Business Energy Innovation Sustainability Technology

Africa Needs Electricity Now More Than Ever, Especially To Keep COVID-19 Vaccines Cold

May 2, 2021

Solar energy conjures up images of solar panels on rooftops. The depiction is especially true in Africa, where about 600 million people are without reliable access to power — power to keep the lights on and power to keep the COVID-19 vaccine frozen. Africa’s economy has experienced solid growth at an average of 3.7% throughout the continent. Tha...

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ExxonMobil’s Investor Magical Mystery Tour (Waiting To Take You Away!)

April 29, 2021

My Oxford colleague Professor Colin Mayer and I have written before about the campaign Engine No. 1, a new and small hedge fund, is waging against the oil and gas giant ExxonMobil. The purpose of their campaign is to place four directors on the board who can help the company create a business strategy that is both financially and environmentally su...

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President Biden Speaks A Language Americans Understand On Climate Change – Jobs

April 29, 2021

As I watched President Biden’s address to a joint session of Congress last night, it was refreshing to hear about actual policies and the state of the nation irrespective of whether you agree with him or not. As a climate scientist, it was particularly exciting to here climate change mentioned several times. As I have written in this space previous...

Business Energy

Oil And Gas Industry Caught In Transition To Renewables – An International View.

April 26, 2021

Iman Hill is the Executive Director of IOGP (International Association of Oil and Gas Producers). On Tuesday, 20 April 2021, she gave a webinar on SPE Live called “Extraordinary Times for the Oil and Gas Industry – IOGP Fireside Chat.” IOGP has offices in London, Brussels and Houston. They are concerned about the contribution of oil and gas to ...

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Tesla Extends Profit Streak On Strong Q1 Sales Of Electric Car–And Pollution Credits

April 26, 2021

Tesla stayed profitable in the first quarter, posting earnings and revenue figures that topped consensus expectations, helped by the electric-car maker’s robust first-quarter vehicle deliveries and sales of pollution credits to other automakers. The company also said it’s targeting annual growth in deliveries of 50% a year. The Palo Alto, Califor...

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How Renewables Could Kill Off Fossil Fuel Electricity By 2035: New Report

April 26, 2021

Solar and wind energy have the potential to meet global electricity demand 100 times over, and the costs of these renewables are collapsing so rapidly that fossil fuels could be pushed out of electricity generation altogether by 2035, according to a report by a U.K. think tank. The report, from London-based non-profit Carbon Tracker, reveals tha...

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Shell’s $12 Billion Prelude LNG Barge Drifts Toward A Finale

April 26, 2021

Prelude or finale, that’s a question some observers are starting to ask about a $12 billion ship called Prelude which was supposed to revolutionize the liquefied natural gas (LNG) industry.Built by Royal Dutch Shell, Prelude is designed to move from one offshore gasfield to another, avoiding the need for costly offshore structures and pipelines to ...

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Gov. Newsom Orders End To New Fracking Permits In California In 2024

April 23, 2021

ToplineCalifornia Gov. Gavin Newsom ordered a state agency to halt issuing fracking permits by 2024 and tasked another with studying options to end oil extraction in the state by 2045, a move that environmental groups say isn’t aggressive enough to address climate change. Key Facts Newsom's order directs the Department of Conservation’...

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Houston-based utility wants Minnesotans to pay for Texas deep freeze problems

April 23, 2021

EnlargePhoto by Robert Nickelsberg/Getty ImagesTexas’ deep freeze didn’t just disrupt natural gas supplies throughout Lone Star country—its effects rippled across the country, extending as far north as Minnesota. There, gas utilities had to pay $800 million more than they anticipated during the event, and Minnesota regulators are furious. “The inep...

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As Hydrogen’s Levelized Cost Projections Fall Toyota Sends It Racing

April 23, 2021

Hydrogen's potential as an alternative fuel continues to divide public opinion. Yet it's levelized cost, or the measure of the average net present cost of production as a fuel or heat source for a production plant over its lifetime, especially from renewable energy via electrolysis of water, is likely to fall considerably over the coming years. ...