Baker Hughes on Dec. 11 revealed a significant new advancement supporting its commitment to achieving net-zero carbon equivalent emissions by 2050 by entering into an agreement to purchase 100% of its Texas electricity from renewable sources. The agreement will eliminate 12% of the company’s global carbon equivalent emissions and will result in a reduction of 1.2 million metric tons of CO2 eq. emissions over the 10-year term of the agreement—the equivalent of removing more than 27,000 cars from the road.
In January 2019, Baker Hughes committed to reducing its CO2 eq. emissions 50% by 2030 and to achieve net-zero CO2 eq. emissions by 2050. It also committed to partnering with customers to advance low-emissions technologies and to invest in emissions reduction technologies. Through 2018, Baker Hughes has already reduced its own CO2 eq. emissions 34% since 2012. This new renewable energy agreement represents the next major reduction on the road to net-zero emissions.
Designed in collaboration with Energy Edge Consulting and EDF Energy Services, the agreement combines renewable energy from the Texas-based White Mesa Wind project, owned and developed by Apex Clean Energy and the Talitha solar project, owned and developed by 7X Energy. The combination of wind and solar assets creates an energy production profile that aligns with Baker Hughes’ electricity use patterns around the clock and is more beneficial than purchasing all of the company’s Texas energy needs from a single renewable asset.
“With more than 170 Baker Hughes facilities in the state, Texas represents our largest region for energy use,” Kevin Wetherington, Baker Hughes chief health, safety, environment and quality officer, said. “We see this commitment to Texas-generated renewable power as an important step in our progress toward net-zero emissions, and we have many more projects underway to continue to reduce our global emissions.”
This latest effort builds on the use of renewables in other areas around the globe, including the U.K., where 24 Baker Hughes facilities have used 100% wind power since 2014. Renewable hydroelectric energy is now used at Baker Hughes’ campus in Celle, Germany, and on-site solar power is utilized at its sites in Billerica, Mass., U.S., and Vibo, Italy, among others.
Several U.S. LNG export plants stepped up to supply more of the super-cooled fuel even though Cameron LNG's facility in Louisiana remains shut due to lingering power problems after Hurricane Laura.
Four ships were attacked, UAE says, calling it an effort to undermine the security of crude transport.
Crude exports from Saudi Arabia, the world's largest oil exporter, extended a decline in June to the lowest on record as global demand remained squeezed by the COVID-19 pandemic.