Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the city’s $189 billion pension funds announced today a plan to divest city funds from fossil fuel reserve owners within five years, which would make New York City the first major U.S. pension plan to do so. In total, the city’s five pension funds hold roughly $5 billion
Offshore rule amendments would save $228 million – BSEE The Trump administration is fulfilling its promise to reduce oil and gas regulation, rolling back offshore and onshore rules. The Bureau of Safety and Environmental Enforcement is considering revising the Production Safety Systems Regulations, regulations concerning offshore operations passed late last year. These rules require operators to use third parties to
From Stratfor Venezuela’s neighbors, particularly Mexico, are seeking a negotiated solution to the country’s political standoff. For almost two years, Venezuela’s government has refused to recognize the authority of the opposition-controlled legislature. In an effort to resolve this, Mexican Foreign Minister Luis Videgaray will participate in talks between Venezuela’s ruling United Socialist Party of Venezuela (PSUV) and the legislature on
Cruz wants Trump meeting first to discuss Renewable Fuel Standard From Wallace Farmer At her weekly news conference Nov. 14, Iowa Gov. Kim Reynolds said she would be wearing a “Free Bill” T-shirt when she met with other members of the Republican Governor’s Association in Texas this week. Reynolds, at her press conference in Des Moines, held up the shirt
This week, the Boulder County Commissioners told its residents that 8 North LLC, a subsidiary of Extraction Oil and Gas, LLC had applied with the State of Colorado for permits to drill a 1,280-acre area at the far eastern edge of Boulder County, right up to the line on the map that separates long time oil-friendly Weld County and the
“…defendants continue to engage in massive fossil fuel production. They also continue to promote fossil fuels, and have developed multi-decade future business plans based upon increased fossil fuel usage even as global warming has progressed into a severe danger zone…” – San Francisco City Attorney It was kind of a ‘say what?’ moment that emerged from the San Francisco Bay area
Extraction’s 8 North LLC and Crestone Peak Resources have submitted drilling plans to the state to start developing Boulder County Wattenberg assets; commissioners “are very concerned” In a county that is host to a symposium this weekend called “Warrior Principle, Climate Action,” it is not a total surprise that the Boulder County Commissioners sent out a county-wide email this week
In a step towards fulfilling the Five-Year National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, U.S. Secretary of the Interior Ryan Zinke made known on July 13th the availability of 75.9 million acres in the Gulf of Mexico for lease for the purpose of oil and gas exploration. The acreage lies off the coast of Texas, Louisiana, Mississippi,
According to the latest S&P Global Platts OPEC survey released July 6, 2017, OPEC’s crude oil output increased by approximately 500,000 BOPD within the last two months, pushing the organization’s total output to 32.49 MMBOPD. OPEC’s June output was 220,000 BOPD larger than May’s output, Platts said. Rises in production from Libya and Nigeria assisted in keeping the organization’s output
“This is a truly amazing moment in the energy sector…” – Secs. Perry, Zinke and Pruitt At an event on Thursday, June 29, 2017, in order to help kick off what the Trump Administration has dubbed “Energy Week,” President Trump announced a public comment period for a new 5-year National Offshore Oil and Gas Leasing Program. The Secretary of the
In an attempt to modernize the United States’ energy infrastructure, the Subcommittee on Energy and Power, within the United States House Committee on Energy and Commerce, began considering a group of bills on June 20th, 2017, which are related to energy infrastructure and national energy security. Oil and gas related bills Two of the bills affect international cross-border pipelines and
ExxonMobil Corp. lambasted New York Attorney General Eric Schneiderman after he made what Exxon calls, “inflammatory, reckless, and false allegations,” regarding the manner in which the company evaluates the impact of global warming on its assets and operations. The NY AG’s stance is that ExxonMobil misled investigators in its use of proxy costs to estimate carbon impact. ExxonMobil uses proxy
