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Fracking operations at a site in Blackpool, UK, have caused an unintended release of methane gas into the atmosphere to the equivalent environmental cost of 142 trans-Atlantic flights according to new research. Three different methods were used to estimate the methane release rate. km deep shale gas well.
In addition, the Carbon Mapper consortium announced its plan to deploy a ground-breaking hyperspectral satellite constellation with the ability to pinpoint, quantify and track point-source methane and CO 2 emissions. In short, if you can’t measure it, you can’t manage it. . These home-grown satellites are a game-changer.
A little over a decade ago, Gary Dye, then a gas measurement engineer at NW Natural, Oregon’s largest gas utility, lost faith in his employer to responsibly deal with what he believed to be systematic inaccuracies among the company’s hundreds of thousands of gas meters. Faulty Meters Raise Questions About Profits.
Only a handful of super emitters are responsible for an enormous amount of the methane pollution in the Permian basin, according to a new study. Methane is a highly potent greenhouse gas — more than 80 times more powerful than carbon dioxide over a 20-year time-frame. That’s equivalent to about 5% of the U.S.
It’s important that businesses understand which gases matter and how to measure these gases using the common approach of carbon dioxide equivalents. The three major greenhouse gases are carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O). Methane (CH4). Greenhouse Gases and their Carbon Dioxide Equivalents.
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.
Understandably, the larger a company is, the more waste it produces, the more resources it uses, and the more energy it consumes. Small businesses, too, play a part in the harmful practices damaging the planet. So the carbon emissions, resource consumption, and waste production from every small business add up. .
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. In 2019, this figure rose to 77%.
The programme will ensure compliance with the current Drinking Water Quality Regulations and improve the quality of drinking water for homes and businesses throughout the Republic of Ireland, minimising the risk of boil water notices. They found a willing collaborator in Enva, one of Evoqua atg’s business partners in Ireland.
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”. . Adopting this technology therefore adds significant costs to fossil energy production when it’s applied to that industry. Gorgon is led by U.S.
By Tom Murray This week, business executives, tech entrepreneurs, and investors met in Aspen, Colorado at the Fortune Brainstorm Tech 2019 conference. This annual gathering brings movers and shakers together to discuss the latest tech trends and how businesses can find a competitive edge in a fast-paced marketplace.
Joint effort focuses on developing technologies and management practices to accelerate reductions of methane emissions across the global oil and gas industry. The agreement enables joint collaboration on projects that test technologies and emerging strategies to continue to improve methane management. BP took such a step today.”.
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!
This story is part of the series Getting to Zero: Decarbonizing Cascadia , which explores the path to low-carbon energy for British Columbia, Washington, and Oregon. And, in the United States, political gridlock chopped the heart out of Congress’ most ambitious clean energy plan. . Worried about the climate crisis? If not sooner.
This week, Aurora Hydrogen, a pyrolysis startup in Edmonton, Alberta, disclosed $10m in Series A funding led by Energy Innovation Capital and including some well-known fossil fuels funds including Shell Ventures and Chevron Technology Ventures. Companies such as Electric Hydrogen have their work cut out.
The ongoing conflict in Ukraine and the subsequent sanctions against Russia have highlighted Europe’s vulnerability when it comes to energy security. TES is a green hydrogen company that will accelerate the energy transition through its ambitious plans to develop a green hydrogen hub at Wilhelmshaven in Northern Germany.
Plans to fund the production of biomethane 'green gas' to provide low carbon heating for homes and businesses through a new carbon tax on UK fossil fuel gas suppliers have been confirmed today, with the government signalling that it aims to launch the new tariff scheme in the autumn. The green gas tariff scheme is expected to help save 21.6
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. August 29, 2019. Thames is a former executive at Cheniere Energy, a prominent U.S.
Adopting net-zero by 2050 benchmarks will allow banks to minimize portfolio-wide climate risks and capitalize on the financial opportunities of the energy transition. Ben Ratner, Senior Director, EDF+Business. Already, the EU and UK require banks to monitor their climate risk. Why it matters. degree scenario.
It’s packed with energy; per unit of weight, at least 60 times as much as the lithium-ion batteries used to propel electric cars. In the presence of the sun’s rays, nitrogen molecules set of a chain of reactions that produce ozone and destroy free-floating atmospheric methane. It’s also terrible for the climate. Others warm it.
The circumstances surrounding his termination are documented among thousands of pages of public records and internal company documents that provide a penetrating look into the multi-billion dollar stakes of negotiations between governments and state-sanctioned monopolies that are shaping the future of energy systems in Oregon and beyond.
In a decarbonizing world and increasingly competitive energy industry, eliminating routine flaring is critical to minimize climate impact and curtail economic waste. Average Permian Basin natural gas flaring rate vs. top-tier operators interviewed (2019). Natural gas flaring has been a long-time concern for the oil & gas industry.
