Climate Change

API Shows Support for DOE’s $100M to Advance Efficient Energy Solutions

API Shows Support for DOE’s $100M to Advance Efficient Energy Solutions

Last week, the U.S. Department of Energy (DOE) revealed $100 million in funding for its Advanced Research Projects Agency-Energy program, a move applauded by the American Petroleum Institute (API).  The DOE’s newest program is to focus on research and development of new technologies needed to decrease greenhouse gas (GHG) emissions and effectively combat climate change. …

February 18, 2021
Democratic State Lawmakers Propose Fracking Ban in California

Democratic State Lawmakers Propose Fracking Ban in California

Two Democratic state senators in California on Wednesday introduced legislation to ban various well stimulation technologies, including hydraulic fracturing (fracking), along with establishing a 2,500-foot setback for wells from the population. Its authors — state Sens. Scott Wiener (San Francisco) and Monique Limon (Santa Barbara) — characterize Senate Bill (SB) 467 as being a boost…

February 18, 2021
Environmental Justice the Focus of New FERC Position as Chairman Singles Out NatGas Projects

Environmental Justice the Focus of New FERC Position as Chairman Singles Out NatGas Projects

In a move likely to have implications for natural gas infrastructure projects moving forward, FERC is creating a senior position focused on environmental justice and equity issues. Chairman Richard Glick, a Democrat who was handed the gavel by the Biden administration last month, announced the new agency role late last week. While promising more details…

February 18, 2021
Texas Regulators Vent About Natural Gas Flaring, Suggest Staff ‘Dig Deeper’ Before Approving Requests

Texas Regulators Vent About Natural Gas Flaring, Suggest Staff ‘Dig Deeper’ Before Approving Requests

As Texas regulators attempt to determine how much is too much, an industry coalition on Wednesday said it would snuff out natural gas flaring in the state by 2030. The announcement by the Texas Methane & Flaring Coalition, made up of seven trade associations and more than 40 top operators, came one day after the…

February 11, 2021
Mexico Taking Steps to Undo Energy Reform, Says Former CRE Commissioner

Mexico Taking Steps to Undo Energy Reform, Says Former CRE Commissioner

“The energy reform sought to create a sector that operated as a market with technical criteria and with long-term investor certainty, and that is being dismantled,” Guillermo Zúñiga, former Commissioner at the Energy Regulatory Commission (CRE) from 2013-2019, told NGI’s Mexico Gas Price Index.  Zúñiga, currently an international attorney at the Earthjustice environmental nonprofit based…

January 29, 2021
Chevron CEO Cautious on Biden Climate Actions, but ‘Onerous’ Conditions May Push Investments Overseas

Chevron CEO Cautious on Biden Climate Actions, but ‘Onerous’ Conditions May Push Investments Overseas

Chevron Corp. CEO Mike Wirth on Friday was optimistic that the supermajor could navigate near-term under a potential cap on federal leasing in the United States but he warned that if conditions were to deteriorate, “we have other places to take our dollars.” Wirth helmed a conference call with CFO Pierre Breber on Friday to…

January 29, 2021
New York City Pension Funds OK Cutting Fossil Fuel Investments Within Five Years

New York City Pension Funds OK Cutting Fossil Fuel Investments Within Five Years

New York City’s largest pension funds on Monday voted to pull their money from fossil fuel investments within five years, portfolios that hold an estimated $4 billion in securities. Mayor Bill de Blasio, Comptroller Scott M. Stringer and trustees of two of the city’s pension funds said the plan is to cut off money for…

January 25, 2021
Massachusetts Legislators Work to Refile Net Zero Emissions Bill Scuttled by Governor

Massachusetts Legislators Work to Refile Net Zero Emissions Bill Scuttled by Governor

Massachusetts Gov. Charlie Baker last week cited high costs in vetoing legislation that would have moved the state toward achieving net-zero carbon emissions by 2050.  One of the major goals of the legislation was to ban the sale of new gasoline-powered vehicles by 2035 and transition to battery, fuel cell and plug-in hybrid electric vehicles. …

January 25, 2021
New World Order for U.S. E&Ps as Biden Freezes Near-Term Federal Oil, Natural Gas Leasing

New World Order for U.S. E&Ps as Biden Freezes Near-Term Federal Oil, Natural Gas Leasing

The Biden administration last week froze for 60 days awarding new oil and gas drilling permits, as well as leases on federal onshore and offshore property, likely heralding more permanent limits to be enacted down the road. The order mandating the freeze was signed by acting Department of the Interior (DOI) Secretary Scott de la…

January 25, 2021
Southwest Gas Evaluating Impact to Natural Gas Supply from Nevada Climate Initiative

Southwest Gas Evaluating Impact to Natural Gas Supply from Nevada Climate Initiative

Las Vegas-based Southwest Gas Corp. executives are keeping an eye on the long-term potential of natural gas in light of Nevada’s new State Climate Strategy. The Climate Strategy was issued last month and is designed to reach near-zero greenhouse gas (GHG) emissions by 2050. The series of policy goals include banning the use of gas…

January 22, 2021
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