A coalition of 25 state governors unveiled an ambitious plan to achieve a goal of 20 million deployed heat pumps by 2030, according to an announcement made in New York City on Thursday. This target represents a quadrupling of the 4.8 million heat pumps that were installed in the United States in 2020, as analyzed …
From February 5, 2023, the European Union will cease the purchase of petroleum products like diesel, gasoline, and lubricants from Russia. Picture Alliance | Picture Alliance | Getty Images Russia has implemented an indefinite ban on the export of diesel and gasoline to most nations. This move poses a threat to fuel supplies before winter, …
Shell Canada President Discusses Global Energy Transition at World Petroleum Congress | SEO Enhanced The Role of Oil and Gas Companies in the Global Energy Transition The fossil fuel industry has come under scrutiny for its impact on climate change. However, Susannah Pierce, President of Shell Canada, believes that oil and gas companies cannot be …
A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Major U.S. airlines raise concerns over the surge in jet fuel prices, which adds to their costs during the bustling summer …
Sultan Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC) and president of COP28 climate summit, was interviewed during the 7th Ministerial on Climate Action in Brussels on July 13, 2023. ADNOC, one of the largest oil and gas firms in the world, is expected to spend over $1 billion per month on fossil …
In a delightful turn of events, market data reveals that electricity was completely free in Norway’s largest cities on Monday. This can be attributed to the abundant rainfall throughout the summer season, which replenishes the hydro reservoirs used for electricity production. Norway’s heavy reliance on hydroelectric power means that the more it rains or snows, …
Ecuadorans have successfully voted to put an end to an oil drilling project within the precious Yasuni National Park in the Amazon reserve. This outcome, revealed on Monday, marks a significant triumph for climate democracy and is viewed as a historic event. With 59% of the votes supporting the cessation of oil exploitation in the …
Experts predict that the Bank of Canada will rely on a significant economic slowdown this fall to prevent inflation from rising further. The central bank has made progress in reducing headline inflation, with economists estimating that the consumer price index report from Statistics Canada will show a 2.9% annual inflation rate, down from 8.1% last …
Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Dan Kitwood | Getty Images News | Getty Images Experts in the energy sector anticipate that the bullish trend in European natural gas prices will endure in …
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks The U.S. Department of Energy is investing up to $1.2 billion in groundbreaking technology aimed at mitigating global warming. This technology involves large-scale direct air capture (DAC) using giant vacuums that suck carbon out of the atmosphere. Currently, DAC projects have not been …