-
Guterres: Oil companies have peddled 'big lie' on climate change
Speaking at the World Economic Forum in Davos, UN Secretary General Antonio Guterres accused big oil companies of peddling the 'big lie,' on Wednesday calling for them to be held accountable.
Subscribe to. Guardian Newson YouTube ► http://bit.ly/guardianwiressub
'Today fossil fuel producers and their enablers are still racing to expand production knowing full well that these business models is inconsistent with human survival,' he said.
Guterres also warned that the world was 'flirting with disaster', warning that global temperature pledges were at risk of being breached. 'The commitment to limit global temperature rise to 1.5 degrees is nearly going up in smoke. Without further action we are headed to a 2.8 degree increase.'
The Guardian publishes independent journalism, made possibl...
published: 18 Jan 2023
-
Why are oil and gas companies making huge profits? | Al Jazeera Newsfeed
The world’s biggest oil and gas companies have posted record profits in the past quarter, while consumers have been struggling with high energy bills. So what’s going on?
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
@AljazeeraEnglish
#Aljazeeraenglish
#News #Oil #Gas #Profit #Record #Profits #Econnomy #Energy
published: 21 Aug 2022
-
Oil companies post massive profits as consumers feel squeeze from high gas prices
High gas prices are on the minds of Americans a week before the election. At the same time, oil and gas companies are reporting record-breaking profits. President Biden lashed out and called for a new windfall tax if companies don't use some of that money to lower energy costs for American consumers. New York Times energy correspondent Cliff Krauss joined William Brangham to discuss.
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published: 01 Nov 2022
-
How Oil Fueled The World's Biggest Company
The world’s most valuable company is not Apple, Amazon, or Google. That crown instead belongs to Saudi Aramco. This is the story of how an oil company that started out as an American dream became Saudi Arabia's cash cow.
--------
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published: 24 Jan 2020
-
Oil companies ‘are just printing cash,’ analyst says
#oilcompanies #oil #oilprices #yahoofinance
Truist Analyst Neal Dingmann and Vanda Insights Founder Vandana Hari join Yahoo Finance Live anchors Brian Sozzi, Inez Ferre and Julie Hyman to discuss what a full reopening of the Chinese economy would mean to oil markets moving forward, energy stocks, global recession risks, how oil companies are benefiting from the Russia-Ukraine war, and the outlook for oil and energy in 2023.
Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes
WATCH HERE:
https://youtu.be/Sb179GLPNYE
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your ...
published: 09 Dec 2022
-
CEOs at major oil companies come under fire for high gas prices
Former Labor Secretary Robert Reich and Resources for the Future Fellow Daniel Raimi join Newsroom to discuss CEOs at major oil companies coming under fire for the rising gas prices and how a solution could be found to benefit consumers. #CNN #News
published: 06 Apr 2022
-
Top 10 Oil And Gas Companies In The World | The World Biggest Oil and Gas Industry
Top 10 Oil And Gas Companies In The World | The World Biggest Oil and Gas Industry
#oilandgascompanies #top10worldtrend
---------------------------------------------------------------------------------------------------------
Top 10 World Trends Channel Provides you Knowledgeable Videos. Such as Education, History, Company Job Etc. I Hope you Like the Videos in this Channel.
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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for 'Fair Use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research, Fair use is a permitted by copyright statute that might otherwise be infringing, Non-profit, educational or personal us...
published: 19 Mar 2020
-
The Secret Ways The Oil Industry Brainwashes You | Smog + Mirrors
Energy companies have secretly begun to infiltrate governments, courts and banks to ensure that society will always be powerless to stop the oil.
A highly paid network of politicians, lobbyists and investors are conspiring from the shadows to block climate action, sacrificing humanity itself for short term profit. These people are the biggest threat to our planet right now and they’re winning.
Under the cover of anonymity, four whistleblowers have agreed to reveal to us how these dark arts work, and how they’ve changed the fabric of reality itself in order to keep selling us fossil fuels.
