#oil-and-gas-industry
#oil-and-gas-industry

World's top fossil-fuel bosses deride efforts to move away from oil and gas

Fossil fuel executives skeptical of rapid clean energy transition

Industry leaders emphasize slower pace for transition to clean energy [ more ]

www.independent.co.uk

Climate protests against new North Sea oil and gas extraction

Activists coordinated climate protests across six countries against new North Sea oil and gas extraction.

Protesters targeted offices and facilities of oil and gas companies, demanding immediate stop to imports and exploitation. [ more ]

www.theguardian.com

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 ]

Entrepreneur

Google Is Mapping Methane Emissions, Data Will Be Free | Entrepreneur

A satellite called MethaneSAT will start circling the Earth 15 times a day next month to measure methane leaks from oil and gas companies.

Google plans to have the data from MethaneSAT mapped by the end of the year for the whole world to see. [ more ]

Truthout

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 ]

moreEnvironment

Truthout

Voters Want Oil and Gas Industry to Pay for Clean Energy Transition

Consumers blamed for climate inaction

Public opinion holds oil and gas industry accountable [ more ]

www.dw.com

Fossil fuel majors miss the mark on climate targets DW 03/20/2024

Oil and gas companies are falling short of meeting the Paris Agreement goals.

Carbon Tracker report evaluates major oil and gas companies' alignment with the Paris Agreement goals. [ more ]

BKReader

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 ]

www.npr.org

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 ]

www.npr.org

3 months ago

EPA proposes a fee aimed at reducing climate-warming methane emissions

The Biden administration has proposed a new rule that would require oil and natural gas companies to pay a fee for excessive methane emissions.

The fee is intended to incentivize the adoption of best practices that reduce methane emissions and combat climate change. [ more ]

www.nytimes.com

Oil Fields Release Far More Methane Than Thought, Study Finds

Oil and gas producers may be emitting more methane than estimated

Methane is a potent greenhouse gas with significant impact on global warming. [ more ]

www.fastcompany.com

This methane-detecting satellite will track down polluters from space

Methane is potent in the short term, lasting only around 12 years, making its reduction crucial.

The new satellite MethaneSAT will play a key role in identifying methane leaks globally, aiding in emission reduction efforts. [ more ]

Truthout

Oil and Gas Industry Could See Methane Pollution Fees Exceeding $1 Billion

The IRA has financial incentives and penalties for reducing methane emissions

The EPA is taking measures to monitor and penalize methane emissions from the oil and gas industry. [ more ]

www.theguardian.com

UK politics

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 ]

www.cbc.ca

Canada news

Outlook good for Canadian oil and gas sector, says industry report, but risks remain | CBC News

The Canadian upstream oil and gas industry and drilling services sector have a positive outlook for 2024.

Oil prices are expected to remain strong, demand will be robust, and investment and drilling activity will increase. [ more ]

WSJ

Canada news

Canada Imposes Emissions Cap on Oil and Gas Industry

Canada will use a cap-and-trade system to impose greenhouse gas emission limits on its oil and gas industry.

The government will issue emissions allowances to oil and gas producers, beginning in 2030. [ more ]

KQED

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 ]

Truthout

Left-wing politics

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 ]

www.dw.com

COP28: Germany praises efforts to curb methane emissions DW 12/03/2023

Germany supports initiatives to reduce methane emissions and sees them as a way to quickly make an impact in the fight against climate change.

Germany is focusing on reducing methane emissions in the energy sector, particularly in the production of gas and oil. [ more ]

time.com

U.S. Targets Oil and Natural Gas Industry's Role in Global Warming With New Final Rule

The Biden administration issued a final rule aimed at reducing methane emissions in the U.S. oil and natural gas industry.

The rule will promote the use of cutting-edge methane detection technologies and deliver significant public health benefits. [ more ]

Chicago Tribune

US targets oil and natural gas industry's role in global warming with new rule on methane emissions

The Biden administration issued a final rule aimed at reducing methane emissions from the U.S. oil and natural gas industry.

The rule will promote the use of cutting-edge methane detection technologies and deliver public health benefits. [ more ]

www.theguardian.com

Oil and gas firms must convert to renewables or face decline, says IEA chief

Oil and gas producers must transition to renewable energy or face economic decline.

The International Energy Agency's executive director emphasizes the role of oil and gas companies in tackling climate change. [ more ]

www.npr.org

5 months ago

Global talks to cut plastic waste stall as industry and environmental groups clash

Negotiations over a global plastics treaty ended with little progress due to oil and gas producers blocking a final decision.

Plastic production is expected to increase, and most of it is made from chemicals derived from fossil fuels.

There is disagreement over whether the treaty should have binding global rules or be based on voluntary targets. [ more ]

WSJ

5 months ago

Opinion | To Slow Climate Change, Curb Methane First

Reducing methane pollution is the most effective way to slow the rate of global warming in the short term.

The meeting in Dubai could have a positive outcome if the oil and gas industry commits to cutting methane pollution. [ more ]

www.npr.org

5 months ago