Could Exxon be running out of cash? This question stems from an article by Yahoo! Finance that reported on ExxonMobil Corp facing a $48 billion shortfall through next year, which are Reuters and Wall Street estimates. This number was calculated by using cash from operations, commitments to shareholder payouts, and costs for Exxon’s planned massive
Global oil demand, struggling to recover from the coronavirus pandemic, could peak during this decade as electric vehicles become more widespread, according to a new report. Demand for crude worldwide plunged by 16 million barrels per day during the second quarter, the largest drop in a single quarter, according to a Bank of America Securities
There is still ‘little evidence’ that the UK government has confronted the enormous scale of reaching net zero, according to a new report by the Institute for Government. It warns that meeting the challenge of decarbonisation is more challenging than responding to the COVID-19 pandemic or getting Brexit done, as it will require transformations of
It is well known that COVID-19 has caused low energy demand and the growth of renewable energy across Europe. Now, Andrew Tang, Vice President for Energy Storage at Wärtsilä, predicts this will result in swift action to build better grid resiliency. The share of renewable power across Europe has skyrocketed over the last six
[I found this article very insightful and I agree with most of his points - it's well worth a read. Trevor] With the US presidential election campaigning in full flow, news and social media has descended into the depressing blue team versus red team idiocy that experience tells us leads nowhere. The supporters of
The impact of fossil fuels on the environment is pushing architects and engineers to make buildings greener — and, when possible, fossil fuel-free. Hundreds of design decisions can impact a building's energy efficiency, making fossil-fuel-free structures more or less workable. Multilayered window designs can trap heat, making climate control systems more efficient. Advanced appliances can
In general, the tale of photovoltaics in Europe has been a success story, albeit one not completely devoid of obstacles and hurdles. The idea of producing clean energy was pushed by tailwinds when CO2 emissions skyrocketed and the catastrophic Fukushima incident once more made us recognize the hazards of nuclear energy. However, the PV industry
New research suggests that power companies are dragging their feet when it comes to embracing green energy sources such as wind and solar. Only one in 10 energy suppliers globally has prioritised renewables over fossil fuels, the study finds. Even those that are spending on greener energy are continuing to invest in carbon heavy coal
FRANKFURT -- Elon Musk appears to be opening a new front in the European battle for electric-car supremacy: providing power for EVs. Musk's Tesla has recently acquired a license that will enable the automaker to trade electricity across western Europe and the company has also been surveying customers in Germany about potentially using Tesla electricity
The sad reality is that the blackouts rolling across California this week were both predictable and avoidable. The silver lining is that future blackouts across California are avoidable – if we invest in large-scale energy storage projects to provide on-demand power. Energy analysts have warned for years that California’s embrace of renewable energy sources –