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New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.
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.
The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. But our numbers show we are returning to carbon-intensive business-as-usual.
When peat swamps are drained for agriculture, the peat begins to decompose, and is an enormous source of carbon emissions. Based on visual interpretation of high-resolution (30 m) satellite images, a new study in the journal Global Change Biology: Bioenergy determined that industrial plantations covered over 3.1 —Miettinen et al.
an innovator in the field of enzyme-enabled carbon capture technology, announced that it has exceeded the second set of technical performance milestones for its oil sands project. CO 2 Solutions’ technology platform uses carbonic anhydrase to accelerate the capture of CO 2 with energy-efficient solvents. CO 2 Solutions’ process.
signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. ExxonMobil is exploring options to conduct a pilot test of next-generation fuel cell carbon capture solution at one of its operating sites.
The aviation sector is responsible for about 5% of global anthropogenic emissions causing climatechange. It relies heavily on kerosene (jet fuel)—a liquid hydrocarbon fuel typically derived from crude oil. (A) —Aldo Steinfeld.
This year’s edition highlights the growing divergence between demands for action on climatechange and the actual pace of progress on reducing carbon emissions. The longer carbon emissions continue to rise, the harder and more costly will be the necessary eventual adjustment to net-zero carbon emissions.
Oil palm supplies more than 30% of world vegetable oil production. Its expanding production is driving rainforest destruction and massive carbon dioxide emissions, according to a new study led by researchers at Stanford and Yale universities. Indonesia is the leading producer of palm and palm kernel oil.
And so it is that I resigned from my position as Director of Strategic Partnerships and Public Affairs for CBS EcoMedia effective the first of this month and I will now be devoting my full time to working on climatechange response with the South Bay 350 Climate Action Group, the South Bay Bicycle Coalition and 350.org.
I’m talking about the people who work for and represent E&B oil. The people whose business model is to wreck the ecology and the climate and profit from it. The graph on the right is the amount of carbon eco terrorists intend to burn. I’m talking about heroes like climate scientist Michael E.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, says it will be neutralizing the carbon emissions of all less-than-container load (LCL) ocean freight shipments from 1 January 2021. To fight against climatechange, the transport sector needs true decarbonization.
BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. —Greg Smithies, Partner, BMW i Ventures.
China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Oil use grows, but in a narrowing set of markets.
Sapphire and Sinopec have been working on an algae-derived renewable crude oil project. The EcoPartnerships Program promotes cooperation between US and Chinese sub-national actors who work on clean energy, climatechange, and environmental protection, to help address some of the biggest challenges facing our two countries.
of the methane encountered during oil production. of the methane in gas flares used by the oil and gas industry. It is one of several projects funded in support of the US Methane Emissions Reduction Action Plan, announced at the 2021 United Nations ClimateChange Conference (COP26). Margaret Wooldridge, an Arthur F.
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.
Additionally, Governor Newsom requested that the California Air Resources Board (CARB) analyze pathways to phase out oil extraction across the state by no later than 2045. California’s production of oil has been steadily dropping since 1985. According to the California Energy Commission, California oil represented 34.9%
The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
New research by the IHS Markit Canadian Oil Sands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oil sands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oil sands going down further, continuing a decade-long trend.
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.
A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge. —Comer et al.
In an opinion piece in the journal Nature , a team from the US and Europe suggests that the transition to a low-carbon world will create new rivalries, winners and losers, and that it is therefore necessary to put geopolitics at the heart of debates about the energy transition. abating carbon will create losers. —Goldthau et al.
Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.
Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. The field work was conducted by Meo Carbon Solutions. Schematic of a belt filter press.
The International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) has approved draft new mandatory regulations to cut the carbon intensity of existing ships. The draft amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity.
T&Es Giorgia Ranzato explains how financial instruments can be used to clean up one of Europes dirtiest industries The transport sector is Europes largest contributor to GHG emissions and the major player in driving climatechange. continued] The post Truckmakers Are More Carbon Intensive than Oil Companies.
Our work with Synthetic Genomics on algae biofuels continues to be an important part of our broader research into lower-emission technologies to help reduce the risk of climatechange. This outdoor research follows the companies’ years of fundamental biological research into understanding and improving algae oil production.
