Oil chief leading COP28 climate summit urges energy industry to ‘up its game’ to reduce emissions
“Alongside all industries, the oil and gas sector needs to up its game, do more and do it faster,” Abu Dhabi National Oil Company CEO Sultan al-Jaber said during a keynote speech at CERAWeek.
Mark Felix | Afp | Getty Images
The chief executive of one of the world’s biggest oil companies, who will lead talks at the COP28 climate summit later this year, called on the energy industry to “up its game” to reduce emissions.
In a keynote speech to attendees gathered in Houston, Texas, for the CERAWeek conference — widely regarded as one of the biggest events on the calendar for the energy industry — Abu Dhabi National Oil Company CEO Sultan al-Jaber emphasized the “integral” role that the oil and gas sector plays in tackling the climate emergency.
“Energy leaders in this room have the knowledge, experience, expertise, and the resources needed … to address the dual challenge of driving sustainable progress while holding back emissions,” al-Jaber said Monday.
“It is this industry’s opportunity to reinvent itself and lead again,” he added. “Let me call on you to decarbonize quicker, future-proof sooner and create the energy system of the future today.”
The head of the United Arab Emirates’ state oil company was seen as a controversial choice to lead the COP28 climate talks in Dubai later this year. At the time of his appointment, many called on al-Jaber to relinquish his role, saying it poses a conflict of interest with his COP28 position.
Each year, ministers representing countries across the globe gather at COP to discuss how to achieve the aspirational goal of the Paris Agreement — curbing global heating to just 1.5 degrees Celsius above pre-industrial levels by 2050.
If temperatures rise beyond this critical threshold, it becomes more likely that small changes can trigger dramatic shifts in Earth’s entire life support system.
The UAE, the third largest producer of the OPEC oil alliance, will host the U.N.-brokered climate talks from Nov. 30 through to Dec. 12.
The COP28 summit will see the first global stocktake since the 2015 Paris Agreement.
Oil and gas sector must ‘rapidly decarbonize’
The Adnoc chief cited the world’s leading climate scientists in saying humanity must cut emissions by 7% each year to keep global heating below 1.5 degrees Celsius. “That’s 43% in less than seven years,” he said.
“This year, the world will evaluate exactly where we are when it comes to climate progress through the first Global Stocktake. And we know we are way off track. We need a major course correction,” al-Jaber said at the conference.
“Alongside all industries, the oil and gas sector needs to up its game, do more and do it faster,” he added. “It needs to rapidly decarbonize its own operations. And it has a vital role to play in decarbonizing its customers.”
Big Oil executives have sought to defend their rising profits amid a barrage of criticism in recent months, typically highlighting the importance of energy security in the transition to renewables.
Burning fossil fuels, such as coal, oil and gas, is the chief driver of the climate crisis.
Speaking to Daniel Yergin, vice chairman of S&P Global and chairman of the CERAWeek conference, shortly after his speech, Adnoc’s al-Jaber said that the world “cannot responsibly unplug the energy system of today until the system of tomorrow is ready.”
Asked about his hopes for COP28, al-Jaber outlined key priorities across mitigation, adaptation, loss and damage and climate finance, among others,
“COP28 will be a COP of action,” al-Jaber said. “We want real results.”
He added, “The world must move from treaties to implementation. Solutions are needed inside and outside formal negotiations. It will also be a COP for all: inclusive of diverse stakeholders, accountable for commitments, and actionable on solutions.”
National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrek reported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
FTC: We use income earning auto affiliate links. More.
Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
- Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
- Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
- Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
FTC: We use income earning auto affiliate links. More.
Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
Last month, Hyundai opened its first overseas digital R&D center in China to help kick off its return to the region.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
FTC: We use income earning auto affiliate links. More.
