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Banks say their first priority is delivering financial returns for clients—and that means energy-transition investments need to be profitable. Ever since a short clause in the 2015 Paris Agreement called for private funding to support a reduction in global greenhouse gas emissions, the role of the finance sector in delivering climate action has been subject to increasing …
Democratic nominee no longer wants to ban the practice Pennsylvania is big fracking state that looms large in US race Bill McKibben speaking at Upstate Films in Rhinebeck.Photographer: Anne Riley Moffat/Bloomberg Progressive Americans unhappy with Vice President Kamala Harris’ about-face on fracking need to ease up, said environmentalist Bill McKibben. “Look, it doesn’t make me happy, but …
Progressives Should Cut Harris Slack on Fracking, Says Environmentalist Read More »
Authorities in Deer Park say no indication of terrorism Operator Energy Transfer is letting the fire burn out By Christopher Charleston A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. …
Houston-Area Blaze Caused by SUV Accident, Officials Say Read More »
Permian Basin explorer aims to meet electrification demands Company also looking at using small nuclear reactors for power Diamondback Energy Inc., one of the Permian Basin’s biggest oil companies, is considering using some of the natural gas it produces to generate electricity to run drilling and fracking operations. Permian producers have increasingly shifted operations from …
Diamondback Eyes Natural Gas to Generate Power in Oil Patch Read More »
Fracking site near Midland, Texas, U.S. August 22, 2019. Picture taken August 22, 2019. REUTERS/Jessica Lutz/File Photo (Reuters) – U.S. Vice President Kamala Harris understands natural gas prices will rise if fracking is banned, industry executives said on Tuesday, explaining their confidence that the Democratic candidate will not ban the production method if she becomes …
Harris Understands Fracking Ban Raises Energy Costs, Industry Execs Say Read More »
Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden’s administration for what he described as “attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI). The CEO’s remarks followed new government plans over policies to prevent power-hungry AI data …
Chevron CEO Hits Biden’s Natural Gas Policies, Says Fuel is Crucial for AI Read More »
Utilities in the US are building a slew of plants, putting the government’s clean-energy goals further from reach. The Calpine Los Medanos Energy Center gas-fired power plant in Pittsburg, California. Photographer: Bloomberg Natural gas is back in favor in the US. In the first six months of this year, power producers announced plans to build more gas-fired capacity than they …
The new path to market for Permian Basin shale gas could could foil oil producers’ plan to curb output. By Javier Blas Now is the moment when common sense says the US shale industry should be slowing. With oil prices plunging 25% over the last year, you’d expect companies would surely react by cutting drilling. …
Summary Azerbaijan sets out ambitions for COP29 Summit Countries need to set new financing target Developing nations need more financial aid from wealthier countries Baku outlines more than a dozen side initiatives LONDON, Sept 17 (Reuters) – Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its …
COP29 Leaders Unveil Climate Funding and Energy Storage Goals Read More »
Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil markets so strongly that short positions on Brent crude overtook long positions for the first time, data from the Intercontinental …
Investors Turned More Bearish on Oil Last Week Than Ever Read More »
