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September 16, 2021
Energy Editor

Banks backs new UK oil field despite net-zero pledge

LONDON: Seventy-five miles west of the Shetland Islands there is a new oil field project known as Cambo. It’s owned by Shell and a private-equity backed firm called Siccar Point Energy. They have applied for a licence from Boris Johnson’s government to start…
September 16, 2021
Energy Editor

European energy powers up GHG emissions reduction

LONDON: Latest data from the Science Based Targets initiative (SBTi), enabling companies to set GHG emissions reduction targets, says while 18 European power companies have approved science-based targets, the US only has one – NRG Energy. The Houston,…
September 14, 2021
Energy Editor

Chile to produce green methanol for Porsche from 2022

PUNTA ARENAS, Chile: Highly Innovative Fuels (HIF), part of the Chilean power company AME, is to produce 130,000 litres of virtually CO2-neutral fuel (eFuel) a year from 2022 in a project that also includes Siemens Energy, Porsche, Enel, ExxonMobil, Gasco and…
September 09, 2021
Energy Editor

Russia ignores leave coal in the ground call with bond issue

LONDON: A study by University College London (UCL) says nearly 60 percent of both oil and fossil methane gas and almost 90 percent of all coal must remain in the ground by 2050 in order to keep global warming below 1.5°C. The findings, published in Nature,…
September 08, 2021
Energy Editor

GEODIS offers multimodal SAF option to customers

LEVALLOIS-PERRET, France: Logistics company GEODIS is offering customers the opportunity to reduce their Scope 3 emissions using Sustainable Aviation Fuel (SAF) for shipments via land, sea and air worldwide. The SAF is derived from food and agricultural waste…
September 03, 2021
Energy Editor

Little time left to avoid "catastrophic climate change"

OSLO: As New York and New England residents assess the damage caused by historic flash-flooding this week, Norwegian classification society DNV has repeated its prediction global warming will reach 2.3°C by 2100. Scientists say this will lead to a a sea-level…
August 19, 2021
Energy Editor

Maersk picks supplier of e-methanol for Sealand feeder

COPENHAGEN: Danish renewable energy company European Energy and subsidiary REintegrate are to supply A.P. Moller – Maersk with 10,000 tonnes of carbon neutral e-methanol to power the company’s first green-power feeder vessel due for delivery in 2023. Based in…
August 12, 2021
Energy Editor

Oil and gas industry told to transform

LONDON/NEW YORK: The Intergovernmental Panel on Climate Change (IPCC) report, published this week, finds that unless there are immediate, rapid and large-scale reductions in greenhouse gas emissions, limiting global warming to 1.5°C or even 2°C will be beyond…
July 29, 2021
Energy Editor

bp helps find an alternative to producing fossil fuel

COPENHAGEN: Energy major bp has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to help the maritime sector migrate away from fossil-fuel use. The Center says 70,000 vessels produce three percent of the world’s carbon emissions from the…
July 22, 2021
Energy Editor

Airbus joins new Canadian green fuel SAF group

TOULOUSE/QUEBEC: Airbus has joined a Canadian consortium of Air Transat, Hydro-Quebec, Aéroports de Montréal, Polytechnique Montréal and Aéro Montréal to develop sustainable aviation fuel (SAF) technology. The goal is to make Montreal a SAF hub producing…
July 19, 2021
Energy Editor

US emissions reduction plan faces fossil fuel backlash

NEW YORK: The latest outlook on US greenhouse gas (GHG) reduction by the Rhodium Group says the country is on track to reduce emissions 20-22 percent below 2005 levels by 2025 and 20-26 percent by the end of the decade. Depending on the pace of US…
July 16, 2021
Energy Editor

GoodShipping is ‘Fit for 55’

AMSTERDAM: Dirk Kronemeijer is founder and CEO of marine biofuels supplier and marketer GoodShipping and GoodFuels. He explains what the European Commission’s ‘Fit for 55’ emission-reduction proposals mean for the maritime shipping industry: “ For the very…

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