...Abbreviations GHG – Greenhouse Gas CO2 - Carbon dioxide CH4 - Methane N2O – Nitrogen oxide LNG- Liquefied Natural Gas Abbreviations GHG – Greenhouse Gas CO2 - Carbon dioxide CH4 - Methane N2O – Nitrogen oxide LNG- Liquefied Natural Gas Highlights * We model two major oil and gas companies. * We examine causes of Climate Change * Increase in further research may produce other alternative to exist source of energy * Combined efforts will help to meet carbon reduction target ABSTRACT Playing a major role in the world, the oil and gas industry is faced with the challenge of climate change. This paper establishes the fact that climate change troubles our planet today. In establishing this fact the paper examines the causes of climate change, the relationship between climate change and the oil and gas industry through CO2. It further evaluates the various methods available to reduce CO2 emissions and the challenges the companies have in implementing the methods. This paper uses two major oil companies as case studies, to establish the above stated facts and concludes that oil and gas companies need to be involved in more research and development of alternative supply of energy, in order reduce CO2 emissions, in collaboration with other sectors of the economy in achieving the targets made regarding climate change, environmental laws and policies. Keywords: CO2, Climate Change, Industry, Oil and Gas. 1. INTRODUCTION Climate change is a global...
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...Carbon Sequestration and Carbon Sink More than 40 percent of CO2emissions in the US are due to electric power generation. Carbon dioxide (CO2) capture and sequestration (CCS) technology could reduce these emissions from power plants by 80 to 90 percent. For example, if CCS technology was applied to a 500 MW coal-fired power plant, emitting 3 million tons of C02 per year, the amount of greenhouse gas emissions avoided is equal to: • Planting more than 62 million trees, and waiting at least 10 years for them to grow • Avoiding annual electricity-related emissions from more than 300,000 homes CCS technology would also significantly reduce emissions from other industrial processes such as gas operations and cement facilities (EPA, 20xx). The world has lost 50 to 70 percent of its original carbon stock. This translates into a huge amount of soil carbon released into the atmosphere. Not long ago, in the 19th century, the US was home to vast tracts of prairie grass with rich, fertile soils. Today only three percent of those prairies are in existence. Current studies on carbon sinks center on soil carbon, how it escaped from the earth and how this process can be reversed. To take the research further, investigators are interested in how this knowledge can be used to slow rise of carbon dioxide in the atmosphere, which is a known cause global warming. There is hope that carbon can be placed back into the soil in places like the North China Plain, the interior of Australia and the...
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...10 References 11 Introduction The major accumulations of “oil were found in the 19th Century, fossil fuel seemed to” propose an unlimited foundation of drive to motivate expansion. Drilling, extracting severe and long-lasting risks, fires and doddles, work-related wound and illness, can prime to lasting damage to vegetables and bodily societies. (Andrew Inkpen & Michael H. Moffett, 2011) This report will discuss Shell Upstream and downstream activities with the LCA model and give critical analysis of what they need to show concern of environmental management and sustainability issues. Finally, give conclude by recommending how should shell lessons their impacts in the future. “Life Cycle Assessment Life Cycle Assessment (LCA) is a procedure used for measuring the possible ecological features and possible features linked with a manufactured goods (or” facility). - “ISO 14040.2 Draft: Life Cycle Assessment - Principles and Guidelines Life Cycle Diagram Findings and” Analysis Shell Upstream Activities with the LCA Model The Upstream department of Shell business includes developments, probing, recapture of unrefined oil and its production. Here discovery or unrefined oil exploration takes place and it includes the rigorous and wide labours to establishing the genuine dwellings where unprocessed oil is found. This can be compared to the raw materials, manufacturing...
