To help fight climate change, France’s Total commits to leaving some fossil fuels in the ground. One of the world’s biggest oil companies is factoring global goals for combating climate change into its multi-decade business plan. French oil giant Total acknowledged in a report released Tuesday that “a part of the world’s fossil fuel resources
ADDRESSING a high-profile audience of the Thai energy sector last week, Stanford University lecturer and Silicon Valley investor Tony Seba minced no words in warning them that petroleum, which had been a source of livelihood to many of them, would become obsolete by 2030 or sooner. Citing four key technologies – energy storage, electric vehicles,
The bigger they are, the harder they fall. But the oil industry will prove a slippery target for ambitious tech disrupters In the slick, disruptive world of 21st century business, where we are frequently told change is the only constant, the oil majors are starting to look like they belong in a museum. Indeed, like
The average price of a barrel of oil has plummeted from over 120 USD / barrel to about 30 USD /barrel in the last three years. There may be a lot of geopolitical reasons why this has happened. There is also an analysis of how long this will persist. Relations between Saudi-Arabia and Iran, the
Last week, I explained a dismaying reality for planet-savers everywhere: Not even mega-blowout sales for Tesla’s new Model 3 sedan are enough to substantially green and decarbonize our global transportation system. There are simply too many cars on the road and too many new cars sold each year — the vast majority of which run
Patterns show that the move to cleaner energy would be quick if there was a concerted effort. The quest to end the use of fossil fuels might not be as daunting as you think. A University of Sussex study claims that humanity could drop coal and oil within a decade, based largely on historical evidence
[7 April] Last week Tesla unveiled the Model 3, a mass market, affordable electric vehicle with a starting price of $35,000 and a two hundred mile range. In just over five days, more than 276,000 people put down $1,000 to reserve their own Model 3, signaling that American appetite for electric vehicles (EVs) is on
RAC says prices have risen 3.4p a litre on average – the first increase on the forecourts since July 2015 Motorists have been warned that the period of lower fuel prices is over after the cost of petrol rose last month for the first time since July 2015. Experts said the 3.4p a litre rise
The response to our article on Monday “Tesla Motor’s Elon Musk just killed the petrol car” was as fascinating as it was overwhelming. It is on track to be the most read story on our web-site to date. The response was fascinating because it came from a mixture of those prepared to imagine the future,
Richard Heinberg, senior fellow at the Post Carbon Institute, says a truly green transportation system would stop relying on cars and discusses the Tesla Model 3 as a mass-market electric vehicle
