Energy industry leaders met in Houston last week for the CERA Week conference. Almost to a man (there were virtually no women on the stage) they saw nothing but bright skies ahead for fossil fuels and expressed little concern about electric vehicles. Where do I get a job like that?
The oil industry giant BP is now expecting that self-driving plug-in electric vehicles will dampen oil demand by 2040, according to its most recent annual Energy Outlook report.
British multinational oil and gas company BP has published its highly-anticipated Energy Outlook for 2018 and, even though it has branded its standard model the ‘Evolving Transition’ scenario, this year’s report is the very picture of business as usual for the fossil fuel giant.
We’ve got stories about emissions-sniffing drones, the new Formula E race car, Volvo’s carbon neutral engine plant, a dual-motor AWD Tesla Model 3, Shell’s investment in solar, lower-carbon aluminum production, Indian solar news, DIY shaving cream, natural hangover remedies, and more in today’s cleantech news roundup.
Global oil and gas companies have begun diversifying into renewable energy and EV charging assets over the past few years and now they’re practically tripping over each other to catch up with Tesla and other EV stakeholders. The latest example is BP, which just put up $5 million to jump into the EV charging market in Europe and the UK.
BP will be putting $200 million into the solar energy firm Lightsource, thereby acquiring a 43% stake in it, the company has revealed.
The cities of San Francisco and Oakland in California have filed separate lawsuits against 5 of the largest oil companies in the world for the roles played by those companies in anthropogenic climate warming and rising sea levels, public documents have revealed.
The oil giant BP is currently in discussions with a number of electric vehicle manufacturers about possible partnerships that would see charging stations installed at some of its fuel/service stations, BP CEO Bob Dudley was quoted as saying in an interview with Reuters.
A historic new report from CDP has revealed that 71% of all greenhouse gas emissions since 1988 can be traced back to only 100 fossil fuel producers, a group which together are responsible for 635 billion tonnes of greenhouse gas emissions.
Five of the world’s six largest listed oil companies, including ExxonMobil and Shell, run the risk of wasting more than 30% of potential investment on high-cost upstream projects that are unnecessary and potentially harmful if we are to ensure the world does not warm beyond 2⁰ Celsius above pre-industrial levels.