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...Enhanced Geothermal Systems Ali Yasir Stuart School of Business Enhanced Geothermal Systems Page 1 TABLE OF CONTENTS SECTION 1: SYNOPSIS Scope EGS, a viable option SECTION 2: INTRODUCTION Overview of the Process Basic concept Process Optimization SECTION 3: RESOURCE-BASE IN THE U.S What the facts say? Heat Content SECTION 4: ECONOMICS Potential Cost of Development Levelized Cost of Electricity SECTION 5: EMISSION REDUCTION POTENTIAL Summary of Regulations Potential Environmental Impacts Summary of Environmental Benefits SECTION 6: CURRENT DEVELOPMENTS & GOING FORWARD EGS Worldwide EGS Development in the U.S Obstacles to Further Development in the U.S Policy Options to help promote EGS SECTION 7: CONCLUSION REFERENCES 4 5 6 7 8 9 10 11 12 14 15 16 17 19 20 20 21 23 24 25 26 27 28 30 Enhanced Geothermal Systems Page 2 PREFACE There is a pre-dominating energy crisis in the United States, as the country is currently relying on a finite supply of fossil fuels. This energy crisis, along with economic growth and environmental stability must be sustained by developing alternative, renewable energy sources. Population is expanding at a geometric rate and each doubling will increase energy demand that will far exceed supply. China and India have recently developed into industrialized nations and several more will follow. Many leading scientists describe the “tipping point” for carbon dioxide emissions as having already passed, meaning it could be too late for renewable...
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...Porosity Porosity is defined as the percentage or fraction of void space to bulk volume of rock. If the sedimentary particles of a rock were of uniform size and packing, as shown inFigure 1 , Figure 1 Figure 2 , Figure 2 and Figure 3 , the calculation of porosity would be a simple exercise in solid geometry. Of course, actual reservoir rock is a much more complicated mixture of particles, and its porosity must be measured directly from core samples or estimated by well log analysis. Figure 3 The proportion and distribution of void space in a reservoir rock can be modified by the processes of cementation, solution, fracturing, and recrystallization. In reservoir engineering, primary porosity refers to the void spaces remaining after the sedimentation of particles into the rock matrix. Secondary porosity is caused by solution channels, fractures, and vugs in the bulk volume of the matrix, and is developed subsequent to the deposition of the rock. Where both types of porosity exist, the system is referred to as a dual porosity system. The production sequence of a dual porosity system may be very different from that of a primary porosity system.Table 1 (below) gives a general range of reservoir rock matrix porosities. Generally, reservoir rock martix porosities in the lower ranges are of commercial interest only when a secondary porosity system is present. Table 1--Rock matrix porosities (after Levorsen, 1967) : Negligible 0-5 Poor 5-10 ...
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...Stabilization Wedges: Solving the Climate Problem for the Next 50 Years with Current Technologies S. Pacala, et al. Science 305, 968 (2004); DOI: 10.1126/science.1100103 The following resources related to this article are available online at www.sciencemag.org (this information is current as of March 6, 2007 ): Updated information and services, including high-resolution figures, can be found in the online version of this article at: http://www.sciencemag.org/cgi/content/full/305/5686/968 Downloaded from www.sciencemag.org on March 6, 2007 Supporting Online Material can be found at: http://www.sciencemag.org/cgi/content/full/305/5686/968/DC1 This article has been cited by 56 article(s) on the ISI Web of Science. This article has been cited by 11 articles hosted by HighWire Press; see: http://www.sciencemag.org/cgi/content/full/305/5686/968#otherarticles This article appears in the following subject collections: Atmospheric Science http://www.sciencemag.org/cgi/collection/atmos Information about obtaining reprints of this article or about obtaining permission to reproduce this article in whole or in part can be found at: http://www.sciencemag.org/about/permissions.dtl Science (print ISSN 0036-8075; online ISSN 1095-9203) is published weekly, except the last week in December, by the American Association for the Advancement of Science, 1200 New York Avenue NW, Washington, DC 20005. Copyright c 2004 by the American Association for the Advancement of Science; all rights reserved...
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...I. Introduction BP is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors". It is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has major renewable energy activities, including in biofuels, hydrogen, solar and wind power. BP has operations in over 80 countries, produces around 3.8 million barrels of oil equivalent per day and has 22,400 service stations worldwide. Its largest division is BP America, which is the biggest producer of oil and gas in the United States and is headquartered in Houston, Texas. As at 31 December 2010, BP had total proven commercial reserves of 18.07 billion barrels of oil equivalent. The name "BP" derives from the initials of one of the company's former legal names, British Petroleum. II. Issues 2010 was a year that called BP’s sustainability into question. The remarkable accident in the Gulf of Mexico on 20 April 2010 cost 11 lives, leading to a major oil spill and a widespread loss of trust in BP, caused irreparable damage on the surrounding environment. What did they do before and after the event, how to build a safer and stronger BP as they claimed? The Gulf of Mexico oil spill, which flowed unabated for three...
