The Senate Budget Committee took the House Democrats’ political-theatre-esque investigation into energy companies and turned it into a complete political dud. At a hearing Wednesday intended to build off of the House Oversight Committee’s (HCOR) failed investigation into energy companies back in 2022, Democratic politicians and activist witnesses failed to produce anything of substance to
Read More...UPDATE (4/30/24): Today, Joint staff from the Senate Budget Committee and the House Oversight Committee released their long-awaited report concluding a “nearly three year-long” investigation into oil companies. Spoiler alert: as E&E News put it the first time around, the investigation continues to show that “oil and gas companies, for the most part, want to
Read More...Despite local resistance from Pennsylvania workers, on April 10, a Rockefeller-funded activist organization that recruits municipalities, cities, and states across the country to join the litigation campaign pitched their anti-energy playbook to the Allegheny County Council Committee on Sustainability and Green Initiatives. The Center for Climate Integrity’s (CCI) presentation came days after a wide variety
Read More...This week, the Biden administration trotted out familiar disproven claims to justify their LNG export permitting pause. Testimony from Brad Crabtree, Assistant Secretary for the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management, at a House Oversight Committee hearing on the LNG export pause, failed to address or resolve widespread concern
Read More...Despite efforts from Europe to wean itself off Russian gas supply, the region’s energy regulator warned on Friday that the bloc is still dependent on Russian LNG to mitigate the risk of an energy shock – news made even more relevant given the United States’ still indefinite ban on LNG exports. The latest analysis by
Read More...There are growing signs of an oil and gas corporate exodus from European capital markets as firms have faced growing financial and policy pressure to pivot away from fossil fuel production. But as Europe’s fiscal and regulatory hostility for oil and gas grows, so too does the risk that the region’s already-fragile energy security will
Read More...The increasing global demand for natural gas is being felt keenly in Europe, prompting billions in new investment and an uptick in the planning and permitting of natural gas plants. Amid geopolitically-driven commodity price spikes and governments’ growing energy security concerns, countries around the world are committing to build new natural gas power stations to
Read More...Supporters of climate litigation are leaning into alternative strategies to extract dollars from the American energy industry. Last Tuesday, Vermont’s state Senate passed a “climate superfund” bill that would fine American energy companies to pay for the effects of climate change. Similar legislation has also been introduced in Maryland, New York, Massachusetts, and most recently
Read More...The indefinite U.S. LNG export pause by the Biden administration continues to raise experts’ eyebrows and spark reactions domestically and internationally. This week, JP Morgan CEO Jamie Dimon called the move “enormously naïve,” while a House Energy and Commerce field committee hearing highlighted the ban’s ramifications on education and workforce development. JP Morgan CEO Jamie
Read More...On Monday, reputable policy and legal experts – including state attorneys general, business groups, former DOJ officials, and distinguished law professors – asked the Supreme Court of the United States (SCOTUS) to put an end to the outlandish legal attacks against America’s energy producers. The slew of amicus briefs support petitions filed by energy companies
Read More...In the first public meeting since Bucks County filed a climate lawsuit against American energy companies, local Pennsylvanians rebuked the litigation and Republican Commissioner Gene DiGirolamo formally withdrew his support after facing backlash. As the Delaware Valley Journal reports: “I have considered this for the past seven or eight days,” said DiGirolamo. “And at this
Read More...While 2024’s first quarter showed steady oil and gas activity, political and regulatory hurdles – most notably the administration’s recent pause on U.S. liquified natural gas (LNG) exports exports – have created widespread worry amongst exploration and production (E&P) firms. The recent Dallas Fed Energy Survey, conducted between March 13 and March 21 and
Read More...Less than 24 hours after Bucks County, Pennsylvania filed a climate lawsuit against essential energy producers it seems like the only ones applauding the commissioners’ decision are Washington D.C. climate activists. Meanwhile, voices across the state are decrying the lawsuit as “hypocritical,” “non-sensical,” and “abusive” while highlighting that the suit was seemingly discussed with little
Read More...After years of environmental activists circling Pennsylvania officials in hopes they’d be the “cherry on top” of their lawfare campaign, Bucks County took the bait and filed a suit on Monday against essential energy producers. But many questions remain, including why the suit was debated quietly with little evident public input and to what extent
Read More...The liquified natural gas (LNG) export permitting freeze was at the top of the news cycle again this week as S&P Global’s CERAWeek and Energy Week in Congress took place, with Energy Secretary Jennifer Granholm laying out a timeline for the pause. Kind of. At CERAWeek, Secretary Granholm said: “By the time we meet here
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