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Cal on October 17th, 2017

France’s largest bank, BNP Paribas, announced it would no longer finance companies whose main business is the exploration, production, trading, or marketing of crude oil and natural gas from shale or tar sands projects.  The bank will also no longer finance liquefied natural gas (LNG) terminals that predominantly liquefy and export gas from shale projects, […]

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Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on October 10th, 2017

Almost 50 new pure electric-car models will come to market globally between now and 2022. Globally, there will be 136 EVs on the market by the end of that year, and that does not include the hybrid models or hydrogen fuel cells. Analysts at Bernstein Research calculate that a 500-kilometer battery for an electric car costs […]

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Cal on October 8th, 2017

Airbus plans to put its electric flying taxi, the CityAirbus, into operation late next year. This announcement came after a successful full-scale ground test of the vertical take-off and landing vehicle’s propulsion system. The vehicle is entirely battery-powered (with electric 100 kilowatt motors), uses a four propeller design to navigate through crowded cities, and can […]

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Cal on September 30th, 2017

Professor Vaclav Smil tells us that when it comes to energy storage, size matters. A small national electric grid — one handling 10 to 30 gigawatts — could rely entirely on intermittent renewable energy sources (like wind and solar) only if it had gigawatt-scale storage capable of working for many hours. The largest announced storage system, comprising more than […]

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Cal on September 29th, 2017

Hedge fund Bridgewater Associates believes that almost half of the jobs in the next two decades will be replaced by artificial intelligence. CEO Ray Dalio said: “By in large, the world is going to largely consist of people who can take language and put it into code, which then allows the computer to operate like a […]

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Cal on September 15th, 2017

German automaker Volkswagen announced it plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030, primarily electric cars. The world’s largest automaker said this week it would add 80 new electric cars across its multi-brand group by 2025, up from a previous goal of 30, and wanted to offer an electric version […]

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Cal on September 9th, 2017

    International consultancy company DNV GL projects natural gas will become the world’s largest single source of energy after 2034. DNV GL predicts that global demand for energy will flatten in 2030, then steadily decline over the next two decades, thanks to steep changes in energy efficiency. Fossil fuel’s share of the world’s primary energy mix […]

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