This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
2020: Fossilfuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossilfuels. When oil and gas companies say that they’re getting out of oil and gas, shouldn’t you?
gigawatt naturalgas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. “The future for the gas industry, in terms of power, will shift to peakers," Watson said.
ABU DHABI — The role of naturalgas is one of the stickier points of debate related to the global energy transition, and that debate was on full display here this month. “I view naturalgas and LNG as already part of the solution,” she said at the Atlantic Council's Global Energy Forum. power system.
electrical generating capacity added in 2019 — swamping new additions provided by coal, naturalgas, oil and nuclear power combined. FERC released its year-end energy infrastructure report today, and initial analysis by the SUN DAY Campaign finds that renewable energy sources provided 57.26% of new U.S.
Policies such as California's Advanced Clean Truck rule are forcing organizations in the state to phase in zero-emission trucks and phase out fossilfuel-based ones. Progressive cities, many in Europe, are building zones in downtown centers that are banning fossil-fuel vehicles and incentivizing zero-emission models.
They include the Spectator magazine and groups based in and around Westminster’s Tufton Street , home to a network of opaquely funded, free market think tanks with a history of criticising climate action and pushing for more fossilfuel exploration. French gas giant EDF and German-owned energy firm E.ON
The Securities and Exchange Commission (SEC) this week fired a shot over the bow at Wall Street companies that promise to help investors avoid putting their money into fossilfuels and tobacco — but steer funds towards those companies anyway. On the other hand, there’s been political pushback from the fossilfuel industry’s backers.
microgrid market set a record with 666 megawatts of capacity additions in 2018, but project delays and cancellations have dropped the expected 2019 total to 553 megawatts, according to a new report by energy research firm Wood Mackenzie. billion in capital expenses in 2019, nearly triple the $645 million invested in the U.S
Solar plus storage also helps the wider grid and environment by letting consumers shift the time when they consume solar power: by storing solar energy when it’s abundant during the day, and using it at night, in place of power generated from fossilfuels. Meanwhile, battery costs have followed a similar downward path.
billion into fossilfuel projects around the world since the Paris Climate Agreement was signed in 2015, undercutting global efforts to combat the worsening climate crisis. IFC trumpeted the transaction, arguing that it would help Pan American produce “cleaner fuels,” which meant diesel with a lower sulfur content.
Today, I want to cover the production and consumption of naturalgas. Naturalgas is the cleanest of the fossilfuels. It is also fastest-growing fossilfuel, with a global 2.6% shale gas boom propelled the U.S. into the global lead among natural producers. In 2019, the U.S.
Talk to fossilfuel execs, government ministers, and industry reps these days and they’ll all tell a similar story: Blue hydrogen is the clean fuel of the future that will help Canada and the world get to net-zero emissions. It’ll power everything from airplanes to long-haul trucks and will even heat our homes.
BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment tenfold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy. How BP plans to change from 2019 to 2030. gigawatts at the end of 2019 to 50 gigawatts, with 500 terawatt-hours “traded.”
Danish energy company Ørsted has sold off its LNG unit but will hang on to its gas trading business. The firm, previously known as Danish Oil and NaturalGas, sold its upstream fossilfuels business to Ineos in 2017 and is phasing coal out of its generation mix by 2023. That trend is set to continue.
Today, I want to cover the production and consumption of naturalgas. In 2021, global naturalgas consumption reached a new all-time high, surpassing the previous record set in 2019 by 3.3%. Naturalgas is the cleanest-burning of the fossilfuels. shale gas boom propelled the U.S.
The Review covers energy data through 2019, and provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Naturalgas contributed the second largest increment with 36% of the increase. Naturalgas production grew to a new record, with U.S.
These investors have bought “green-labelled” bonds issued by Eni, Italy ‘s largest – and the world’s 13th largest – fossilfuel company. As the activist group Reclaim Finance describes the scam : “the bond market has become a safe haven for easy access to fossilfuel finance.”
So, how does the consumption of renewables and coal compare to our consumption of petroleum, naturalgas, and nuclear power? What this graphic shows that the previous graphics don’t show is that it was naturalgas that took the biggest share of coal’s market. quads of naturalgas. quads of fossilfuels, 11.5
Today I delve into the data on naturalgas production and consumption. had dominated global naturalgas production until the 1980s, at which time it ceded the lead to Russia. The Middle East has also grown its naturalgas production at a rapid pace over the past 50 years, and was on pace to take the global lead.
Fossilfuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their “greenwashing” Environmental lawyers ClientEarth have put companies on notice with the publication of the Greenwashing Files. ExxonMobil – “Powering Progress”.
The City of Eugene, Oregon, initiated a process on November 17 that could lead to a ban on new naturalgas hookups in residential and commercial buildings, following in the footsteps of dozens of other cities around the country. Negotiations have dragged on since 2019 with little to show for it.
JPMorgan Chase is the world’s biggest financier of fossilfuels, according to environmental organisations. In 2020 the bank pledged to end fossilfuel loans for Arctic oil drilling and phase out loans for coal mining. Fossil Finance.
