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Oil majors are eying up renewable energy projects

A Greener Life

In order to make their portfolio more sustainable and respond to lower fossil fuel demand, oil majors are increasingly snapping up renewable energy projects as the pressure grows to take action on climate change. This has incentivized oil and gas majors such as BP, Equinor and Shell to invest in wind power generation.

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Ontario: Now is the time to increase renewable energy, not fossil gas

Enviromental Defense

But rather than ramping up the use of polluting fossil gas, this is the perfect moment for the province to transition to clean and safe renewable energy. Electricity nerds might be writing off the prospect of new gas plant contracts because of the forthcoming Federal Clean Electricity Regulations (CER).

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The EIA Just Released a 30 Year Energy Outlook. It’s… Not Great

Union of Concerned Scientists

According to the forecast, while economy-wide CO 2 emissions decrease from 2022 to 2037 due primarily to the growth in renewable energy replacing retiring coal plants, emissions do increase after 2037 from increased usage of natural gas. Renewable energy generation increases faster than any other technology.

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Unraveling LA’s Hydrogen Combustion Experiment

Legal Planet

Hydrogen’s supply-side has been buttressed by incentives from state and federal governments, refineries and utilities looking to extend the life of fossil fuel infrastructure, and renewable energy companies seeking to take advantage of the huge amounts of clean energy needed to produce green hydrogen.

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Fossil Fuels vs. Renewables: A Price on Reliability?

Union of Concerned Scientists

The same scenario has played out with the power plants that use fossil fuels, predominantly methane (“natural”) gas, delivered by pipelines. The electric power system is trapped by gas-dependent power plants that cannot obtain gas when it needs it to keep the lights on. It’s a vicious feedback loop.

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The European Energy Transition is well underway and accelerating

Edouard Stenger

Renewables now account for 44% of the EU electricity mix and wind power is now producing more electricity than natural gas. At the beginning of the year Spain, Germany and the Netherlands announced that they generated 50 % of their electricity from renewables in 2023.

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Ask a Scientist: Two Dozen States Can Meet 100 Percent of Electricity Demand with Renewables by 2035

Union of Concerned Scientists

Nearly all of the alliance members have a renewable electricity standard (RES), which requires utilities in their jurisdiction to increase their use of renewable energy to a particular percentage by a specific year. We found that states have technically feasible and highly beneficial ways to achieve 100-percent renewable energy.