Emissions include carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O) and (commonly measured through what is known as carbon dioxide equivalents or CO2e). GHGs are caused directly and indirectly by human activity especially energy (73%). In 2019, total greenhouse gas emissions reached a new high of 59.1
This summer, just seven months after the fire ripped through Dark Horse, the EPA approved a key “monitoring, reporting, and verification” plan for the project — a key step in enabling the company to claim carbon capture tax credits that could be worth over a quarter of a billion dollars. So far, that’s not what’s happening.
Oil and Gas Climate Initiative (OGCI) releases annual progress report detailing efforts to cut methane emissions and step up clean tech investment. The business plans that we have today will not get us there, so our plans must change over time as society and our customers also change, and Shell is already changing. " he said.
BASF’s wine tasting is just one example of many such pandemic-style lobbying efforts by the European agriculture industry since the EU has attempted to pass sweeping new policies to combat climate change through measures included in its “Green Deal,” first presented in December 2019. These groups spent at least a combined €45.9
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. In 2019, this figure rose to 77%.
BusinessGreen brings you an overview of the key business takeaways from the Glasgow Climate Summit. Forward-thinking businesses and financiers are set to be agents of change as governments look for ways to turn ambition into action - a role that is clearly not lost on the many business leaders represented at the SEC Centre in Glasgow.
According to a 2019 study there is currently more CO2 in the atmosphere than there has been in at least 3 million years. This annual report looks at where we are compared to where we need to be in terms of GHGs (see previous reports 2012 , 2018 and 2019 ). In 2019, total greenhouse gas emissions reached a new high of 59.1
It had been about a year and a half since he left his job at an aerospace company to found a clean energy startup in San Francisco with three of his friends, but the path to success he’d once envisioned had crumbled. Charm would use the same technology, but instead of turning plants into a useful energy product, it would offer a service.
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. This increases the risk of methane seeping into the air and oil migrating into the surrounding groundwater. This is a failure on so many levels,” Laura said.
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. This increases the risk of methane seeping into the air and oil migrating into the surrounding groundwater. This is a failure on so many levels,” Laura said.
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.
In a decarbonizing world and increasingly competitive energy industry, eliminating routine flaring is critical to minimize climate impact and curtail economic waste. Average Permian Basin natural gas flaring rate vs. top-tier operators interviewed (2019). Natural gas flaring has been a long-time concern for the oil & gas industry.
According to recent reports, VCs invested $60B in climate tech between 2013–2019 with an 84% CAGR in capital deployed, with no signs of slowing in 2020 (see below). Thus far we have made investments towards reducing the climate impact of our food, industrial production, and energy systems, and we are eager to make more.
In 2019, Honary won the $10,000 grand prize in the Ignite Innovation Student Challenge for his Early Wildfire Detection Network submission, which provides app technology to firefighters. I started thinking about how the power of technology can be used to solve many environmental problems such as wildfires. million earlier this year.
However, as carbon-intensive assets increasingly flow to private markets , a gap in action by private equity could threaten the success of the energy transition. Investors need reliable data to allocate capital to transition-ready assets and monitor portfolio companies’ progress on emissions reduction. Climate Risk Disclosure.
In this Green Business Bureau eco friendly retail packaging guide, we explore sustainable packaging solutions for 6 of the most common types of packaging materials used. We explain our current waste crisis in detail, before defining an effective business waste management strategy to reduce packaging waste.
Food is basically a combination of energy, water and nutrients. Some plants and micro-organisms can make food ‘out of thin air’ by simply rearranging carbon, water and oxygen molecules using energy from the Sun. Tasty Buggers For a growing number of entrepreneurs in China, cockroach-factories are a booming business. Literally.
This dates back to the introduction of the crops in the 1990s, when critics portrayed GMOs as a risky technology with benefits that flowed only to big agricultural businesses. In 2019, Calyxt, another U.S. As a recent report noted , there are multiple possibilities, including rice varieties that emit less methane.
The push to sell “blue hydrogen” as a clean energy fuel — which experts have called a misleading rebrand of fossil fuels — hit another setback this month. Climate provisions in the Inflation Reduction Act of 2022 are bringing new economic headwinds to the gas-derived hydrogen fuel’s prospects.
The 2001 GHG Protocol’s guidelines were the first to categorize business GHGs as scope 1 emissions, scope 2 emissions, and scope 3 emissions. Scope 2 emissions are indirect GHGs released from the energy purchased by an organization. We will then outline four ways you can reduce direct corporate emissions (scope 1) in your business.
Carbon accounting is a must for any becoming business today. Such businesses better meet the demands of the regulatory environment while coming into alignment with investor, consumer, and employee preferences. And to do that, this Green Business Bureau is your guide. The aim is to help the entity understand its climatic impact.
This week, Energy Innovation launched the Oregon Energy Policy Simulator (EPS) , our newest state-specific, open-source, peer-reviewed, and nonpartisan model that estimates the environmental, economic, and public health impacts of hundreds of climate and energy policies. Business As Usual Scenario. By Shelley Wenzel.
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