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Carbon Capture Project Aims to Reduce Oil Sands’ Carbon Footprint

FuelCell Energy has signed a contract with investment firm Alberta Innovates for an engineering study on fuel cell carbon capture at a Husky Energy-owned heavy oil thermal facility near Lloydminster, Saskatchewan, Canada. The engineering study is part of a multi-phase project to show how commercial-scale fuel cells carbon capture can … Read more »

BP Invests $30M in Waste-to-Biofuel Producer Fulcrum BioEnergy

BP will invest $30 million in Fulcrum BioEnergy, which makes transportation biofuels from waste, and buy 500 million gallons of renewable jet fuel over 10 years in an effort to curb aviation emissions.

industrial plant emissions

Oil Giants to Invest $1 Billion in Carbon Capture, Low-Emissions Technologies

Oil and gas giants including Shell, BP, Statoil and Total today said they will invest $1 billion in low-emissions technologies including carbon capture over the next 10 years.

Tesla-SolarCity, Total-Saft Acquisitions: In the Race to Integrate Power Companies, Who Is Next?

Tesla-SolarCity, Total-Saft Acquisitions: In the Race to Integrate Power Companies, Who Is Next?

These are tough times for oil giants. They’re up against falling profits and facing threats from alternative fuels and battery technologies as global momentum shifts toward a low-carbon economy. To overcome these challenges, global oil “supermajors” should follow in the footsteps of Total — which bought energy storage company Saft … Read more »

BP’s Total Costs for Deadly Oil Spill Hit $62 Billion

BP’s total costs for the deadly Deepwater Horizon disaster is approaching $62 billion. The oil giant today said it expects a pre-tax non-operating charge associated with the 2010 Gulf of Mexico oil spill of around $5.2 billion, bringing the total bill for the environmental disaster to $61.6 billion. BP said … Read more »