EQT Corp. and Diversified Energy joined The Oil & Gas Methane Partnership 2.0 in June 2021 and May 2022 respectively.
Even with global efforts to address climate change and reduce emissions that include trillions of dollars of investment, the planet is on course to warm by 2.2 C by the year 2100, the latest “Energy Transition Outlook” from DNV reveals.
Exxon Mobil joins Solent Local Enterprise Partnership and the University of Southampton to form The Solent Cluster, the first major decarbonization initiative to reduce CO₂ emissions across the Solent region and Southern England.
Industry leaders shared insight during a recent hydrogen conference on the need for hydrogen infrastructure to help reach decarbonization goals.
Per current climate pledges from countries around the world, the planet is on track to increase in temperature by 2.5 C by 2100, according to the U.N.
As well as the oil and gas sector, Deutsche also announced targets for three other high-emitting sectors: power generation, autos and steel.
Panelists at DNV’s 2022 Energy Transition Outlook shared how Denmark is advancing offshore wind through the development of energy islands and other initiatives in the renewables space.
“Decades of procrastination have transformed what could have been a smooth transition to a more carbon-neutral society into what will likely be a more challenging one,” the IMF warned in a recent report.
Indian Prime Minister Narendra Modi wants the country to cut emissions by 60 million tonnes per year by 2030 while serving the world as an industrial powerhouse.
Occidental Petroleum is also maneuvering itself into a provider of carbon-neutral oil, which it first shipped to India’s Reliance Industries in 2021, Vicki Hollub, CEO of the Houston-based company, told a London audience.