Sunday, May 25, 2025
New budget proposal cuts clean energy funding, expands fossil fuel research- oil and gas 360

New budget proposal cuts clean energy funding, expands fossil fuel research

(Oil Price) – President Trump’s newly released 2026 budget proposal aims to slash over $15 billion in federal support for carbon capture and renewable energy programs, signaling a sharp pivot toward fossil fuels and nuclear energy—and away from climate-focused policy. The White House plan, which proposes $163 billion in total cuts to non-defense spending, also scraps $6 billion in funding for

US power firms lift coal pollution to protect profits so far in 2025: Maguire- oil and gas 360

US power firms lift coal pollution to protect profits so far in 2025: Maguire

(BOE Report) – U.S. power producers emitted over 304 million metric tons of carbon dioxide (CO2) from power generation over the first two months of 2025, which was the highest for that period since 2019, according to data from energy think tank Ember. The emissions tally marked a 9% rise from the same period last year and was the first

COAL’S FUTURE IS BRIGHT-Westmoreland Mining CEO- oil and gas 360

COAL’S FUTURE IS BRIGHT-Westmoreland Mining CEO

(Oil & Gas 360) – According to Martin Purvis, CEO of Westmoreland Mining, rumors of coal’s death are vastly premature. Purvis delivered his worldview on the mineral’s future at the Colorado Mining Association’s 127th National Western Mining Conference in Denver; the conference concludes on February 26. A central premise of Purvis’ remarks was that global competition in the 21st century

Europe's strong gas use pace may wilt as coal-switching kicks in: Maguire- oil and gas 360

Europe’s strong gas use pace may wilt as coal-switching kicks in: Maguire

(Investing) – LITTLETON, Colorado – Many of northern Europe’s largest economies have sharply boosted gas-fired power generation so far in 2025, helping to lift regional gas prices to their highest since early 2023. Gas-fired output during January in Germany, the United Kingdom (TADAWUL:4280), the Netherlands and Poland all jumped by well over 10% from January 2024’s levels to their highest for that month