BP to Cut Oil Production 40% by 2030, and Invest Billions Into Green Energy

bp today introduces a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers. Within 10 years, bp aims to have increased its annual low carbon investment 10-fold to …

Polar Bears Could Be Nearly Gone by 2100, Study Finds

A new study has found that polar bears could be gone by 2100 unless greenhouse gas emissions are reduced. Rising global temperatures, due to carbon emissions, have caused large amounts of Arctic sea ice to melt, leaving polar bears with smaller habitats to sustain themselves on. The study is the …

The Oil & Gas Industry Doesn’t Have a Bright Future

The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result. …

Multi-Purpose Enamelled Tanks of Excellent Resistance

Having heard that one company was established in 1828 and that 85 per cent of their products are exported worldwide, these are the credible facts. The company we talk about is Witkowitz, the famous Czech corporation, which apart from inheriting almost two centuries long tradition, has a new look. One …

Two Thirds of World’s Citizens Agree Climate Change Is as Serious as Pandemic

A new Ipsos poll conducted in 14 countries finds that 71% of adults globally agree that, in the long term, climate change is as serious a crisis as Covid-19 is. The survey shows widespread support for government actions to prioritise climate change in the economic recovery after Covid-19 with 65% …

Trucks-to-Trains Swap Significantly Cuts Emissions in Volvo Cars Logistics Network

Volvo Cars is significantly cutting CO2 emissions in its logistics operations by switching transports between its manufacturing plants and new car depots from trucks to trains. Especially in Europe, where trucks are still ubiquitous in transporting new cars to distribution depots and dealerships in individual markets, the company is in …

Oil Price Volatility Will Give a Boost to Renewables

Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi Arabia and Russia — has sent the price of oil plunging to lows not seen in years. You …