Governments and companies have the chance today to turn carbon capture, utilisation and storage (CCUS) into a clean energy success story that will bring environmental and economic benefits worldwide. Without it, our energy and climate goals will become almost impossible to reach, write Erna Solberg and Fatih Birol.
The term “chemical recycling” should only be used for plastic waste reconverted into new plastics. If those plastics are transformed into fuels or petrochemical products, the process should be called “recovery” instead, write Shanar Tabrizi and Fanny Rateau.
Norway will finance two-thirds of a large-scale project to capture and store carbon dioxide – its second attempt to cut greenhouse gas emissions in a plan that was previously touted as the oil-producing country's moon landing.
The European Commission reduced on Monday (21 September) the number of industrial sectors eligible for compensation against higher electricity costs caused by the EU carbon market, the Emissions Trading Scheme.
PKN Orlen, Poland's largest oil refiner and retailer, this week became the first oil company in central Europe to commit to climate neutrality by 2050, with plans to invest billions in energy efficiency, solar, wind, and hydrogen.
Big oil producers are pinning their future growth on the world's insatiable appetite for plastic, researchers said Friday (4 September), in a "bet" on society's failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments.
The spectacular collapse in oil prices caused by the coronavirus pandemic has brought the costliest – and most polluting – oil projects such as tar sands to a standstill, a development some analysts say could be definitive.
A group of the world's top oil companies including Saudi Aramco, China's CNPC and ExxonMobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure on the sector's climate stance grows.
Volkswagen is set to remove production lines for all internal combustion engine vehicles from one of its key factories this year, replacing them with electric vehicle production capacity. EURACTIV's media partner, edie.net, reports.
US-based oil and gas majors are lagging well behind their European counterparts when it comes to plans for cutting emissions to comply with the Paris climate deal, according to analysis released Wednesday (24 June).
The European oil refining industry association, whose members includes Shell, BP, ExxonMobil and Total, outlined on Monday (15 June) a €650 billion plan to completely decarbonise transport fuels by 2050.
Business in oil, gas and coal is becoming increasingly unprofitable as global fossil reserves could lose around two-thirds of their value in the next 50 years, plummeting from around $39 trillion to $14 trillion, according to a study published on Thursday (4 May) by British think tank Carbon Tracker. EURACTIV Germany reports.
While fossil fuel projects are in theory excluded from EU funding, natural gas will continue to play a key role in replacing coal while helping to build a hydrogen infrastructure at least cost, EU climate chief Frans Timmermans said on Thursday (28 May).
The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say.
The April oil market crash will test the determination of majors like Shell and BP, which have recently announced goals to reach net-zero emissions by 2050, according to the International Energy Agency (IEA).
The Netherlands want to use their “unique starting position” in the gas value chain to become world leaders in the production and use of clean hydrogen, saying the fuel “can become a globally traded commodity”.
More than 80% of the highest-emitting listed companies are failing to deliver emissions reductions aligned to the Paris Agreement's 2C global warming limit, with many of them also failing to account for climate mitigation and risk strategies. EURACTIV's media partner, edie.net, reports.
Although the oil price war was triggered by the Russia-Saudi fall-out, US shale will be the first casualty, writes Robin Mills. In the process, the US will learn that producing a lot of oil at high prices is not the “energy dominance” it has made a centrepiece of foreign policy, he argues.
Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering its own cheap barrels instead after their long-standing deal to support global oil prices fell apart, seven oil sources said.
US shale producers are seeking sharp service costs cuts to deal with plummeting prices and shrinking demand, according to executives and a letter sent to top providers, driving home the oil industry’s desperate efforts to cope with a market dive.
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