Climate

Massachusetts Utilities Sign Hydropower PPA in Effort to Hit Climate Targets

Massachusetts Utilities Sign Hydropower PPA in Effort to Hit Climate Targets

Thirteen Massachusetts-based municipal public power entities have agreed to purchase more than 110 GWh/year of electricity from two hydroelectric power plants in Connecticut owned by FirstLight Power Resources Inc. The offtaker under the power purchase agreement (PPA) is Energy New England (ENE), a wholesale risk management and energy trading organization serving municipal utilities in New…

October 10, 2022
California Leading Race to Zero Emissions Vehicles; Biden’s IRA May Propel U.S. Sales

California Leading Race to Zero Emissions Vehicles; Biden’s IRA May Propel U.S. Sales

Already leading the United States in most electric vehicles (EV) registered, California had more than 1,900 medium- and heavy-duty zero emissions vehicles (ZEV) on the state’s roads as of July, according to regulators.  In the fall of 2020, Gov. Gavin Newsom signed an executive order (EO) requiring all new vehicle sales be ZEVs by 2035,…

August 26, 2022
Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’

Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’

Liberty Energy Inc. CEO Chris Wright made no bones about prognosticators calling for the demise of oil and natural gas on Monday. “The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised…

August 16, 2022
Mexico’s AMLO Pledges $2B to Curb Pemex Methane Leaks as ESG Concerns Mount

Mexico’s AMLO Pledges $2B to Curb Pemex Methane Leaks as ESG Concerns Mount

Mexico’s state oil company Petróleos Mexicanos (Pemex) plans to invest $2 billion to reduce upstream methane emissions by up to 98%, Mexico’s president Andrés Manuel López Obrador said Friday. The investment is one of 10 actions Mexico is undertaking to fight climate change, the president said in a video address to the Major Economies Forum…

June 22, 2022
Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Shell plc’s energy transition strategy got a thumb’s up Tuesday from shareholders during an annual general meeting that was disrupted for hours by protestors. During a live feed of the proceedings in London, demonstrators shouted insults and sang protest songs, which led Chairman Andrew Mackenzie to formally delay the event. Before police arrived, some protestors…

May 24, 2022
Biden’s Climate Envoy Endorses Natural Gas with CCUS as Long-term Energy Solution

Biden’s Climate Envoy Endorses Natural Gas with CCUS as Long-term Energy Solution

U.S. Special Presidential Envoy for Climate John Kerry this week expressed support for natural gas as a long-term energy source, provided that the resulting carbon emissions are abated.  “I’m for gas as this transitional effort, and I hope someone will come up with the technology that can affordably find a way to capture the emissions,”…

January 26, 2022
California’s Request to Burn Natural Gas OK’d by DOE as Supply Risks Imminent

California’s Request to Burn Natural Gas OK’d by DOE as Supply Risks Imminent

The Department of Energy (DOE) has approved a request by California’s electric grid operator to dispatch more than 200 MW of natural gas-fired generation capacity beyond currently permitted levels to compensate for projected shortfalls in power supply. In a letter Wednesday (Sept. 7) to DOE Secretary Jennifer Granholm, the California Independent System Operator’s (CAISO) Mark…

September 13, 2021
Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

The European Commission has increased a proposed target for renewable energy development to help achieve a goal of cutting greenhouse gas (GHG) emissions in 2030 by 55% over 1990 levels. The commission’s proposal calls for renewables to make up 40% of the European Union (EU) energy mix by 2030, compared to a previous target of…

July 14, 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
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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