#Climatecrisis #Vicenews #Earthday
Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE
Watch Next:
Make the World Greta Again
https://youtu.be/oCVQdr9QFwY
Gen Z’s War on Climate Cha...
published: 25 Apr 2022
-
Why Many Oil Companies Are Preparing For Bankruptcy Filings | Forbes
Like many major industries, the global pandemic has hit the oil and gas sector hard. While consumers benefit from low gas prices, many oil companies are expected to file for bankruptcy in 2020 in order to restructure their finances.
In the past month, Ultra Petroleum, Fieldwood Energy, Whiting Petroleum, Sanchez Energy, Diamond Offshore and others have announced restructurings. More companies are reportedly prepping Chapter 11 filings, including Oasis Petroleum, Denbury Resources, FTS International and that onetime champion of the Great American Fracking Boom: Chesapeake Energy.
Read the full profile on Forbes: https://www.forbes.com/sites/christopherhelman/2020/05/18/oil-is-back-tweets-trump-not-so-fast-says-reality/#5c1d577ad948
Subscribe to FORBES: https://www.youtube.com/user/Forbes...
published: 11 Jun 2020
-
Oil and gas companies are facing major technological disruption
Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Their survival plans involve carbon storage and floating wind farms. Meanwhile, one small German village is showing how large companies aren't always essential.
Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7
Over 80% of the world's energy needs are provided by coal, oil and gas. Although technologies to extract fossil fuels may have changed over the decades, the core products themselves have never been challenged. Until now.
Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Encouraging the growth of alternative methods to generate and distribute power.
In just eight years, the value of the world's biggest power compa...
published: 20 Sep 2016
1:17
Guterres: Oil companies have peddled 'big lie' on climate change
Speaking at the World Economic Forum in Davos, UN Secretary General Antonio Guterres accused big oil companies of peddling the 'big lie,' on Wednesday calling f...
Speaking at the World Economic Forum in Davos, UN Secretary General Antonio Guterres accused big oil companies of peddling the 'big lie,' on Wednesday calling for them to be held accountable.
Subscribe to. Guardian Newson YouTube ► http://bit.ly/guardianwiressub
'Today fossil fuel producers and their enablers are still racing to expand production knowing full well that these business models is inconsistent with human survival,' he said.
Guterres also warned that the world was 'flirting with disaster', warning that global temperature pledges were at risk of being breached. 'The commitment to limit global temperature rise to 1.5 degrees is nearly going up in smoke. Without further action we are headed to a 2.8 degree increase.'
The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg
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#Guterres #WorldEconomicForum #Climate #ClimateCrisis #Environment #Carbon
https://wn.com/Guterres_Oil_Companies_Have_Peddled_'Big_Lie'_On_Climate_Change
Speaking at the World Economic Forum in Davos, UN Secretary General Antonio Guterres accused big oil companies of peddling the 'big lie,' on Wednesday calling for them to be held accountable.
Subscribe to. Guardian Newson YouTube ► http://bit.ly/guardianwiressub
'Today fossil fuel producers and their enablers are still racing to expand production knowing full well that these business models is inconsistent with human survival,' he said.
Guterres also warned that the world was 'flirting with disaster', warning that global temperature pledges were at risk of being breached. 'The commitment to limit global temperature rise to 1.5 degrees is nearly going up in smoke. Without further action we are headed to a 2.8 degree increase.'
The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg
Sign up to the Guardian's free new. daily newsletter,First Edition ► http://theguardian.com/first-edition
Website ► https://www.theguardian.com
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The Guardian on YouTube:
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#Guterres #WorldEconomicForum #Climate #ClimateCrisis #Environment #Carbon
- published: 18 Jan 2023
- views: 9863
2:51
Why are oil and gas companies making huge profits? | Al Jazeera Newsfeed
The world’s biggest oil and gas companies have posted record profits in the past quarter, while consumers have been struggling with high energy bills. So what’s...
The world’s biggest oil and gas companies have posted record profits in the past quarter, while consumers have been struggling with high energy bills. So what’s going on?
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
@AljazeeraEnglish
#Aljazeeraenglish
#News #Oil #Gas #Profit #Record #Profits #Econnomy #Energy
https://wn.com/Why_Are_Oil_And_Gas_Companies_Making_Huge_Profits_|_Al_Jazeera_Newsfeed
The world’s biggest oil and gas companies have posted record profits in the past quarter, while consumers have been struggling with high energy bills. So what’s going on?
