Reuters WASHINGTON – U.S. greenhouse gas emissions rose by 6.2% from 2020 levels last year as the use of coal-fired electricity jumped 17% and drivers returned to the roads after the first year of the coronavirus pandemic, according to a report released on Monday. The projected emissions increase shows the U.S. is now further off the target set by the
Nasdaq Jan 6 – Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell RDSa.L, on Thursday said it raised $775 million in equity capital from new and existing investors. The announcement comes as renewable energy, and in particular solar, is experiencing a dramatic expansion in the United States. Financial institutions are seeking to capitalize on that
Nasdaq HOUSTON, Dec 8 – The COP 26 climate change conference largely excluded the oil and gas industry, OPEC Secretary General Mohammad Barkindo told a gathering of oil officials on Wednesday, arguing producers need to be included in planning for a transition to cleaner fuels. Speaking at the World Petroleum Congress, Barkindo took up the themes of several earlier speakers
World Oil WASHINGTON (Bloomberg) –The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production. The Interior Department report recommends higher fees and more limits on federal oil and gas leasing to better account for climate
Nasdaq Nov 17 – The Biden administration on Wednesday will auction oil drilling rights to 80 million acres in the U.S. Gulf of Mexico days after joining a global agreement that for the first time targeted fossil fuels as the main driver of global warming. The sale by the Department of Interior will be the first under President Joe
CNBC The CEOs of some of the world’s leading energy companies have defended their position in the energy mix after the COP26 climate summit focused attention on the future of the industry. Energy industry leaders and insiders were plentiful at COP26 in Glasgow as government officials, corporates and activists clashed over emission-reduction targets, pledges and deals to keep global temperature rises to
World Oil WASHINGTON (Bloomberg) – As the U.S. and European Union sought to recruit nations in a first-ever pact to slash the world’s methane emissions, America’s climate envoy John Kerry kept his sales pitch simple. Signing the pledge, being released at the COP26 climate summit Tuesday, would amount to shared recognition of the problem posed by the potent greenhouse gas
World Oil WASHINGTON (Bloomberg) –The Biden administration is poised to unveil a crackdown on methane leaks from oil and gas wells that will be its most consequential action yet to reduce greenhouse gases — but is still likely to disappoint climate activists. The Environmental Protection Agency is expected within days to propose requirements for plugging leaks at hundreds of thousands
Reuters WASHINGTON (Reuters) -The U.S. Congress on Thursday opened a year’s worth of investigations into whether Big Oil deceived Americans about its role in climate change, with Democratic lawmakers grilling the chiefs of four oil companies and two lobby groups. Environmental groups and their congressional allies hope the hearing evokes the Big Tobacco hearings of the 1990s, which began
Reuters WASHINGTON – A Congressional hearing this week into whether oil companies misled the public about climate change marks the start of a broad probe that may extend to other industries from advertising to social media, according to a lawmaker leading the effort. The sweeping nature of the Democrat-led investigation reflects rising urgency within the party to address global warming
World Oil WASHINGTON (Bloomberg) – Negotiations over the climate provisions in the Democrats’ spending bill have accelerated and are focused on a package of measures that could replicate the emissions reductions of a clean energy plan dropped from the draft legislation. The new proposals would expand grants and loans in the agriculture and industrial sectors to help them shift to
CNBC LONDON — As world leaders prepare for one of the most important climate summits ever held, U.N.-backed research shows governments are collectively planning to extract far more fossil fuels than would be consistent with global climate targets. The United Nations Environment Programme’s annual production gap report, published on Wednesday, found governments were on track to produce more than twice the levels
