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Federal Appeals Court Strikes Down Trump Regulatory Rollback Affecting GHG Emissions

Federal Appeals Court Strikes Down Trump Regulatory Rollback Affecting GHG Emissions

A federal appeals court struck down a Trump administration rule intended to relax federal oversight of air pollution from coal- and natural gas-fired power plants. The reversal of the Affordable Clean Energy (ACE) rule, issued by the U.S. Court of Appeals for the District of Columbia on Tuesday, concluded that Environmental Protection Agency officials under…

January 20, 2021
New Banking Rule a Win for Oil and Natural Gas Sector, but Biden Administration Likely to Nix It

New Banking Rule a Win for Oil and Natural Gas Sector, but Biden Administration Likely to Nix It

A new federal rule intended to prevent large banks from denying loans to companies in the oil and gas industry and other sectors that have fallen out of favor with some institutional investors because of environmental and social concerns represents a win for energy companies. But it may prove short-lived. The “fair access” rule, finalized…

January 19, 2021
Outgoing Trump Administration Warns of U.S. Economic Disaster if Fracking Banned

Outgoing Trump Administration Warns of U.S. Economic Disaster if Fracking Banned

A ban on hydraulic fracturing, a key technique used to complete unconventional oil and natural gas wells, could reverse U.S. production growth and lead the country backwards to become a net importer once again by as soon as 2025, the outgoing Trump administration warned in a report issued Thursday. The Department of Energy’s (DOE) outgoing…

January 15, 2021
Energy Sector Pulling Some GOP Donations, while API Chief Condemns ‘Devastating’ Capitol Breach

Energy Sector Pulling Some GOP Donations, while API Chief Condemns ‘Devastating’ Capitol Breach

The leader of the nation’s top oil and gas lobbying group didn’t mince words in condemning the actions of protesters who stormed the Capitol building on Jan. 6, and he made clear Wednesday that last week’s events would influence the industry’s decisions about political giving moving forward. Following the American Petroleum Institute (API) annual State…

January 14, 2021
Markets Shrug Off Weather Worries, Push Up February Natural Gas Futures

Markets Shrug Off Weather Worries, Push Up February Natural Gas Futures

Natural gas futures slipped early on Monday following forecasts for mild weather and diminished heating demand. However, they rebounded in afternoon trading and finished in the green amid anticipation of a late-month surge in frigid temperatures. The February Nymex gas futures contract settled at $2.747/MMBtu, up 4.7 cents day/day after falling more than 10 cents…

January 11, 2021
Corporate America Calls for Invoking 25th Amendment; Chevron Urges Orderly Biden Transition

Corporate America Calls for Invoking 25th Amendment; Chevron Urges Orderly Biden Transition

Calls were escalating Thursday from lawmakers and major business groups, including the National Association of Manufacturers (NAM), for President Trump to step down from office before his term ends on Jan. 20. A mob of Trump supporters on Wednesday stormed the U.S. Capitol, wreaking havoc and terror inside the hallowed halls of democracy. Four people…

January 7, 2021
Alaska Oil, Natural Gas Auction Set for Early January — Before Biden Takes Office

Alaska Oil, Natural Gas Auction Set for Early January — Before Biden Takes Office

The Trump administration plans to hold an oil and gas auction for the pristine Arctic National Wildlife Refuge (ANWR) in early January, setting up a showdown with opponents less than three weeks before President-elect Biden takes over. The Department of Interior’s Bureau of Land Management (BLM) set the video livestream lease sale for Jan. 6.…

December 7, 2020
Trump Administration Moves to Auction Alaska ANWR for Oil, Natural Gas Development

Trump Administration Moves to Auction Alaska ANWR for Oil, Natural Gas Development

The Trump administration on Monday began a formal push that possibly could allow oil and natural gas leases to be auctioned in Alaska’s pristine Arctic National Wildlife Refuge (ANWR) before Joseph R. Biden Jr. is sworn into office in January. According to a preliminary notice in the Federal Register to be published on Tuesday, the…

November 16, 2020
Early in Biden’s First Year, Pandemic and Economic Stimulus to Trump Energy Policy

Early in Biden’s First Year, Pandemic and Economic Stimulus to Trump Energy Policy

A resurging pandemic and potentially protracted negotiations over a new round of economic stimulus could dominate the early months of President-elect Joseph R. Biden’s tenure, overshading other priorities and likely delaying any new major legislation impacting oil and gas interests. The likelihood of a divided government, moreover, will make Biden’s energy and climate priorities among…

November 11, 2020
Battle Lines Clear on Energy, Climate After Final Presidential Debate

Battle Lines Clear on Energy, Climate After Final Presidential Debate

The final presidential debate on Thursday crystallized stark differences between the candidates on climate and energy policy, as Joseph R. Biden Jr. stressed the urgency of addressing climate change while President Trump warned that the Democratic nominee’s plans would hurt the economy. Calling climate change “an existential threat to humanity,” Biden said, “We have a…

October 23, 2020
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