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The uncertainties centre on Equinor’s backing for new “net zero” gas-fired power plants fitted with technology to capture carbon dioxide (CO2) billowing from their smokestacks, and bury the gas in disused oil and gas fields under the North Sea.
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.
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.
Following a 10-year analysis of the scale of methane leakage at almost 1,000 AD plants across the UK and Europe, Tim Elsome, General Manager of biogas specialists FM BioEnergy, outlines why now is the ideal time to tackle unidentified biogas leaks – and how to protect your plant, profits and the planet. The risks of doing nothing.
They shared how they are helping neighbors in the places they call home, addressing the intertwined issues of equity and climate, and studying this crisis in order to build stronger businesses. Paul Francis, CEO of KIGT , shared his vision for making electric vehicles more accessible in more communities. ” ? .
Tackling methane from oil and gas operations among 'best near-term opportunities’ for combatting climate change, IEA argues. Methane, which is largely released from abandoned coal mines, oil and gas operations, and farming, has a far greater global warming potential than CO2.
In 2020, the European Commission ran an extensive cross-sector sweep of websites to identify instances of greenwash.They found that in 42% of cases, green claims were exaggerated, false, or deceptive. It’s used to gain a financial advantage that’s often short lived and can expose businesses to long-term financial risk.
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”. . A project capturing emissions from coal production at the Petra Nova plant in Texas was shuttered in 2020 following numerous problems and missed targets. .
Sean Hackett EDF+Business Senior Manager, Energy Transition By Sean Hackett The past year has seen a slew of historic climate investments and a growing focus among businesses and the finance sector on opportunities in the energy transition.
This month, we’re spotlighting our annual DEMO Day event, which in 2020 evolved into the Greentown Labs Climatetech Summit. In 2020, we took DEMO Day to the next level. Curtatone , Massachusetts Clean Energy Center then-CEO Alicia Barton , EnerNOC CEO Tim Healy , and Greentown CEO Emily Reichert. 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.
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
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.
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.
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. In October 2020, B.C.
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.
To identify the powerful actors most actively lobbying against these key EU regulations and policies, DeSmog analysed corporate reports, lobbying records, official position papers, responses to public EU consultations, media events, and meetings held with various EU bodies over the past two years. These groups spent at least a combined €45.9
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.
Emissions include carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O) and (commonly measured through what is known as carbon dioxide equivalents or CO2e). We have observed a steady stream of record breaking warming and 2020 is expected to set another heat record. The impacts of GHGs are being felt here and now.
In 2020, the European Commission ran an extensive cross-sector sweep of websites to identify instances of greenwash.They found that in 42% of cases, green claims were exaggerated, false, or deceptive. It’s used to gain a financial advantage that’s often short lived and can expose businesses to long-term financial risk.
The latest report from the Energy Transitions Commission has set out a roadmap for how the world can move on to a 1.5C It is hard to fault the UN for naming the 2020s the 'decade of action'. It is a daunting task, but one governments and businesses have no option but to complete if they want to avert a rolling climate crisis.
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.
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.
Last month was the warmest November on record, and 2020 is expected to be one of the hottest years on record. These concerns are reiterated and amplified in the 2020 Emissions Gap Report. The 2020 forecast suggests we are on track to exceed these limits by a considerable margin. gigatonnes of carbon dioxide equivalent (GtCO2e).
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. Credit: Justin Hamel. We just cashed in.”.
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. Credit: Justin Hamel. We just cashed in.”.
To minimize personal auto usage, use public transportation for your daily commute. Alternately, look into electric cars if you’re in the market for a new vehicle. When you notice something you like, such as a commitment to carbon offsetting or sustainable material sourcing, let them know with your buying power and your word.
During the World Economic Forum in Davos, Philanthropist Bill Gates, the US special presidential envoy for climate John Kerry, CEO of energy firm Vattenfall Anna Borg, and Yasmine Fouad, Egypt’s Minister of Environment, discussed the key actions utilities, governments and the private sector are planning to accelerate climate action and innovation.
The curbing of emissions to reduce the concentration of greenhouse gases such as carbon dioxide and methane in the environment. In 2015, developed countries committed to coming up with $100 billion per year by 2020 to tackle climate change in developing countries. Energy transition. Anthropogenic. Resulting from human beings.
The Looming Crisis and Awakening Opportunity 2020 was a brutal year and 2021 has been off to a rough start. 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). What is ‘Climate Intelligence’?
Integrate climate into core business. To realize its ambitions, Wall Street must integrate climate into its core business, evolving its approach to capital allocation and changing its relationships with carbon-intensive industries. As with other core financial issues, monitoring metrics is just the start. Ben Ratner.
In 2020, the world's first cell-cultured meat went on sale at Singaporean restaurant called 1880 Singapore. However, the report warns the industry is still a long way from being commercially viable, as well as being acceptable to consumers. "As warming unless urgent action is taken to tackle methane-intensive foods, such as red meat.
Jim Robbins Thu, 11/19/2020 – 01:30 This article originally was published on Yale Environment 360. And what energy product will be used both to power this city and sell to the world? And what energy product will be used both to power this city and sell to the world? This summer, a large U.S. Green hydrogen?
The initial carbon pollution fee of $15 per (tCO2e) in 2020 increases annually by $2/tCO2e plus urban-area inflation. 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.
As energy demands increase for heavier and longer-distance transport, the energy efficiency equation for fossil based-fuels becomes harder to displace. So far, electrification and hydrogen-based options have struggled to achieve sufficient energy densities. These lower-carbon fuels are only as good as their ingredients.
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.
Unveiling its new name this morning, the group said it was set to play a growing role in the UK's energy transition, through licensing and permitting carbon storage projects, monitoring the industry's emissions, testing the climate compatibility of new developments, and stewarding domestic production.
A number of leading carbon capture and storage (CCS) and carbon capture utilisation and storage (CCUS) projects are underperforming, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), which argues that under current circumstances the technology does not qualify as "a climate solution".
Leveraging the ocean’s carbon removal potential Katie Lebling Wed, 11/11/2020 – 00:30 To meet the Paris Agreement’s goal of limiting temperature rise to 1.5 Biological approaches Biological approaches, which leverage the power of photosynthesis to capture CO 2 , offer a few approaches for carbon removal. degrees Celsius 2.7
Leveraging the ocean’s carbon removal potential Katie Lebling Wed, 11/11/2020 – 00:30 To meet the Paris Agreement’s goal of limiting temperature rise to 1.5 Biological approaches Biological approaches, which leverage the power of photosynthesis to capture CO 2 , offer a few approaches for carbon removal. degrees Celsius 2.7
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. When the push for blue hydrogen began in 2020 , the price of natural gas in the United States averaged $2.05 DeSmog has mapped for the first time the major U.S.
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