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Oil chief leading COP28 climate summit urges energy industry to ‘up its game’ to reduce emissions
“Alongside all industries, the oil and gas sector needs to up its game, do more and do it faster,” Abu Dhabi National Oil Company CEO Sultan al-Jaber said during a keynote speech at CERAWeek.
Mark Felix | Afp | Getty Images
The chief executive of one of the world’s biggest oil companies, who will lead talks at the COP28 climate summit later this year, called on the energy industry to “up its game” to reduce emissions.
In a keynote speech to attendees gathered in Houston, Texas, for the CERAWeek conference — widely regarded as one of the biggest events on the calendar for the energy industry — Abu Dhabi National Oil Company CEO Sultan al-Jaber emphasized the “integral” role that the oil and gas sector plays in tackling the climate emergency.
“Energy leaders in this room have the knowledge, experience, expertise, and the resources needed … to address the dual challenge of driving sustainable progress while holding back emissions,” al-Jaber said Monday.
“It is this industry’s opportunity to reinvent itself and lead again,” he added. “Let me call on you to decarbonize quicker, future-proof sooner and create the energy system of the future today.”
The head of the United Arab Emirates’ state oil company was seen as a controversial choice to lead the COP28 climate talks in Dubai later this year. At the time of his appointment, many called on al-Jaber to relinquish his role, saying it poses a conflict of interest with his COP28 position.
Each year, ministers representing countries across the globe gather at COP to discuss how to achieve the aspirational goal of the Paris Agreement — curbing global heating to just 1.5 degrees Celsius above pre-industrial levels by 2050.
If temperatures rise beyond this critical threshold, it becomes more likely that small changes can trigger dramatic shifts in Earth’s entire life support system.
The UAE, the third largest producer of the OPEC oil alliance, will host the U.N.-brokered climate talks from Nov. 30 through to Dec. 12.
The COP28 summit will see the first global stocktake since the 2015 Paris Agreement.
Oil and gas sector must ‘rapidly decarbonize’
The Adnoc chief cited the world’s leading climate scientists in saying humanity must cut emissions by 7% each year to keep global heating below 1.5 degrees Celsius. “That’s 43% in less than seven years,” he said.
“This year, the world will evaluate exactly where we are when it comes to climate progress through the first Global Stocktake. And we know we are way off track. We need a major course correction,” al-Jaber said at the conference.
“Alongside all industries, the oil and gas sector needs to up its game, do more and do it faster,” he added. “It needs to rapidly decarbonize its own operations. And it has a vital role to play in decarbonizing its customers.”
Big Oil executives have sought to defend their rising profits amid a barrage of criticism in recent months, typically highlighting the importance of energy security in the transition to renewables.
Burning fossil fuels, such as coal, oil and gas, is the chief driver of the climate crisis.
Speaking to Daniel Yergin, vice chairman of S&P Global and chairman of the CERAWeek conference, shortly after his speech, Adnoc’s al-Jaber said that the world “cannot responsibly unplug the energy system of today until the system of tomorrow is ready.”
Asked about his hopes for COP28, al-Jaber outlined key priorities across mitigation, adaptation, loss and damage and climate finance, among others,
“COP28 will be a COP of action,” al-Jaber said. “We want real results.”
He added, “The world must move from treaties to implementation. Solutions are needed inside and outside formal negotiations. It will also be a COP for all: inclusive of diverse stakeholders, accountable for commitments, and actionable on solutions.”
National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrek reported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
FTC: We use income earning auto affiliate links. More.
Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
- Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
- Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
- Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
FTC: We use income earning auto affiliate links. More.
Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
Last month, Hyundai opened its first overseas digital R&D center in China to help kick off its return to the region.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
FTC: We use income earning auto affiliate links. More.
-
Sports2 years ago
‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
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Story injured on diving stop, exits Red Sox game
-
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MLB Rank 2023: Ranking baseball’s top 100 players
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Game 1 of WS least-watched in recorded history
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Japan and South Korea have a lot at stake in a free and open South China Sea
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