The global push to reach net-zero emissions and meet the world’s future energy needs will cost trillions of dollars and require far more than renewable technologies, according to energy executives. “We’re still at that very early phase where we make these grand pronouncements and we’ve tried to jumpstart the machine without fully understanding, communally, the…
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Iowa’s ‘Plausible’ Net-Zero Pathway Calls for Surge in Natural Gas Generation
While Iowa could require 35-199 GW of additional installed wind capacity to meet net-zero carbon emissions by 2050, land use ordinances and regulatory hurdles leave the door open for natural gas to play a role in decarbonizing, according to estimates. As of 2020, wind comprised about 57% of Iowa’s electricity supply, according to researchers with…

Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition
Shell plc’s energy transition strategy got a thumb’s up Tuesday from shareholders during an annual general meeting that was disrupted for hours by protestors. During a live feed of the proceedings in London, demonstrators shouted insults and sang protest songs, which led Chairman Andrew Mackenzie to formally delay the event. Before police arrived, some protestors…

France Counting on Nuclear Power to Help Replace Natural Gas, Other Fossil Fuels
France plans to build at least six nuclear reactors, and possibly another eight, under the latest national low carbon strategy unveiled by President Emmanuel Macron earlier this month. The strategy is designed to eventually replace fossil fuels like natural gas with nuclear and renewables to achieve the country’s 2050 net zero target. Six European Pressurized…

AGA Touts Natural Gas Utilities as Essential for U.S. Economy to Achieve Net-Zero Emissions
Natural gas utilities should play a vital role in driving the U.S. economy toward the country’s collective goal of net-zero greenhouse gas (GHG) emissions. However, each utility will have to invest in evolving technology and infrastructure, the American Gas Association (AGA) said Tuesday. The AGA’s leaders said in a new report the United States can…

ExxonMobil Eyes Operations-Wide Goal to Slash Emissions to Net Zero by 2050
ExxonMobil has set a far reaching goal to reduce carbon emissions from its major operated assets by 2050, a strategy that it said has been “tested for resiliency” against a range of scenarios. The reduction in direct and indirect greenhouse gas (GHG) emissions across the operations pares with a plan unveiled in December to reach…

Biden, Trudeau, López Obrador Pledge to Curb Oil and Gas Methane Emissions in Trilateral Summit
President Biden, joined by Canadian Prime Minister Justin Trudeau and Mexico President Andrés Manuel López Obrador on Thursday pledged to create a “North American strategy on methane and black carbon” during a trilateral summit this week in Washington, DC. The strategy will aim “to reduce methane emissions from all sectors, especially oil and gas,” the…

Energy Transition ‘Urgency’ Driving Low-Carbon Investment, Says Baker Hughes CEO
Houston-based Baker Hughes Co. is on the prowl to secure stakes in low-carbon ventures and bring deep-pocketed partners on board as it revamps its energy technology portfolio. Shell Global Solutions BV earlier this month signed a broad memorandum of understanding (MOU) with the energy technology giant. Royal Dutch Shell plc and Baker have set goals…

Williams Leveraging Natural Gas Footprint to Advance RSG, RNG and Zero-Carbon Initiatives
The natural gas industry may no longer equivocate about whether to responsibly produce and transport lower carbon fuel, as customers are lining up in North America and abroad, according to a Williams executive. At the LDC Natural Gas Forum held earlier in October in New Orleans, Williams’ Angela John shared the midstream infrastructure giant’s strategy…

Chevron Updates 2050 Net-Zero Targets, Sees Australian LNG a Keeper Longer Term
Chevron Corp. is aiming by 2050 to reach net-zero carbon in its equity upstream operations, with more capital set to be poured into alternative energies and improved efficiencies across the traditional global oil and natural gas businesses. The San Ramon, CA-based integrated major has adopted a net-zero pledge within 30 years for Scope 1 (direct)…