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Biden's budget proposal released Friday has targeted specific tax provisions that benefit the fossil fuel industry, and aims to eliminate measures that will generate $35 billion over the course of a decade
16 April 2021 10:35 GMT Updated 16 April 2021 11:40 GMT Offshore wind and green hydrogen are “uniquely suited technologies” that could combine to play a massive role in the global energy transition – but must move quickly to achieve scale, technical reliability and price-competitiveness to achieve their joint potential, key players spanning the two sectors told a Recharge event. Vast H 2 production via electrolysis powered by gigawatt-scale offshore wind projects to wean sectors such as transport and heavy industry is widely seen as a potential “skeleton key that will help unl...
Winds of change: how Enel and Iberdrola powered up for the energy transition Toggle share menu Advertisement Winds of change: how Enel and Iberdrola powered up for the energy transition Europe's biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil. FILE PHOTO: Iberdrola's power generating wind turbines are seen at dusk in Moranchon wind farm in central Spain December 17, 2012. Picture taken Decemb...
How Enel and Iberdrola powered up way back for the energy transition Once-staid utilities are among green energy majors going into battle with Big Oil 06 April 2021 - 09:31 Stephen Jewkes and Isla Binnie Solar panels in the desert. Picture:REUTERS/FABIAN ANDRES CAMBERO Milan/Madrid — Europe’s biggest utilities Enel and Iberdrola saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil. Thanks to early decisions to buy power grids and build renewable plants, t...
Premium Content WoodMac's Dramatic Plan For A 600% Carbon Tax By Alex Kimani - Mar 07, 2021, 2:00 PM CST Last week, several Big Oil companies executives met at CERAWeek by IHS Markit energy conference to discuss, among other things, Strategies for the Energy Transition, Climate & ESG. An overriding theme that emerged from the symposium is that Big Oil considers carbon capture technology as being absolutely necessary in our fight against climate change. Exxon Mobil (NYSE:XOM) and Occidental Petroleum (NYSE:OXY) chiefs have said that the world still needs oil and gas, and governme...