oil
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Big Oil’s Climate Plans Don’t Come Close To Meeting The Paris Agreement
Climate action plans are all the rage for polluting companies. Last month, Shell pledged to reach net-zero carbon emissions by 2050. It’s just the latest example: Other oil giants have recently made similar pledges as well. These pronouncements use pseudo-inspirational marketing speak, promising to “leverage” their “assets” to “reimagine” the “future.” But as a new…
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Surplus Is Forcing Traders To Store Global Oil Supply In Tankers At Sea
Right now, the world is producing way, way too much oil. We just have too much of the stuff. This is causing some very serious political and economic headaches right now, but it’s a boom for oil traders storing oil in tankers all over the world’s oceans.
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Toyota CEO Predicted Peak Oil By 2020 Back In 2009
Toyota’s North American CEO, Jim Lentz, predicted back in 2009 that by 2020 the world would hit peak oil—the idea that the world’s demand for oil would exceed the world’s supply of oil. And since we’ve officially entered the year 2020, it feels like an appropriate time to look at whether his prediction was correct.…
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Campaign Aides Let The United Arab Emirates Make Changes To Trump’s ‘America First’ Energy Speech
Aides to now-President Donald Trump let senior United Arab Emirates officials look at and edit a 2016 campaign trail speech in which he laid out his “America First” energy policy, America’s ABC News reported on Tuesday.