Fossil Fuel Giants Embrace Natural Gas as Demand Surges, Challenging Green Transition

Fuel TechFuelNuts & BoltsHigh Tech / High Touch
Written By Jennifer Joslyn

Major fossil fuel companies, including Shell and Chevron, are shifting their focus to natural gas as they anticipate increased demand in the coming decades. Factors such as the energy crisis triggered by Russia's invasion of Ukraine and the need to replace Russian fuel in Europe have contributed to the growing importance of natural gas. Despite concerns over methane emissions and the urgency to reduce carbon emissions, gas remains profitable for energy companies and is expected to play a significant role in the global energy system.

Read more from Financial Post ▶

Featured
Tesla Rehires Supercharging Team After Initial Layoffs
Tesla Rehires Supercharging Team After Initial Layoffs

Tesla Inc. is making headlines again, this time for rehiring members of its Supercharging team, including key manager Max de Zegher, following a surprising round of layoffs initiated by CEO Elon Musk last month.

Why Transforming the Sahara into a Solar Farm Isn't Ideal
Why Transforming the Sahara into a Solar Farm Isn't Ideal

Some have suggested that covering the Sahara Desert with solar panels could harness its abundant sunlight and provide a vast, sustainable energy source.

Geologic Hydrogen Is The Next Clean Energy Revolution in the United States
Geologic Hydrogen Is The Next Clean Energy Revolution in the United States

Imagine it's 2024 and the U.S. is on the brink of a modern-day gold rush, but this time, it's all about a new, clean energy source buried right beneath us—geologic hydrogen.

Solar Advocacy Groups Take Their Fight to California's Highest Court
Solar Advocacy Groups Take Their Fight to California's Highest Court

Environmental organizations in California are gearing up for a significant legal battle as the state Supreme Court agrees to hear their case against recent adjustments to the solar compensation rules.

Adani Green Energy is Powering the Future of Renewable Energy in Western India
Adani Green Energy is Powering the Future of Renewable Energy in Western India

In the vast salt deserts of western India, a colossal energy project is underway, transforming barren landscapes into a renewable energy powerhouse.

Dr. Dan McKorley Advocates for Sustainable Solutions for Salt Industry
Dr. Dan McKorley Advocates for Sustainable Solutions for Salt Industry

Dr. Dan McKorley, Executive Chairman of McDan Group, encouraged the salt industry to adopt more sustainable transportation and logistics practices for a greener future.

Danish Investors Push DSV on ESG Concerns in $10 Billion Neom Joint Venture
Danish Investors Push DSV on ESG Concerns in $10 Billion Neom Joint Venture

Danish investors in DSV are pressing the logistics giant regarding environmental, social, and governance aspects of its $10 billion joint venture in Saudi Arabia, supporting the Neom mega-city project.

Local Government Bans Threaten U.S. Clean Energy Goals
Local Government Bans Threaten U.S. Clean Energy Goals

A recent nationwide analysis by USA TODAY uncovers a concerning trend that could hinder the United States' clean energy objectives: local governments are outpacing the construction of new utility-scale wind and solar power by imposing bans on such projects.

New Wind Farm Sparks Change in Keyser, West Virginia
New Wind Farm Sparks Change in Keyser, West Virginia

In Keyser, West Virginia, Sheila Wagoner, like many, isn't fond of the new wind farm dominating the skyline.

Hawaii's Clean Energy Transition is Navigating Challenges and Opportunities Amidst BYOD Program Rollout
Hawaii's Clean Energy Transition is Navigating Challenges and Opportunities Amidst BYOD Program Rollout

In September 2022, Hawaii shut down its sole coal power plant as part of its goal to achieve entirely clean electricity by 2045.

Uzbekistan's Groundbreaking Green Hydrogen-Wind Plant Paves the Way
Uzbekistan's Groundbreaking Green Hydrogen-Wind Plant Paves the Way

Central Asia is making strides in combating climate change with the construction of its first green hydrogen-wind plant in Uzbekistan.

Legal Battle Emerges Over $10 Billion Wind Power Transmission Line Through Arizona's Cultural Heartland
Legal Battle Emerges Over $10 Billion Wind Power Transmission Line Through Arizona's Cultural Heartland

In a legal move, a federal judge is being urged to issue a halt on construction for a $10 billion transmission line that is intended to carry wind-generated electricity from a remote area in southeastern Arizona to customers as distant as California.

Port of Virginia Achieves 100% Clean Power
Port of Virginia Achieves 100% Clean Power

On New Year's Day, the Port of Virginia achieved a significant milestone by becoming the first U.S. East Coast seaport to operate entirely on 100% clean power, accomplishing its goal well ahead of the planned 2032 timeline.

Offshore Wind Farm Project Terminated Due to Economic Challenges
Offshore Wind Farm Project Terminated Due to Economic Challenges

Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.

Bill Gates-Backed Wind Energy Startup Airloom Energy Unveils Revolutionary Technology
Bill Gates-Backed Wind Energy Startup Airloom Energy Unveils Revolutionary Technology

There is a new company on the block called Airloom Energy, a wind energy startup supported by Bill Gates.