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
@AljazeeraEnglish
#Aljazeeraenglish
#News #Oil #Gas #Profit #Record #Profits #Econnomy #Energy
- published: 21 Aug 2022
- views: 22099
7:14
Oil companies post massive profits as consumers feel squeeze from high gas prices
High gas prices are on the minds of Americans a week before the election. At the same time, oil and gas companies are reporting record-breaking profits. Preside...
High gas prices are on the minds of Americans a week before the election. At the same time, oil and gas companies are reporting record-breaking profits. President Biden lashed out and called for a new windfall tax if companies don't use some of that money to lower energy costs for American consumers. New York Times energy correspondent Cliff Krauss joined William Brangham to discuss.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
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https://wn.com/Oil_Companies_Post_Massive_Profits_As_Consumers_Feel_Squeeze_From_High_Gas_Prices
High gas prices are on the minds of Americans a week before the election. At the same time, oil and gas companies are reporting record-breaking profits. President Biden lashed out and called for a new windfall tax if companies don't use some of that money to lower energy costs for American consumers. New York Times energy correspondent Cliff Krauss joined William Brangham to discuss.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
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- published: 01 Nov 2022
- views: 18884
10:06
How Oil Fueled The World's Biggest Company
The world’s most valuable company is not Apple, Amazon, or Google. That crown instead belongs to Saudi Aramco. This is the story of how an oil company that star...
The world’s most valuable company is not Apple, Amazon, or Google. That crown instead belongs to Saudi Aramco. This is the story of how an oil company that started out as an American dream became Saudi Arabia's cash cow.
--------
Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1
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Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
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https://wn.com/How_Oil_Fueled_The_World's_Biggest_Company
The world’s most valuable company is not Apple, Amazon, or Google. That crown instead belongs to Saudi Aramco. This is the story of how an oil company that started out as an American dream became Saudi Arabia's cash cow.
--------
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Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
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- published: 24 Jan 2020
- views: 260203
9:04
Oil companies ‘are just printing cash,’ analyst says
#oilcompanies #oil #oilprices #yahoofinance
Truist Analyst Neal Dingmann and Vanda Insights Founder Vandana Hari join Yahoo Finance Live anchors Brian Sozzi, ...
#oilcompanies #oil #oilprices #yahoofinance
Truist Analyst Neal Dingmann and Vanda Insights Founder Vandana Hari join Yahoo Finance Live anchors Brian Sozzi, Inez Ferre and Julie Hyman to discuss what a full reopening of the Chinese economy would mean to oil markets moving forward, energy stocks, global recession risks, how oil companies are benefiting from the Russia-Ukraine war, and the outlook for oil and energy in 2023.
Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes
WATCH HERE:
https://youtu.be/Sb179GLPNYE
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
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https://wn.com/Oil_Companies_‘Are_Just_Printing_Cash,’_Analyst_Says
#oilcompanies #oil #oilprices #yahoofinance
Truist Analyst Neal Dingmann and Vanda Insights Founder Vandana Hari join Yahoo Finance Live anchors Brian Sozzi, Inez Ferre and Julie Hyman to discuss what a full reopening of the Chinese economy would mean to oil markets moving forward, energy stocks, global recession risks, how oil companies are benefiting from the Russia-Ukraine war, and the outlook for oil and energy in 2023.
Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes
WATCH HERE:
https://youtu.be/Sb179GLPNYE
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
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Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
- published: 09 Dec 2022
- views: 12441
7:38
CEOs at major oil companies come under fire for high gas prices
Former Labor Secretary Robert Reich and Resources for the Future Fellow Daniel Raimi join Newsroom to discuss CEOs at major oil companies coming under fire for ...
Former Labor Secretary Robert Reich and Resources for the Future Fellow Daniel Raimi join Newsroom to discuss CEOs at major oil companies coming under fire for the rising gas prices and how a solution could be found to benefit consumers. #CNN #News
https://wn.com/Ceos_At_Major_Oil_Companies_Come_Under_Fire_For_High_Gas_Prices
Former Labor Secretary Robert Reich and Resources for the Future Fellow Daniel Raimi join Newsroom to discuss CEOs at major oil companies coming under fire for the rising gas prices and how a solution could be found to benefit consumers. #CNN #News
- published: 06 Apr 2022
- views: 124785
13:20
Top 10 Oil And Gas Companies In The World | The World Biggest Oil and Gas Industry
Top 10 Oil And Gas Companies In The World | The World Biggest Oil and Gas Industry
#oilandgascompanies #top10worldtrend
---------------------------------------...
