New York City is suing BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell, saying that each has contributed to global warming and has cost the city billions of dollars as it has tried to mitigate the harm done from such things as deviant weather patterns. The oil giants, though, are firing back, noting that they are on board with efforts to reduce heat-trapping emissions.
KWS, a subsidiary of Dutch infrastructure company VolkerWessels, along with processor Wavin and resin supplier Total have signed a cooperation agreement to develop roads made from recycled plastic waste, which the companies say is a sustainable alternative to traditional asphalt. The PlasticRoad concept, introduced last year by KWS, involves recycling … Read more »
Microsoft founder Bill Gates and global energy giant Total are investing $14 million to help commercialize a technology that may produce cheaper bioplastics and biofuels. Renmatix’s Platrose technology converts waste biomass to cellulosic sugars, which then can be used as feedstock for chemicals and fuels. This process uses supercritical water … Read more »
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 »