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...Oil and natural gas producers continue to make emissions reduction advancements, including reducing flare intensity despite record production, according to the Environmental Partnership’s latest annual report. The Environmental Partnership (TEP) is a voluntary coalition representing nearly 70 percent of U.S. onshore oil and natural gas production in 47 out of 50 states, with the mission
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...As the now-presumptive Democratic nominee for president, Vice President Kamala Harris is already attempting to walk back her past anti-energy rhetoric to win over voters in energy-producing states like Pennsylvania. Most recently, Harris’ campaign reversed her antagonistic stance towards fracking – which she made on the record repeatedly as a candidate herself – stating that she does not support a nationwide ban on
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...With President Biden upending the Presidential race by formally withdrawing and endorsing Vice President Kamala Harris, the future of energy policy could also see some significant changes under a future Harris administration. In many ways, Harris will be associated with many of the current president’s key initiatives, representing the White House as part of the
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...American energy continues to dominate as U.S. oil and natural gas are credited with playing a key role in meeting domestic and global energy demands in 2023. The Energy Institute’s (EI) 2024 Statistical Review of World Energy provides numerical insights into global energy production, consumption, trade, and emissions from 2023, and highlights the United States’
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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