Climate Change

“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…

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…

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…

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. …

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…

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…

The Biden administration has frozen awarding new oil and gas drilling permits, as well as leases on federal onshore and offshore property, for 60 days, 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 Vega…

Richard Glick, a Democrat who joined FERC in 2017, was named chairman of the Commission by President Biden on Thursday. “This is an important moment to make significant progress on the transition to a clean energy future. I look forward to working with my colleagues to tackle the many challenges ahead,” said Glick, who was…

The world’s first comprehensive roadmap for the energy sector, designed to help governments and companies reach net-zero emissions by 2050, is set to be issued later this year as climate change issues dominate, according to the International Energy Agency (IEA). The global energy watchdog said the report, to be issued in May, would “set out…