Oil industry set to ink record number of renewable energy deals in 2019

first_imgOil industry set to ink record number of renewable energy deals in 2019 FacebookTwitterLinkedInEmailPrint分享OilPrice.com:The world’s biggest oil companies are on track to do a record number of deals to invest in alternative energy and green technologies this year, BloombergNEF said in a report on Wednesday. Seven months into 2019, Big Oil has already made nearly 70 deals involving renewables and biofuels, compared to 80 such agreements for the entire 2018, according to the report.European oil majors are much more active than U.S. supermajors on the clean energy investment front, having sealed seven times as many agreements as the U.S. firms, BloombergNEF said. The most active oil firm in clean energy investment is Shell, beating its French rival Total to the first place this year, according to BloombergNEF’s report.Big Oil has been facing increased investor pressure to start addressing climate change risks and set emission reduction targets if the world is ever to achieve the Paris Agreement targets.Earlier this year, BP’s shareholders voted in favor of a climate change shareholder resolution, pushing the UK oil and gas supermajor to set out a business strategy consistent with the climate goals of the Paris Agreement.Shell announced its first-ever short-term goals to cut the carbon footprint of its operations and product sales. In July, Shell’s chief executive Ben van Beurden said that the world reducing emissions to net zero “is the only way to go,” and called on businesses to work together to move faster in addressing climate change. The Anglo-Dutch major has pledged to invest US$2 billion annually in renewables and clean technologies.More: Big Oil to seal record number of green energy deals in 2019last_img read more

Red Sox celebrate World Series triumph with parade

first_imgLights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Fans cheer the Boston Red Sox passing by in duckboats during a parade to celebrate the team’s World Series championship over the Los Angeles Dodgers, Wednesday, Oct. 31, 2018, in Boston. (AP Photo/Elise Amendola)Boston Red Sox players and supporters celebrated the Major League Baseball team’s victory over the Los Angeles Dodgers in the World Series with a victory parade Wednesday along city streets.A day-long celebration of the Red Sox’s fourth championship in the past 15 seasons — after having not won the crown since 1918 until the recent run — began with a rally inside Fenway Park, the oldest major league stadium built in 1912.ADVERTISEMENT Son double sends Tottenham to English League Cup quarters Players rode on duck boats, Boston’s famed vehicles that serve as cars or boats, and displayed the championship trophy as they rode down the city streets, fans cheering and singing with delight.“It’s a dream come true for me and I’m so thankful to be here right now,” said Boston’s Steve Pearce, the World Series Most Valuable Player. “It still feels so weird to hear that, World Series MVP.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissPearce recalled pitcher Chris Sale and manager Alex Cora gathering the team together when they faced adversity to help revive their momentum on the path to the crown, beating the Dodgers four games to one in the best-of-seven World Series despite losing the longest game in Series history after 18 innings.“When our backs were against the wall, we banded together and we got it done,” Pearce said. “We figured it out and everything suddenly got going for us. Everybody responded. Gov’t to employ 6,000 displaced by Taal Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Tim Cone, Ginebra set their sights on elusive All-Filipino crown LATEST STORIES Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award “It was what we needed. We came out the next day and responded. That’s what it was all about.”Signs in the crowd along the streets and in the ballpark included “LA: Lost Again” and “Alexa, Play New York, New York,” the theme song of the arch-rival Yankees, whom the Red Sox vanquished in their first playoff series despite a home loss in game two of the best-of-five matchup.“We lost game two to the Yankees. Everybody here was so scared,” Red Sox manager Alex Cora said. “Then we scored 16 at Yankee Stadium. Suck on it.”Price staying in BostonThe Red Sox received good news for next year’s title defense as they seek back-to-back crowns for the first time since 1915 and 1916 as pitcher David Price said he will remain with the club for the final four seasons of his contract, refusing an opt-out clause he had through Wednesday in his seven-year, $217 million deal.ADVERTISEMENT Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew “Yeah, I’m opting in. I’m not going anywhere,” Price said. “I want to win here. We did that this year, and I want to do it again. There wasn’t any reconsideration on my part ever. I came here to win. We did that this year and that was very special. Now we want to do it again.”Price went winless in his first 11 career playoff starts, then pitched the Red Sox to victory in the clinching game over Houston in the American League Championship Series and starred in games two and five of the World Series.“He should have been the co-MVP of the World Series,” Red Sox owner John Henry said. “I can’t imagine we would have wound up winning without David Price this year.”Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Allen Durham still determined to help Meralco win 1st PBA title Nadine Lustre’s phone stolen in Brazil View commentslast_img read more