Top 10 Oil And Gas Companies In The World | The World Biggest Oil and Gas Industry
#oilandgascompanies #top10worldtrend
---------------------------------------------------------------------------------------------------------
Top 10 World Trends Channel Provides you Knowledgeable Videos. Such as Education, History, Company Job Etc. I Hope you Like the Videos in this Channel.
----------------------------------------------------------------------------------------------------------
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for 'Fair Use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research, Fair use is a permitted by copyright statute that might otherwise be infringing, Non-profit, educational or personal use tips the balance in favor of fair use
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Top 10 Oil And Gas Companies In The World | The World Biggest Oil and Gas Industry
#oilandgascompanies #top10worldtrend
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Top 10 World Trends Channel Provides you Knowledgeable Videos. Such as Education, History, Company Job Etc. I Hope you Like the Videos in this Channel.
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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for 'Fair Use' for purposes such as criticism, comment, news reporting, teaching, scholarship, and research, Fair use is a permitted by copyright statute that might otherwise be infringing, Non-profit, educational or personal use tips the balance in favor of fair use
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- published: 19 Mar 2020
- views: 37282
18:15
The Secret Ways The Oil Industry Brainwashes You | Smog + Mirrors
Energy companies have secretly begun to infiltrate governments, courts and banks to ensure that society will always be powerless to stop the oil.
A highly pa...
Energy companies have secretly begun to infiltrate governments, courts and banks to ensure that society will always be powerless to stop the oil.
A highly paid network of politicians, lobbyists and investors are conspiring from the shadows to block climate action, sacrificing humanity itself for short term profit. These people are the biggest threat to our planet right now and they’re winning.
Under the cover of anonymity, four whistleblowers have agreed to reveal to us how these dark arts work, and how they’ve changed the fabric of reality itself in order to keep selling us fossil fuels.
#Climatecrisis #Vicenews #Earthday
Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE
Watch Next:
Make the World Greta Again
https://youtu.be/oCVQdr9QFwY
Gen Z’s War on Climate Change
https://youtu.be/Dkk1rMARYOY
How I Trafficked Animals Illegally
https://youtu.be/wQctu__AGEI
Welcome to VICE:
Enlightening commentary, authoritative advice, and unique stories you won't find anywhere else. Our immersive and ground-breaking storytelling has changed the way people think about culture, crime, art, parties, fashion, protest, the internet and other subjects that don't even have names yet. Browse the library and discover corners of the world you never knew existed.
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https://wn.com/The_Secret_Ways_The_Oil_Industry_Brainwashes_You_|_Smog_Mirrors
Energy companies have secretly begun to infiltrate governments, courts and banks to ensure that society will always be powerless to stop the oil.
A highly paid network of politicians, lobbyists and investors are conspiring from the shadows to block climate action, sacrificing humanity itself for short term profit. These people are the biggest threat to our planet right now and they’re winning.
Under the cover of anonymity, four whistleblowers have agreed to reveal to us how these dark arts work, and how they’ve changed the fabric of reality itself in order to keep selling us fossil fuels.
#Climatecrisis #Vicenews #Earthday
Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE
Watch Next:
Make the World Greta Again
https://youtu.be/oCVQdr9QFwY
Gen Z’s War on Climate Change
https://youtu.be/Dkk1rMARYOY
How I Trafficked Animals Illegally
https://youtu.be/wQctu__AGEI
Welcome to VICE:
Enlightening commentary, authoritative advice, and unique stories you won't find anywhere else. Our immersive and ground-breaking storytelling has changed the way people think about culture, crime, art, parties, fashion, protest, the internet and other subjects that don't even have names yet. Browse the library and discover corners of the world you never knew existed.
Connect with VICE:
Check out our full video catalog: http://bit.ly/VICE-Videos
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- published: 25 Apr 2022
- views: 678215
4:10
Why Many Oil Companies Are Preparing For Bankruptcy Filings | Forbes
Like many major industries, the global pandemic has hit the oil and gas sector hard. While consumers benefit from low gas prices, many oil companies are expecte...
