AlleyCat
2025-03-22 12:57:43 UTC
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PermalinkEurope's oil majors scale back climate ambitions.
Europe's oil and gas giants are increasingly scaling back their climate goals
as they struggle to deliver on their ambitious clean energy pledges.
[emphasis, links added]
In 2022, Norway's state-controlled energy giant Equinor ASA laid its roadmap
to achieving net zero emissions.
However, in February Equinor scrapped a pledge to devote more than 50% of its
gross capital expenditure to renewables and low-carbon solutions by 2030.
Equinor has also abandoned plans to invest in Vietnam's offshore wind sector,
dealing a significant blow to the country's green energy ambitions.
This marked the first time Equinor has abandoned offshore wind development;
in contrast, the company has previously exited more than a dozen fossil fuel
projects to focus on renewables and low-carbon systems.
"The energy transition has started, but the opportunity set for high-value
growth is more limited than we had anticipated," Equinor CEO Anders Opedal
said on Thursday.
Similarly, Equinor has announced that it will not move forward with plans to
build a pipeline to carry hydrogen from Norway to Germany with partner RWE,
citing a lack of customers as well as an inadequate regulatory framework.
Equinor was to build hydrogen plants that would enable Norway to send up to
10 gigawatts per annum of blue hydrogen to Germany.
Similarly, Shell has announced plans to cease new offshore wind investments
and is splitting its power division as CEO Wael Sawan looks to boost the
company's profitability.
"While we will not lead new offshore wind developments, we remain interested
in offtakes where commercial terms are acceptable and are cautiously open to
equity positions if there is a compelling investment case," a company
spokesperson said in a statement carried by Reuters.
Shell, like Equinor, appears to be systematically scaling back its clean
energy investments.
Earlier in the year, the company ditched plans to build a low-carbon hydrogen
plant on Norway's west coast due to a lack of demand.
"We haven't seen the market for blue hydrogen materialize and decided not to
progress the project," a Shell spokesperson told Reuters.
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Climate Change/Global Warming/CO² Explains EVERYTHING!
Climate Change/Global Warming/CO² makes for shorter winters, except for when
it makes for longer winters.
Climate Change/Global Warming/CO² means less snow, except for when Climate
Change/Global Warming/CO² means more snow.
And Climate Change/Global Warming/CO² causes droughts in California and
floods in Texas and Oklahoma and generally makes wet places wetter and dry
places dryer, except when it makes wet places drier and dry places wetter,
except when none of that changes at all, and then Climate Change/Global
Warming/CO² explains that too!
And Climate Change/Global Warming/CO² causes more hurricanes at the same time
as it causes less hurricanes.
Climate Change/Global Warming/CO² causes more rain but less water... and less
rain but more water?
And Climate Change/Global Warming/CO² causes more water vapour in the
atmosphere, at the same time it causes less rain... and less water vapour in
the atmosphere, when it causes MORE rain?
Climate Change/Global Warming/CO² decreases the spread of malaria at the same
time as it increases the spread of malaria.
Climate Change/Global Warming/CO² makes San Francisco foggier... Climate
Change/Global Warming/CO² makes San Francisco less foggy.
Climate Change/Global Warming/CO² causes duller autumn leaves... Climate
Change/Global Warming/CO² causes shinier autumn leaves.
Climate Change/Global Warming/CO² makes for less salty seas... Climate
Change/Global Warming/CO² makes for saltier seas.
Climate Change/Global Warming/CO² causes the polar ice caps to melt...
Climate Change/Global Warming/CO² also causes the polar ice caps to freeze.
Climate Change/Global Warming/CO² makes the Earth hotter, unless the Earth
isn't getting hotter... in which case, Climate Change/Global Warming/CO² can
explain that too.
What's the problem here? This sounds like the perfect scientific theory. It
can explain literally everything including self contradictory things.
This means it's absolutely perfect, doesn't it?
Well no, not according to Karl Popper and the philosophers of science and
within the philosophy of science there's something called the demarcation
problem... how do you differentiate science from pseudo-science?
The left won't LET you, and brands you a denierrrrrrr(whining).