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
Blue hydrogen strategies carry risks – ANU
30 November 2021
National plans that lack details on blue hydrogen specifications may not reduce emissions, say academics
BP announces Teesside green hydrogen project
29 November 2021
Firm hopes to develop the region as the UK’s first major hydrogen transport hub
Accelerating clean hydrogen
29 November 2021
Digital transformation will enable a greener shade of grey hydrogen from oil and gas facilities
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video