MenuWalmart, which generated $524 billion in revenue last year and employs some 2.2 million associates around the world – recently made headlines with an ambitious pledge to reach zero emissions by 2040. The multinational company also declared a commitment to restore at least 50 million acres of land and one million square miles of ocean by 2030. Along
Monthly Archives: September 2020
Airbus Unveils Designs For Hydrogen-Powered Aircraft Which Could Be Flying By 2035
This week Airbus, the biggest name in aerospace after Boeing, revealed three concepts for the world’s first zero-emission commercial aircraft which could enter service by 2035. Rather than traditional jet fuel (kerosene — an oil distillate) all three ‘ZEROe’ designs rely on hydrogen (H2) as their primary fuel source alongside batteries to power hybrid engines. Continued
Turkey Finds Enormous Gas Field In The Black Sea — But Tricky Process Ahead
In late August, Turkey’s president Recep Tayyip Erdogan announced that the Turkish Petroleum Corporation (TPAO)’s FATIH drilling ship discovered a 320 billion cubic meters (bcm) i.e. 11 trillion cubic feet (tcf) of natural gas reserves in the Black Sea, within the western part of Turkey’s Exclusive Economic Zone (EEZ). The reserve — identified to be
Strategic Vacuums Resulting from U.S. Retreat
Geopolitics – like nature – abhors a vacuum. History is replete with examples that demonstrate how the rapid depressurization of a power pulling out from a region too quickly or too soon can lead to instability in the form of civil wars, military coups, or genocide. U.S. disengagement from key areas of Eurasia would create
Turkey’s gas find in the Black Sea: How big is this Tuna?
Turkey is a primary destination for US liquefied natural gas (LNG), but a change may be over the horizon. In late August, Turkey’s president Recep Tayyip Erdoğan announced that the Turkish Petroleum Corporation (TPAO)’s drilling ship FATIH discovered a 320 billion cubic meters (bcm) of natural gas reserves in the Black Sea, within the western
The Age Of The ‘Megafire’ Is Upon Us
The west coast of the United States is ablaze. Nearly 100 wildfires burning from San Diego to Seattle have devastated communities, killed at least 14 people, incited rolling blackouts, and caused billions of dollars in damages. California has seen a record-setting 2.5 million acres burned thus far in 2020, with the cooler and damper Pacific Northwest approaching
Poland urges Germany to stop Nord Stream 2
As the Navalny case respins the geopolitical kaleidoscope, Poland is pushing Germany to scrap Nord Stream 2. DW looks at Berlin’s options for the costly, controversial and delayed gas pipeline. Continued
Solar Power Prices Sink In The Age Of COVID
Solar module prices in the US and around the world are plummeting, and this has far-reaching implications for humanity’s transition from the age of hydrocarbons to the age of electrification. I have repeatedly defended on these pages that renewables will win out once they become economically competitive with fossil fuels and nuclear. Continued