The race to curb carbon emission is heating up in the U.S. Wary of the new administration bid to clamp down on all carbon emissions forms, companies have started to act. Similarly, a coalition of 11 companies has joined hands to form a Hydrogen Forward. The initiative seeks to advance hydrogen development as part of a bid to curb Carbon focused energy alternatives.
Hydrogen Forward Initiative
The coalition, which includes the likes of Bloom Energy, Toyota, Anglo Americana, and Hyundai, have partnered under the belief in environmental and economic benefits of hydrogen technologies. Likewise, they share a common belief and goal that accelerating hydrogen investments will help the U.S deliver on its climate goals while creating a stronger economy.
Similarly, the coalition intends to showcase Hydrogen‘s unique value proposition among policymakers and other stakeholders. Hydrogen has the potential to decarbonize large segments of the economy, thus the increased investments as an energy source in recent years.
Carbon-neutral Oil
The push to curb carbon emission has already received a significant boost on one Permian basin operator achieving significant milestones in the area of offsetting carbon emissions. Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum, has already delivered 2 million barrels of carbon-neutral oil to Reliance Industries in India.
The Carbon Neutral oil become the industry’s first substantive Petroleum shipment in which greenhouse gas emissions were offset right from the wellhead to combustion. The climate differentiated crude oil was produced via the capture and sequestration of carbon dioxide.
Seattle Natural Gas Ban
The race to curb carbon emission has already gathered pace in Seattle, whereby the City Council approved changes to energy codes. The new law clamps down on natural gas use in new commercial and apartment buildings taller than three stories.
The ordinance also bans natural gas use for space heating in new constructions or for use in replacement heating systems. The energy changes are part of a broader effort that seeks to reduce greenhouse gas pollution from fossil fuels that enhance climate change.
Separately, Sempra Energy has been named as one of the World’s Most Admired Companies for the eleventh year. The accolade recognizes companies with the strongest corporate reputation within their sectors.
