CO2 emissions

The innovations in the carbon removal space are gaining attention for their potential to curb global climate change, but they each face particular challenges in implementation.

High energy prices and a greater focus on energy security will not slow the world’s long-term ambition for a low‑carbon future. However, annual analysis by DNV believes unprecedented pressure is reinforcing a two‑speed energy transition. 

Also: A report says Bitcoin mining could ease emissions. Haliburton is accelerating its clean-energy efforts, while insurer Chubb cracks down on methane. ExxonMobil and Linde team up in Texas. Shell plans to limit CO2 emissions in Dutch plants, and Drax presses pause on bioenergy in the UK.

In August 2020, scientists spent 10 days doing airborne surveys of more than 50 platforms in the Gulf of Mexico. Their results revealed a climate impact twice as large as that estimated by government inventories.

Proposed energy projects needing US federal permits will come under increased scrutiny related to the scope and magnitude of potential emissions.

The US giant joins CF Industries and EnLink on a development that could capture and permanently store 2 million metric tons of carbon dioxide starting in 2025.

An emissions-reduction study conducted for a Middle East operator identified potential annual savings of $10 million–$15 million, a 20% decrease in total Scope 1 CO2eq emissions, and 10 MW of energy reduction and delivered more than 100 recommendations for both technical and internal framework improvements.

Selling reservoirs’ empty pore space may become a new, big business.

If you’ve lived in areas with cold winters—really cold winters—you’ll applaud this research. It holds the potential to further the goal of decarbonization of the building industry plus improve comfort.

The new pledge from the world's largest oil producer comes just days before the 26th United Nations Climate Change Conference is set to meet in Glasgow, Scotland, to discuss new climate targets and initiatives.