Net Zero

ExxonMobil, Chevron Investors Green Light Some Improved Climate Disclosures

ExxonMobil, Chevron Investors Green Light Some Improved Climate Disclosures

Shareholders made demands mostly around reducing carbon emissions, but the fireworks that lit up annual meetings last year were missing for ExxonMobil and Chevron Corp.  Investors overall stuck with board recommendations at the two events in late May. However, there was more support for increased climate disclosures. At the ExxonMobil annual meeting last week, 52%…

June 3, 2022
Suncor Shifting to Renewables, Hydrogen and Selling Wind and Solar Assets

Suncor Shifting to Renewables, Hydrogen and Selling Wind and Solar Assets

Calgary-based Suncor Energy Inc. announced plans Monday to sell its wind and solar power assets to shift the focus of its environmental products division to renewable fuels and hydrogen. “We are adjusting our portfolio for fit and focus,” President Mark Little said.  No target date and no  asking prices were announced for divesting the green…

April 5, 2022
Enbridge, Pembina, Shell, Suncor and TC on Short List for Alberta CCUS

Enbridge, Pembina, Shell, Suncor and TC on Short List for Alberta CCUS

The Alberta government announced a first shortlist Thursday of eligible bidders for provincially owned geological formations needed for carbon capture, utilization and storage (CCUS) sites. “If developed, these hubs will help safely grow and diversify Alberta’s energy sector and reduce emissions for multiple industries,” said the provincial government.  CCUS projects would reflect a key provincial…

April 1, 2022
Southern Company Unit Sees ‘Foundational’ Natural Gas Role on Path to Net Zero

Southern Company Unit Sees ‘Foundational’ Natural Gas Role on Path to Net Zero

Natural gas, along with existing infrastructure, could underpin efforts by Southern Company Gas to reach net zero direct greenhouse gas (GHG) emissions by 2050, according to a new study conducted by consulting firm ICF International Inc. “We are committed to finding sustainable clean energy solutions without burdening our customers,” said Southern Company Gas CEO Kim…

April 1, 2022
BP’s Robust Natural Gas, Oil Profits to Fuel Green Pivot, Says Looney

BP’s Robust Natural Gas, Oil Profits to Fuel Green Pivot, Says Looney

BP plc CEO Bernard Looney said Tuesday natural gas and oil production may be cut sharply by the end of the decade, but the annual profits from the core business are going to be more than enough to transition to sustainable, low-carbon projects.  Investments in greener energy sources are slated to grow by double-digits to…

February 8, 2022
Nebraska Utilities Commit to Net Zero Carbon Emissions by 2050

Nebraska Utilities Commit to Net Zero Carbon Emissions by 2050

Nebraska is the latest state to commit to net zero carbon emissions as its three major utilities now have directives in place. Last week, the Nebraska Public Power District (NPPD) board voted 9-2 in favor of reaching the target by 2050. Last year, Lincoln Electric System (LES) said it would get to net zero by…

December 21, 2021
ExxonMobil Envisions Carbon-Neutral Permian Operations by 2030

ExxonMobil Envisions Carbon-Neutral Permian Operations by 2030

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

December 13, 2021
ExxonMobil Targeting Net Zero Emissions in the Permian by 2030

ExxonMobil Targeting Net Zero Emissions in the Permian by 2030

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

December 6, 2021
BP Expands Carbon-Offset LNG Trade to Asia-Pacific Region

BP Expands Carbon-Offset LNG Trade to Asia-Pacific Region

In its bid to build its market in the Asia-Pacific region, BP plc said it delivered its first carbon-offset liquefied natural gas (LNG) shipment to Taiwan. The shipment to Taiwan’s state-owned CPC Corp. by BP Singapore Pte. Ltd. arrived earlier this month at the Yung An terminal. Supply was sourced from BP’s LNG portfolio.  “Natural…

September 10, 2021
Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Construction on the Golden Pass liquefied natural gas (LNG) export project in Texas is progressing, with the facility on track to come online in 2024, according to ExxonMobil. ExxonMobil Qatar President Dominic Genetti said recently there are currently about 4,000 people at the worksite for the three-train, 16 million metric tons/year (mmty) facility. “I think…

September 9, 2021
‹ Previous 1 2 3