That includes the 163MW Elm Branch and 153MW Briar Creek solar projects that are expected to offset greenhouse gas emissions by a total of 370,000 metric tons annually.
Read More »Nord Stream 2 Remains Sour Point in US-Europe Ties
Antony Blinken, Joe Biden’s Secretary of State nominee, said on Tuesday that the new government will use every persuasive tool to stop the construction of the Nord Stream 2 gas pipeline. The statement triggered debate over why Biden’s administration, which voiced multiple times it would repair tattered transatlantic ties, persists …
Read More »Biden Revokes Permit for Controversial Keystone XL Pipeline
U.S. President Joe Biden on Wednesday signed an executive order to revoke the existing presidential permit for the controversial Keystone XL pipeline project, which would carry oil from Canada to the American Gulf Coast. Oil industry groups and Republicans in the United States opposed the move, arguing it would result …
Read More »The U.S. Remains Important in the Oil Market, even if Biden is Less Vocal than Trump
The U.S. will always play an important role in global energy markets, even though President-elect Joe Biden is likely to be less vocal than President Donald Trump about oil, the UAE’s energy minister told CNBC ahead of Inauguration Day. “The United States of America is a major player now … …
Read More »Biden Set to Rejoin Paris Climate Accord, Impose Curbs on U.S. Oil Industry
Incoming U.S. president Joe Biden will announce America’s return to the international Paris Agreement to fight climate change on Wednesday, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements will also include a sweeping order to review all of …
Read More »OPEC Chief Pledges to Deepen Ties with New U.S. Administration even as Biden Calls for Climate Action
Oil-producing group OPEC will continue to strengthen its relationship with the U.S. energy industry under Joe Biden’s new administration, the oil cartel’s Secretary General Mohammed Barkindo told CNBC on Tuesday. It comes despite the Democratic leader’s stated commitment to fight climate change and focus on renewable energy. Barkindo congratulated Biden …
Read More »Oil Prices Mixed Ahead of Power Transition in US
Oil prices were mixed on Tuesday as China’s record-high refinery output in 2020 boosted positive market sentiment, but investors are still cautious ahead of the inauguration of US President-elect Joe Biden on Wednesday. International benchmark Brent crude was trading at $55.01 per barrel at 0645 GMT for a 0.47% rise …
Read More »US Plans to Sanction Russian Vessel Involved in Nord Stream 2
The United States has informed European allies about plans to sanction Russian vessel Fortuna, which is involved in the construction of the Nord Stream 2 gas pipeline from Russia to Germany, German business daily Handelsblatt reported on Monday. The U.S. administration told government officials in Berlin and other European capitals …
Read More »Nord Stream 2 Pipeline Construction to Resume in Danish Waters despite US Sanctions Threat
Despite threats of new sanctions from the United States, Nord Stream 2 AG will resume construction of the Nord Stream 2 underwater gas pipeline, which would double the capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany. Ture Falbe-Hansen, who heads the Danish Energy Agency’s press …
Read More »Solar and Wind to Make Up almost 70% of New US Utility-Scale Capacity in 2021
An estimated 15.4GW of utility-scale solar capacity is forecast to be added to the grid in the new year, surpassing the 12GW increase in 2020.
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