- “Exxon Faces $20 Billion Hit From ‘Epic Failure’ Of A Decade Ago” • ExxonMobil’s nightmarish 2020 has just got worse. The energy company announced that it will mark down the value of its natural gas properties by $17 billion to $20 billion. Exxon also promised to scale back its spending ambitions as it braces for a more muted oil price recovery. [CNN]
- “When Climate Disaster Strikes, It’s Renewable Energy That Keeps The Lights On” • The lesson of the Fukushima Disaster is painfully obvious: Energy systems need to be resilient to disaster. And this is not just a lesson for Japan; it’s one the rest of the world is starting to learn as we face cascading crises from climate change to Covid-19. [HuffPost]
- “Ford Presses Other Manufacturers To Join CARB Emissions Rules Package” • According to Reuters, Ford has sent a letter to Toyota, FCA, and other automakers who are still opposing tougher emissions standards that urges them to get on board with the California standard before Joe Biden takes office in January. [CleanTechnica]
- “In A World First, Cultured Chicken Meat Approved For Sale In Singapore” • The world’s first cell-cultured meat product – bite-sized chicken by California start-up Eat Just – will be available at restaurants in Singapore, now that authorities have ruled it safe for consumption. The cultured chicken bites will be locally produced. [The Straits Times]
- “OREAC Launches Roadmap For 1.4 TW Of Offshore Wind By 2050” • The Ocean Renewable Energy Action Coalition is calling on governments to ramp up their offshore renewable energy ambitions to achieve the coalition’s vision of 1,400 GW of offshore wind by 2050. OREAC published “The Power of Our Ocean” report as a guide. [Offshore WIND]
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