Sustainability

Source: Reuters

BP to quit main U.S. refining lobby over carbon policy

Reuters


LONDON – BP (BP.L) will leave the main U.S. refining lobby and two other trade groups as new Chief Executive Bernard Looney spurs some of the oil sector’s most ambitious targets for curbing carbon emissions.

BP said …

February 26, 2020 - 10:00 am
Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

EIA


Oil & Gas Publishers Note: Interesting news from the EIA regarding wind surpassing hydroelectric, but is this a time to celebrate? We are looking at the statistics on renewable energy and the CO2 impact to the environment. The impact

February 26, 2020 - 9:30 am
EnerCom Dallas – ESG for the oil and gas industry

EnerCom Dallas – ESG for the oil and gas industry

Oil and Gas 360


The EnerCom Dallas Energy Conference featured an outstanding panel on ESG (Environmental, Social and Governance) featuring Matthew Todd, Director of The Environmental Partnership; Chris Hughen, Associate Professor of Finance at the University of Denver; and Ken …

February 19, 2020 - 3:30 pm
Source: Houston Chronicle

Chevron invests in carbon capture technology company

Houston Chronicle


Through its startup technology arm, Chevron is joining two other firms in investing in Carbon Clean Solutions, which provides portable carbon capture technology for the oil field and other industrial facilities.

Chevron Technology Ventures, Tokyo industrial conglomerate Marubeni …

February 18, 2020 - 11:00 am
Source: Houston Chronicle

Schlumberger moves technology chief to head of ‘new energy’ division

Houston Chronicle


Oilfield service giant Schlumberger is moving one of its top executives to lead a newly created division for “new energy” initiatives.

In a Friday morning filing with the Securities and Exchange Commission, Schlumberger reported that Executive Vice President …

February 17, 2020 - 2:30 pm
Source: CNBC

China’s wind energy sector faces significant impact due to the coronavirus, Wood Mackenzie warns

CNBC


The new coronavirus outbreak could have a significant impact on the wind energy industry in China, according to research by Wood Mackenzie.

In a statement Monday, the research and consultancy firm said the virus — officially known as COVID-19 …

February 17, 2020 - 2:00 pm
Source: CNBC

Nature-based solutions? Here’s what they are and why you should care

CNBC


It’s over four years since the Paris Agreement was reached at the UN’s COP21 climate summit.

 

It was in the French capital that world leaders committed to making sure global warming stayed “well below” 2 degrees Celsius above

February 14, 2020 - 2:00 pm
Azure Power Releases Annual Sustainability Report

Azure Power Releases Annual Sustainability Report

Azure Power Releases Annual Sustainability Report

February 14, 2020 - 7:30 am
Source: Houston Chronicle

All eyes on Exxon, Chevron after BP vows carbon neutrality

Houston Chronicle


BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.…

February 13, 2020 - 3:30 pm
Source: Reuters

Coronavirus unlikely to have big impact on oil prices: U.S. energy secretary

Reuters


LISBON (Reuters) – The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically push up oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan …

February 13, 2020 - 3:00 pm
Portland General Electric and Avangrid Renewables announce major solar facility in Oregon

Portland General Electric and Avangrid Renewables announce major solar facility in Oregon

Portland General Electric and Avangrid Renewables announce major solar facility in Oregon

February 12, 2020 - 8:00 am
Source: CNBC

Shell’s new solar farm to help power a natural gas plant in Australia

CNBC


Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland.

In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and

February 7, 2020 - 3:00 pm
Source: CNBC

Shares of wind turbine giant Vestas rip higher as order book hits fresh record

CNBC


Turbine manufacturer Vestas Wind Systems logged record order levels in 2019 as well as a rise in profit and revenue.

Vestas posted an order intake — a measure of turbines placed on its order books — of more than …

February 5, 2020 - 2:30 pm
Source: Houston Chronicle

Democrats accuse Energy Department of underspending on clean energy research

Houston Chronicle


WASHINGTON — The Department of Energy isn’t distributing funding for clean energy research fast enough, House Democrats said Wednesday.

At a hearing before the oversight panel of the House Science and Space Committee, Chairman Rep. Bill Foster, D-Ill., …

February 5, 2020 - 12:00 pm
Source: Reuters

Church of England pension fund shifts $789 million to climate index

Reuters


LONDON – The Church of England’s pension fund has shifted 600 million pounds ($789 million) into a new equity index that invests in companies deemed to be making progress towards the targets of the Paris climate agreement.

The index, …

January 30, 2020 - 2:00 pm
EIA’s Annual Energy Outlook 2020 projects consumption growing more slowly than production

EIA’s Annual Energy Outlook 2020 projects consumption growing more slowly than production

EIA


The AEO2020 Reference case projects domestic energy demand to grow 0.3% per year on average through 2050, slower than the average annual growth of 1.9% in U.S. gross domestic product. This projection is largely driven by continued increases in

January 29, 2020 - 9:31 pm
Source: Houston Chronicle

iPod inventor, Nest founder Tony Fadell backs first battery startup

Houston Chronicle


iPod pioneer Tony Fadell is backing a battery company that says it’s found a way to store more energy using silicon scrap waste.

