Since the EU imposed sanctions on Russia, there has been a redrawing of the global oil map, according to a new study . Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. Transport & Environment (T&E), who carried out the study, says the EU is missing a historic opportunity to cut oil consumption and reduce the continent’s … [Read more...]
‘Hot air’ claims about hydrogen investment, say greens
Europe’s oil majors’ ‘big bet' on hydrogen as the transport fuel for the future is not so big in reality, according to a new study on behalf of Transport & Environment, which shows that investments in biofuels refining are eight times bigger. T&E accused oil producers of not being serious about investing in genuinely clean fuels, but choosing the easy, unsustainable biofuels … [Read more...]