Former Google CEO: “AI’s Only Limitation Is Electricity, Not Chips”
Ex-Google CEO: ‘AI’s natural limit is electricity, not chips’ It seems every company under the sun these days is leveraging, investing in, or using AI in some way or another. The value of artificial intelligence—automating repetitive tasks, boosting efficiency, and solving extremely complex problems—has Wall Street salivating. But it’s superintelligence, not AI, that has Silicon […]
Federal Oil and Gas Leasing and Its Impact on Greenhouse Gas Emissions | American Enterprise Institute
Federal Oil and Gas Leasing and Greenhouse Gas Emissions | American Enterprise Institute In a recent paper, Brian C. Prest of Resources for the Future asks “How Much Would Expanding Federal Oil and Gas Leasing Increase Global Carbon Emissions?” I shunt aside here a critique of Prest’s methodological approaches. What is interesting is the utter absence in his analysis of […]
Study Reveals 10-Fold Returns from Investment in Adaptation Finance
Investment in adaptation finance gives 10-fold returns: Study The WRI study found that for every $1 invested in adaptation and resilience efforts, there is more than $10 in benefits spread out over a decade International climate finance for funding adaptation measures and climate resilience is not only urgently needed, but is also a smart development […]
Environmentalists oppose Trump’s plan for increased oil and gas drilling in Alaska.
Environmentalists criticize Trump’s push for new oil and gas drilling in Alaska ANCHORAGE, Alaska (AP) — Top Trump administration officials — fresh off touring one of the country’s largest oil fields in the Alaska Arctic — headlined an energy conference led by the state’s Republican governor on Tuesday that environmentalists criticized as promoting new oil […]
Carbon Pricing: A Strategic Gamble for the Oil and Gas Sector
Carbon Pricing: A Strategic Bet for Oil and Gas Companies Oil and gas companies are backing carbon pricing—not just for emissions reduction, but to create a predictable business environment. Observer Labs In November 2021, U.S. Energy Secretary Jennifer Granholm asked the National Petroleum Council (NPC) to conduct a study on the at-scale deployment of low- […]
Multi-Billion Dollar Ventures at Risk: UK’s Largest Untapped Oil & Gas Partners Face Setback, Yet Shell, Equinor, and Ithaca Stay Optimistic
Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat In the wake of a new court ruling, the development of two hydrocarbon projects – said to be the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) – has […]
Biden Expands Ban on Oil and Gas Leasing in Northern Bering Sea of Alaska • Alaska Beacon
Biden extends oil and gas leasing ban in Alaska’s Northern Bering Sea • Alaska Beacon The entire Northern Bering Sea is now off-limits to oil and gas leasing, under a presidential directive announced on Monday. President Joe Biden invoked his authority under a federal law to withdraw about 44 million acres of the Northern Bering […]
Norway Reinforces Commitment to Oil and Gas Industry
Norway Doubles Down on Oil and Gas After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas […]
Abu Dhabi Sustainable Finance Forum Concludes ADFW 2024
Abu Dhabi Sustainable Finance Forum Marks the Conclusion of ADFW 2024 ABU DHABI, UAE, Dec. 12, 2024 /CNW/ — ADGM, the international financial centre (IFC) of Abu Dhabi, in partnership with Global Climate Finance Centre (GCFC), HSBC and Smartenergy, today hosted the 7th edition of the Abu Dhabi Sustainable Finance Forum (ADSFF) to round off […]
GeoPark Purchases Repsol’s Colombian Oil and Gas Assets for $530 Million
GeoPark acquires Repsol’s Colombian oil and gas assets for $530 million GeoPark Limited, a prominent independent energy company operating across Latin America, has signed Sale and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire key oil and gas assets in Colombia. The acquisition encompasses Repsol Colombia O&G Limited’s 45% non-operated […]