• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 37 mins Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents * Too late now
  • 8 hours Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 5 hours Will Uncle Sam Step Up and Cut Production
  • 12 hours In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 21 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 20 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 21 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 15 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 1 day NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 1 day Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 2 days Strait Of Hormuz As a Breakpoint: Germany Not Taking Part In U.S. Naval Mission
  • 1 day Why Oil is Falling (including conspiracy theories and other fun stuff)
  • 1 day Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
A Booming Niche In Energy’s Hottest Market

A Booming Niche In Energy’s Hottest Market

The battery recycling market is…

The U.S. Plans To Send Nuclear Reactors To Space

The U.S. Plans To Send Nuclear Reactors To Space

Despite the nuclear industry stumbling…

3% Cut in Emissions will Save the US Corporate Sector $780 Billion

A report compiled by the WWF and the Carbon Disclosure Project (CPD) has found that by cutting its emissions by an average of three percent a year, the US corporate sector could save as much as $780 billion over the next 10 years.

Companies would only need to spend around three to four percent of their capital expenditure each year in order to achieve such emission reductions.

Lowering emissions by three percent a year until 2020 would be the equivalent of cutting annual greenhouse gas emissions by 1.2 gigatonnes by 2020, equivalent to a 25 percent reduction compared to 1990 levels, and in line with the reduction that the Intergovernmental Panel on Climate Change (IPCC) says is needed in order to keep global average temperature increases less than two degrees by the end of the decade.

Related article: As Climate Change Worsens, US Corn Ethanol becomes Uneconomical

The report claims if businesses wait until 2012 to make changes and invest in projects to reduce greenhouse gas emissions, and still hope to reduce emissions enough to be in line with levels scientists have stated must be achieved by 2050, they  would have to make cuts of 10 percent a year; a far more expensive proposition.

Paul Simpson, the CEO of CDP, said that “corporations must act now not only to address environmental risk, but also to aid economic recovery in the US and build resilience. Investing in energy efficiency and renewable energy saves cost, stimulates innovation, creates jobs and builds energy independence and security.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play