greenhouse gas

U.S. Oil, Natural Gas Trade Groups Warn Proposed Methane Tax Could Backfire

U.S. Oil, Natural Gas Trade Groups Warn Proposed Methane Tax Could Backfire

Nearly 130 business and labor groups led by the American Petroleum Institute (API) are urging Congress to oppose a proposed tax on oil and gas methane emissions and instead push for direct federal regulation. Senate Democrats are considering the Methane Emissions Reduction Act of 2021 for inclusion in their $3.5 trillion budget reconciliation bill.  Introduced…

September 10, 2021
Canadian PM Takes Hard Line on Oil, Natural Gas Emissions Ahead of Election

Canadian PM Takes Hard Line on Oil, Natural Gas Emissions Ahead of Election

Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…

August 31, 2021
Federal Judge Voids OK for ConocoPhillips’ Willow Project in Alaska

Federal Judge Voids OK for ConocoPhillips’ Willow Project in Alaska

A federal judge on Wednesday voided Bureau of Land Management (BLM) approval of ConocoPhillips’ massive Willow development envisaged for Alaska’s North Slope, citing a failure by BLM to analyze the project’s downstream greenhouse gas (GHG) emissions. In a written ruling, U.S. District Court Judge Sharon Gleason of the District of Alaska said the environmental impact…

August 23, 2021
Sweeping Infrastructure Bill Goes Big on Energy Transition, Leaves Natural Gas Wanting

Sweeping Infrastructure Bill Goes Big on Energy Transition, Leaves Natural Gas Wanting

The $1 trillion infrastructure bill passed by the U.S. Senate Tuesday with bipartisan support includes a big boost in spending on renewable energy, the power grid and programs to broadly promote lower greenhouse gas emissions to slow climate change. The massive bill contains more than $550 billion in new spending. About $110 billion of that…

August 11, 2021
Canadian Heavyweights Launch CCUS, Financial Efforts as Carbon Tax Increase Looms

Canadian Heavyweights Launch CCUS, Financial Efforts as Carbon Tax Increase Looms

A rising Canadian carbon tax, scheduled to jump more than four-fold by 2030, has triggered a campaign by fossil fuel industry heavyweights to turn the greenhouse gas (GHG) emissions penalty into commercial opportunities. The efforts so far include TC Energy Corp., Pembina Pipeline Corp., Shell Canada Ltd., Canadian Imperial Bank of Commerce (CIBC), Sproule Associates,…

July 20, 2021
Engine No. 1 Looking Beyond ExxonMobil with ETF Launch

Engine No. 1 Looking Beyond ExxonMobil with ETF Launch

The investment group that convinced ExxonMobil shareholders to give it control of three board seats has launched an exchange-traded fund (ETF) as it looks to prod more companies into enhancing their sustainability efforts. The San Francisco-based company debuted the Engine No. 1 Transform 500 ETF (ticker: VOTE) with an initial commitment of $100 million.  ETFs…

June 30, 2021
Shell, GM Working to Reduce Texas EV Charging Costs, Expand Renewable Options

Shell, GM Working to Reduce Texas EV Charging Costs, Expand Renewable Options

Royal Dutch Shell plc and General Motors (GM) are collaborating to expand green energy options in Texas and beyond. Shell’s MP2 Energy LLC unit is partnering with the auto giant on “comprehensive energy solutions programs” that could include fixed-rate home energy plans using 100% renewable energy resources. The program, already for some GM customers in…

June 28, 2021
ExxonMobil, Chevron and Shell Events Said to Underscore Value of ESG Initiatives

ExxonMobil, Chevron and Shell Events Said to Underscore Value of ESG Initiatives

The trio of events that appeared to upset the status quo last Wednesday at ExxonMobil, Chevron Corp. and Royal Dutch Shell plc demonstrates increasing risks ahead for oil and natural producers as they transition for the new energy world ahead, according to analysts. Shareholder votes at the annual general meetings for ExxonMobil and Chevron, as…

May 29, 2021
Stricter Methane Limits Expected for Oil, Natural Gas as Senate Votes Against Trump-Era Rollback

Stricter Methane Limits Expected for Oil, Natural Gas as Senate Votes Against Trump-Era Rollback

Potentially clearing the way for stricter regulations for oil and natural gas operations, the U.S. Senate on Wednesday passed a resolution to undo the Trump administration’s rollback of methane emissions standards. By a 52-42 roll call vote divided largely along party lines, passage of Senate Joint Resolution 14 signaled disapproval under the Congressional Review Act,…

April 29, 2021
Natural Gas Said ‘Part of the Solution’ as Biden Pledges to Halve US GHG Emissions

Natural Gas Said ‘Part of the Solution’ as Biden Pledges to Halve US GHG Emissions

Energy stakeholders endorsed President Biden’s strengthening of U.S. climate change commitments on Thursday, but they also stressed the importance of natural gas in achieving deep decarbonization of the economy. Biden said Thursday the United States will target a 50-52% reduction in economy-wide greenhouse gas (GHG) pollution by 2030 versus 2005 levels. The announcement, made during…

April 23, 2021
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