oil and gas

The US Interior Department today announced that an oil and gas lease sale for Alaska’s Cook Inlet will take place on December 30 – a concession made to Senator Joe Manchin (D-WV) so that he’d vote for the passage of the Inflation Reduction Act (IRA).

Nearly a quarter of the 200,568 megawatts (MW) of coal-fired capacity currently operating in the US has reported plans to retire by the end of 2029, the US Energy Information Administration (EIA) reported today.

Halting offshore drilling expansion, along with the phase-down of existing production of fossil fuels as clean energy is adopted, would deliver up to 13% of the annual emission reductions needed to prevent the worst effects of the climate crisis, according to new analysis from ocean conservation nonprofit Oceana.

In 2021, 163 gigawatts (GW) – nearly two-thirds – of new renewable power added was cheaper than the cheapest coal-fired power plants in G20 countries, according to a new report released by the International Renewable Energy Agency (IRENA).

Question: When does an internal-combustion-engined car become valueless?

Answer: When the cost of buying or leasing an electric vehicle along with paying for maintenance and miles becomes less expensive than using a free gas car.

The US Supreme Court, in a 6-3 ruling this morning, “sharply curtailed” the Environmental Protection Agency’s (EPA’s) options to regulate greenhouse gas emissions from existing power plants – the second-largest source of emissions in the US. Greenhouse gas emissions cause climate change.

A team of scientists developed the first global map of chronic oil slicks in the world’s oceans, and found that more than 90% come from humans – significantly more than previously reported.

The first of 11 8.6 megawatt (MW) turbines has been installed at the world’s largest floating wind farm, off the Norwegian coast. Hywind Tampen is also Norway’s first offshore wind farm – and it will power offshore oil and gas platforms.

Major US and European oil and gas companies are failing to meet the bare minimum of their promises to reach net zero by 2050 in order to align with the Paris Agreement, according to a new study released today.

The European Commission wants to label some natural gas and nuclear power plants as sustainable, calling them “transitional” sources of energy in rules proposed yesterday. But that label comes with strings attached, and many, from environmental groups to countries, call the proposal a greenwash.

The US Energy Information Administration (EIA) has forecast in its January Short-Term Energy Outlook that rising electricity generation from clean energy such as solar and wind will reduce generation from fossil fuel-fired power plants over the next two years. 

Oil giant BP claims the use of its BP pulse electric vehicle chargers is “on the cusp” of being more profitable for the company than filling up an internal combustion-powered car with gas. Once that happens, it could mark a major turning point for EVs and “big oil”.

Fossil fuel heating is bad for the environment and super expensive right now: Three Democratic legislators wrote a letter to the Federal Energy Regulatory Commission today asking them to protect consumers from unfairly high energy costs. Geothermal heating is fantastic, but it’s not yet widely available – and it’s still financially out of reach for many. Enter Swedish energy giant Vattenfall with high-temperature heat pumps that can easily replace gas boilers.

Between 2022 and 2025, 27.3 gigawatts (GW) of new natural gas-fired capacity is scheduled to come online in the US, boosting its existing capacity of 489.1 GW as of August 2021, according to the US Energy Information Administration (EIA). Here’s where it’s headed.

The US Bureau of Ocean Energy Management (BOEM) held a lease sale in the Gulf of Mexico yesterday for oil and gas drilling rights. Why did the Biden administration hold an auction for fossil fuel drilling, on the heels of COP26, where countries agreed to “phase down” fossil fuels?

The COP26, aka the United Nations Climate Change Conference UK 2021, has officially finished in Glasgow. But the final agreement has not yet been put in place, and that will likely come over the weekend. Here’s Electrek‘s daily roundup of the key happenings at the world’s most important summit ever.

The French oil mastodon TotalEnergies is making amends – and doubtless seeking to make a buck from renewables as well – by installing fast-charging stands for EV cars at its gas stations along France’s highway system.

In today’s Electrek Green Energy Brief (EGEB):

• Fossil fuel lobbyists are using Facebook ads to try to thwart crucial climate-change initiatives.
• GM says it will source 100% clean energy for its US sites by 2025.
• SolarReviews launches a new solar calculator that doesn’t require you to sign up.
• UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.

In today’s Electrek Green Energy Brief (EGEB):

• 6.1 GW of global offshore wind was installed in 2020, down slightly from a record 6.24 GW in 2019.
• More than half of the world’s fossil fuels have to stay buried to slow global warming.
• UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.

In today’s Electrek Green Energy Brief (EGEB):

• Hurricane Ida will affect the price of gas for ICE-car drivers across the US.
• Were widespread power outages from Hurricane Ida avoidable?
• UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.