Trump reportedly offering to reverse Biden's climate rules for $1 billion from oil-and-gas industry, highlighting his consistent loyalty to fossil fuels. [ more ]
The Oil and Gas Industry Wants Energy Transition' to Mean More Fossil Fuels
Energy transition is now acknowledged as an ongoing process in the energy industry, featuring prominently at CERAWeek.
There are diverse perspectives on what energy transition entails, with some emphasizing a shift from fossil fuels to renewables, while others see a future with continued growth in oil and gas production. [ more ]
New York Must Pass the Climate Change Superfund Act
The Climate Change Superfund Act aims to hold corporations accountable for environmental damage and force them to pay for the cleanup.
Legislation proposing a dedicated fund for large oil and gas producers to pay for their emissions has faced challenges but remains close to fruition. [ more ]
Oil and gas companies emit more climate-warming methane than EPA reports
Oil and gas industry emits three times more methane than estimated by the government. Methane is a potent greenhouse gas, 80 times more impactful than carbon dioxide. [ more ]
EPA Aims to Combat Climate Change with New Methane Reduction Rules | KQED
The EPA estimates that the new methane emissions rule will capture or prevent enough methane to heat nearly 8 million American homes for a winter.
The rule is expected to have net financial benefits of at least $7.3 billion per year from 2024 to 2038, including cost savings, climate benefits, and health benefits. [ more ]
U.S. oil and gas production is booming. And Republican politicians are reaping the rewards
August Pfluger, a top recipient of oil and gas campaign contributions, champions industry interests in Congress despite little national spotlight. [ more ]
House GOP Would Have Taxpayers Pay for Cleanup When Fracking Boom Goes Bust
A House committee is considering legislation introduced by Rep. Boebert that could leave taxpayers with a $17.7 billion bill for cleaning up abandoned oil and gas wells on public lands.
Industry lobbyists are trying to defeat a Biden administration proposal to strengthen requirements for well cleanup on federal lands. [ more ]
A Trojan horse of legitimacy': Shell launches a climate tech' startup advertising jobs in oil and gas
A startup owned by Shell called Onward aims to connect innovators worldwide to address energy challenges. Despite green imagery, Onward's platform currently focuses heavily on oil and gas projects. [ more ]
Fossil Fuel Companies Back Toothless "Decarbonization Charter" at COP28 in Dubai
Civil society groups and frontline voices criticize the 'Oil and Gas Decarbonization Charter' unveiled at COP28 as a greenwashing ploy and a distraction from the need for legal agreements.
Critics highlight that the voluntary pledge does not address a significant portion of emissions produced by the industry, namely downstream consumption of oil, coal, and gas. [ more ]
Humza Yousaf likens Labour to Margaret Thatcher over oil and gas plans
The SNP will not back Labour's proposals for extending the fossil fuel windfall tax due to concerns about job losses in the oil and gas industry.
Offshore Energy UK (OEUK) is holding emergency summits in Aberdeen and London to discuss the deeply concerning proposals for extending the energy profits levy. [ more ]