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Carbon Emissions

Big Oil’s Plan to Become Big Gas

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Article by Rakteem Katakey published 2 June 2015 by Bloomberg.com

Screen Shot 2015-05-22 at 21.49.34Shell CEO Ben Van Beurden…. said his company has changed from “an oil-and-gas company to a gas-and-oil company.”

Oil companies that have pumped trillions of barrels of crude from the ground are now saying the future is in their other main product: natural gas, a fuel they’re promoting as the logical successor to coal.

With almost 200 nations set to hammer out a binding pact on carbon emissions in December, fossil-fuel companies led by Royal Dutch Shell Plc and Total SA say they’re refocusing on gas as a cleaner alternative to the cheap coal that now dominates electricity generation worldwide.

That’s sparked a war of words between the two industries and raised concern that Big Oil is more interested in grabbing market share then fighting global warming. read more

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Shell CEO Calls for Europe Carbon Reduction Target Extension

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Royal Dutch Shell Plc Chief Executive Officer Peter Voser said Europe needs to extend its targets for curbing greenhouse gases and promoting renewable energy by a decade through 2030.

“To actually change things you need time and we are a little bit concerned if you have a short-term target,” Voser told reporters today in London. “We favor one target, which sets action with greenhouse gas.”

The European Union has a binding target to cut greenhouse gases by 20 percent compared with 1990 levels, increase the share of renewable energy to an average of 20 percent and a goal of boosting energy efficiency by one-fifth in 2020. The European Commission said in March a framework for the decade after 2020 is needed to give investors legal certainty, spur innovation and prepare for a global climate deal. read more

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Caltex Australia Says Carbon Costs Threaten Refining Industry

Oct. 23 (Bloomberg) -- Australia's oil-refining industry would be threatened by ``high'' costs for carbon emissions permits under the government's proposed trading system, said Caltex Australia Ltd., the nation's biggest refiner.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Developing Cutting-Edge Green Technologies

Shell is also developing a number of alternative energy sources, and is the largest distributor of bio-fuels and one of the biggest investors in wind energy, investing in new technology such as second generation biofuels, thin film solar and hydrogen.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.