Climate

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
Trump and Biden Clash Over Climate Change, Energy in Chaotic First Debate

Trump and Biden Clash Over Climate Change, Energy in Chaotic First Debate

More than an hour into a bitter, 90-minute debate that often devolved into inexplicable interruptions and trivial jabs more notable for political animus than policy substance, President Trump and former Vice President Joseph R. Biden Jr. sparred over climate change and energy. During the first of three scheduled debates Tuesday night at Case Western Reserve…

September 30, 2020
CCUS Retrofits at Wyoming Coal Plants Offers Benefits, Fewer Emissions, Says DOE

CCUS Retrofits at Wyoming Coal Plants Offers Benefits, Fewer Emissions, Says DOE

A carbon capture, utilization and storage (CCUS) study completed for several Wyoming coal-fueled power plants found that retrofits may provide significant benefits and reduce emissions.  The study by the U.S. Department of Energy (DOE) evaluated the potential opportunities for retrofitting the state’s existing power plants with CCUS technology, as well as the economic impact. It…

September 4, 2020
Biden Unveils $2T Climate, Infrastructure Plan Targeting Carbon-Free Power Sector by 2035

Biden Unveils $2T Climate, Infrastructure Plan Targeting Carbon-Free Power Sector by 2035

Democratic presidential candidate Joseph R. Biden Jr. on Tuesday afternoon unveiled a $2 trillion climate change and infrastructure plan dubbed “Build Back Better” that targets a carbon pollution-free power sector by 2035. The accelerated transformation of the electricity sector “represents the biggest job creation and economic opportunity engine of the 21st century,” according to the…

July 14, 2020
Amazon Launching $2B Climate Investment Fund, Expects to Reach 100% Renewable Goal Five Years Early

Amazon Launching $2B Climate Investment Fund, Expects to Reach 100% Renewable Goal Five Years Early

Amazon.com, Inc. said Tuesday it expects to reach its previously announced goal of running on 100% renewable energy by 2025, five years ahead of schedule. It also is launching a $2 billion fund to invest in products, services and technologies that decarbonize the economy. The e-commerce and technology giant had previously committed to reach 80%…

June 23, 2020
Warming Climate Seen Bulking Up Natural Gas Storage

Warming Climate Seen Bulking Up Natural Gas Storage

An increasingly hot climate does not bode well for U.S. natural gas, as a projected 0.1% decline in average degree days forecast over the next 10 years is expected to boost storage inventories by an additional 600 Bcf, according to analysts at Raymond James & Associates Inc. Using data from the National Oceanic and Atmospheric…

June 22, 2020
BP, ‘Green’ Shareholders Collaborating on Zero Emissions Goals

BP, ‘Green’ Shareholders Collaborating on Zero Emissions Goals

BP plc and shareholder Follow This have agreed to work together toward offering a resolution at the 2021 annual meeting to support more investments beyond oil and natural gas that would move the supermajor toward its net zero emissions goals.

March 31, 2020
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