Last Wednesday, UK Chancellor of the Exchequer Jeremy Hunt announced that the windfall tax on UK oil and gas firms will remain in place for another five years, until March 2029. The levy, which has already driven away investment and reduced production in the North Sea, was previously set to end in 2028. As EID
Read More...American energy companies asked the U.S. Supreme Court last week to overturn a ruling that allowed Honolulu’s climate lawsuit against the industry to move forward. This is the first time the Supreme Court has had the opportunity to tackle the merits of the cases head-on, marking a milestone in the litigation campaign. Energy companies have
Read More...A key claim from environmental activists and supporters of the Biden administration’s export ban is that increased LNG exports drive up domestic prices. But data continuously shows this is demonstrably false: SHOT: CHASER: #TodayInEnergy – Henry Hub daily #naturalgas spot price fell to record lows in February https://t.co/ldjILFNpDu pic.twitter.com/VSjG2HBybd — EIA (@EIAgov) February 28, 2024
Read More...Whether the Rockefellers are pitching climate litigation or climate change “Superfund” legislation, pragmatic local officials often see the pitch for what it is: an ideological campaign that benefits billionaire donors over every day Americans. As discussed on EID Climate yesterday, Maryland is one of four states considering climate Superfund bills, legislation that would force oil
Read More...There has been much discussion for more than a decade about the chemical additives used in hydraulic fracturing fluid and the disclosures associated with these chemicals. On both fronts, the natural gas and oil industry has consistently delivered in the name of transparency and accountability. Even so, every few years, a familiar group of activists
Read More...The billionaire-funded climate litigation campaign against American energy companies has accomplished little in the near decade since its start, with the cases mired in procedural issues and setbacks along the way. Recognizing this, it appears the leaders of the Rockefeller foundations – the central strategists and financial backers of the lawsuits – have decided to hedge their lawfare bets and pursue
Read More...The state of California recently issued proposed regulations to ban fracking outright, threatening thousands of jobs and billions in economic activity in the Golden State. The proposed rules, issued by the Department of Conservation’s Geologic Energy Management Division this month, fulfill a 2021 order from Gov. Gavin Newsom to issue regulations aimed at ending fracking
Read More...The City of Chicago today announced a climate lawsuit against oil companies, making it the latest city to dedicate taxpayer resources towards a billionaire-backed lawfare campaign that, to date, has only lost on the merits. The lawsuit is supported by familiar faces. The city is being represented by San Francisco-based plaintiffs’ firm Sher Edling, LLP, the law firm serving
Read More...The Biden administration’s LNG permit freeze has sparked national and international debate over LNG export facilities and the LNG industry as a whole. President Biden’s election-year decision has been deemed purely political and detrimental to U.S. energy and economic security, garnering bipartisan, industry and even international opposition. EID has previously debunked the many myths surrounding
Read More...Senator Michael Bennet (D-Colo.) added his name to a growing bipartisan coalition against the Biden administration’s decision to halt approvals of new LNG export terminals. Reuters reports: “Democratic U.S. Senator Michael Bennet opposes President Joe Biden’s decision to pause approvals of new exports of liquefied natural gas, saying on Sunday that it could undercut U.S.
Read More...Explosive new documents have exposed details of the Rockefellers’ coordinated effort to convince the New York Attorney General’s office (NYAG) to launch an investigation into ExxonMobil in 2015. As Fox News reports: “Left-wing nonprofits quietly coordinated a first-of-its-kind investigation into Big Oil led by the New York State Attorney General (NYAG) years ago, sparking dozens of current climate lawsuits, according to
Read More...Billionaire “philanthropists” like the Rockefellers often claim to care about noble causes like the security of the United States’ European allies and reducing greenhouse gas emissions. But it turns out that a campaign targeting liquified natural gas (LNG) exports–which will cause harm to both of those causes–takes priority. A recent Wall Street Journal article details how the Rockefellers, Michael Bloomberg, and other
Read More...The Biden administration’s recent decision to temporarily pause approvals for new U.S. LNG export projects to non-FTA countries is not only endangering domestic energy security and economic prosperity, but is set to have far-reaching negative impacts for the rest of the world when it comes to security of supply and reliance on hostile foreign powers. As
Read More...On Thursday – two days after a hearing from the House Subcommittee on Energy, Climate, and Grid Security – the Senate Committee on Energy and Natural Resources held a hearing to examine the ramifications of the Biden administration’s LNG export freeze. European and American industry experts, as well as bipartisan Congressional members, raised the alarm
Read More...Only a month into 2024, all signs point to this year being particularly consequential for the future of U.S oil and natural gas. On one hand, the International Energy Agency’s latest industry report projected increased global natural gas demand in 2024. At the same time, President Biden’s decision to pause LNG exports approvals has created
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