Reuters ODESSA, Texas – The top elected official of the largest U.S. oil and gas producing state on Thursday pledged to fight President Joe Biden’s executive orders that he claimed would undercut Texas energy production. In a case of dueling executive orders, Texas Governor Greg Abbott authorized state agencies to bring legal challenges Biden’s policies. Biden on Wednesday unveiled a
Reuters NEW YORK – The U.S. oil industry is seeking to forge an alliance with the nation’s corn growers and biofuel producers to lobby against the Biden administration’s push for electric vehicles, but is so far meeting a cool reception, according to multiple sources familiar with the discussions. The effort to promote liquid fuels and combat expected federal subsidies for
msn.com Publisher’s Note: EnerCom and Colorado School of Mines, present The Energy Venture Investment Summit on Wednesday, February 10th – Thursday, February 11th, 2021. The featured presenters include companies within the air quality and methane monitoring, renewable natural gas, carbon capture, advanced instruments, geothermal, solar, innovative water management, drilling waste recycling, AI document analytics and utility-scale ocean wave power industry segments.
Oil and Gas 360 HOUSTON , Jan. 27, 2021 /PRNewswire/ — Marathon Oil Corporation (NYSE: MRO) today announced an update regarding its environmental, social, and governance (ESG) performance, including significant changes to its executive compensation framework as well as new quantitative greenhouse gas (GHG) emissions reduction initiatives. The Company believes continuously improving all elements of its ESG performance is essential to successfully executing its
Reuters LONDON – Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil. Its geologists, engineers and scientists have been cut to less than 100 from a peak of more than 700 a few years ago, company sources told
Reuters LONDON/BRUSSELS – Some British companies are still buying permits from the EU carbon market as uncertainty over Britain’s planned domestic carbon market means they can’t yet use it to protect themselves against future price rises. When utilities sell power — often years in advance — they also buy Emissions Trading System (ETS) permits to hedge the carbon price exposure
Reuters WASHINGTON – Incoming U.S. president Joe Biden will announce America’s return to the international Paris Agreement to fight climate change on Wednesday, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements will also include a sweeping order to review all of ex-President Donald Trump’s actions weakening climate change
Reuters WINNIPEG, Manitoba/OSLO – Two of the world’s biggest fertilizer producers, CF Industries Holdings Inc and Yara International Asa, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the United States and Norway to produce clean energy to power ships. The consumption of oil for transportation is one of the top contributors to global
Reuters BRUSSELS – The European Union’s proposed carbon border charge is essential to the survival of its own industries and the bloc will impose the levy on non-EU competitors unless they commit to lowering their emissions, the bloc’s climate policy chief said on Monday. The EU’s executive Commission is expected to propose its carbon border adjustment policy before the end
Reuters PARIS – Total is paying $2.5 billion for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets, marking the latest step in the French energy company’s drive to reduce its dependence on oil. For its investment, Total will get a 20% stake in AGEL and a seat on its
Oil and Gas 360 Chevron Corporation (NYSE: CVX) today announced a Series C investment in San Jose-based Blue Planet Systems Corporation (“Blue Planet”), a startup that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations. Chevron Technology Ventures’ ongoing investment in carbon capture and utilization technologies supports Chevron’s focus on a
Reuters President-elect Joe Biden is close to announcing a slate of Cabinet nominees who will be central to his administration’s sweeping plan to fight climate change, according to sources familiar with the matter. For the interior secretary post, Biden appears to favor U.S. Representative Deb Haaland of New Mexico, three informed sources said, a pick, that if confirmed by the
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