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Will Covid-19 Permanently Shrink The Fossil Fuel Industry?

R-Squared Energy

The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. The fossil fuel industry has faced an oversupply problem, as well as a public relations problem.

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Vast Majority of Global CO2 Emissions Tied to Just 57 Entities

DeSmogBlog

Since the Paris Agreement was signed in 2015, a small number of fossil fuel entities — just 57 corporate and state producers — have been responsible for 80 percent of planet-warming carbon dioxide (CO2) emissions. Chinese coal alone accounts for 25 percent of global fossil fuel CO2 emissions. million barrels of oil.

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MAS Launches Singapore-Asia Taxonomy

Latham's Clean Energy Law Report

Green , James Bee , and Kevin Mak On 3 December 2023, the Monetary Authority of Singapore (MAS) unveiled the Singapore-Asia Taxonomy for Sustainable Finance (Taxonomy) at the United Nations COP28 climate conference in Dubai. Davies , Farhana Sharmeen , Michael D. beyond those that have already been signed by December 2023).

Asia 52
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Why Exxon Is Suing Its Shareholders

DeSmogBlog

Follow This and Arjuna Capital’s now-withdrawn resolution encouraged Exxon to put a plan in place to reduce the “Scope 3” emissions that arise from the use of its fossil fuel products. The groups had filed the same resolution in 2022 and 2023, and both times, Exxon advised its shareholders to vote against it.

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U.S. Crude Oil Export Surged to New Record in 2023

R-Squared Energy

In December 2015 they got their wish when President Obama signed into law a $1.15 crude oil exports have been Europe, Asia, and Oceania. BPD, slightly surpassing exports to Asia and Oceania, which stood at 1.7 trillion spending bill that contained several energy provisions. oil exports in 2023, followed by China and South Korea.

Oceania 78
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Will low-carbon hydrogen will be the silver bullet in APAC?

Renewable Energy World

On Thursday the 19 th of August, the Climate Council in partnership with the law firm Shearman & Sterling, hosted an intriguing panel to discuss a major topic in the energy industry: Will low-carbon hydrogen be the silver bullet in APAC? By David Stent. But the question remained, “how low carbon is low-carbon hydrogen?”

Hydrogen 103
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Smart Energy Finances: Funding for Capalo AI’s market optimisation platform

Smart Energy International

“This means less of a need for reserve power plants that mostly use fossil fuels to produce electricity, which then leads to less carbon dioxide emissions.” Closing, which is subject to the applicable employee consultation process in accordance with Dutch law, is expected by the end of 2023. A subsidiary of E.ON

Energy 119