Natural gas prices plummeted at the end of November due to a glut of supply. It’s also looking as though a warmer December is going to keep demand down.
And finally, the fossil fuel is being increasingly banned in US cities and towns for environmental and safety reasons.
The International Energy Agency (IEA) released its annual report yesterday. The Paris-based intergovernmental organization points to electric vehicles as instrumental in curbing global emissions. Unfortunately, those gains are being fundamentally undercut by the dramatic rise in SUVs.
In today’s Electrek Green Energy Brief (EGEB):
CNBC moderated a panel on Monday at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). The panel consisted of heads of Big Oil and Big Gas. The CEOs spent their time defending their efforts to reduce carbon emissions and intimated that environmental groups pushing for a faster transition to green energy were being unrealistic and overly emotional.
In today’s Electrek Green Energy Brief (EGEB):
The Keystone oil pipeline has spilled approximately 383,000 gallons of tar sands oil in northeastern North Dakota, according to North Dakota state regulators on Thursday. The pipeline was shut down on Tuesday after crews discovered the leak.
In today’s Electrek Green Energy Brief (EGEB):
Murray Energy Holdings Co, the largest private coal company in the United States, has filed for bankruptcy in the midst of a rapidly diminishing demand for coal.
In today’s Electrek Green Energy Brief (EGEB):
Green New Deal co-sponsor Senator Ed Markey (D-MA) (above left) returned nearly $47,000 in donations from fossil-fuel-connected lobbyists. The donations violated the No Fossil Fuel Money pledge, which Markey signed in December 2018.
ExxonMobil headed to federal court in Manhattan yesterday. The State of New York is suing the Big Oil giant on charges that the company misled its investors about the climate crisis. And as Baltimore joins New York, Massachusetts, and other cities and counties in the lawsuit arena, it looks as though Big Oil is going to be spending a lot of time on trial in the future.
Green energy in the UK, which includes wind farms, solar, biomass, and hydro plants, generated more electricity than coal, oil, and gas in the third quarter of 2019, according to a new report by Carbon Brief.
In today’s Electrek Green Energy Brief (EGEB):
Senator Chris Van Hollen (D-MD) and Senator Lindsey Graham (R-SC) announced late yesterday that they reached agreement on a new Turkey Sanctions Bill in response to the country’s military operations against the Kurds in northeastern Syria. This includes sanctions against the country’s energy sector.
US Interior Secretary David Bernhardt spoke at the annual meeting of the New Mexico Oil and Gas Association in Santa Fe yesterday. The interior secretary criticized the Green New Deal, saying that its “policies threaten their livelihoods and economic progress,” according to the Associated Press.
President Lenin Moreno of Ecuador has scrapped fuel subsidies worth $1.3 billion a year. This has resulted in widespread protests since last week. Moreno said he scrapped the subsidies to boost Ecuador’s economy and ease the country’s debt. Ecuador has agreed to cut public spending in return for a loan from the International Monetary Fund (IMF).
In today’s Electrek Green Energy Brief (EGEB):
In today’s Electrek Green Energy Brief (EGEB):
In today’s Electrek Green Energy Brief (EGEB):
In today’s Electrek Green Energy Brief (EGEB):
In today’s Electrek Green Energy Brief (EGEB):
In today’s Electrek Green Energy Brief (EGEB):
In today’s EGEB:
Major oil companies have spent $1 billion on climate lobbying that is “overwhelmingly in conflict” with the Paris Agreement, according to one new report. And another report reveals oil execs laughing about their newfound access within the Trump administration.