Climate

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
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
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