Saudi Arabia has big plans for Renewable Energy with a target of 9.5GW by 2023. The government intends to invest between $30 billion and $50 billion across 60 projects, with 1 GW of capacity earmarked for Concentrated Solar Power (CSP), according to the Renewable Energy Project Development Office (REPDO), established in February 2017 to implement the country’s National Renewable Energy Program (NREP).
Saudi Arabia aims to exceed its target to generate 9.5 gigawatts of electricity from renewable energy, to highlight its long-term commitment to green energy and to give investors a sense of comfort that the Kingdom has a long-term vision for renewable energy.
Flared gas is a bigger problem than thought. Contrary to what has been agreed with the oil industry, worldwide the industry flared not less, but more gas.
In 2015, about 147 billion cubic meters which is a CO2 footprint of around 350 million tonnes!
The world bank published the figures in a report. Globally, over 16,000 oil wells are flaring gas.
The amount of wasted gas corresponds to the gas consumption of the UK, Germany and Switzerland together. If the gas was burned in a power plant, it could supply the whole of Africa with electricity. Read More
The U.S. government haven’t studied the impact of the chemicals that these companies are allowed to dump directly into the ocean including critical habitat and fracking-endangered species.
The shale industry is dumping en masse, fracking waste oil into the Gulf of Mexico.
The Center for Biological Diversity has releasedfederal documents that reveal that officials approved more than 1,200 offshore fracks in 630 different wells in the four years from 2010 to 2014 in the Gulf of Mexico. Read More
Shell has been operating in wind energy with 9 projects in North America and Europa, together 500MW of installed capacity.
Last May, Shell launched a new division for renewable energy, Martin Wetselaar, now responsible for integrated gas (including LNG), will lead the division ‘New Energy‘. Is Shell moving towards renewables?
The new division will be transferred to the existing activities in hydrogen, biofuels and renewable power generation. It will also be used as a basis for new activities in wind energy. Read More
President Obama is committed to taking responsible steps to address climate change, promote clean energy and energy efficiency, drive innovation, and ensure a cleaner, more stable environment for future generations
G20 Summit: India and Saudi Arabia rejected world climate ambitions
Are fossils still lucrative for investors? Does the divestment campaign have a material effect on the industry that they are attacking, and thus the transition to sustainability and the reduction of CO2 emissions? Read More
The United States is the greatest risk, CarbonTracker states, with a cost of $ 412 billion in stranded assets “unnecessary fossil projects in 2025. Second in risk is Canada (220 billion). Than China (179 million), Russia (147 billion ) and Australia (US $ 103 billion).
The next decade fossil energy companies will lose possibly $ 2.2 trillion in investments, according CarbonTracker in a recent report.
There is a huge global movement towards renewable energy. Climate change disasters already cause grieve to millions around the world. This stimulates initiatives that will change the world in unpredictable ways. The directors of the oil and gas companies can not deny the changes.
Oil and gas companies such as Shell have the unique expertise to help with the construction of the future energy supplies.
Yet they do not. According to Kamp – former Shell manager – the strategy of oil and gas companies is doomed to fail.
“Like the bank, oil and gas companies won’t change their strategies. They are earning still too much money with fossil fuels.”
In the battle for oil and gas, Denmark is looming for control of the North Pole. Other interested countries are the US, Russia, Canada and Norway. All countries are thinking they have a right to claim the region. Yesterday, Denmark has claimed the rights of the north pole (via Greenland) in the UN. Read More
Toshiba runs the first car with hydro energy from solar power
Hydrogen is the lightest gas in the universe. One liter of this gas weighs only 90 mg under normal atmospheric pressure, which means that it is 11 times lighter than the air we breathe. If we want to use hydrogen, it has to be stored. Read More