Biden

TC Energy Again Seeking $15B-Plus in Damages from Biden Administration for Canceling Keystone

TC Energy Again Seeking $15B-Plus in Damages from Biden Administration for Canceling Keystone

TC Energy Corp. has revived a five-year-old trade damages claim topping $15 billion against the U.S. government for refusing to let the Keystone XL oil export project have a construction permit. Notice of the legacy claim, based on fairness rules of the North American Free Trade Agreement (NAFTA), was filed Friday with the U.S. Department…

July 6, 2021
G-7 Takes Stand for ‘Green Revolution,’ Resolving to Beat Covid-19 and Build Back Better

G-7 Takes Stand for ‘Green Revolution,’ Resolving to Beat Covid-19 and Build Back Better

The Group of 7 world leaders pledged over the weekend to protect the planet by supporting a “green revolution” to create jobs, reduce emissions and limit the rise in global temperatures.The G7, as it is better known, consists of Canada, France, Germany, Italy, Japan, the UK and the United States. The seven countries in 2020…

June 14, 2021
Biden Administration Suspends Alaska Coastal Plain Oil, Natural Gas Leasing Program

Biden Administration Suspends Alaska Coastal Plain Oil, Natural Gas Leasing Program

The Department of the Interior (DOI) on Tuesday suspended the Coastal Plain Oil and Gas Leasing Program launched by the Trump administration in Alaska’s Arctic National Wildlife Refuge (ANWR). The order signed by DOI Secretary Deb Haaland halts “all activities related to the implementation of” the program, including leases awarded in the program’s first and…

June 2, 2021
United States Said ‘Most Attractive’ in Global Renewables Market

United States Said ‘Most Attractive’ in Global Renewables Market

The United States has the most attractive market for renewable energy investment following the Biden Administration’s plan to transition to a lower-carbon power grid as part of the $2.25 trillion American Jobs Plan, according to rankings data from IHS Markit.  The rankings put the United States in the number one spot for the period ending…

May 14, 2021
Oxy’s Hollub Encourages Biden Administration to Herald Oil, Natural Gas Development for Jobs, Reinvestment

Oxy’s Hollub Encourages Biden Administration to Herald Oil, Natural Gas Development for Jobs, Reinvestment

Occidental Petroleum Inc. CEO Vicki Hollub said Tuesday the Biden administration’s attempt to corral federal oil and gas development could constrict jobs growth while dampening supply as the world transitions from fossil fuels.   Hollub shared a microphone with her management team to discuss first quarter results for Oxy, as it is better known. The administration…

May 12, 2021
Latest NGI Hub & Flow Podcast Examines Biden Climate Agenda, Impacts on Oil and Gas – Listen Now

Latest NGI Hub & Flow Podcast Examines Biden Climate Agenda, Impacts on Oil and Gas – Listen Now

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI associate editors Kevin Dobbs and Andrew Baker discuss the presidential election and its impacts for the natural gas and oil industry.  Dobbs and Baker discuss President-elect Biden’s priorities with respect to energy, climate and infrastructure, as well as…

April 30, 2021
U.S. to Work Toward Net-Zero Future with Fellow Oil, Natural Gas Producing Nations

U.S. to Work Toward Net-Zero Future with Fellow Oil, Natural Gas Producing Nations

The United States is teaming up with Canada, Norway, Qatar and Saudi Arabia to target net-zero greenhouse gas (GHG) emissions from the five countries, all of which are major oil and gas producers. The countries, which together account for about 40% of global oil and gas production, jointly said on Friday they are establishing a…

April 28, 2021
Before U.S. Senate Committee, Critics Blast Biden’s Moratorium on Federal Oil, Gas Lease Sales

Before U.S. Senate Committee, Critics Blast Biden’s Moratorium on Federal Oil, Gas Lease Sales

Oil and natural gas industry leaders and politicians railed against President Biden’s decision to freeze oil and gas lease sales on federal lands and waters through at least June during a Senate Energy and Natural Resources Committee hearing on Tuesday. Government officials, meanwhile, defended the pause as a necessary step as they review the program…

April 27, 2021
Vital Role Seen for Natural Gas as Biden Doubles U.S. Climate Commitments

Vital Role Seen for Natural Gas as Biden Doubles U.S. Climate Commitments

Energy stakeholders endorsed President Biden’s strengthening of U.S. climate change commitments on Thursday, but they also stressed the importance of natural gas in achieving deep decarbonization of the economy. Biden said Thursday the United States will target a 50-52% reduction in economy-wide greenhouse gas (GHG) pollution by 2030 versus 2005 levels. The announcement, made during…

April 22, 2021
Businesses Urge Biden to Boost GHG Commitments Ahead of U.S. Climate Summit

Businesses Urge Biden to Boost GHG Commitments Ahead of U.S. Climate Summit

More than 300 businesses and investors, including U.S. utilities and energy infrastructure giants, have signed an open letter to President Biden urging the administration to nearly double the U.S. commitments in targeted reductions for greenhouse gas (GHG) emissions. The letter’s 310 signatories represent more than $3 trillion in annual revenue and $1 trillion-plus in assets…

April 13, 2021
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