Biden

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
Mixed Reaction from Natural Gas, Oil Industry as $2T Biden Infrastructure Plan Targets Decarbonization, Taxes

Mixed Reaction from Natural Gas, Oil Industry as $2T Biden Infrastructure Plan Targets Decarbonization, Taxes

President Biden’s $2.25 trillion American Jobs Plan has generated mixed reactions from the fossil energy industry, as Biden is asking Congress to raise corporate taxes in order to accelerate the clean energy transition. The jobs and infrastructure package underscores the “whole-of-government” approach Biden is taking toward climate and energy policy, a shift from previous administrations.…

April 5, 2021
Biden Looking to Overhaul Nation’s Power Grid, Transit Systems in Historic Infrastructure Plan

Biden Looking to Overhaul Nation’s Power Grid, Transit Systems in Historic Infrastructure Plan

President Biden on Wednesday asked Congress for a massive infusion of funding to overhaul the nation’s power grids and expand renewable energy as part of a landmark program designed to fight climate change and expand American jobs. The estimated $2 trillion American Jobs Plan, if enacted by a split Congress, would be the most ambitious…

March 31, 2021
Enviros’ Call for U.S. to Pull Funding for Gas Projects Likely to Have ‘Minimal’ Impact on LNG

Enviros’ Call for U.S. to Pull Funding for Gas Projects Likely to Have ‘Minimal’ Impact on LNG

More than 400 environmental organizations across the globe have called on the Biden administration to end public support for fossil fuel developments, including natural gas projects, within 90 days. In a letter sent last week to a number of cabinet officials including Secretary of State Antony Blinken and Treasury Secretary Janet Yellen, the groups asked…

March 24, 2021
Oil, Natural Gas Companies Urged to Leverage Infrastructure, Expertise to Advance Biden Climate Agenda

Oil, Natural Gas Companies Urged to Leverage Infrastructure, Expertise to Advance Biden Climate Agenda

Oil and natural gas companies can play a vital role in achieving President Biden’s ambitious climate change goals if they choose to embrace it. In remarks delivered at CERAweek by IHS Markit, which was held in early March, Department of Energy (DOE) Secretary Jennifer Granholm and Special Presidential Envoy for Climate John Kerry said fossil…

March 16, 2021
Upcoming Years Present ‘Once-in-a-Generation’ Opportunity for Mexico-U.S. Trade Relationship

Upcoming Years Present ‘Once-in-a-Generation’ Opportunity for Mexico-U.S. Trade Relationship

There has been considerable friction between Mexico’s government and U.S. investors in the energy sector recently, but conditions are in place for booming trade between the two nations according to a new analysis from Washington, DC think tank Center for Strategic and International Studies (CSIS). “The next four years present a once-in-a-generation opportunity for the…

March 8, 2021
North Dakota Hopes to Reduce Impact of Federal Lands Leasing Ban; Native American Exemption

North Dakota Hopes to Reduce Impact of Federal Lands Leasing Ban; Native American Exemption

An exemption for Native American lands in the Biden Administration’s executive order (EO) pausing new leasing on federal lands is “highly significant” for North Dakota’s Bakken Shale play, according to the state’s top oil and natural gas regulator. Biden’s order directed to the Interior Department’s (DOI) Bureau of Land Management “does not restrict energy activities…

February 18, 2021
TC Energy Shuts Down Keystone Open Season Following Biden’s Keystone XL Cancellation

TC Energy Shuts Down Keystone Open Season Following Biden’s Keystone XL Cancellation

An 80,000 b/d offering of delivery service on an 11-year-old Canadian pipeline to the United States has been discarded as a casualty of President Biden’s decision to stop the proposed Keystone XL addition to the oil trade network. TC Energy Corp. said the offer was canceled because the project’s cancellation means no spare capacity would…

February 17, 2021
FERC Opens Door to Adding Landowner Protections in Natural Gas Pipeline Decisions

FERC Opens Door to Adding Landowner Protections in Natural Gas Pipeline Decisions

Under the direction of new Chairman Richard Glick, FERC is revisiting an order issued last year designed to prevent natural gas pipelines from starting construction with rehearings pending, opening the door to potentially implement additional landowner protections. However, in doing so the Federal Energy Regulatory Commission is leaving pipeline developers in the lurch by not…

February 2, 2021
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