Navigating the Winds of Change in the U.S. Offshore Wind Industry
Navigating the Winds of Change in the U.S. Offshore Wind Industry

The U.S. offshore wind industry is experiencing both challenges and progress in 2023.

U.S. Offshore Wind Industry Aims for Revival in 2024 Amidst Challenges
U.S. Offshore Wind Industry Aims for Revival in 2024 Amidst Challenges

The U.S. offshore wind industry is looking to rebound in 2024 after a challenging year in 2023, marked by project cancellations and financial write-offs.

Ocean Infinity to Conduct Cutting-Edge Survey for Equinor's California Offshore Wind Farm Project
Ocean Infinity to Conduct Cutting-Edge Survey for Equinor's California Offshore Wind Farm Project

Ocean Infinity, an ocean robotics firm, has entered into a contract with Equinor Wind US LLC to conduct a comprehensive site investigation survey off the coast of Morro Bay, California.

Solar Supply Chain Raises Human Rights Concerns as Transparency Declines
Solar Supply Chain Raises Human Rights Concerns as Transparency Declines

A new report by experts in human rights and the solar industry has raised concerns about the solar supply chain's lack of transparency amid human rights issues.

Connecticut Drives Towards a Greener Future with Zero-Emissions Car Plan Set for 2035
Connecticut Drives Towards a Greener Future with Zero-Emissions Car Plan Set for 2035

Connecticut's commitment to becoming zero emission by 2035 stems from a growing recognition of the urgent need to address climate change and its adverse effects on the environment and public health.

U.S. Climate Law Drives Clean Energy Investment and Manufacturing Boom
U.S. Climate Law Drives Clean Energy Investment and Manufacturing Boom

The US climate law, the Inflation Reduction Act (IRA), which passed one year ago, has accelerated the adoption of clean energy technology in the country.

IMO Unveils Global Emission-Reduction Targets, Implications for Shipping Industry and Freight Rates
IMO Unveils Global Emission-Reduction Targets, Implications for Shipping Industry and Freight Rates

The International Maritime Organization (IMO) has announced new global emission-reduction targets, but the ambiguity surrounding the means to achieve these targets is expected to limit new ship ordering.

Maritime Talks on Greenhouse Gas Emissions Criticized as Disheartening by Environmentalists
Maritime Talks on Greenhouse Gas Emissions Criticized as Disheartening by Environmentalists

Environmentalists express disappointment with the outcome of the 80th session of the Marine Environment Protection Committee (MEPC) held by the International Maritime Organisation (IMO), as revised targets for reducing greenhouse gas (GHG) emissions fall short of what is deemed necessary to combat climate change.

Enphase Begins U.S. Manufacturing of Solar Microinverters in South Carolina
Enphase Begins U.S. Manufacturing of Solar Microinverters in South Carolina

Enphase, a leading solar microinverter company, has commenced production of its IQ8 microinverter at a factory in West Columbia, South Carolina.

Spain's Ambitious Pursuit of Green Hydrogen
Spain's Ambitious Pursuit of Green Hydrogen

Spain is investing billions of euros to produce and distribute green hydrogen, aiming to become Europe's hub for clean energy.

California Transportation Commission Approves $42 Million Grant for Port of Oakland's Green Power Microgrid Project
California Transportation Commission Approves $42 Million Grant for Port of Oakland's Green Power Microgrid Project

The California Transportation Commission (CTC) has granted $42 million to the Port of Oakland for its Green Power Microgrid Project.

Deepening Duck Curves Accompany California's Growing Solar Capacity
Deepening Duck Curves Accompany California's Growing Solar Capacity

As solar capacity in California continues to grow, grid operators are facing challenges related to the "duck curve."

Buttigieg Advocates 'Green Corridors' to Reduce Shipping Industry Emissions during Yokohama Port Visit
Buttigieg Advocates 'Green Corridors' to Reduce Shipping Industry Emissions during Yokohama Port Visit

U.S. Transportation Secretary Pete Buttigieg visited the port of Yokohama in Japan and emphasized the importance of establishing "green shipping corridors" to reduce carbon emissions in the shipping industry.

Freight Train Batteries Could Aid Power Grid in Emergencies
Freight Train Batteries Could Aid Power Grid in Emergencies

Researchers at the Lawrence Berkeley National Laboratory propose using electric batteries on freight trains to support the power grid during spikes in energy demand.

Toyota Shareholders Reject Climate Change Performance Proposal
Toyota Shareholders Reject Climate Change Performance Proposal

Shareholders at Toyota's annual general meeting rejected a proposal initiated by AkademikerPension, a Danish investment fund, calling for the automaker to improve its efforts in fighting climate change.

Jennifer Joslyn
Previous

USPS Faces Decline in International Volume, Affecting Cross-Border E-commerce Market
Next

U.S. Drivers Express Mixed Feelings Towards Electric Vehicles