Chan School of Public Health, and consulted by dozens of experts in academia, updates ethanol’s carbon intensity score to reflect how continuous improvements in technology and practices have driven further emissions reductions in the lifecycle of ethanol and will lead to net zero renewable fuel in the future. gCO 2 e/MJ (range of 37.6
Canada’s First Ministers (The Prime Minister of Canada and the provincial and territorial premiers) issued a joint communiqué and released the Pan-Canadian Framework on Clean Growth and ClimateChange following the First Ministers’ Meeting. The Framework outlines actions that will grow the economy while reducing GHG emissions.
The Penwell facility will be the first gasoline manufacturer in the world to incorporate carbon capture and sequestration. The captured CO 2 will be used for enhanced oil recovery. The TIGAS technology enables us to cut both the production cost and the lifecycle carbon footprint of everyday fuel by 50%.
earlier known as Synthetic Genomics, has signed a joint development agreement with ExxonMobil Research and Engineering Company (EMRE) with the intent to bring Viridos’ low-carbon intensity algae biofuels toward commercial levels. Viridos Inc., —Vijay Swarup, vice president of Research and Development at ExxonMobil.
When Chevron, or Phillips 66, or ExxonMobil or E&B oil companies give schools and nonprofits funding money they do it for one reason only. Sold them out to the very oil companies who are destroying their chance of having a decent future. And they will damn sure remember who went along for the ride to get that oil company money.
Policies to entice consumers away from fossil-fuel powered vehicles and normalize low carbon, alternative-fuel alternatives, such as electric vehicles, are vital if the world is to significantly reduce transport sector carbon pure-emissions, according to a new study. Note the different scaling used in the graphs. McCollum et al.
Italy-based Snam, a leading energy infrastructure operator, and Saipem, an Italian multinational oilfield services company, have signed a Memorandum of Understanding to start working together to define and to develop initiatives for green hydrogen production and transport, and for carbon dioxide capture, transport and reuse or storage (CCS and CCU).
People from Chevron and Toyota will be driving Toyota’s Tundra, RAV4 and Camry on this road trip with the objective of demonstrating the fuel, which is more than 40% less carbon intensive than traditional gasoline on a lifecycle basis, according to Chevron.
Environmental groups foresee the public needing to use electrified mass transit , reduce long-haul flights for business as well as pleasure), increase telework, walk and cycle to work or stores, change their diet to eat more vegetables, or if absolutely needed, drive only small EVs. The answer is perhaps some, but maybe not too much.
The US Department of Energy (DOE) announced up to $32 million in funding ( DE-FOA-0002616 ) toward the research and development of new monitoring, measurement, and mitigation technologies to help detect, quantify, and reduce methane emissions across oil and natural gas producing regions of the United States.
million metric tons of carbon dioxide equivalents, or 5,586.0 million metric tons of carbon dioxide equivalents after accounting for sequestration from the land sector—representing a 6% increase from 2020. This report has been compiled annually since 1993 and submitted to the United Nations Framework Convention on ClimateChange.
Global carbon emissions from burning fossil fuels did not grow in 2015 and are projected to rise only slightly in 2016, marking three years of almost no growth, according to researchers at the University of East Anglia (UEA) and the Global Carbon Project. This is a great help for tackling climatechange but it is not enough.
The oil and gas industry is banking on carbon capture as its “fix” for climatechange. more… The post Large amounts of carbon capture as a solution is an ‘illusion’ – IEA appeared first on Electrek. The IEA’s new report dispels that idea and offers real solutions.
These new grades will claim 100% renewable attributed carbon derived from crude tall oil (CTO) bio-feedstock, according to a mass-balance approach. This patent-pending technology allows a climatechange impact reduction of almost 20% of the Kynar PVDF binder (expressed in kg eq.
In a fairly bleak assessment of global progress towards low-carbon energy, the International Energy Agency (IEA) concluded that, despite a few bright spots such as the rapid expansion of renewable technologies and the growth of hybrid and EV sales, the progress is far below that required to achieve a 2 °C pathway—i.e., Source: IEA.
KPMG developed 3 nexuses linked by climatechange to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: ClimateChange: This may be the one global megaforce that directly impacts all others. Source: KPMG. Click to enlarge.
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