Given that the world will rely on fossil fuels for decades, even with the most stringent government policies to reduce energy use, oil companies face their own climate emergency. How can they retain social legitimacy?
Chevron Corp. aims to reduce the intensity of greenhouse gas emissions from its oil production by 5% to 10% over a seven-year period ending 2023 as part of an ongoing effort to combat global climate change, the company said on Oct. 3.
Occidental started on Oct. 3 its first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin.
A group backed by anonymous donors launched a campaign on Sept. 30 to promote the benefits of cheap, abundant natural gas against what it called "radical" proposals like the Green New Deal that would phase out use of the fossil fuel.
The move has turned RWE into Europe's third-largest renewables group after Spain's Iberdrola and Italy's Enel. It has also become the world's No.2 operator of offshore wind farms behind Denmark's Orsted.
Shell’s top brass wrestled with a dilemma that has since beset every major oil and gas company. How should a company that generates most of its profits by meeting the world’s still-robust demand for oil and gas navigate the future as the political tide turns increasingly against fossil fuels?
Atlassian Corp. co-founder Mike Cannon-Brookes has pledged to help fund an ambitious A$20 billion (US$14 billion) project to supply solar power from northern Australia to Singapore by a subsea cable, an Australian newspaper reported on Sept. 25.
A who’s who of the global oil industry sketched out a persistent role for fossil fuels on Monday, blocks away from the UN where 66 nations pledged to reach “net zero” carbon emissions by the year 2050.