Fossil Fuels

The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales.  “When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our…

Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or securities of the…

Many of the liquefied natural gas (LNG) export facilities already under construction or in planning will not be needed in the future if the world is to reach net zero greenhouse gas emissions by 2050, the International Energy Agency said in a bombshell report this week. The world’s oil and gas needs in a net…

Amid the ongoing energy transition, natural gas and renewables are seen accounting for more than 90% of incremental energy demand globally through 2050, according to a new report from the Gas Exporting Countries Forum (GECF) The GECF on Wednesday released the latest edition of its Global Gas Outlook 2050 report, which outlined a future in…

In the most ambitious makeover in its century-old history, Royal Dutch Shell plc is throttling back oil production as it inches toward a low-carbon future, but for natural gas, global opportunities abound. During wide-ranging presentations on Thursday for the energy major’s Strategy Day, the executive team etched out a roadmap to retool, designed to reach…

Non-carbon energy is expected to reach or exceed 10% of global primary energy demand for the first time ever in full-year 2020, according to new analysis by IHS Markit’s Jim Burkhard, head of oil markets, energy and mobility. Non-carbon refers to wind, solar, geothermal, hydroelectric and nuclear power. Non-carbon energy’s share of global energy demand…

Natural gas is viewed more favorably than other fossil fuels around the world, although sentiment is largely divided along ideological lines, according to a recent Pew Research Center survey. The survey was conducted between October 2019 and March in 20 countries including the United States, Canada, Brazil and Russia, along with several countries across Europe…

The Covid-19 pandemic may spur longer lasting changes that have accelerated the energy transition from fossil fuels, with investments in renewables now growing at a fast clip, according to analysts.

Curtailing or outright banning new oil and natural gas drilling in California is bubbling up as a back-burner public policy issue in the state capital, with proposed legislation that could impose a 2,500-foot setback for drilling.