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
Read More...Senior Climate Adviser to the White House, John Podesta, praised the oil and gas industry and defended its continued development in recent comments to the Guardian: “The US is now the number one producer of oil and gas in the world, the number one exporter of natural gas, and that’s a good thing, because following
Read More...Since 2013, the country’s largest wholesale electricity market has doubled its natural gas combined-cycle plant capacity, sharply lowering the country’s emissions and energy costs, according to new data from the Energy Information Administration (EIA). “Use of the coal fleet in PJM, the country’s largest wholesale electricity market, has fallen over the last decade, driven largely
Read More...Last year, American companies flared and vented the lowest volume of natural gas in almost two decades. The U.S. Energy Information Administration preliminary estimate for 2023 reports volumes of vented or flared gas declined to .5 percent of gross withdrawals, demonstrating how industry best practices have worked to keep natural gas in the pipes and
Read More...New Yorkers may be in for a new energy tax if Governor Kathy Hochul enacts climate Superfund legislation that attempts to stick energy companies with billions in new fees for alleged climate adaptation costs. The Superfund bill in New York comes as Vermont recently enacted a similar law, while states like Maryland and California discarded
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