oil and gas

For the first time ever, global investments in cleantech are projected to outpace upstream oil and gas spending in 2025, according to a new S&P Global Commodity Insights report.

The White House announced today that President Joe Biden is banning new offshore oil and gas drilling along 625 million acres of US coastline, taking the total area of ocean he’s protected to 670 million acres.

Renewables – solar, wind, biomass, geothermal, hydropower – are now 30% of total US electrical generating capacity, according to analysis of FERC’s mid-year data.

National Grid Renewables just brought South Dakota’s largest solar farm online in Pennington County.

In a historic move, Vermont has become the first US state to pass a law that makes major fossil fuel companies financially responsible for climate change damages.

Renewables are now the second-largest source of US electrical generation behind natural gas, which averaged a 40.5% share during Q1 2024 but fell to 39.4% in March.

US renewables’ electrical generating capacity could be close to – and may even surpass – natural gas within three years, according to FERC data.

The Environmental Protection Agency (EPA) will require existing coal-fired and new natural gas-fired power plants to control 90% of their carbon emissions or shut down.

Solar is forecast to displace natural gas in the middle of the day and in the summer on the Texas grid, according to the US Energy Information Administration (EIA).

Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study.

In a significant move, the White House will delay a decision on whether to approve what would be the US’s largest liquefied natural gas (LNG) export terminal, according to the New York Times.

The US Environmental Protection Agency (EPA) will fine oil and gas companies for emitting excess methane – the first federal government tax ever on greenhouse gas emissions.

In a historic agreement, the world has agreed to “transition away” from fossil fuels at the COP28 climate summit. Is this a success? Depends on who you talk to.

The head of OPEC wrote a letter to its members and urged them to reject any COP28 deal that targets fossil fuels, as seen by Reuters today.

The oil and gas industry is banking on carbon capture as its “fix” for climate change. The IEA’s new report dispels that idea and offers real solutions.

It’s common knowledge that Norway is the land of electric cars and that the country keeps breaking EV sales records with virtually no new fossil vehicle sales. But what’s really important is the effect those EVs are having on oil sales, which are in steep decline in the country as a result – and the same thing could happen elsewhere.

Half of the world’s economies are already five years past a peak in power generation from fossil fuels, new analysis from energy think tank Ember shows.

The US Southeast’s 570-store service station chain RaceTrac finally got its first EV charging station.

As EV demand rises, this is what the future will look like for gas cars, according to new data analysis by RMI (Rocky Mountain Institute).

A new Oxford University study found air source heat pumps to be more efficient than oil and gas heating in cold and subzero temperatures.

The Homer City coal-burning power station – Pennsylvania’s largest coal plant – is going to be retired permanently in July 2023.