Climate

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…

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…

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…

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…

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…

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…

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%…

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…

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.