Royal Dutch Shell (RDSa.L) said on Tuesday it plans to build a large-scale carbon capture and storage (CCS) project near Edmonton, Alberta, joining a number of other companies proposing clean energy initiatives in Canada's main oil-producing province
Just as natural gas has competed with coal as the prime fuel for electricity in the last decades, renewables are putting pressure on the blue, clean-burning source of energy. The competition is fierce and will likely get worse. Yet, it is still too early to discount gas.
Iulia Gheorghiu of Utility Dive reports that the Department of Energy has tapped GE Hitachi to lead research on lowering advanced nuclear construction costs. “DOE has funded a number of initiatives in recent years to encourage the development of advanced nuclear reactors, focusing on innovative technology development through demonstration projects.“ Read the full article here.
Fossil fuel companies continue to play an essential role in our energy makeup and will play a central role in decarbonization moving forward. A market-based approach that allows for a diverse energy makeup is the correct way to move toward a net-zero future.
"Tackling the two-part challenge of addressing climate change and meeting the world’s growing demand for energy requires a range of solutions and partners. And U.S. energy producers have made significant progress, yet more can be done by our industry, the government, and other industries."
"In March, Porsche set itself an ambitious goal to be carbon neutral across its entire value chain by 2030 — well ahead of automakers such as Ford (2050), GM (2040) and Jaguar Land Rover (2039). The sports car giant says that production within its German factories, located in Zuffenhausen and Leipzig, is already carbon neutral through the use of renewable energy and biogas."