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Tag Archives: energy transition

Insight Conversation: Sashi Mukundan, BP

Sashi Mukundan is president of BP India and senior vice president of BP Group. He spoke to Sambit Mohanty on how BP’s aspiration to transform itself into an integrated energy company will allow it to play a bigger role in India’s transition toward cleaner fuels like gas, hydrogen and renewables, while pursuing its retail fuel and gas production ambitions with its partner Reliance Industries. What are BP’s expansion plans in India? With its many investments in energy businesses, BP is...

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BP’s summer surprise shines spotlight on stranded oil, gas assets: Fuel for Thought

BP’s bold August strategy move for a faster pivot to cleaner energy shows the extent to which Big Oil has been forced to consider the financial consequences of climate change on fossil fuels. The major’s much-vaunted shift to become an integrated energy company (IEC) and face the energy transition head-on took some by surprise. The industry’s push into renewable energy, electrification and ever more ambitious pledges to pursue net-zero emission targets has been a slow but...

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Deglobalization trend gains pace in lithium battery supply chain

The COVID-19 crisis has exacerbated concerns across the lithium-ion battery industry about China’s dominance of the supply chain. The pandemic has also highlighted the need for local supply chains, in order to improve sustainability and work towards net zero targets. Despite some momentum, however, the development of regional supply chains still faces challenges that go beyond simply raising equity. Although there has been controversy about Chinese dominance, other regions such as South...

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Oil demand may climb new peaks in post-coronavirus world: Fuel for Thought

While the coronavirus pandemic may have done permanent damage to oil consumption in the transport sector, strong growth in petrochemicals suggests peak oil demand could still be a couple of decades away. Changing demand patterns also raise big questions as to how refineries and producers adapt in the post-pandemic world before demand falls from its eventual summit. An accelerated shift to cleaner energy and electric vehicles, along with vehicle efficiency improvements, had already started to...

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Insight Conversation: Edgare Kerkwijk, Asia-Pacific Hydrogen Association

Edgare Kerkwijk spoke to S&P Global Platts Senior Editor Sambit Mohanty on how hydrogen is garnering attention among policy makers  and industry leaders in Asia as the  region prepares for energy transition. Kerkwijk is a member of the board of the Asia-Pacific Hydrogen Association, a regional industry platform that aims to promote the interests of the hydrogen sector. Its members include utilities, power project developers, equipment manufacturers, technical consultants and financial...

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Insight Conversation: Ian Johnston, Engenie

Engenie is a London-based electric vehicle charging infrastructure company partnering with commercial landlords across the UK to grow the country’s public charging network. CEO Ian Johnston spoke to S&P Global Platts about the current landscape of EV public charging networks in the UK, the importance of making charging infrastructure customer friendly, and how EVs will support the transition to renewable energy. How much charging capacity has Engenie installed to date and how would you...

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Insight Conversation: Philippe Sauquet, Total

Philippe Sauquet, president, gas, renewables and power at Total, spoke with Stuart Elliott about the company’s energy transition strategy and trends in a number of sectors, from LNG to hydrogen. France’s Total was the first mover among European oil and gas majors to announce its ambition to become a greener company, creating in 2016 a separate division for gas, renewables and power under the leadership of Philippe Sauquet. Since then Total has made a number of high-profile acquisitions...

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Insight Conversation: Marco Dunand, CEO and co-founder, Mercuria

Mercuria’s Marco Dunand talked to S&P Global Platts about the challenges, implications, and opportunities that the coronavirus pandemic presents across all the key commodity classes in a time of unprecedented volatility in the global markets. Founded in 2004, Mercuria Energy Trading is one of the world’s biggest independent energy traders with a turnover of $116 billion last year. Operating in more than 50 countries, Mercuria trades oil, petrochemicals, biofuels, natural gas and...

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US election and climate policy: Biden platform points to carbon price with broad coverage

With former Vice President Joe Biden now the presumptive Democratic nominee in the upcoming 2020 presidential election, a better sense of US climate policy under a potential new Democratic administration is now taking shape. While Biden has said that he would recommit the US to the 2015 UN Paris Agreement on climate change, additional domestic policies will be necessary to meet the greenhouse gas (GHG) target that the US originally committed to under this agreement, of a 26-28% cut vs. 2005...

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Injecting hydrogen in natural gas grids could provide steady demand the sector needs to develop

Governments and utilities worldwide are looking to low- and zero-carbon hydrogen injection into the natural gas grid to displace fossil fuel consumption and reduce emissions. S&P Global Platts Analytics’ Scenario Planning Service took an in-depth look into this topic in an April special report, Hydrogen injection into California gas grid: a strategy to solidify demand to drive supply. Hydrogen has a much lower energy density than natural gas on a volumetric basis. For this reason,...

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