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...We can see the same now in electric vehicles. Their cost is one-third to one-half the cost of other electric vehicles....
...Wood Mackenzie added that many companies in the oil and gas industry had low levels of borrowing and would be relatively unaffected by higher rates....
...However, the group announced last year that it would be shifting from pressuring companies on climate disclosures to pushing them to actively reduce greenhouse gas emissions....
...But Equinor is still first and foremost an oil and gas company....
...Peter Herweck, head of energy management group Schneider Electric, also doubted that gas would benefit as much as people selling the fossil fuel claimed....
...A merger between Oklahoma-based Chesapeake — valued at about $10bn at the market close on Thursday — and Texas-based Southwestern — valued at $7bn — would be the first big gas-focused tie-up since the frenzy...
...Oklahoma-based Chesapeake offered $6.69 per Southwestern share....
...hybrids and fully electric vehicles....
...The move to back new gas-fired generating capacity is the latest watering down of green policies by Sunak’s government....
...The FT also has a story today on whether European carmakers can rival China’s BYD, the world’s largest manufacturer of electric vehicles....
...They are still worthwhile for people in sprawling suburbs, who drive long distances every day and who will earn back the emissions and the financial outlay by never buying gas again....
...Western governments wanting to curb greenhouse gas emissions are encouraging greater use of electric vehicles to help achieve their aim....
...The Barossa Project — which counts South Korea’s SK E&S and Japan’s Tokyo Electric Power and Chubu Electric Power as sizeable investors alongside Santos — intends to pipe gas almost 300km from the Timor...
...However, the ESO frequently ends up buying electricity from other sources, such as gas-fired power plants, even when batteries are available....
...Potential solutions, such as burning hydrogen or capturing carbon, are almost by definition more expensive than existing gas-fired boilers....
...If governments can accelerate the adoption of electric vehicles and shift heating from the use of natural gas to renewably-generated electricity, then demand for oil, coal and gas will inevitably fall....
..., who recently donated $50mn to establish the Hamm Institute for American Energy at Oklahoma State University....
...Apple has cancelled its secretive decade-long electric car project known as Project Titan to focus research funding on generative AI....
...Li Yunfei, general manager of branding and public relations at BYD, said in a recent social media post that the company was starting “a grand showdown with gas cars”....
...The company has since resumed making new connections, but is rationing electricity to some customers because of constraints on transmission lines....
...Fatih Birol in the report, which found less than 1 per cent of investment in clean energy came from oil and gas companies....
...“It’s one of the industries where we’re seeing oil and gas companies focus because they know demand for plastics is only expected to grow in the long term,” said Kirti Vasta, a research analyst at BloombergNEF...
...The company pushed back its forecast for peak oil demand “by a few years to the early 2030s”, said Hardy, because of slowing adoption of electric vehicles and the expectation that demand from some emerging...
...South Korea’s SK E&S holds a 37.5 per cent stake in the project while Japan’s Jera — a joint venture between Japanese utilities Tokyo Electric Power and Chubu Electric Power — has a 12.5 per cent stake....
...EVs also depreciate faster than gas-powered cars....
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