climate change – Page 2

US award record $6 bln to back industrial emissions reduction projects- oil and gas 360

US awards record $6 bln to back industrial emissions reduction projects

March 25, 2024

Nasdaq WASHINGTON – The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness. Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp CLF.N facility in Middletown, Ohio, which will

CERAWEEK-Oil mergers, clean fuels vie for attention at Houston energy conference

March 18, 2024

Nasdaq HOUSTON – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels. Global oil prices LCOc1 have remained in a range between $75 and $85 per barrel, a level fueling profits but not hurting economic

Bahrain oil projects gets U.S. funding despite climate agenda

March 15, 2024

Oil Price The U.S. Export-Import Bank approved a loan guarantee of $500 million for a Bahrain oil project despite opposition from Democrats noting the move would compromise the Biden administration’s hard line on climate change. Last month, the Export-Import Bank voted to notify Congress that it plans to underwrite a loan of more than $100 million to the borrower, Bahrain’s

Shell considers slowing its carbon emissions cuts

March 12, 2024

Yahoo Finance UK-based supermajor Shell has been updating its strategy on climate targets and could announce a slower pace of its emissions reductions later this week, anonymous sources with knowledge of the discussions have told Bloomberg. Shell is set to announce an update to its energy transition strategy on Thursday, March 14. The oil and gas major has been considering slowing

Biden’s scaled-back power rule raises doubts over US climate target

March 5, 2024

Nasdaq The Biden administration’s decision to exclude the existing U.S. fleet of natural gas power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers. Cleaning up the U.S. power industry, source of about a quarter of the nation’s greenhouse gas emissions, has been a central plank of President Joe

Shell, bp, others join NSTA’s decommissioning dashboard to support operational cost efficiency

March 4, 2024

World Oil (WO) – Cost-efficient decommissioning has received a significant boost with the relaunch of a bigger, better digital data dashboard providing vital information about upcoming work to potential suppliers. The Decommissioning Data Visibility Dashboard now includes field-specific information from 15 operators, compared with three when it was piloted by the North Sea Transition Authority (NSTA) and the Decommissioning and

Big oil asks U.S. Supreme Court to throw out Honolulu climate lawsuit

February 29, 2024

Oil Price Oil and gas supermajors, including Exxon and Chevron, petitioned on Wednesday the U.S. Supreme Court to toss a Hawaii Supreme Court decision allowing a climate lawsuit of Honolulu to proceed to trial. Honolulu sued several major fossil fuel companies in 2020 in the lawsuit ‘City & County of Honolulu v. Sunoco LP’, seeking damages and other relief from fossil fuel

Australia set to join global clean energy subsidy race with new green fund, AFR reports

February 16, 2024

Nasdaq SYDNEY – Australia plans to unveil a range of financial incentives to drive investment in the local clean energy sector and keep money and talent from being pulled overseas by subsidies in the U.S. and Europe, the Australian Financial Review reported on Friday. Like countries across the developed world, Australia is responding to the massive raft of clean energy

JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning move

February 15, 2024

Fox Business JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global warming through corporate sustainability agreements. In a statement, the New York-based JPMorgan Chase explained that it would exit the so-called Climate

Biden pauses approval of LNG projects after pressure from climate activists

January 26, 2024

Nasdaq WASHINGTON – President Joe Biden paused approvals for pending and future applications to export liquefied natural gas from new projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. The Department of Energy (DOE) will conduct a review during the pause that will look at the economic

Exxon files lawsuit against investors’ climate proposal

January 22, 2024

BOE Report Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court. It says the investors are “driven by

Cowboy Clean Fuels announces significant funding award to support commercialization of technology and build out of initial project in Wyoming

January 18, 2024

Oil and Gas 360 The Wyoming Energy Authority has awarded CCF approximately $7.8 mm through the Energy Matching Funds program Machan Investments, CCF’s lead investor, has committed an additional $7.8 mm in equity capital to match and enable the funding award GILLETTE, Wyoming – January 17, 2024 – Cowboy Clean Fuels, LLC (“CCF,” “we,” “us,” “our,” or “the Company”), a

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