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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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DOE awards Core Power and MIT Energy Initiative funding for floating nuclear power research project

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The US Department of Energy’s Nuclear Energy University Program ( NEUP ) has awarded research funds to the MIT Energy Initiative, CORE POWER, and the Idaho National Laboratory for a three-year study into the development of offshore floating nuclear power generation in the US. Funding would come from the $1.2-trillion Concept of OFNP.

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bp begins producing SAF by co-processing used cooking oil at Lingen refinery

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bp has begun producing sustainable aviation fuel (SAF) from used cooking oil in co-processing process with crude oil at its plant in Lingen, Germany. Fats, Oils and Greases (FOG) co-processing is one of nine ASTM-approved conversion processes for SAF production. Earlier post.).

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bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

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renewable power, producing zero emissions. This will be powered by renewable energy generated by an Ørsted offshore ? When powered by renewable ?energy, power, industry and transport sectors, especially those that are hard-to-electrify or ?expensive-to-electrify. renewable-powered electrolysis capacity at Lingen.

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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. trillion in 2018, a level similar to 2017.

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As states use less coal for electricity, driving electric vehicles becomes even cleaner

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Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions.

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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