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The latest evidence of the industry doubling down on fossil fuels came Monday, when Occidental Petroleum said it would pay $12 billion in cash and stock to buy US shale oil producer CrownRock.
The 28th U.N. Climate Change Conference, known as COP28, recently concluded with what many are calling a historic deal: an agreement that seeks, for the first time, a global transition away from ...
Nearly 200 countries agreed Wednesday to move away from planet-warming fossil fuels — the first time they’ve made that crucial pledge in decades of U.N. climate talks though many warned the ...
Companies must wean themselves off fossil fuels. Danish toymaker Lego said in October that it will spend about $1.4 billion to build a wind farm off the coast of Germany. With the energy produced there, the company will be completely powered by renewable energy in under five years.
This is particularly concerning as we are transitioning away from fossil fuels to clean energy sources due to climate change. For example, when there is not enough transmission to connect clean energy to the grid, they enter "interconnection queues", a waiting list for clean energy to essentially get turned on. [6]
OPEC, which controls 80% of the world's oil reserves, made that clear in a Dec. 6 letter to its members and allies rallying them to block an agreement targeting fossil fuels. The letter sparked ...
An energy transition is a broad shift in technologies and behaviours that are needed to replace one source of energy with another. [14]: 202–203 A prime example is the change from a pre-industrial system relying on traditional biomass, wind, water and muscle power to an industrial system characterized by pervasive mechanization, steam power and the use of coal.
Transition US is the national hub with a stated vision, "that every community in the United States will have engaged its collective creativity to unleash an extraordinary and historic transition to a future beyond fossil fuels; a future that is more vibrant, abundant and resilient; one that is ultimately preferable to the present".