Another Tipping Point For Coal: Big Oil Eyeballs Big Wind
President Trump keeps promising to bring back coal jobs, but success drifts further out of reach as big oil sets its sights on wind energy development.
President Trump keeps promising to bring back coal jobs, but success drifts further out of reach as big oil sets its sights on wind energy development.
It’s long been a mystery what the real-world situation is with Saudi Aramco’s oil reserves, as the state-owned firm has been reporting the same 261 billion barrels reserve figure for the last 30 years or — with no changes, despite pumping out large quantities of oil every year.
The world’s largest oil company, Saudi Aramco, is apparently mulling over as much as $5 billion in renewable energy investments as part of plans to diversify from crude oil production, according to people with knowledge on the matter.
Osama bin Laden must be laughing in his grave, as the saying goes.
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, who is also chairman of Saudi Aramco, the world’s “most valuable” company, was interviewed in Abu Dhabi for Global Action Day last week. I happened to be in attendance and captured Al-Falih making some “interesting” comments.
Reuters is reporting that seven leading oil and gas companies will be joining forces to create a renewable energy investment fund for the development and promotion of renewable energy.
Editorial note: If, like many Brazilians, you were on holidays for most of January, you might have missed two important international summits of relevance for climate and energy. Luckily for you, CleanTechnica was there to cover them while you were out and about on your first full-electric road trip (or whatever … [continued]
Originally published on Sustainnovate. I was honored for the second year in a row to have a meal with Michael Liebreich, founder and chairman of the advisory board of what is now Bloomberg New Energy Finance (originally named New Energy Finance), and to be able to interview him “during” that … [continued]
Originally published on EV Obsession. In an interesting but perhaps not surprising move, the government of Saudi Arabia has revealed that it is currently mulling the idea of publicly listing the state-owned oil company Saudi Aramco. Going by an interview with the kingdom’s deputy crown prince, Muhammad bin Salman, conducted … [continued]
The CEOs of 10 of the world’s largest oil and gas companies have called for an effective climate change agreement from next month’s UN climate change conference. In a meeting which was heralded last week, 8 of the 10 CEOs that currently make up the Oil and Gas Climate Initiative … [continued]