fossil fuels

Colombia’s new president commits to keeping fossil fuels in the ground

June 29, 2022

The new Colombian president, Gustavo Petro committed to not granting new licenses for hydrocarbon exploration, and halted all pilot fracking projects, and the development of offshore fossil fuels. Source: Climate Change News

Chile’s green lessons for emerging markets

July 5, 2021

According to the Editorial Board at the Financial Times, the dash for hydrogen shows that fossil fuels are not the only route to prosperity. They write, “there is, however, a notable exception to this climate-blind rush in Latin America towards hydrocarbons. Chile has put together one of the world’s most ambitious plans for renewable energy, […]

Capture of CO2 and Hydrogen as Part of Latin America’s Energy Future

October 26, 2020

While struggling to increase the generation and consumption of renewable energy, Latin America is beginning to see the rise of new technologies, such as the capture and storage of carbon and hydrogen from fossil fuels or wind and solar energy. Source

US company secures sizable contract to build four LPG spheres in Caribbean

May 8, 2020

US contractor McDermott International’s storage business, CB&I Storage Solutions, has secured a sizeable contract to build four liquefied petroleum gas (LPG) spheres for a Caribbean energy infrastructure project. Under the work scope of the contract, McDermott’s storage business will perform engineering, procurement, fabrication and construction services for four LPG spheres, each measuring about 88ft in […]

Shareholders request Barclays phase out financing of fossil fuel companies

January 8, 2020

Barclays shareholders have filed a landmark resolution asking the bank to phase out the financing of fossil fuel companies. The request came from 11 institutional investors managing more than US$170.6 billion and about 100 individual shareholders, and will be voted on at the British bank’s annual general meeting in May. Barclays is currently the highest […]