The Oil and Gas Climate Initiative (OGCI), which counts the world’s largest oil and gas companies among its membership, plans to extend its pioneering methane monitoring campaign to seven or eight new countries, according to reporting in the Financial Times Monday morning. This announcement is particularly noteworthy as according to the International Energy Agency’s (IEA)
Read More...The latest data from the U.S. Energy Information Administration shows that the United States has produced “more crude oil than any country, ever,” for the past six years. U.S. crude production reached record levels in 2023, averaging 12.9 million barrels per day. According to the EIA, crude oil production in the Permian Basin was the
Read More...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...The Biden administration’s decision to pause new liquefied natural gas export permits was based off a study that was deliberately published prior to peer review, and is part of a broader effort to “get rid of fossil fuels as quickly as possible,” according to the author of the study. In the latest round of environmental
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...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 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...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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