World Oil (WO) — Fossil fuel and green energy groups alike have joined forces, in an effort to reform what they call a “broken permitting system,” according to Fox News. A coalition that includes the American Petroleum Institute, Independent Petroleum Association of America and the American Clean Power Association sent a letter on Monday morning, urging Congress to pass “meaningful
Nasdaq Jan 12 – The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government’s largest ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden’s ambitious climate change
Reuters SACRAMENTO, Calif./BRASILIA/SHANGHAI – Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels. The emerging problems with hydropower production in places like the United States, China and Brazil represent what scientists and energy experts say is
Dominion Energy advances hydrogen as next frontier of clean energy – New clean …
Reuters U.S. alternative fuels supplier Clean Energy Fuels Corp and its largest shareholder, European oil and gas producer Total SE, announced terms of a new joint venture on Thursday focused on renewable natural gas (RNG) production. Clean Energy’s shares rose 7.5% to $13.15 in pre-market trading. The joint venture, owned equally by both firms, will have an initial firm commitment
Reuters LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses. Shares in solar and wind energy businesses, electric vehicle companies and environmental technology pioneers have been on the rise for
Reuters WASHINGTON/NEW YORK – Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a “clean energy revolution that creates millions of unionized middle-class jobs” if he’s elected. That vision, however, would require policy makers and clean-energy companies to overcome some major challenges in replacing the number and
CNBC In the latest example of how the Covid-19 pandemic is impacting the energy sector, French utility EDF said Thursday that it was sharply revising down its projected nuclear output for this year. In a statement, the company said it expected its nuclear output for 2020 to be “in the region of” 300 terawatt hours (TWh) — a steep downwards revision to
Reuters NEW YORK/LONDON – Exxon and Chevron boasted to investors this week about booming U.S. oil production, illustrating how the gap has widened – at least in words – between top American oil and gas companies and their European rivals over efforts to transition to clean energy and fight climate change. World crude oil and natural gas production is running
Houston Chronicle Oil and gas companies put their own survival at risk if they fail to adapt to providing clean-energy solutions to the world, the International Energy Agency said in a report Monday. The Paris-based IEA said the largest oil and gas companies spend less than 1 percent of their total capital dollars on renewable energy and clean-energy projects. That trend
Houston Chronicle WASHINGTON – The investment bank Goldman Sachs is committing to make available $750 billion over the next decade to invest in and finance cleaning up the energy industry, along with making farming more sustainable and reducing poverty, the company said Monday. In an op-ed in the Financial Times, Goldman CEO David Solomon wrote, “companies have traditionally treated sustainability
From CNBC Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs. Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas was “part of the end solution.” According to the International Energy Agency, natural gas supplies 22% of energy used globally.
