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  • Japan Aims To Make Hydrogen Power Mainstream
    by Tsvetana Paraskova on 2021-06-15 at 22:00

    Japan, a country heavily dependent on fossil fuel imports, is betting big on hydrogen in industry, power generation, vehicles, and shipping as it looks to reach net-zero emissions by 2050. The country’s new green strategy relies on hydrogen to cut the dependence on fossil fuels. Hydrogen has gained a massive amount of traction and hype in recent months as governments, international organizations, and oil and gas supermajors say that it could be the key to helping the decarbonization of emission-intensive industries in the energy transition. …

  • The Secret To Securing Conflict-Free Metals
    by OilPrice.com on 2021-06-15 at 21:30

    Following a presentation at the G7 Summit Fringe in Cornwall, Fieldfisher released a new guide titled “Supplying responsibly: Towards a clean metals supply chain,” where the London-based law firm outlines how upstream suppliers of mineral and metals products can comply with new legislation on, and customer demand for, clean, conflict-free raw materials. One of the main points Fieldfisher presents in the guide is that enhanced supply chain scrutiny should not be about risk-avoidance, that is, about dodging certain jurisdictions affected…

  • The Renewable Boom Faces A Major Hurdle Despite Record Investments
    by Haley Zaremba on 2021-06-15 at 21:00

    As the global clean energy revolution has accelerated at a breakneck pace over the last year, the renewable energy industry has encountered some serious growing pains. Earlier this year, the gangbusters green energy revolution of 2020 finally seemed to experience a market correction as previously white-hot stocks finally started to decrease in price. Last month, two major exchange-traded funds which center their portfolios around clean energy investments, Invesco Solar ETF TAN and the Invesco WilderHill Clean Energy ETF PBW, were down 30% and 26%…

  • Oil Prices Climb On Huge Inventory Draw
    by Julianne Geiger on 2021-06-15 at 20:46

    The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.537-million barrels for the week ending June 11. Analysts had predicted a much smaller draw of 3.290 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 2.108 million barrels after analysts had predicted a draw of 2.036 million barrels. Crude oil inventories have fallen by more than 22 million barrels since the start of 2021, according to API data, but are still up 34 million barrels since January 2020. WTI…

  • Ohio Considers Joining Growing Coalition To Protect Natural Gas
    by Charles Kennedy on 2021-06-15 at 20:30

    Ohio may soon join a dozen U.S. states to have enacted legislation to preemptively block cities and counties from banning natural gas as a source of heating or cooking in new homes. A committee at the Ohio Senate is expected to vote on Tuesday on such legislation, Ohio Capital-Journal reported. The so-called House Bill 201, if it makes the committee vote on Tuesday, could be headed for a full vote at the Senate as early as this week. Ohio House passed the bill last month with 65 votes in favor and 32 against, with all Republicans and two Democrats…

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