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Study finds global oil demand likely to grow despite pandemic, climate policies

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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.

Oil 259
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IEA: global carbon dioxide emissions have rebounded strongly

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In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. Most of this—around 1 billion tonnes, which is more than the annual emissions of Japan—was due to lower use of oil for road transport and aviation.

Emissions 433
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Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

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Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 The forecast sees oil sands production rising from 1.5 Canadian and US crude oil pipelines—all proposals. —Greg Stringham, CAPP vice-president of markets and oil sands.

Oil-Sands 199
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thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

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In the course of their transformation paths towards climate-neutral steel making, thyssenkrupp Steel and HKM will require large and increasing quantities of hydrogen to produce steel without coal. Green hydrogen is a sustainable alternative to coal, oil and natural gas.

Hydrogen 305
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DOE awards more than $145M for advanced solar technologies under SunShot Initiative

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The announcement of the new awards comes a day after high-profile solar company Solyndra, which had received a $535-million Federal loan guarantee under the Obama Administration’s stimulus program, ceased operations, laid off its 1,110 workers and filed for bankruptcy. To the first, the answer is a qualified yes.

Solar 348
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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period. But after the second half of 2008, when international oil prices dropped 75%, global energy intensity started rising.

2010 246
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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

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The largest one-year emissions drop California has ever achieved was at the height of the Great Recession in 2009, when climate pollution fell 6.1%. The fact is, we’ve never come anywhere near cutting emissions five percent in a single year in a period of economic stability—and yet, in order to meet our climate goal by 2030, we have to.