Corporate Knights

OCTOBER 16, 2023

Then, early last century, came the invention of Crisco, a lard look-alike made from cottonseed oil. Americans today consume a long, golden stream of vegetable oils: soybean, palm, safflower, sunflower, peanut, avocado, coconut, canola, olive. But what if there was a cooking oil that didn’t drive deforestation? Crisco took off.

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Academics 275

Corporate Knights

FEBRUARY 7, 2024

For decades, Indigenous communities in northern Alberta have voiced concerns about pollution from the region’s oil sands facilities contaminating the air they breath. A recent study shows this problem might be a lot worse than the oil industry has let on.

Climate Change 215

Climate Change 215

Corporate Knights

MAY 31, 2023

Abstract terms like “oil and gas sector” obfuscate responsibility. “We That’s the main message behind a new campaign by Canadian advocacy group Environmental Defence that “names and shames” a cast of seven corporate individuals it says are most to blame for the lack of climate action on the fossil fuel front.

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Climate Action Tracker Greenwashing Net Zero 288

Science Daily / Earth & Environment

APRIL 30, 2024

Researchers have discovered a new mechanism of oil biosynthesis and found a way to genetically engineer a type of test plant to more efficiently produce different kinds of seed oil that it otherwise wouldn't make.

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Renew Economy

MAY 28, 2023

Belgian company Parkwind teams up with Australia oil and gas company Beach in an effort to beat a powerful field of licence applicants. The post Australian oil and gas company Beach makes move into offshore wind appeared first on RenewEconomy.

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Corporate Knights

FEBRUARY 27, 2023

The Canadian oil and gas industry is engaging in greenwashing by endorsing a 2050 net-zero target while actively lobbying against measures that would achieve that climate goal, international non-profit InfluenceMap says in a report. McKenna echoes the InfluenceMap criticism of Canadian oil and pipeline companies. C,” the report said.

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Net Zero Greenwashing Climate Change 364

Corporate Knights

OCTOBER 17, 2022

At the end of September, Richard Manley, the head of sustainable investing at CPPIB, told The Globe and Mail that we could see “Big Oil become Big Energy, but also no-carbon oil over time.” . Manley also said that “we’re already seeing Big Oil become Big Energy,” but this belief is mistaken.

Net Zero 363

Net Zero Sustainable Investment Zero Carbon Greenwashing 363

Renew Economy

JUNE 22, 2023

An employee of a Shell owned solar and battery group has won praise after publicly declaring his disgust at the oil giant's business strategy and quitting the business. The post “I’m out:” Shell solar employee praised for quitting after oil giant’s climate backflip appeared first on RenewEconomy.

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Renew Economy

NOVEMBER 16, 2023

A large-scale green hydrogen production facility at bp’s former Kwinana oil refinery in WA has made key new progress, backed by $70m from federal Labor. The post Kwinana green hydrogen hub reaches “major milestone” at former oil refinery appeared first on RenewEconomy.

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Renew Economy

APRIL 12, 2022

Morrison government spends a further $250m to keep Australia hooked on oil, as advocates plead for support to boost EV uptake. The post Morrison spends another $250m on oil refineries, EVs ignored appeared first on RenewEconomy.

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Renew Economy

SEPTEMBER 25, 2023

The post “Electricity is the new oil:” IEA lays out new net zero roadmap for 2030 appeared first on RenewEconomy. New IEA report warns there is no slow route to net zero emissions. Rather, the world needs to add 11,000GW of new renewables by 2030 and electrify everything.

Net Zero 337

Net Zero 337

Renew Economy

AUGUST 24, 2023

WA government says bp is a step closer to making a final investment decision on plans to turn its former oil refinery into a green hydrogen hub. The post Kwinana green hydrogen hub edges closer at site of former oil refinery appeared first on RenewEconomy.

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Renew Economy

MARCH 29, 2022

Angus Taylor's attempt to quell public concern about rising fuel prices and global oil shortages are misleading. The post FactCheck: Energy minister Angus Taylor misleads on oil reserves in Australia appeared first on RenewEconomy.

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GreenBiz

FEBRUARY 3, 2022

The history of whale oil holds answers. Corporate clean energy procurements are on the rise. So are emissions. What gives?

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Renew Economy

MARCH 11, 2024

The post Oil refinery and petrol pump owner signs its largest renewable contract appeared first on RenewEconomy. Viva Energy signs its biggest renewable energy contract yet with an wind farm in operation near its Geelong refinery.

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Renew Economy

JULY 12, 2023

Japanese oil and gas giant to become newest player in Australia's renewables market, in a deal to buy a 50 per cent stake in a range of solar and wind assets. The post Japan oil and gas giant takes stake in Australian wind and solar appeared first on RenewEconomy.

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Corporate Knights

NOVEMBER 20, 2023

Not only have global oil producers generally failed to invest substantially in renewable-energy technologies; now they’re reneging on their green commitments. When you look at the oil industry’s efforts to decarbonize, the results are lacklustre. The post Zero: Oil industry’s plan for climate action? Suncor invested 10.4%

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Paris Agreement Net Zero Green Investing Shipping 171

Renew Economy

MAY 25, 2023

Investment in solar to overtakes oil for first time as world accelerates switch to renewables and fossil fuel companies pocket their super profits. The post Solar investment overtakes oil for first time as renewables chase down fossil fuels appeared first on RenewEconomy.

