sustainability

Although 2022 did not match 2021’s record of over 19.5 GW of online capacity, 2022 witnessed the second highest amount of global online capacity with almost 8.5 GW. Final investment decisions (FIDs) were taken on over 11.5 GW of projects, making it the fourth highest year for FIDs.

The past year has been a challenging one for companies on the ESG front. Overlapping environmental, social, and political crises—from flooding and wildfires to the first war in Europe in 80 years—have made the jobs of leaders that much harder.

The sites with the most CO2 emissions to capture are often far from the best rock to sequester it, leading to design projects for transport ships.

The Oil and Gas Climate Initiative says its members’ absolute upstream methane emissions were down 40% since 2017. That’s equivalent to taking more than 3 million cars off the road for a year.

In a move seen as part of BP's shift away from fossil fuels, the company said it may stop releasing its Statistical Review of World Energy, which it first published in 1952.

Divesting from fossil fuel assets makes a big statement. Its impact, however, is murkier. Selling off an asset requires someone else to buy it, which, in the case of fossil fuels, can mean breathing new capital into the exact assets companies are trying to choke. But there’s another approach: running those assets into the ground.

H2 Industries says it has developed a way to convert gas that normally would be flared into clean hydrogen and solid carbon at the oil field.

This paper provides an overview of strategies, approaches, technologies, and tools that enable companies to prioritize social-good, natural processes and restoration of natural resources as part of business and operations.

Investors say they value a company’s data on sustainability almost as much as they value its financial data. They need to be able to trust it as much, too.