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By Faye Bowser, Head of Energy Solutions, Siemens plc. How do we find the energy and ideas now to put in place the changes needed to sustain our collective trajectory to 2050, and also identify the next set of ‘big wins’ for industry? We have already exceeded our interim global business goal of cutting CO2 emissions by half by 2020.
But, as the Institute for Energy Economics and Financial Analysis’ energy finance analyst Bruce Robertson told DeSmog, even they “haven’t been able to get it right”. . according to a 2014 study. Adopting this technology therefore adds significant costs to fossil energy production when it’s applied to that industry.
It’s used to gain a financial advantage that’s often short lived and can expose businesses to long-term financial risk. As business leaders and employees , we must understand the nature of corporate greenwashing. In this Green Business Bureau article, we define corporate greenwash. What is corporate greenwash?
This decade alone, the industry must: Increase low carbon electricity generation by approximately 50 per cent from sources such as wind or solar power. Develop carbon capture usage and storage (CCUS) technology and develop hydrogen networks. Championing ultra-fast electric vehicle charging points. million homes.
You’ll also learn about key technology areas that are driving momentum to equitably tackle the climate crisis, and explore the plentiful opportunities for everyone to be a part of the energy transition that’s already unfolding. Read more about the expansion announcement here in the Boston Business Journal. in Somerville, MA!
Gulf Coast typically receives much of the attention for the LNG rush , the Pacific Coast of Canada is home to multiple proposed LNG export projects, as energy companies scramble to export fracked gas from northeast British Columbia. Thames is a former executive at Cheniere Energy, a prominent U.S. s climate goals. “We
It’s used to gain a financial advantage that’s often short lived and can expose businesses to long-term financial risk. As business leaders and employees , we must understand the nature of corporate greenwashing. In this Green Business Bureau article, we define corporate greenwash. What is corporate greenwash?
Sewell, a 48-year-old businessman based in Midland, Texas, founded 7S Oil and Gas LLC in 2014. In October, she invited a university researcher onto the property and discovered that several wells were leaking methane, a greenhouse gas more potent than carbon dioxide. Then William “Gilligan” Sewell came along. We just cashed in.”.
Sewell, a 48-year-old businessman based in Midland, Texas, founded 7S Oil and Gas LLC in 2014. In October, she invited a university researcher onto the property and discovered that several wells were leaking methane, a greenhouse gas more potent than carbon dioxide. Then William “Gilligan” Sewell came along. We just cashed in.”.
That’s according to a new report published Thursday by the Carbon Tracker Initiative, an energy-focused think tank. Unless properly decommissioned, unplugged oil and gas wells can continue to leak cancer-causing chemicals and the powerful climate pollutant methane. The bonding isn’t enough. That number is even lower today.
While 70% of total expenditures are directed toward “Clean Energy & Clean Air” investments, additional claims on those funds may diminish the amount made available for direct emission reduction activities. 3 Less coverage generally lowers price signal impacts, unless the changes for those sectors require a much higher price signal.
EQT’s move comes on the heels of a similar announcement from Chesapeake Energy, one of the pioneers of fracking which recently emerged from bankruptcy. These latest branding efforts arrive amid a broad ESG investment wave that emphasizes the ways businesses approach environmental, societal, and corporate governance issues.
First, on October 19, the Louisiana Bucket Brigade called out the Federal Energy Regulatory Committee (FERC) for granting Venture Global’s request to construct its Plaquemines LNG gas export terminal on a 24/7 construction schedule. He said most people don’t understand the magnitude these fossil fuel industry sites have on the environment.
An organization run by former Obama-era Energy Secretary Ernest Moniz, with the backing of the AFL-CIO, a federation of 56 labor unions, has created a policy “blueprint” to build a nationwide pipeline network capable of carrying a gigaton of captured carbon dioxide (CO2).
The data is drawn from various sources, including the Global CCS Institute; the International Energy Agency; the Institute for Energy Economics and Financial Analysis; the Geoengineering Monitor , and DeSmog research. What actually happened: Costs more than doubled from initial estimates to $7.5
Only 3 percent of the Wyoming project’s CO2 has been geologically stored in the same formation from which the original gas was extracted, according to estimates from the Institute for Energy Economics and Financial Analysis (IEEFA). C and with the net-zero energy transition. Credit: NET Power , CC BY-SA 4.0
All the green business news from around the world this week. The Trump administration stepped up its pre-election effort to roll back environmental regulations this week, confirming plans to axe methane emissions standards for the oil and gas industry and signalling further such moves are on the cards ahead of polling day in November.
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