Like many major industries, the global pandemic has hit the oil and gas sector hard. While consumers benefit from low gas prices, many oil companies are expected to file for bankruptcy in 2020 in order to restructure their finances.
In the past month, Ultra Petroleum, Fieldwood Energy, Whiting Petroleum, Sanchez Energy, Diamond Offshore and others have announced restructurings. More companies are reportedly prepping Chapter 11 filings, including Oasis Petroleum, Denbury Resources, FTS International and that onetime champion of the Great American Fracking Boom: Chesapeake Energy.
Read the full profile on Forbes: https://www.forbes.com/sites/christopherhelman/2020/05/18/oil-is-back-tweets-trump-not-so-fast-says-reality/#5c1d577ad948
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https://wn.com/Why_Many_Oil_Companies_Are_Preparing_For_Bankruptcy_Filings_|_Forbes
Like many major industries, the global pandemic has hit the oil and gas sector hard. While consumers benefit from low gas prices, many oil companies are expected to file for bankruptcy in 2020 in order to restructure their finances.
In the past month, Ultra Petroleum, Fieldwood Energy, Whiting Petroleum, Sanchez Energy, Diamond Offshore and others have announced restructurings. More companies are reportedly prepping Chapter 11 filings, including Oasis Petroleum, Denbury Resources, FTS International and that onetime champion of the Great American Fracking Boom: Chesapeake Energy.
Read the full profile on Forbes: https://www.forbes.com/sites/christopherhelman/2020/05/18/oil-is-back-tweets-trump-not-so-fast-says-reality/#5c1d577ad948
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
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- published: 11 Jun 2020
- views: 309474
14:49
Oil and gas companies are facing major technological disruption
Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Their survival plans involve carbon storage and floating wind farms...
Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Their survival plans involve carbon storage and floating wind farms. Meanwhile, one small German village is showing how large companies aren't always essential.
Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7
Over 80% of the world's energy needs are provided by coal, oil and gas. Although technologies to extract fossil fuels may have changed over the decades, the core products themselves have never been challenged. Until now.
Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Encouraging the growth of alternative methods to generate and distribute power.
In just eight years, the value of the world's biggest power companies has halved. Leaving industry giants scrambling to redefine their role in this new energy world. Across the world, old industries are facing disruption on an unprecedented scale. The pressure to adapt has never been greater.
Known as the Paris Accord, 195 countries agreed to a legally binding climate deal to reduce carbon emissions. This 5 trillion dollar industry may be facing a seismic shift but that doesn't mean it's ready to ditch the dirty fossil fuels that made it rich. Instead, many companies are banking on new methods to clean up an old process. Norwegian oil and gas giant, Statoil, struck it rich in the North Sea in the late 1960s. Over four decades later, at its Sleipner gas rig, the company is attempting to make fossil fuel production cleaner.
Statoil's business still relies on the harmful burning of fossil fuels by its customers but at least the company is trying to reduce its own carbon footprint. It's transformed some of its offshore rigs with technology that enables engineers to separate the carbon dioxide and pump it underground. Statoil's Sleipner gas rig is the world's first offshore carbon capture storage plant.
Each year, Statoil stores 1 million tonnes of CO2 making extraction less carbon intensive. They believe that prioritising gas over more harmful fossil fuels will further reduce global warming and keep them relevant for decades to come.
Wind and solar are cleaner but depend on subsidies. To take on the consistency of fossil fuels they face a huge challenge - The unpredictable weather. In Bavaria, a tiny village has used those subsidies to take up the challenge. This community believes it's found a way to produce a steady energy supply just from renewable sources, raising the real prospect of a future free from fossil fuels. Norbert and Kristina Bechteler's family farm has been providing the local community with dairy products for over 200 years but they now have a new income from solar energy.
Producing your own energy with solar panels isn't revolutionary but in this village, they're combining solar with other renewables in an attempt to achieve the Holy Grail of a steady energy supply. And they're prepared to use anything to do it. The Deputy Mayor has helped drive the village's pioneering efforts to make renewable energy a realistic option.
