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EIA estimates that wind accounted for 9% of US electricity generation in 2020.
Read More »US Wind Output Hits New Heights in December
Biden’s Drilling Ban Actually Undermines Emission Targets
The U.S. oil industry has a message to President Joe Biden’s recent climate executive orders involving the oil and gas sector—restricting America’s oil production would increase its reliance on foreign imports of oil with more emissions than the crude pumped from America’s oilfields. Over the past two weeks, President Biden …
Read More »U.S. Set to Tighten Methane Rules as International Pressure Grows
The oil industry is now supporting U.S. federal methane regulations, after having opposed them in the past. Methane is a powerful greenhouse gas, and emissions have climbed over the past two decades as oil and gas production continued to rise. Now, global efforts to rein in methane pollution are receiving …
Read More »Chevron Posts Loss as COVID-related Restrictions Continue to Hammer Demand
U.S. oil major Chevron Corp. on Jan. 29 swung to an $11 million fourth-quarter loss and missed Wall Street expectations as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results. Oil companies are expected to benefit from a bounce-back in oil and gas prices after …
Read More »Lightsource bp Completes $380m Financing for Two Texas Solar Projects
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 …
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