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Nigeria is trapped between energy poverty, climate impact __NNPC
The twin impacts of energy poverty and climate change have wedged Nigeria between conflicting needs for decarbonisation and energy security through technologies that deliver both simultaneously. The Nigerian National Petroleum Company Limited declared at the Practical Nigerian Content (PNC) Forum…
Elon Musk says petroleum needed to sustain civilization
Inventor who is driving electric vehicle innovation, Mr Elon Musk, has declared that oil and gas remain relevant to sustain human civilization. Elon Musk is the Chief Executive Officer of Tesla, the leading global brand in electric vehicle EV and…
Climate researchers demand 50% fossil energy output shut
Sopuruchi Onwuka New findings by researchers suggest that world governments and institutions should immediately stop nearly 200 new petroleum development projects and divert over $300 billion industry budget towards accelerating energy transition from fossil. The new study, coauthored by Greg…
Climate change: Nigeria to sustain dual energy policy
Sopuruchi Onwuka President Muhammdu Buhari has restated the resolve of the Nigerian government to drive dual energy policy of remaining a major source and consumer of fossil energy while aligning with the global trend for energy transition. President Buhari whose…
High prices expose oil firms to $500 Bn investment loss
Europe’s renewable power rises 157% to 547 TWh in 2021 Sopuruchi Onwuka Staking huge investments on the back of the soaring oil prices without maintaining steady outlook in energy transition could leave assets worth some $500 billion stranded. Two environmental…
Climate change: expert questions CO2 storage procedure, energy transition
Sopuruchi Onwuka Carbon capture and storage (CCS), one of the novel technologies that hold promise of diverting industrial emissions to artificial reserves, is yet to address the question of leakages. The question from Professor John Underhill of Heriot-Watt University in…
Net Zero climate targets to cost $276 trn
Sopuruchi Onwuka Reaching the climate redemption targets set by the world governments and institutions would task the global economy with significant $276 trillion between 2020 and 2030. The huge figure translates to annual cost of e $9.2 trillion in cumulative…
COP26: Energy transition confronts oil resilience
Sopuruchi Onwuka The world would in the first week of November be in dilemma with dicey decision on the fate of fossil fuel as high energy prices spark off strong inflationary trends that hurt the economies of the rich industrialized…
