Shell’s carbon capture plant creates more emissions than it captures

Oil giant Shell’s Quest plant has been designed to capture carbon emissions from oil sands operations and store them underground to reduce carbon emissions. However, according to a recent study by the human rights organization Global Witness, the facility actually emits more greenhouse gas emissions than it captures. Since 2015, it has prevented the release

NetZero by 2050 needs $9.2 trillion annual investment

The energy transition will be a very expensive and complicated endeavor in which different countries and regions will be unevenly impacted, analysts and forecasters have been saying for years.  The world cannot just flip the switch off on the current energy systems and start running on renewables, however noble, emission-reducing, and climate-protecting this sounds.  As

Global energy transition to cause short-term economic pain

The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will generate jobs,

South Korea’s move to label LNG as green fuel buys time for energy transition

South Korea’s move to include LNG in its taxonomy for green fuels will buy the country more time to transition to a net zero economy and help allay immediate concerns about energy security given its heavy dependence on gas for power generation. Government officials said that Seoul will prioritize the reduction of coal consumption for

Germany lays a path to quitting coal

In a coal heartland of Germany stands a monument to the source of its economic might: a giant mine more than a half-mile deep that once produced the largest amount of coal in the world. Built at the beginning of the Industrial Revolution, the Zollverein mine cemented Germany’s place as a coal behemoth. And its

Panel formed to prepare energy transition roadmap for India

The government is planning to draw up an energy transition roadmap for the oil and gas sector that could prove to be a key step on India’s path to net-zero emissions by 2070. The oil ministry has set up the Energy Transition Advisory Committee headed by former petroleum secretary Tarun Kapoor, who demitted office in