There's one renewable that never disappears as it can be sourced from the decay of virtually any organic matter and it's called biogas. Of the four biogas plants in the village, Farmer Einsiedler runs the largest. Combining these different sources has been so successful the village now generates five times more energy than it needs. But that is just part of the challenge of turning renewables into a credible energy supply.
The Disrupters is an original series exploring how major industries – from music and cars to hospitality – are currently being disrupted by the latest wave of digital innovation. As well as enjoying privileged access into the world biggest tech start ups we show how industry giants respond when faced with such tech-driven innovation - do they adapt - or die?
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Check out The Economist’s full video catalogue: http://econ.st/20IehQk
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https://wn.com/Oil_And_Gas_Companies_Are_Facing_Major_Technological_Disruption
Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Their survival plans involve carbon storage and floating wind farms. Meanwhile, one small German village is showing how large companies aren't always essential.
Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7
Over 80% of the world's energy needs are provided by coal, oil and gas. Although technologies to extract fossil fuels may have changed over the decades, the core products themselves have never been challenged. Until now.
Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Encouraging the growth of alternative methods to generate and distribute power.
In just eight years, the value of the world's biggest power companies has halved. Leaving industry giants scrambling to redefine their role in this new energy world. Across the world, old industries are facing disruption on an unprecedented scale. The pressure to adapt has never been greater.
Known as the Paris Accord, 195 countries agreed to a legally binding climate deal to reduce carbon emissions. This 5 trillion dollar industry may be facing a seismic shift but that doesn't mean it's ready to ditch the dirty fossil fuels that made it rich. Instead, many companies are banking on new methods to clean up an old process. Norwegian oil and gas giant, Statoil, struck it rich in the North Sea in the late 1960s. Over four decades later, at its Sleipner gas rig, the company is attempting to make fossil fuel production cleaner.
Statoil's business still relies on the harmful burning of fossil fuels by its customers but at least the company is trying to reduce its own carbon footprint. It's transformed some of its offshore rigs with technology that enables engineers to separate the carbon dioxide and pump it underground. Statoil's Sleipner gas rig is the world's first offshore carbon capture storage plant.
Each year, Statoil stores 1 million tonnes of CO2 making extraction less carbon intensive. They believe that prioritising gas over more harmful fossil fuels will further reduce global warming and keep them relevant for decades to come.
Wind and solar are cleaner but depend on subsidies. To take on the consistency of fossil fuels they face a huge challenge - The unpredictable weather. In Bavaria, a tiny village has used those subsidies to take up the challenge. This community believes it's found a way to produce a steady energy supply just from renewable sources, raising the real prospect of a future free from fossil fuels. Norbert and Kristina Bechteler's family farm has been providing the local community with dairy products for over 200 years but they now have a new income from solar energy.
Producing your own energy with solar panels isn't revolutionary but in this village, they're combining solar with other renewables in an attempt to achieve the Holy Grail of a steady energy supply. And they're prepared to use anything to do it. The Deputy Mayor has helped drive the village's pioneering efforts to make renewable energy a realistic option.
There's one renewable that never disappears as it can be sourced from the decay of virtually any organic matter and it's called biogas. Of the four biogas plants in the village, Farmer Einsiedler runs the largest. Combining these different sources has been so successful the village now generates five times more energy than it needs. But that is just part of the challenge of turning renewables into a credible energy supply.
The Disrupters is an original series exploring how major industries – from music and cars to hospitality – are currently being disrupted by the latest wave of digital innovation. As well as enjoying privileged access into the world biggest tech start ups we show how industry giants respond when faced with such tech-driven innovation - do they adapt - or die?
Check out Economist Films: http://films.economist.com/
Check out The Economist’s full video catalogue: http://econ.st/20IehQk
Like The Economist on Facebook: https://www.facebook.com/TheEconomist/
Follow The Economist on Twitter: https://twitter.com/theeconomist
Read our Tumblr: http://theeconomist.tumblr.com/
Follow us on Instagram: https://www.instagram.com/theeconomist/
Check out our Pinterest: https://uk.pinterest.com/theeconomist/
Follow us on LINE: http://econ.st/1WXkOo6
- published: 20 Sep 2016
- views: 985345