Thirteen industry leaders and associations from across Europe launched the new “Make Power Clean” initiative on Monday, which aims to promote a European electricity market designed to deliver cleaner electricity across the region.
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.
Energy companies are beginning to bail on Canada’s tar sands oil fields and even Koch Industries is joining the rush out the door — or maybe not.
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.
Renewable energy is now the cheapest option, on average, for new electricity capacity around the world — developed countries like the US as well as developing countries. As I noted the other day, we need to keep channeling this message to the broader public, and especially decision-makers, but there are other things to do in order to increase renewable energy growth.
Norwegian oil and gas company Statoil has agreed to divest 25% of its stake in the Hywind Scotland floating offshore wind pilot to Abu Dhabi’s renewable energy company, Masdar.
As the cleantech transition speeds up, many of us are jumping for joy. Trump may be king of tweetland, but he and his oil & gas buddies can’t stop renewables or electric robotaxis. They know that. Their goals are pretty clear, though: pump up the carbon bubble as much as possible, stuff as much cash into their own bank accounts before it pops, and hopefully retire and die before the whole global economy is brought down with the the thin soapy liquid that was probably much prettier as a bubble.
Norwegian oil and gas company Statoil has won the offshore wind lease to 79,350 acres off the coast of New York with a winning bid of $42.5 million.
Denmark’s offshore wind leader DONG Energy is developing a gigantic offshore wind farm in the US. At 1 gigawatt (GW), the Bay State offshore wind farm is the size of a nuclear plant.
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.
