Shell 2050 Net Zero Carbon. Includes Plan for Hydrogen and Carbon Capture Sequestration
Shell’s target is to become a net-zero emissions energy business by 2050, in step with society’s progress in achieving the goal of the UN Paris Agreement on climate change. READ MORE.
Chevron $3B in Carbon Reduction, Renewables and Offsets, 10% of Employee Variable Pay Linked to Their Energy Transition Strategy
Additional oil and gas supply will be needed to meet rising energy demand over the next 20 years— including in scenarios aligned with the Paris Agreement and UN Sustainable Development Goals. The International Energy Agency’s (IEA’s) Sustainable Development Scenario (SDS) projects that oil and gas will make up nearly half of global energy supply in 2040. READ MORE.
Kinder Morgan Forms New Energy Transition Ventures Group
Kinder Morgan Inc. has formed a new Energy Transition Ventures group to identify and pursue commercial opportunities within the low-carbon sector. The company is one of the biggest in the oil and gas infrastructure sector, with close to 85,000 miles of pipelines and 144 terminals either under ownership or interest, according to reports. READ MORE.
Total Net Zero Emission by 2050, Devote 20% of Capital Expenditures to Low-Carbon Electricity by 2030
Total announces today its ambition to get to net-zero emissions by 2050 together with society for its global business across its production and energy products used by its customers.
Through a joint statement developed between Total S.A. and institutional investors – as participants in the global investor initiative Climate 100+. READ MORE
ExxonMobil Estimates Carbon Capture Sequestration will be a $2 Trillion Market by 2040
The company is advancing plans for >20 new CCS opportunities. They are currently number one in CO2 capture and number 2 in CO2 pipelines and C02 geological storage. ExxonMobil estimate hydrogen will be a $1 trillion market by 2040. They are currently producing 1.3 Mta and looking to scale.
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