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...fossil fuel family, coal has been used since the caveman days to heat their homes. In the 1700s, people found that it would heat cleaner and hotter than wood charcoal. The Industrial Revolutions overwhelming need for energy to run the new technologies providing the real opportunity for coal to dominant as a worldwide supplier of energy. (A brief history of coal use). As other sources of energy was discovered the use of coal diminished. However, 4 decades ago it became popular again as an energy source. The 1970’s brought about an oil crisis that showed industrialized countries that any disruption in the petroleum supply line would send a shockwave through energy production. (Morse, 2012). Even though coal is considered an environmental villain its use increased in countries that were part of the Organization for Economic Cooperation and Development (OECD) (Morse, 2012). The increase use of coal for electricity generation was 61 percent with a reduced use of oil by 41 percent up until the recently. The United States has 50% reliability on coal to provide energy, but has started pushing for...
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...2010) INDUSTRY STRUCTURE & DEVELOPMENTS During the course of the year, international economic conditions exhibited a marked improvement with the global economy getting into an early recovery mode. The vital statistics of the engine of the world economy entered the positive territory. After June 2009, world trade flows entered into an expansionary mode after declining for several months and GDP growth turned positive. A corrective policy action on both fiscal & monetary fronts has been at the very core of the recovery witnessed. However, the recovery process has not been uniform and has varied in speed & strength across countries and regions, with emerging economies leading the way. While the recovery has been early, it is still nascent and fragile and the key risks and destabilising factors continue to exist. This calls for further reforms in the financial markets and controlling fiscal deficits in the light of rising commodity prices & high unemployment rates. The recent debt crisis in Greece has only highlighted the fragility of the recovery process and raised questions on the credibility of the economic recovery and the stability of financial markets. Indian Economy Indian economy has been amongst the first economies to emerge out of the grips of recessionary forces in a incredible recovery led by the industrial and services sectors. The acceleration in the growth of the manufacturing sector from 3.2% recorded in 2008-09 to 10.8% during 2009-10 has been particularly remarkable...
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...FY10 Results Review – Analyst Meet 27th May, 2010 INVESTOR RELATIONS Statements in this presentation describing the Company’s objectives, projections, estimates, expectations may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand / supply and price conditions in the domestic and overseas markets in which the Company operates, changes in Government regulations, tax laws and other statutes and incidental factors INVESTOR RELATIONS Internal Actions And External Market Improvement Drives Performance Consolidated P&L Rs Crores Net Revenue EBITDA EBITDA margin PBT PAT Cash Profit Automotive Net Debt (Rs Crs) Automotive D / E FY09 70,881 2,196 3.1% (2,129) (2,505) 1,065 23,750 4.0 FY10 92,519 8,614 9.3% 3,523 2,571 8,168 18,800 2.05 %change 30.5% 292% 620 bps NM NM 667% The Board of Directors has recommended a dividend of Rs.15/- per Ordinary share and Rs.15.5/- per ‘A’ Ordinary share each for the financial year 2009-10 INVESTOR RELATIONS Internal Actions Accelerated cost reduction measures Improved our pricing discipline Aligned production with demand and strict control of Inventory Continued our strict cash flow management Reduced non-personnel related overhead costs VA / VE measures Pursued Long term plans ...
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...McKinsey Global Institute May 2013 Disruptive technologies: Advances that will transform life, business, and the global economy The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on four themes: productivity and growth, the evolution of global financial markets, the economic impact of technology and innovation, and urbanization. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet. MGI is led by McKinsey & Company directors Richard Dobbs and James Manyika. Yougang Chen, Michael Chui, Susan Lund, and Jaana Remes serve as MGI principals. Project teams are led by a group of senior fellows and include consultants from McKinsey’s offices around the world...
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...Sustainability Review 2011 bp.com/sustainability Building a stronger, safer BP What’s inside 2011 was a year of recovery, consolidation and change for BP. Our employees worked hard to make BP a stronger, safer company. We recognize there is more to do, but we believe important progress was achieved during the year, and we are clear on our priorities and responsibilities as we move forward. In this Sustainability Review, we look at how we are working to enhance safety and risk management, earn back trust and grow value, following the Gulf of Mexico accident. Stakeholder voices External and internal stakeholders have been essential in shaping this report. Many of their insights and opinions are highlighted here and online. We also include observations and a summary statement from our external assurance provider, Ernst & Young. During our work we interviewed staff responsible for engaging with external stakeholders and reviewed evidence of how information from these dialogues is captured. We have also attended a selection of briefings to investors and two of the roundtable discussions held in 2011 to understand the perspectives of various thought leaders on how BP should evolve its reporting and communications. We noted that stakeholders welcome this dialogue but there remains a desire for more comprehensive reporting on how BP is changing. Ernst & Young Observation Find out more online This Sustainability Review is a summary...
