Tag: Decarbonize

New report explores viable strategies to decarbonize the gas distribution industry

Stuart Mitchell

Ceres recently published a report that provides guidance for investors to effectively influence and support utility companies in decarbonizing the gas distribution industry and align with the global goal of limiting warming to 1.5 degrees Celsius.  Decarbonizing U.S. Gas Distribution: An Investor Guide provides insight into the diverse decarbonization options that can be deployed to viably reduce the industry’s greenhouse gas emissions. The report also underscores the financial importance of decarbonization in the utility sector, citing the substantial investor-owned assets totaling $379 billion in the gas distribution industry. By embracing…

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Amazon Adopts Green Hydrogen to Help Decarbonize its Operations

Stuart Mitchell

Amazon have announced that the company has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations starting in 2025. The company will start to use green hydrogen to replace grey hydrogen, diesel, and other fossil fuels as it works to decarbonize its operations, and this green hydrogen supply contract will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks used in long-haul transportation. “Amazon is proud to be an early adopter of green hydrogen given its…

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Launch of Carbon Capture Project to Decarbonize Liquefied Natural Gas Production at Cameron LNG

Stuart Mitchell

TotalEnergies has signed an agreement with Sempra Infrastructure, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the Hackberry Carbon Sequestration (HCS) project at Cameron LNG, a natural gas liquefaction and export facility located in southwest Louisiana, U.S. The HCS project is primarily designed for capture, transportation, and storage of carbon dioxide (CO2) from Cameron LNG. The CO2 will be captured by the acid gas removal units, dehydrated, compressed, and transported by pipeline about 10 kilometers away. It will then be permanently stored in a saline aquifer using…

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Six Global Financial Institutions Chart a Flight Path to Decarbonizing Aviation

Stuart Mitchell

Six top lenders to the aviation sector — Bank of America, BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale and Standard Chartered — have announced that they will partner with RMI’s Center for Climate-Aligned Finance to help decarbonize the aviation sector through the formation of the Aviation Climate-Aligned Finance Working Group. The Working Group aspires to create a collective climate-aligned finance (CAF) framework that defines common goals for action for aviation sector decarbonization. The CAF framework is a commitment by participating financial institutions to annually assess and disclose, consistent with…

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Cepsa and the Iberia Group seal an ambitious strategic alliance to decarbonize air transport on a large scale

Stuart Mitchell

The Chairmen of Iberia and Iberia Express and the CEO of Cepsa have signed an agreement to help decarbonize the airline industry through R&D into sustainable fuels and other alternative energies such as renewable hydrogen and electricity with the aim of promoting sustainable mobility for aircraft and the fleet of airport ground vehicles.   For all three companies, the development of sustainably sourced aviation fuels (SAF) is a priority for moving towards an increasingly low-carbon industry and contributing to the achievement of the 2030 Agenda. This project, which includes SAF research…

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