In three previous articles, I discussed: Overall highlights Trends in global carbon dioxide emissions Global production and consumption of petroleum Today I will discuss trends in naturalgas production and consumption. since 2019. since 2019. Global gas production remained steady compared to 2022, with the U.S.
BRUSSELS (AP) — The European Union on February 2 proposed including nuclear energy and naturalgas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” Germany, Europe’s largest economy, demanded that gas be part of the plan.
Nearly two thirds of social media posts put out by six major European fossilfuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossilfuels, reveals new analysis by Desmog.
Former UK Energy Minister and original COP26 President Claire O’Neill has been cleared to take up a role at a business consultancy known for running “astroturf” campaigns for fossilfuel companies, despite warnings from the body that approves such appointments. Oil and Gas Industry Groups.
The campaigns have been deployed across a number of social media platforms and are part of a global effort to give “millennials a reason to connect emotionally” with oil and gas firms, and to tackle their perception as “the bad guys”. When influencers that people know and respect talk about something, they’re likely to believe them.” ‘We
The next frontier is "connected chemistry," extending the internet of things to "the internet of natural resources," Beck said in 2019. In 2019, it issued a $1 billion sustainability bond , the first corporation to do so. She was known for promoting diversity and inclusion while CEO and president of Walmart Sam’s Club.
Inadequate bonding requirements means there is a serious gap in available funding to properly clean up after the fossilfuel industry. million MCF of naturalgas in 2020. This record production is fueling New Mexico’s economic recovery and providing $2.8 According to the report, it could cost as much as $8.38
That’s needed to replace grid capacity provided by four naturalgas-fired power plants on the Southern California coast that use seawater for cooling, and have been ordered to close as soon as possible to reduce their environmental impact. storage market to grow by more than 7 times from 2019 to 2021.
” Specifically, Inovyn is monitoring the progress of carbon capture technology for making blue hydrogen via natural-gas-fueled electrolysis. Green hydrogen is about four times as expensive to produce as hydrogen derived from fossilfuels today. Ineos recorded revenue of $85 billion in 2019.
Carbon emissions from energy stayed the same in 2019 despite expectations of further growth, latest International Energy Agency data indicates. per cent in GDP terms, data released today by the IEA indicates - defying expectations the growth trend would continue in 2019.
Despite the rapid growth of renewable energy over the past decade, fossilfuels still dominate global energy consumption. According to BP’s recently-released Statistical Review of World Energy 2019 , fossilfuels represented 84.7% of global energy consumption in 2018.
Load factors for offshore wind power installed from 2022 onwards are based on information provided in the Contracts for Difference scheme for renewable electricity generation Allocation Round 3 (2019). This load factor = 0.584. It also considers the potential for net imports or exports of energy through interconnectors. 2016-2021).
In the late 2000s, the fossilfuel conglomerate Woodside Energy petitioned to build a liquid naturalgas processing plant 30 miles north of Broome, on a peninsula known in English as James Price Point, and to the Goolarabooloo as Walmadany. Inviting “whitefellas” to walk the songline had never been about tourism.
gigawatts of new resources by 2023 to help make up for the capacity to be lost from the pending closure of natural-gas-fired power plants along Southern California’s coast. megawatt/730-megawatt-hour project from Tesla being built near a natural-gas plant in the Monterey County community of Moss Landing.
The fossilfuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. According to the 2019 BP Statistical Review of World Energy , U.S.
The clean-burning fuel does not produce carbon emissions upon consumption and so can replace fossilfuels in many sectors including heavy industry, transportation and heating. Currently, the majority of hydrogen around the world is produced from fossilfuels (76% from naturalgas, 23% from coal).
Provisional data shows greenhouse gas emissions have fallen more than 45 per cent since 1990, as low carbon power again reached record levels in 2019. The UK's domestic greenhouse gas emissions fell 3.6 In 2019 total UK greenhouse gas emissions were 45.2 per cent lower than in 1990, following a 3.6
government’s recently released hydrogen strategy—a thoughtful plan to create and use clean hydrogen—contains an implicit acknowledgement: the world is moving away from fossilfuels and toward low-carbon alternatives. isn’t the only jurisdiction to see clean hydrogen as the new naturalgas. s naturalgas industry?
Oil and gas companies have for years marketed fracked gas from B.C. as a global climate solution, with some industry boosters even going so far as to call Canada’s supply of the fossilfuel the “cleanest in the world.” C is to stop building new fossilfuel projects.
billion in battery tech in the first half of 2019 alone. The rapidly increasing penetration of stationary storage will begin to make naturalgas plants uneconomical, and much fossilfuel-related infrastructure will become stranded.
Heat makes up 35 percent of global energy consumption, and when it comes to space heating, direct combustion of fossilfuels in buildings plays a dominant role across the globe and is a major source of greenhouse gas emissions. Naturalgas and fuel oil satisfy 60 percent of heating needs of households in Europe.
But these tools proved unexpectedly useful when the Aliso Canyon natural-gas leak jeopardized fuel supplies for Southern California power plants. Hawaii also faces unusually high fuel costs because fossilfuels must be shipped there; solar-plus-storage beat incumbent power sooner there than on the mainland.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content