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New Road Map to a US Hydrogen Economy

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A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” Analytical support was provided by McKinsey and scientific observations and technical input was provided by the Electric Power Research Institute.

Economy 521
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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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This includes almost 24 million inactive leased acres in the Gulf of Mexico, which potentially could hold more than 11 billion barrels of oil and 50 trillion cubic feet of natural gas. For onshore leases, the review found that approximately 45% of all leases and approximately 57% of all leased acres are inactive. New sources of energy.

Obama 268
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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in 2019 to 5,130 million metric tons (MMmt), according to data in the US Energy Information Administration’s (EIA) Monthly Energy Review. In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%.

2019 273
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UK Review of Renewable Energy finds 30% renewables share by 2030 appropriate for the UK; a cautious approach to biofuels in transport

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up to 45%) depending on the extent to which renewable technology costs fall and possible constraints on deployment of low-carbon alternatives, according to the newly released Renewable Energy Review by the UK Committee on Climate Change (CCC). Gas CCS may be particularly useful in providing flexible generation. Renewable transport.

Renewable 199
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Pensana plans $125M rare earth separation facility in England

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The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

Angola 345
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% more as natural gas was diverted to Asia.

Coal 261
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IEA: global carbon dioxide emissions have rebounded strongly

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In Brazil, the rebound of road transport activity after the April low drove a recovery in oil demand, while increases in gas demand in the later months of 2020 pushed emissions above 2019 levels throughout the final quarter. Global emissions from the electricity sector dropped by 450 million tonnes in 2020.

Emissions 433