Sustainability Archives - Page 2 of 95 -

The breakthrough that finally makes green hydrogen cost-competitive

January 8, 2026

(Oil Price) – For decades, green hydrogen has been touted as the “next big thing” in clean energy technology, with particularly promising potential applications in hard-to-abate sectors like transport, steelmaking, and shipping. However, the long-predicted green hydrogen renaissance has never come to fruition due to several factors, including the prohibitively high cost of production and the energy losses and inefficiencies associated

White hydrogen emerges as a wild card in the global clean energy race

January 5, 2026

(Oil Price) – The white hydrogen boom could be within sight based on recent finds in France, the United States, and other parts of the world. However, developers are still not sure of the costs involved with exploiting white hydrogen resources, as well as the technical challenges to accessing reserves, making the outlook uncertain. Unlike other low-carbon forms of hydrogen, such

A conflict is brewing between big tech and American farmers

December 10, 2025

(Oil Price) – For farmers in the United States, concerns about too much clean energy production are quickly transforming into concerns about too little energy to go around. For years, rural America has been pushing back against the spread of utility-scale solar and wind farms competing for agricultural land. Now, they have a new sector to worry about as massive data center developments

The next frontier for critical minerals

December 8, 2025

(Oil Price) – There is a rising global interest in extracting much-needed critical minerals from the Arctic to meet the growing needs for various metals and minerals. However, environmentalists are concerned about what impact the exploitation of vast untapped reserves in the region might have on wildlife and the environment. Despite potentially holding huge reserves of critical minerals, several countries have

COP30 drops draft on transition away from fossil fuels

November 21, 2025

(Oil price)– The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, according to the latest draft of negotiating texts at the global gathering in Belem, Brazil. Many countries at COP30 have mobilized and supported a so-called “roadmap” to transition away from fossil fuels. But the latest draft document of the summit has

Shell abandons two major UK offshore wind projects

November 10, 2025

(Oil Price) – Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell has ditched plans to build two wind farms offshore Scotland, days after announcing it is withdrawing from the Atlantic Shores Offshore Wind project in the United States. Offshore

Exclusive-QatarEnergy, Exxon executives warn of Europe exit over climate law

November 3, 2025

(Investing) – ABU DHABI -Executives at two of Europe’s top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business with the European Union if it does not significantly loosen a sustainability law that could impose fines of 5% of their global revenue. Exxon CEO Darren Woods told Reuters on the sidelines of the ADIPEC meeting in Abu Dhabi

US will not send officials to COP30 climate talks, White House says

October 31, 2025

(Investing) – WASHINGTON -The U.S. will not send any high-level officials to the upcoming COP30 climate summit in Brazil, a White House official told Reuters, alleviating some concern among world leaders that Washington would send a team to scupper the talks. Brazil will host a high-level leaders’ summit next week before the two-week UN climate negotiations begin in the Amazonian city

Global power demand to skyrocket 30% by 2035

October 30, 2025

(Oil Price) – The world’s electricity demand is expected to surge by 30% over the next decade as data centers, electric vehicles, and demand for heating and cooling drive increased consumption, a new report by Rystad Energy says. Renewable power generation, especially solar energy, is expected to be crucial to meeting the electricity demand growth, found the report cited by Bloomberg. Renewable

Saudi Arabia awards five renewables projects worth $2.4 billion

October 28, 2025

(Oil Price) – Saudi Arabia has awarded one wind power and four solar power projects in the country worth a total estimated investment of $2.4 billion (9 billion Saudi riyals), the official Saudi Press Agency reports. Saudi Power Procurement Company, the principal buyer of the projects, awarded the five projects with a total capacity of 4.5 gigawatts (GW), as part of the

U.S. and Qatar issue new warning on EU climate directive

October 22, 2025

(Oil Price) – The United States and Qatar have joined forces for a fresh warning to Brussels that its corporate sustainability directive risks LNG imports from two of the world’s biggest exporters at a time when the EU is trying to ban all Russian gas imports. Per a joint letter cited by the Financial Times, Washington and Doha are concerned that the directive

Trump mulls cutting billions in funds from list of clean energy projects

October 8, 2025

(Investing)– The U.S. government is considering canceling billions of dollars in funding for clean energy programs, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters. Projects on the list include two major direct air capture hubs that received billion-dollar awards from former President Joe Biden’s administration, including one that involves oil

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