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Oil supermajor, Exxon Mobil yesterday chalked out an action plan to reduce the methane emission from its operations, outlining its efforts as governments around the world formulate stringent environmental norms. Exxon is majorly hoping for governments to adopt the procedures the firm undertook over the past two years to reduce methane emissions by 20% in some of its US drilling operations.
Oil supermajor, BP Plc has established a new purpose and 2050 net-zero emissions plan. BP's new Group CEO, Bernard Looney said the company does not currently have short-term targets, adding: “We don’t expect progress to be in a straight line. But make no mistake… The direction is set.” BP has published a ten-point plan, that proposes a company restructuring, a new corporate purpose and an ambition to continue evolving despite changes.
The International Energy Agency (IEA) on Monday said that the oil and gas firms must increase their investment in low-carbon energies. Otherwise, they would face a global backlash that could jeopardize their long-term profits and social acceptance. “Every part of the industry needs to consider how to respond. Doing nothing is simply not an option,” IEA’s Executive Director Fatih Birol said. IEA suggested the sector to boost investments in the cleaner fuels.
A car show in central Brussels met with staged demonstrations from protest group Extinction Rebellion on Sunday, who rallied against the role of auto-industry in CO2 emissions. The protests forced the police to detain 185 protesters, and the show’s security personnel briefly halted admittance to the area. Extinction Rebellion was said to have targeted the show because the car industry told “a lot of lies in order to sell more cars”.
India's ONGC has been given Environment Clearance (EC) for its onshore exploration, development and production of oil and gas in 100 locations in the non-forest area of Assam. According to official documents, the firm is investing Rs 3,500 crore in the project. "The EC is however subject to obtaining prior permission from the wildlife angle, including clearance from the Standing Committee of the National Board of Wildlife", informed ONGC.
A fuel spill in the Galapagos Islands set off emergency protocols across South American country, Ecuador on Sunday. The spill came after a barge transporting 600 gallons of diesel fuel sank, officials said. The accident, which took place at a port on San Cristobal Island, happened when a crane buckled while stacking a container onto the barge. The falling container destabilized the ship, causing it to sink.
After Total, BP has also come together with the companies across the plastic value chain to rapidly improve the recycling technology. “This is an exciting step towards a circular economy for the polyester industry”, says BP. The cross country partners of BP are Danone SA and Unilever NV, and recycling specialist ALPLA. However, BP has been already working on a technology called Infinia which is used for polyethylene terephthalate.
Oil supermajor, ExxonMobil took a big sigh of relief on Tuesday when Judge Barry Ostrager acquitted the firm in the 4-year long New York Climate-Change securities fraud trial. The ruling for the $1.6 billion lawsuit read, “The Office of the Attorney General failed to prove, by a preponderance of the evidence, that ExxonMobil made any material misstatements or omissions about its practices and procedures that misled any reasonable investor,”.
In unprecedented discussions, the Indian Parliament yesterday debated the air toxicity currently threatening the 48 million people residing in the Delhi NCR region. The debate saw opposition leaders demanding the government to set up a parliamentary panel to find long-term solutions to the problem. The air quality index in New Delhi exceeded 500 this month, about 10 times the recommended limit.
Energy major, ExxonMobil has been slammed by New York's attorney general for lying to the investors about its future profitability. The lawsuit against the company that will go for trial on Tuesday claims that the firm has been maintaining two sets of books; one for climate change regulations and the other underestimating the costs. This has made the firm appear more valuable to investors.
In protest against Shell’s plan to abandon parts of the giant structures in place in the British North Sea, Greenpeace activists, yesterday, boarded two Royal Dutch Shell oil platforms in the region. Photographs show two people climbing one of the giant, rusty structures and unfurling a banner which read “Clean up your mess, Shell!”. The British supermajor is currently looking for Governmental approval to abandon the steel legs of the platforms.
India’s biggest oil guzzler, IOCL has built an 850 metres long road by using 16 metric tonnes of single-use plastic waste in bitumen concrete. The downstream major has also called for ‘expression of interest’ from different parties and aggregators to regularly provide commercial amounts of such waste. IOCL officials said that the road was constructed outside the firm’s R&D facility in Faridabad on an experimental basis.
German clean-tech company Sunfire and Total have joined hands for a pilot project in Germany. The companies will try to produce methanol from renewables and carbon dioxide at the Leuna refinery. A plant is being constructed at the refinery which will be completed next year and production is expected to start in 2021. The plant will produce 500 tonnes of green methanol in the first three years.
The United Nations Climate Action Summit yesterday experienced an angry teenager climate change activist Greta Thunberg condemning world leaders for failing to take strong measures to combat climate change. “How dare you,” she said. “You have stolen my dreams and my childhood with your empty words,” the little climate change activist said. U.N. Secretary-General Antonio Guterres convened the summit in New York.
Ahead of its annual stakeholder dialogue event, the Oil and Gas Climate Initiative (OGCI) has kickstarted a series of initiatives to facilitate carbon capture, use and storage (CCUS) and reduce emissions. The initiative is projected to unravel huge investments in CCUS and create the necessary conditions for a CCUS industry. The OGCI is looking to double the volume of CO2 currently stored worldwide before 2030.
Fife Ethylene Plant (FEP) at Mossmorran is operated by ExxonMobil. The plant is having flaring issues and Exxon has decided to invest £140m to reduce it. The plant manager of FEP said, "These planned investments demonstrate our commitment to long-term reliable operations at the site". Flaring accompanied by thick black smoke has become quite frequent which disturbs the residents. They have also complained of noise and light disturbance.
India's energy giant, ONGC has been fined Rs 2.05 crore by the Pollution Control Board, Assam. The board has slammed the firm for violating an order by the Supreme Court and causing pollution to the environment. ONGC disobeyed environmental laws in its six wells of Assam. The company will have to submit this amount within one month of the issuance of the order.
Environmental expert, RD Tripathi has denied the threat of an oil spill from the sinking of the dredger, Tridevi Prem, which sank near Mangaluru on September 2. Talking to reporters on Friday, Tripathi reasoned that since there was no blast or damage to the ship while it sank, the fuel compartments will remain intact. Chairman, NMPT had a similar reply, who based his argument on the water samples from the site.