Fadell’s investment firm, Future Shape, is among the contributors to Advano’s $18.5 million Series A …

January 28, 2020 - 1:30 pm
Source: CNBC

Oil major pledges to become carbon neutral by 2030, drawing sharp criticism from climate activists

CNBC


Sweden’s oil major Lundin Petroleum has pledged to become carbon neutral by the end of the decade, announcing plans to replace “Petroleum” with “Energy” in its name.

The company, which is one of Europe’s largest independent oil producers, said

January 27, 2020 - 2:00 pm
Duke Energy, the nation's largest electric utility, unveils its new logo. (PRNewsFoto/Duke Energy) (PRNewsfoto/Duke Energy)

Duke Energy Florida announces 2 new solar power plants, 2 others completed

Duke Energy Florida announces 2 new solar power plants, 2 others completed

January 27, 2020 - 1:05 pm
Source: CNBC

Norwegian energy major Equinor to run ship fitted with ammonia fuel cells

CNBC


The European Union has awarded 10 million euros ($11.05 million) in funding to a scheme that is aiming to install an ammonia-powered fuel cell on a ship.

The beneficiary of the money, the ShipFC project, is a consortium of

January 24, 2020 - 2:00 pm

Starion Energy Celebrates 10 Years and Plans Charity Work

Starion Energy Celebrates 10 Years and Plans Charity Work

January 24, 2020 - 11:24 am
This combination photo shows Swedish climate activist Greta Thunberg speaking at the COP25 summit in Madrid, Spain on Dec. 11, 2019, left, and President Donald Trump speaking at a campaign rally in Battle Creek, Mich. on Dec. 18, 2019. When climate activist Greta Thunberg, also 16, was named Time magazine's 2019 person of the year, President Donald Trump took to Twitter to call her choice “ridiculous." (AP Photo/Paul White, left, and Evan Vucci)

Oil industry in Davos: torn between Greta and Trump

Reuters


DAVOS, Switzerland – Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures.

It’s a Catch-22 situation: to meet ambitious emissions targets by investing in low-carbon technologies, they …

January 23, 2020 - 2:00 pm
Source: Houston Chronicle

Wind power could be dominant offshore energy focus within 5 years

Houston Chronicle


The United States will likely spend more money developing offshore wind capacity than offshore oil and gas within the next five years, according to a new study.

Installed offshore wind capacity off the coast of the United States …

January 22, 2020 - 3:30 pm
EIA projects less than a quarter of the world’s electricity generated from coal by 2050

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

EIA


By 2050, coal-fired generation comprises only 5% of the region’s generation mix.

EIA World net electricity by fuel, IEO 2019 Reference case - oilandgas360

According to the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the …

January 22, 2020 - 1:32 pm
Source: Houston Chronicle

Climate change also poses a threat to oil’s exploration budgets, report finds

Houston Chronicle


The growing threat of climate change and the evolving transition toward cleaner energy alternatives are threatening spending on traditional oil and gas exploration worldwide, according to a new report.

The largest energy companies are reducing exploration budgets and …

January 22, 2020 - 1:00 pm
Source: CNBC

BP’s CEO chides AOC and Bernie Sanders for their ‘completely unrealistic’ Green New Deal ideas

CNBC


Outgoing BP chief Bob Dudley on Wednesday criticized sweeping climate proposals from Sen. Bernie Sanders, a top-tier 2020 Democratic presidential candidate, and Rep. Alexandria Ocasio-Cortez, a champion of the far-left.

“They have a completely unrealistic idea of the …

January 22, 2020 - 12:00 pm
APS Sets Course for 100 Percent Clean Energy Future

APS Sets Course for 100 Percent Clean Energy Future

APS Sets Course for 100 Percent Clean Energy Future

January 22, 2020 - 8:29 am
Largest CCA Renewable Project Comes Online

Largest CCA Renewable Project Comes Online

Largest CCA Renewable Project Comes Online

January 22, 2020 - 8:00 am
Source: Houston Chronicle

Phillips 66 cancels large renewable diesel refinery project

Houston Chronicle


Phillips 66 said Tuesday it canceled plans to build the largest renewable diesel refinery along the West Coast, citing concerns with project costs and permitting problems.

The Houston-based refining company is withdrawing from its joint effort with the Iowa-based …

January 21, 2020 - 3:30 pm
Source: CNBC

Bank of America CEO says clients want to invest in companies ‘doing right by society’

CNBC


Bank of America CEO Brian Moynihan says money will keeping flowing to environment, social and governance funds (ESG) as more investors send the message that they want to own companies with a mission that aligns profits with broader social

January 21, 2020 - 1:00 pm