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Dominion Energy sets new goal of net zero emissions by 2050 for both power generation, natural gas operations

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Dominion Energy announced a significant expansion of the company's greenhouse gas emissions-reduction goals, establishing a new commitment to achieve net zero emissions by 2050. Dominion currently has cut carbon emissions approximately 50% since 2005 and reduced methane emissions by nearly 25% since 2010. Transportation.

Emissions 207
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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040.

Energy 252
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KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel.

Oil 225
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Air Products to provide hydrogen fueling equipment to China Energy Investment Group’s first hydrogen fueling station in China

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Air Products signed an agreement with state-owned Shenhua New Energy Co. New Energy), a subsidiary of China’s energy conglomerate China Energy Investment Group Co., China Energy was established in November 2017 by the merger of Shenhua Group, a world-class energy company, and China’s power giant China Guodian Corporation.

Hydrogen 170
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Ford cuts manufacturing energy use 22% in 6 years; targeting additional 25% Drop by 2016

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Ford has reduced the amount of energy required to produce each vehicle in its manufacturing facilities by 22% in the last six years. Ford’s progress has been achieved by investing in energy-saving practices and equipment. The company also announced plans to reduce usage another 25% on a per-vehicle basis by 2016.

2016 256
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Perspective: Ending Oils Monopolya Blueprint for Mobility Choice

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Oil is a strategic commodity second to none—it underlies the global economy and even the American way of life. Of course, other countries benefit from this fact, with about $900 million flowing out of the US to buy foreign oil every day, and about 40% of that going to OPEC. [ Source: EIA. Click to enlarge.

Oil 255
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Air Products heralds successful operation of project to capture CO2 from hydrogen production for use in enhanced oil recovery

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Air Products heralded the successful operation of a US Department of Energy (DOE) demonstration project that will capture approximately one million tons of carbon dioxide (CO 2 ) from hydrogen production for use in an enhanced oil recovery project in which DOE anticipates an additional estimated 1.6-3.1

Oil 186