An open letter penned by the ‘We Mean Business Coalition’ this week calls upon the Heads of State attending COP28 to commit to phasing out fossil fuels entirely from the global energy system. However, the letter ignores the dangerous implications that a total phase-out of fossil fuels would have on international energy security and local
Read More...Today the International Energy Agency published its 2023 edition of the annual World Energy Outlook report which doubles down on its claim that global demand for coal, oil, and natural gas will all peak by 2030. However as Energy In Depth has written previously, “peak oil” forecasts make good headlines, but often these claims don’t
Read More...Last October, New Jersey’s brand-new Attorney General Matt Platkin filed a climate lawsuit following years of activist pressure in the state. Platkin quickly retained Sher Edling, the law firm representing nearly two dozen plaintiffs in climate lawsuits on a contingency fee basis, while simultaneously accepting outside funds from billionaires and Hollywood stars. Although the contingency fee arrangements in
Read More...When NPR’s Rockefeller-funded Climate Desk article “broke” the news on a new report this week, it took absolutely no time at all to connect the dots to the usual anti-fossil fuel crew behind the effort. A closer look at the report – and reporting – reveals a classic “who’s who” of the funders, activists, and
Read More...As Energy In Depth has discussed extensively, the Biden administration has significantly reduced the number of lease sales and acreage available in the Gulf of Mexico, all under the guise of protecting the Rice’s whale. The administration’s proposal is facing significant criticism, including from bipartisan members of Congress. On Friday, a group of sixteen senators
Read More...As senior lawmakers on Capitol Hill continue to probe Sher Edling’s financing and consulting relationships, new evidence suggests yet another “advisor” has closer ties to the firm than previously revealed. New information reveals that University of Vermont Law professor emeritus Pat Parenteau, a longtime commenter on climate litigation in the media, has worked directly with Sher
Read More...The most recent Federal Reserve Bank of Dallas survey of energy executives operating in Texas, northern Louisiana, and southern New Mexico found that overall activity in the oil and natural gas sector trended up in the third quarter of the year, but cost increases remain a worry. This increase in business activity, seen in the
Read More...The data keep stacking up against tenuous “peak oil” claims. While the International Energy Agency forecasts that global oil demand will peak within the next decade, it also confirms that fossil fuels are necessary for the “secure operation of the overall energy system for many years to come.” Ahead of the anticipated update to its
Read More...The Biden administration has approved a record low number of new offshore oil wells, according to a new data analysis by E&E News, adding to a long list of antagonistic moves against the oil and gas industry. Analyzing data since the George W. Bush era, E&E News found that offshore permitting hit a 19-year low
Read More...Energy research firm Rystad Energy forecasts a need for “rapid growth” in natural gas supply in order to meet continuing global gas demand, even as the U.S. Energy Information Association (EIA) reports that the United States broke records in natural gas exports in the first six months of 2023. New Natural Gas Production Needed to
Read More...The wealthy national climate litigation campaign has its sights set on Pennsylvania, yet recent action shows this isn’t the only oil and gas producing state activists are targeting. New moves prove that the Buckeye State is also a target for the litigation-hungry – all while the industry helps to boost Ohio’s economy, provide good-paying jobs for thousands of
Read More...After delaying for more than a year, the Biden administration’s Department of Interior finally released its five-year program for federal offshore leasing – a plan that includes the lowest number of auctions in the program’s history – even as prices at the pump continue to rise. The plan is a stark difference from the typical
Read More...From Americans sent home without pay for an unknown amount of time to the shutdown of most government services, a federal shutdown could have far-reaching consequences across the country, including to our nation’s energy security. It’s no secret that under the Biden administration, there has been increased uncertainty for producers developing oil and natural gas
Read More...Two high-ranking lawmakers have announced a probe into plaintiffs’ law firm Sher Edling regarding who funds and supports the firm’s “barrage of lawsuits aimed at bankrupting oil and gas companies.” A letter from Senate Commerce Committee Ranking Member Ted Cruz (R-TX) and House Oversight Committee Chair James Comer (R-KY) to the San-Francisco based firm reads:
Read More...Serving as a guide for companies and policymakers who aim to reduce methane emissions throughout the energy supply chain, API’s newly released Methane Action Plan (“MAP”) creates a blueprint that builds on the industry’s existing actions to reduce emissions through programs like the Environmental Partnership. The plan outlines the need for effective methane regulation that
Read More...