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Renew Economy

JANUARY 15, 2023

First big battery in New Zealand will be built by a unit of French oil giant Total and promises a quick return on investment. The post Oil giant unit wins contract to build first big battery in New Zealand appeared first on RenewEconomy.

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Renew Economy

APRIL 16, 2023

Australia's 15 largest super funds have invested a total of more than $25 billion into new and expanding coal, oil and gas projects, new analysis shows. The post Australian super funds sink $25 billion into coal, oil and gas appeared first on RenewEconomy.

Greenwashing 246

Greenwashing 246

Renew Economy

SEPTEMBER 12, 2023

Gentari, the renewables arm of Malaysian oil giant Petronas, unveils huge renewable and storage plans for Australia after buying and rebranding Wirsol Energy. The post Malaysia oil giant aims for up to 8GW of renewables and batteries in Australia by 2030 appeared first on RenewEconomy.

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Science Daily / Earth & Environment

MAY 2, 2024

The global demand for palm oil -- the most widely consumed vegetable oil on the planet, in everything from instant noodles to lipstick -- is driving worldwide tropical deforestation.

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Renew Economy

MARCH 30, 2023

The post Oil giant Shell to build its first big battery with massive project in Melbourne appeared first on RenewEconomy. Updated: Shell makes its first big battery investment anywhere in world in deal with Macquarie for massive project near Melbourne.

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Corporate Knights

DECEMBER 19, 2022

London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climate change while carving out its Canadian unit from the policy change. HSBC will maintain its financing and investment in existing oil and gas fields at 2020 levels through 2030 and then reduce it by half by 2050.

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Net Zero Banking Paris Agreement Climate Change 294

3BL Media

FEBRUARY 7, 2024

Much has changed for Nassozi Berna, her husband, and their seven children since she began farming oil palm trees on Kalangala, an island in Uganda’s Lake Victoria, 11 years ago. Oil palm trees bear the fruit that makes palm oil, a much more reliable and lucrative crop than the cash crops they were producing previously.

Digitalization 147

Digitalization Analytics Banking Development 147

Corporate Knights

MARCH 7, 2022

Canada’s carbon pricing regime needs a major overhaul if governments are going to rely on it to drive industrial emitters such as oil sands producers to invest in deep decarbonization projects. After months of rising crude prices, “the oil industry is also experiencing a windfall of cash,” Florizone said.

Net Zero 337

Net Zero Decarbonize Climate Change Development 337

Corporate Knights

SEPTEMBER 15, 2023

food giant Kellogg’s is the latest major consumer brand to suspend its purchases of palm oil from Indonesian plantation giant Astra Agro Lestari, following reports of environmental and social violations. The post Kellogg’s supplier controversy in Indonesia shows palm oil is still a problem appeared first on Corporate Knights.

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Supply Chains Supply Chain Greenwashing Waste 254

Corporate Knights

JULY 18, 2022

The United States’ capacity to refine oil into fuel has shrunk significantly during the pandemic because of the closure of refineries. And it may never come back, says the CEO of the second-largest oil company in the U.S. . The post Is the sun setting on America's oil refineries? soil, said Wirth.

Net Zero 254

Net Zero Decarbonize 254

Renew Economy

JULY 13, 2023

Two oil majors will pay a combined €12.6 The post Oil majors pay €13-bln entry fee in “quantum leap” for offshore wind energy appeared first on RenewEconomy. billion for the right to build wind farms in the North and Baltic seas in world’s largest ever offshore wind auction.

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Science Daily / Earth & Environment

APRIL 23, 2024

Researchers use laser treatments to transform ordinary cork into a powerful tool for treating oil spills. The laser treatments not only help to better absorb oil, but also work to keep water out.

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Renew Economy

FEBRUARY 19, 2023

New research inverts past climate summit narratives and has important consequences for the phase-out of oil and gas production. The post For developing world to quit coal, rich countries must eliminate oil and gas faster appeared first on RenewEconomy.

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Development 244

Renew Economy

OCTOBER 3, 2022

The post Lake Eyre Basin threatened by 831 oil and gas wells – is this really what Australians want? State and national governments are promoting massive gas development to kickstart Australia’s economy. But is it worth the environmental cost? appeared first on RenewEconomy.

Development 357

Development 357

Science Daily / Earth & Environment

APRIL 18, 2024

Companies can't simply walk away from old oil and gas wells. They have to be capped in a way that protects the environment and prevents leaks. A new approach to today's solution could be better for the environment and cheaper, too.

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Renew Economy

AUGUST 9, 2022

The world's oil majors are pocketing record profits from the current energy crisis, but not much of it is going into renewables, despite their marketing spin. The post “Grotesque greed:” Oil majors’ windfall profits are headed for their pockets, not renewables appeared first on RenewEconomy.

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Renew Economy

JANUARY 18, 2023

Singapore-based Intercontinental Energy brings in another Big Oil major to take lead on one of its mega green hydrogen projects. The post Big Oil snaps up lead role in another massive 25GW green hydrogen project appeared first on RenewEconomy.

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Global Renewable News

MAY 7, 2024

Commenting on today's (May 3) announcement by the North Sea Transition Authority that it has introduced a new clause for overlapping oil and gas licences and offshore wind farm leases, RenewableUK.

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Renew Economy

FEBRUARY 27, 2023

Sunny side up: Oil giant bp and its Lightsource solar partner reportedly offer a share of their growing Australian solar portfolio up for sale as PV asset flip continues. The post Oil giant puts Australian solar portfolio on market as great PV flip continues appeared first on RenewEconomy.

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