Shell to Accelerate Drive to Net-Zero
In support of limiting the global temperature rise to 1.5° Celsius, Shell Global has announced a new comprehensive carbon management approach intended to accelerate its transition to net-zero and create value for shareholders. Shell has also confirmed that its total carbon emissions peaked in 2018 and that its oil production peaked in 2019. Read more here.
Bill Gates backs New Methane Reduction Tech
C-Zero, a startup that converts natural gas into hydrogen and solid carbon using molten salt, has raised $11.5MM of investment in a recent funding round backed by Bill Gates. The startup, which can currently produce about 10 kg of hydrogen per day in a pilot plant, has plans to produce over 1,000 kg/day in a commercial unit. Read more here.
Canadian Asset Manager Pursues Massive Climate Fund
Canada’s Brookfield Asset Management is working to build one of the world’s largest climate-focused investment funds, to be valued at $7.5 billion. Mark Carney, former Bank of England Governor, believes that solutions to climate change are the biggest commercial opportunity in the world. Carney anticipates that $3 trillion/year in capital investments for climate change solutions will be required for decades. Read more here.
ARC Resources and Seven Generations Announce Strategic Montney Merger
SeekOps and Sky-Futures Team Up to Expand Drone-Based Methane Monitoring Services
Gas Technology Institute joins Methane Guiding Principles
The U.S.-based Gas Technology Institute (GTI) has committed to support signatories to the Methane Guiding Principles in their efforts to reduce methane emissions, improve methane emissions data, and increase transparency. As a supporting organization, GTI will lend methane reduction expertise to signatories on a global basis. Read more here.
Report: Models Suggest that Canada’s 2050 Net-Zero Aspirations are Achievable
A new report called “Canada’s Net Zero Future” by the Canadian Institute for Climate Choices has evaluated over 60 scenarios to chart pathways towards net-zero. Results suggest that reduction targets can be achieved, but that key decisions must be made by government sooner rather than later. The report also emphasizes that we must rely on a range of solutions, and that knowledge from the oil and gas industry could prove to be an important asset. To read more about the report, which goes into great detail, click here.
Webinar: Differentiating the Global Gas Market
MiQ, a recently launched collaboration between the Rocky Mountain Institute and SYSTEMIQ, is making waves in the world of certified gas. If you want to learn more about the future of differentiation, MiQ’s first webinar is a good place to start. Click here for an introduction by Senior Advisor Georges Tijbosch and to view a recording of the free webinar.
Webinar: Methane Detection & Quantification in a Rapidly Evolving Landscape
The Society of Petroleum Engineers, the Oil and Gas Climate Initiative, the International Petroleum Industry Environmental Conservation Association, and the International Association of Oil and Gas Producers are teaming up to deliver a webinar on detecting, localizing, and quantifying methane emissions from the oil and gas industry. Learn more and register for free here.