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)…
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Exelon Pouring $300M into Nuclear Upgrades as Illinois Targets 100% Clean Energy by 2050
Exelon Generation plans to invest more than $300 million in capital projects to upgrade its nuclear power plants in Illinois as a result of sweeping clean energy legislation passed last month. Gov. J.B. Pritzker in mid-September signed Senate Bill (SB) 2408 to put Illinois on a path toward 100% renewable energy by 2050. The bill…
October 12, 2021
Sproule Sees CCUS Driving ‘Tremendous’ Growth as Carbon Prices Climb
Underground carbon disposal has to increase 172-fold to hit the global greenhouse gas (GHG) cleanup target set by the International Energy Agency (IEA), according to an industry review by consulting firm Sproule Associates. The role for carbon capture, utilization and storage (CCUS) as outlined by IEA in August, spells “tremendous growth and revenue generation,” said…
October 8, 2021
Low-Carbon Hydrogen on ‘Cusp of Significant Cost Declines,’ Global Growth, Says IEA
Low-carbon hydrogen could fulfill its potential to help the world reach net-zero emissions, but not without government support, the International Energy Agency (IEA) said Monday. In its Global Hydrogen Review 2021, the world’s energy watchdog said production today is minimal, costs are not yet competitive and its use in “promising” industry and transport sectors remains…
October 5, 2021
Schlumberger Gearing Portfolio to Reach Net-Zero Carbon by 2050
Schlumberger Ltd., the world’s largest oilfield services company, has joined its energy peers in committing to reach net-zero carbon emissions across the oil and gas value chain by 2050. The company said Tuesday it has spent 18 months analyzing and working with experts to produce a decarbonization plan. The focus is to reduce emissions from…
June 23, 2021
DOE Looking to Shrink Cost of Hydrogen in Net-Zero Drive
In the first stage of its latest program to expedite advancements in cleaner energy solutions, the U.S. Department of Energy (DOE) is aiming to reduce the cost of hydrogen from $5.00/kilogram to $1.00 within one decade. While the energy industry has started to add hydrogen to its mix, there are still several obstacles in the…
June 9, 2021
BP’s Alvarez Calls on Natural Gas Industry to Decarbonize, Support Customers in Energy Transition
Protecting the role of natural gas in the global energy mix long-term is centered around cleaning up methane, a top BP plc executive said Tuesday. BP Energy Co. CEO Orlando A. Alvarez assured an audience at the 21st annual LDC Gas Forums Southeast conference that gas would play an integral role in the world’s energy…
June 8, 2021
Sempra’s SoCalGas, Los Angeles Utility Partner in Hydrogen Initiative
The nation’s largest municipal utility and largest investor-owned natural gas distributor have joined a green hydrogen-buying coalition, HyDeal LA, to create commercial-scale buying for the Los Angeles area. Sempra Energy’s Southern California Gas Co. (SoCalGas) and the Los Angeles Department of Water and Power (LADWP) have joined the effort to “achieve at-scale green hydrogen procurement”…
May 18, 2021
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