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(Reuters) – Saudi oil giant Aramco, top oilfield services company SLB and Linde, the world’s largest industrial gases company, have signed an agreement to build a carbon capture and storage project in Jubail, Saudi Arabia. Aramco will own 60% of the project while SLB and Linde will hold 20% each, the companies said in a joint statement on …
Aramco, SLB and Linde Plan to Build Carbon Capture Project Read More »
The annual U.N. climate summit began on Monday with some prominent leaders planning to skip the event ahead of tough talks on finance and trade, after a year of weather disasters that have emboldened developing countries’ demands for cash. Delegates gathering in Azerbaijan’s capital, Baku, hope to resolve the COP29 summit’s top agenda item – …
Trump Worries and Leader Absences Cloud COP29 Climate Summit in Baku Read More »
Win empowers him to attack climate policies he’s dubbed a scam Republican will also push policies to produce more oil and gas Donald Trump’s victory promises to shake up US energy and environmental policy, with sweeping implications for oil production, offshore wind development and electric vehicle sales. The win empowers him to deliver on his …
From Oil to EVs, Here’s What a Trump Victory Means for Energy Read More »
Summary Trump pledges rollback of Biden’s climate law as a top priority Trump allies, fundraisers benefit from the IRA’s key tax credits At least 7 allies, or the companies they run, hold investments in projects eligible for IRA subsidies WASHINGTON, Oct 25 (Reuters) – Donald Trump has promised to gut U.S. President Joe Biden’s climate subsidies if elected. But …
Trump Hates Biden’s Climate Law But His Allies are Making Money From It Read More »
Purchases of carbon offsets last year fell for the first time since 2016, according to an analysis of 260,000 publicly available transactions. (Corrects the percentage decrease in demand for offsets in the 2nd paragraph of a story originally published on Nov. 27, 2023, and related figures in the first two charts.) Carbon offsets once looked primed …
Companies Are Dropping Carbon Offsets, But Still Buying the Worst Ones Read More »
Exxon Mobil said on Thursday it has acquired state leases for over 271,000 acres in Texas state waters for an offshore carbon dioxide (CO2) capture operation. The lease with the Texas General Land Office follows Exxon’s 2021 bid for federal land off the Texas coast for CO2 capture, and its emergence as a high bidder on …
Exxon Secures Over 271,000 Acres in Texas waters for Offshore CO2 Capture Read More »
Kerry urges industry to back CCUS talk with workable projects Former climate diplomat helped broker fossil COP28 deal John KerryPhotographer: Benjamin Girette/Bloomberg John Kerry, the Biden administration’s former top climate diplomat, said the oil and gas industry must prove carbon capture can play a meaningful role lowering emissions or face a quicker-than-expected transition away from …
Oil Industry Yet to Prove Carbon Capture Viable: Kerry Read More »
Back in 2007, the Alberta and federal governments established a task force on carbon capture and storage (CCS) as a way of reducing emissions from oil, gas, and energy operations. That led to a report in 2008 that said: “CCS is seen as a technological solution that allows Canada to continue to increase its energy …
(Reuters) – Energy major Exxon Mobil said on Thursday it has entered into a carbon capture and storage (CCS) agreement with ammonia producer CF Industries. Carbon capture is a process through which carbon dioxide (CO2) generated from industrial activity is stored underground. The process has been embraced by oil companies including Chevron, Occidental Petroleum and Talos Energy. …
Exxon Mobil, CF Industries Sign Carbon Capture and Storage Deal Read More »
While Strathcona will own and operate the assets, it will evenly split the upfront capital costs with the federal Canada Growth Fund Bloomberg News Canadian driller Strathcona Resources Ltd. is planning as much as $2 billion in projects to capture carbon dioxide emissions from its oilsands operations, helped by backing from a Canadian public investment vehicle. While Strathcona will …
Strathcona Plans $2 Billion in Oilsands Carbon-Capture Projects Read More »