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...PROJECT TOPIC : GLOBAL WARMING MOHAMED HASSAN SPN150597 Contents 1. INTRODUCTION ................................................................................................................................ 2 2. DEFINITION GLOBAL WARMING .................................................................................................. 3 3. WHY DOES GLOBAL WARMING OCCURE? ............................................................................................ 3 5. CAUSES OF GLOBAL WARMING ................................................................................................... 5 6. EFFECTS OF GLOBAL WARMING .................................................................................................. 9 How will climate change affect you? Your community? The environment around you? .................... 12 4. SOLUTIONS FOR THE GLOBAL WARMING ............................................................................... 13 5. OTHER EFFECTIVE WAYS TO PREVENT GLOBAL WARMING ............................................. 15 1. Plant Trees and Bamboo................................................................................................................. 16 2. Ride a Bike ...................................................................................................................................... 16 3. Buy Less Stuff...................................................................................
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...ScienceDirect Energy journal homepage: www.elsevier.com/locate/energy Oil palm biomass as a sustainable energy source: A Malaysian case study S.H. Shuit, K.T. Tan, K.T. Lee*, A.H. Kamaruddin School of Chemical Engineering, Universiti Sains Malaysia, Engineering Campus, Seri Ampangan, 14300 Nibong Tebal, Pulau Pinang, Malaysia a r t i c l e i n f o a b s t r a c t Article history: Received 24 October 2008 Received in revised form 13 May 2009 Accepted 14 May 2009 Available online 13 June 2009 It has been widely accepted worldwide that global warming is by far the greatest threat and challenge in the new millennium. In order to stop global warming and to promote sustainable development, renewable energy is a perfect solution to achieve both targets. Presently million hectares of land in Malaysia is occupied with oil palm plantation generating huge quantities of biomass. In this context, biomass from oil palm industries appears to be a very promising alternative as a source of raw materials including renewable energy in Malaysia. Thus, this paper aims to present current scenario of biomass in Malaysia covering issues on availability and sustainability of feedstock as well as current and possible utilization of oil palm biomass. This paper will also discuss feasibility of some biomass conversion technologies and some ongoing projects in Malaysia related to utilization of oil palm biomass as a source of renewable energy. Based on the findings presented...
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...The economic benefits of environmental policy A project under the Framework contract for economic analysis ENV.G.1/FRA/2006/0073 - 2nd FINAL REPORT November 2009 Matt Raymenta, Elke Pirgmaierb, Griet De Ceusterc, Friedrich Hinterbergerb, Onno Kuikd, Henry Leveson Gowera, Christine Polzinb, Adarsh Varmaa a b c d GHK Sustainable Europe Research Institute (SERI) Transport & Mobility Leuven VU University Amsterdam, Institute for Environmental Studies (IVM) Institute for Environmental Studies Vrije Universiteit De Boelelaan 1087 1081 HV AMSTERDAM The Netherlands Tel. ++31-20-5989 555 Fax. ++31-20-5989 553 E-mail: info@ivm.falw.vu.nl Internet: http://www.vu.nl/ivm vrije Universiteit amsterdam Contents Executive Summary 1. 2. 3. 3.1 3.2 3.3 3.4 3.5 3.6 4. 4.1 4.2 4.3 4.4 4.5 4.6 5. 5.1 5.2 5.3 5.4 5.5 5.6 6. 6.1 6.2 6.3 6.4 6.5 6.6 7. 7.1 7.2 7.3 7.4 7.5 8. 8.1 Introduction Environmental Policy and the Economy Environmental Policies and Productivity Description and background Policy instruments Review of evidence from the wider literature Evidence from examples and case studies Scale of economic benefits to date and assessment of the further potential Beneficiaries and timescale Environmental Policies and Innovation Description and background Policy instruments Review of evidence Examples and case studies Scale of economic benefits Beneficiaries and timescale Environmental Policies and Employment Description and background Policy instruments Review of evidence from...
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