US Clears 2.6-GW Offshore New England Wind Project
Located south of Martha’s Vineyard off of Massachusetts, the project consists of the 791-megawatt New England Wind 1 and the 1.87-GW New England Wind 2.
White House Rejects Tying Ukraine Aid to Reversing Natural Gas Policy
Bloomberg The Biden administration has dismissed a deal with House Speaker Mike Johnson to tie Ukraine aid to lifting the Biden administration’s pause of new liquefied natural gas export licenses. “The president has been clear that House Republicans should pass the bipartisan national security agreement that already passed the Senate as soon as possible to get Ukraine …
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Few Stations and $200 to Fill Up: Life on California’s ‘Hydrogen Highway’
Bloomberg As California’s longtime chief climate regulator, Mary Nichols once championed hydrogen fuel cell cars. Just a few years ago, as the state spent tens of millions of dollars on a planned network of fueling stations dubbed “the hydrogen highway,” Nichols was extolling the 300-mile (480-kilometer) range and quick refueling time of her own hydrogen ride, a …
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Canada’s RBC Struggles to Go Green While Financing Oil
Royal Bank of Canada’s travails show the fine line banks must walk in shifting toward a lower-carbon future. Bloomberg In November, Dave McKay traveled from his Toronto home to Ottawa, where he accepted a medal from the Royal Canadian Geographical Society. During a gala at the national war museum, the group showered the chief executive officer of Royal …
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Renewables Growth Still Lags Climate Targets, Think Tank Says
(Reuters) – The world added less than half of the new renewable energy capacity needed to meet its climate goals last year, with rising energy demand and weak grid infrastructure slowing the shift from fossil fuels, a leading think tank said on Thursday. Global renewable capacity additions increased by 36% last year to reach around …
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OPEC+ Gets Oil Price to its Sweet Spot, the Trick is Keeping it There
Reuters) – There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it. OPEC+’s ministerial committee on Wednesday kept the current output targets but did note that some countries had been over-producing and had undertaken to …
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Biden Administration Awards $20 Bln for Clean Energy Investment in Low-Income Communities
(Reuters) – Vice President Kamala Harris and Environmental Protection Agency Administrator (EPA) Michael Regan on Thursday announced eight organizations that will oversee the spending of $20 billion in grants to fund tens of thousands of clean energy and transportation projects in disadvantaged communities across the United States. The $20 billion, made available through the $27 …
U.S. Has Not Asked India to Cut Russian Oil Purchases, American Official Says
(Reuters) – The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow’s revenue, an American treasury official said on Thursday. India has emerged as one of the top buyers of Russian sea-borne …
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U.S. Sanctions Hamper Russian Efforts to Repair Refineries
Summary Lukoil refinery struggles to repair gasoline unit U.S. firm UOP says not helping Lukoil All Russian refineries use Western technology, software Ukrainian drones damage dozens of Russian plants (Reuters) – When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem …
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Oil Steady, Bolstered by Lower Supply Concerns
(Reuters) – Oil prices were steady on Thursday, shored up by concerns about lower supply as major producers keep output cuts in place and on signs of stronger economic growth in the U.S., the world’s biggest oil consumer. Brent futures for June fell 5 cents to $89.30 a barrel at 0919 GMT. U.S. West Texas …