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How the war is shaping Big Oil's transition strategy | Hellenic Shipping News Worldwide

How the war is shaping Big Oil's transition strategy | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

France General , United States , Luke Parker , Tom Eliacott , Wood Mackenzie , Big Oil , Paris Agreement , Euro Majors , Euro Major ,

Big Oil's separate paths to decarbonisation | Hellenic Shipping News Worldwide


Big Oil’s separate paths to decarbonisation
There’s more than one way to set about decarbonising an oil and gas giant. The Euro Majors are diversifying away from oil and gas, making significant investments in renewables and have plans to invest all along the low-carbon value chain. They’ve also set net-zero 2050 emissions targets, a sending a strong message to stakeholders on the direction of travel.
The US Majors are treading a more conventional path. ExxonMobil and Chevron are yet to set net-zero targets. Their strategy is all about hydrocarbons, but for a business that’s more efficient, creates more value and emits less carbon. I asked Tom Ellacott, SVP Corporate Analysis, how he sees the US companies’ approach evolving. ....

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2020: Europe's Energy Transition in 5 Trends


With 2030 climate targets up for renewal, a new set of European commissioners in place, and the post-Brexit relationship to negotiate, this year was always going to be a big one for Europe’s energy transition. Here s an outline of the most important trends of 2020, starting with the emergence of a green hope from the disaster of the coronavirus pandemic. 
The Green Deal turned into a green recovery
The prospect of a European Green Deal emerged in the manifesto of sorts presented by the then European Commission President-elect Ursula von der Leyen. The former German defense minister, a longstanding presence in Chancellor Merkel’s cabinet, was nominated without ever campaigning. With no agreement among European leaders on the candidates that did step forward, von der Leyen’s vision for Europe came a year after the campaigning was over. The Green Deal had top billing. ....

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