The International Gas Union’s Global Gas Report 2024 shines a spotlight on a critical issue: a significant lack of investment in natural gas production and infrastructure, all while global demand for gas is expected to rise steadily over the next decade. According to IGU’s report, global gas demand in 2023 increased by 59 billion cubic
Read More...The decision by CBS News to partner with the activist “news” website Inside Climate News (ICN) for a story on plastic recycling should raise journalistic alarm bells, especially when readers are left without any information or any acknowledgement about ICN’s funders and its mission to finance litigation and activism campaigns against American energy and industrial companies. Particularly troubling is the failure
Read More...Last month, the UK’s Labour government delivered its pre-election pledge to lift the windfall tax (formally known as the Energy Profits Levy) on oil and gas companies operating in the North Sea by three percent – with the total tax now reaching 78 percent. As Energy in Depth discussed, the announcement sparked outcry from stakeholders
Read More...Bucks County violated Pennsylvania’s public records law by filing a climate lawsuit without properly notifying the public, without any public comment period, and without a traceable public record, energy companies argued earlier this month in a Motion to Dismiss the case. Although elected officials often discuss litigation matters in closed special sessions, the companies’ August
Read More...Adding to the continued blows against the activist narrative that U.S. liquefied natural gas (LNG) is bad for the environment, a new study analyzing the lifecycle of greenhouse gas emissions (GHG) found that U.S. LNG exports are environmentally beneficial in comparison to alternative fuels. The study, commissioned by Natural Allies for a Clean Energy Future
Read More...The Biden administration this week appealed a Louisiana federal court decision that halted its pause on LNG exports – a pause that has garnered bipartisan backlash, especially with key swing state Democrats in places like Pennsylvania. Now, as Vice President Kamala Harris debuted her Presidential ticket in Pennsylvania – the second largest natural gas producing
Read More...The U.K.’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent. The tax will also be extended to 31 March
Read More...Recently uncovered outside counsel agreements between New Jersey, Chicago, and plaintiffs’ law firms provide fresh details about the millions of dollars private firms stand to make if they prevail in their mission to “take down” American oil and gas companies. Remember, cities and states have gone to great lengths to hide these contracts from their
Read More...Continued investment in oil and natural gas is critical while carbon capture and removal technologies will play a key role in meeting decarbonization targets, according to oil and natural gas supermajor bp in its 2024 Energy Outlook. BP’s energy outlook assesses two scenarios: current trajectory and net zero. The current trajectory scenario is meant
Read More...On July 5, the U.K.’s Labour Party secured a landslide victory in the General Election, winning 412 seats out of 650, and marking a significant shift in the U.K.’s political landscape. Following the election, the U.K. oil and gas industry continues to voice concerns over Labour’s pledges to extend the windfall tax and end new
Read More...Environmental activists are leading the charge in calling for President Biden’s ouster following his widely-panned debate performance. The group Climate Defiance is planning a “protest and blockade” outside the Democrat National Committee on Friday to protest Biden’s nomination and rumors of a potential virtual rollcall to hasten Biden’s nomination, E&E News reports. Climate Defiance, a
Read More...In a massive loss for the nationally-coordinated climate litigation campaign, a Maryland state judge dismissed the City of Baltimore’s lawsuit against energy companies last week. The ruling firmly rejects the cornerstone legal theory behind the litigation, explaining that state law cannot be used to advance national energy policy and address a global phenomenon such as
Read More...This June the Colorado Oil & Gas Association released its updated 2023 Community Impact Report, showcasing the industry’s ongoing commitment to supporting Colorado communities and the sector’s continued advances in environmental innovation. This year’s report again shows Colorado energy producers and their employees remain committed to driving down emissions and giving back to strengthen communities
Read More...The second quarter of 2024 saw slight shifts in oil and natural gas activity, but major changes are looming on the horizon, according to new data from the Dallas Federal Reserve Energy Survey. According to the latest quarterly survey of oil and natural gas operators in the Permian basin, oil and natural gas production was
Read More...Department of Energy Deputy Secretary David Turk defended his administration’s LNG pause while repeatedly dancing his way around questions on when it would end at Wednesday’s House Science, Space, and Technology hearing on the DOE Fiscal Year 2025 budget proposal. In response to questions on the timeline, Dep. Sec. Turk repeatedly answered: “What we are
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