- “CRI Successfully Demonstrates Chemical Storage With Renewable Methanol” • Carbon Recycling International has shown that its renewable methanol can be used to store surplus renewable energy chemically. CRI developed a process to convert captured CO₂ and hydrogen directly into methanol by use of catalysts. [The Chemical Engineer]
- “Oil Giants Post Historic Losses As COVID-19 Obliterates Demand” • With a pandemic and a crude oil glut, the country’s two largest oil giants posted their steepest losses in modern history. ExxonMobil posted a $1.1 billion loss in the year’s second quarter. Chevron Corporation lost $8.3 billion, including a $5.2 billion write-down on assets. [HuffPost]
- “Tesla Autopilot Accidents: 1 Per 4,530,000 Miles; US Average: 1 Per 479,000 Miles” • Tesla released its quarterly “Tesla Vehicle Safety Report.” The Tesla Q2 figure for accidents was far better than the US average – about 10 times better when the Autopilot is engaged. The figures clearly show that Tesla’s safety features are impressively effective. [CleanTechnica]
- “GM’s Ultium Battery Factory Is Sprouting Up In Ohio” • When you think of a US automaker building a large EV battery factory, Tesla tends to come to mind, but it’s worth remembering that GM is doing this as well. The company proudly showed off some pictures from the site, to remind people of its progress and cheer on its employees and contractors. [CleanTechnica]
- “Fossil Fuel Industry Engaging In ‘Pervasive Fraud’ That Threatens Global Economy, Report Warns” • A report from the National Whistleblower Center says deception on the financial risks of climate change by fossil fuel executives is widespread and is likely actionable fraud. Further securities fraud lawsuits against fossil fuel companies can be expected. [DeSmog]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.