The road to net zero will require closing technology gaps, collaboration, policy and realism among other steps, energy experts say.
All types of renewables will be needed to help reach carbon emissions reduction targets, the CEOs say.
PepsiCo Inc. has signed two agreements with Ørsted on Jan. 14 to purchase a portion of energy from the 298 MW Haystack wind project in Nebraska and the 367 MW Western Trail wind project in Texas.
The acquisition of Big Sky Wind from a fund managed by BlackRock will be Vitol’s first large U.S. wind generating asset and adds to its growing renewables portfolio, in the U.S. and globally.
Energy and automaking giants will focus on hydrogen public policy to develop infrastructure, the markets for EVS and joint R&D activities.
In a letter that was seen by Reuters, the governors of a dozen U.S. states including California, New York, Massachusetts and North Carolina called on President Joe Biden to back ending sales of new gasoline-powered vehicles by 2035.
As Biden’s presidency nears 60 days, Alex Dewar, energy expert with Boston Consulting Group, explains how climate change is standing out as one the highest priorities of the new administration and how that is affecting the oil and gas industry.
NextEra Energy Partners said April 19 it had entered into a definitive agreement to acquire the portfolio comprised of four operating wind assets facilities in California and New Hampshire, totaling 391 MW, from Brookfield for $733 million.
This year’s projected nearly 5% rise in global CO₂ emissions—the largest single increase in more than a decade—will likely be driven by a resurgence in coal use in the power sector, IEA Executive Director Fatih Birol says.
The plan would require "$100 billion or more" from companies and government agencies to store 50 million metric tons of CO₂ by 2030, says Joe Blommaert, president of Exxon Mobil’s Low Carbon Solutions business.
Equinor has pledged to boost investment in renewables and has set a long-term goal to cut greenhouse gas emissions to net-zero by 2050, including from the use of its products by customers.
Oil and gas companies worldwide are increasingly trying to market their products as cleaner, including by buying credits, powering drilling operations with renewable power and investing in technology to capture and store emissions.
The world’s two largest emitters of greenhouse gases plan to announce stronger pledges before the Glasgow talks in November.