fossil fuels Archives - Page 5 of 6

Digital economy supply chains – excellent CBC (!) podcast lays bare the cold, hard, massive realities

November 24, 2020

BOE Report Time to come clean about something. Like almost any other person affiliated with the hydrocarbon industry, I’ve long been frustrated with the Ottawa-centric, social-science-heavy analyses of industry provided by the CBC. The institution’s output seems geared to the sort of mentality one would not be thrilled to work with – whiny, hand-wringing, dependent, un-calloused, offended urbanites that couldn’t

Final U.S. offshore oil auction under Trump will test industry demand

November 18, 2020

Reuters The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has pledged to ban new drilling on federal lands and waters. The Bureau of Ocean Energy Management, an arm of the

Leveraging the moral case for fossil fuels with Alex Epstein

November 17, 2020

BOE Report Alex Epstein, who most know from his book “The Moral Case for Fossil Fuels” has been busy. Since founding the energy think tank Center for Industrial Progress in 2011 he received the “Most Original Thinker of 2014” award from the McLaughlin Group. He has been publicly debating environmentalist organizations such as Greenpeace, the Sierra Club, and 350.org’s Bill McKibben- an

Norway’s top court starts hearing on Arctic oil exploration

November 4, 2020

Reuters OSLO – Norway’s top court began to hear arguments on Wednesday on the legality of awarding offshore oil licenses in the Arctic, in a landmark case that could stop the industry’s expansion. The lawsuit, led by environmental groups Greenpeace Norway and Nature and Youth, is part of an emerging branch of law worldwide where plaintiffs seek to use a

Trump will roll back more environmental regulations if reelected, says EPA chief

September 3, 2020

CNBC President Donald Trump will move to weaken more environmental regulations on industries if reelected in November, while work to complete Superfund cleanup projects, according to Environmental Protection Agency administrator Andrew Wheeler. The Trump administration in a second term would establish a cost-benefit analysis of any new regulation and expand the use of “science transparency” in order to justify the science behind implementing new

2 giants with 2 strategies that aren’t working

February 3, 2020

Houston Chronicle Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging approaches as they try to weather the storm. The problem is, neither strategy is working right now. Exxon is using the downturn in oil, gas and chemical prices as an opportunity to unleash

European Investment Bank to cease funding fossil fuel projects by end-2021

November 14, 2019

Reuters The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, in a landmark decision. The bank’s new energy lending policy, which was approved with “overwhelming” support, will bar most fossil fuel projects, including traditional use of natural gas, bank vice president, Andrew McDowell told reporters in a call. “This is

Gas is Part of the Solution in the Planet’s Energy Transition, Goldman Sachs Strategist Says

July 26, 2019

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.

Big Oil is Investing Billions in Potentially Worthless Projects

May 30, 2019

From Bloomberg Businessweek By Mathew Carr The top 10 energy companies are planning investments approaching $1 trillion by 2030, in everything from finding and tapping new fields to equipment ranging from drones to drilling rigs. If the oil and gas business rolls along as it has for the past century, those projects will likely pay off in fat profits for

Senate Confirms McNamee for FERC Commissioner

December 7, 2018

From The Hill The Senate confirmed President Trump’s pick for a key energy agency Thursday over Democrats’ objections that he is too biased for the job. The 50 to 49 vote along party lines means Bernard McNamee, a Republican and former high-ranking political official at the Energy Department under Trump, can take his spot in the five-person Federal Energy Regulatory Commission

Result of BNP Bank of the West ‘No Fossil Fuels’ Stance: Retaliation

August 15, 2018

From the AP/Washington Post Bank of the West’s decision to divest from certain fossil fuel investments has run headlong into threats of retaliation in states that get much of their revenue from coal, oil and natural gas extraction. The San Francisco-based bank recently made it known that it would be “investing where we feel we can make the most impact”

Germany’s Reluctant Coalition Govt. Agrees to Coal Phase Out

March 13, 2018

While Germany continues to phase out both nuclear and coal, natural gas will remain a baseload and backup fuel From Power Magazine Germany’s Social Democratic Party (SPD) members agreed to join their longtime rival and governing partner, the Christian Democratic Union (CDU), and reluctantly entered into a third grand coalition government on March 4. While this ended months of anxious

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