Energy Transition

The Latest

Investment

Vitol Acquires First Large US Wind Asset from BlackRock

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.

April 21, 2021

Energy Transition

Chevron, Toyota Pursue Strategic Alliance on Hydrogen

Energy and automaking giants will focus on hydrogen public policy to develop infrastructure, the markets for EVS and joint R&D activities.

April 21, 2021

Policy & Regulations

Several US States Urge Biden to Phase Out Gas-powered Vehicles by 2035

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.

April 21, 2021

Policy & Regulations

PATH FORWARD: Effect of Joe Biden’s Climate Policies on Oil and Gas

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.

April 21, 2021

Business

NextEra Expands US Wind Energy Portfolio in $733 Million Deal

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.

April 20, 2021

Markets

IEA Issues ‘Dire Warning’ on Emissions Driven by Resurgence in Coal

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.

April 20, 2021

Public Capital

Exxon Mobil Floats $100 Billion Carbon Storage Project Near Houston

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.

April 20, 2021

Public Capital

Equinor Urges Shareholders to Reject Scope 3 Emissions Targets in Energy Transition Plan

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.

April 19, 2021

Business

Clean Crude? Oil Producers Use Offsets to Claim Green Barrels

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.

April 19, 2021

International

China, US Agree on Need for Stronger Climate Commitments

The world’s two largest emitters of greenhouse gases plan to announce stronger pledges before the Glasgow talks in November.

April 19, 2021