Getting climate, energy & environment news right.

One Oil Company’s Rocky Path to Renewable Energy
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One Oil Company’s Rocky Path to Renewable Energy

"As many oil companies now seek to follow suit, Ørsted is a case study on how hard the shift is. It took government intervention, years of subsidies and a wide-open competitive landscape for Ørsted to succeed. Shareholders and board members repeatedly questioned the strategy shift, and the costs ballooned the company’s debt, nearly derailing it."

A pathway to effective climate policy: Rely on markets
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A pathway to effective climate policy: Rely on markets

"While many climate activists appear to distrust the market in favor of governmental intervention, the market is the most effective tool we have to affect economic transitions, and we need to rely upon the private sector and, specifically, private capital to drive decarbonization in a deliberate and effective manner."

GE eyes 100% hydrogen-fuelled power plants by 2030
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GE eyes 100% hydrogen-fuelled power plants by 2030

Frédéric Simon of Euractiv reports that GE will use 100% clean hydrogen fuel to power its plants by 2030. “‘Today, we have a 50% hydrogen capability for combustion in our largest baseload gas turbines’ used for power generation, said Martin O’Neill, vice president at GE Gas Power.” Read the full article here.

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