Related Articles
Raffinerie Heide is set to become a ‘green refinery’
Forward article link
Share PDF with colleagues

Big Oil’s climate flight

Hydrogen is key to strategy to decarbonise, with the development of ‘green’ refineries showing how it can be done

From increasing shareholder activism to shifting political tides, Big Oil has reached a tipping point in its fight against climate change. But the industry can remain resilient in the face of such strong headwinds while playing an active role in the global energy transition. In May 2021, the IEA warned that there can be no new investments in oil and gas if the world is to reach net zero by 2050. One week later, three of the world’s largest oil and gas companies—Shell, ExxonMobil and Chevron—were dealt crushing blows as boardrooms and courtrooms alike mandated they set more aggressive emission reduction targets. Praised by climate activists as a much-needed wake-up call for the industry, th

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iberdrola’s Avangrid sets sights on US green hydrogen push
30 July 2021
US unit proposes multiple green hydrogen projects as it looks to leverage its portfolio of wind and solar generation
EIB signs deal with Hydrogen Europe
29 July 2021
Bank will provide financial advisory support and financing products for nascent green hydrogen projects
World’s first tidal hydrogen project underway
29 July 2021
Floating turbine will generate electricity from tidal movements and power onshore electrolyser
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video