net-zero

The UK government has unveiled an ambitious strategy to reach net-zero greenhouse gas emissions by 2050 that would significantly curb reliance on oil and natural gas without phasing them out completely.  The nearly 400-page plan details policies and proposals that build on a “Ten Point Plan” released last year by Prime Minister Boris Johnson. The…

The United States is teaming up with Canada, Norway, Qatar and Saudi Arabia to target net-zero greenhouse gas (GHG) emissions from the five countries, all of which are major oil and gas producers. The countries, which together account for about 40% of global oil and gas production, jointly said on Friday they are establishing a…

A new report by Columbia University’s Center on Global Energy Policy has found that investing in the U.S. natural gas pipeline network could be crucial to helping the United States reach its 2050 net-zero emission goals. “Fortifying and upgrading the system could prepare the existing infrastructure to transport zero-carbon fuels as they become available and,…

Investment firm 8 Rivers Capital LLC has unveiled plans to build what could be the first pair of net-zero natural gas-fired power plants in the world. One facility would be in Decatur, IL, with a second on the Southern Ute Indian Reservation in Colorado. Each would generate 280 MW. The announcements follow plans by utilities,…

Southern California Gas Co. (SoCalGas) on Tuesday set aggressive carbon reduction goals, pledging that its natural gas utility operations would achieve net zero emissions by 2045. Citing the global United Nations climate accord reached in late 2015, the Sempra Energy utility joined other U.S. gas distributors that have made greenhouse gas (GHG) reduction commitments. The…

In the most ambitious makeover in its century-old history, Royal Dutch Shell plc is throttling back oil production as it inches toward a low-carbon future, but for natural gas, global opportunities abound. During wide-ranging presentations on Thursday for the energy major’s Strategy Day, the executive team etched out a roadmap to retool, designed to reach…

Equinor ASA continued to advance its worldwide energy portfolio during 2020, with a long-term strategy set on becoming a net-zero emissions leader relying less on fossil fuels. The management team held court with analysts and investors on Wednesday to share results for 2020 and the outlook going forward. Mirroring comments made by Big Energy CEOs…

The world’s first comprehensive roadmap for the energy sector, designed to help governments and companies reach net-zero emissions by 2050, is set to be issued later this year as climate change issues dominate, according to the International Energy Agency (IEA). The global energy watchdog said the report, to be issued in May, would “set out…

Houston-based Occidental Petroleum Corp. is aiming for net-zero carbon emissions, but rather than investing in renewables, it plans to capture and then reuse the carbon from its global oil developments, CEO Vicki Hollub said Tuesday. During a third quarter conference call, Hollub and the executive team offered details about the sweeping strategy to boost oil…