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The Biden administration is touting its efforts to transition to a clean-energy economy, but a new study shows that few workers who leave industries associated with fossil fuels move to a green job — especially older employees and those without a college degree. Researchers at Wake Forest University and the University of Pennsylvania analyzed job changes in …

Few U.S. Workers Leaving Carbon-Intensive Jobs Move to Green Ones Read More »

AUSTIN, Texas (AP) — Texas is suing Shell and is seeking more than $1 million, alleging a fire at the oil giant’s Houston-area petrochemical plant damaged the environment. The May 5 fire at the plant in the suburb of Deer Park resulted in nine workers being treated at and released from a hospital. The lawsuit, …

Texas Sues Shell Over May Fire at Houston-Area Petrochemical Plant Read More »

Courtesy of Bloomberg Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The Biden administration is doubling down on a new climate tech and there’s as much anticipation as there is for Taylor Swift’s next Eras Tour ticket sale. What happened: The US Department of Energy recently revealed plans to invest $1.2 billion into …

A Boost for DAC – ENERGYminute Read More »

The fast-moving fire that ripped through Maui’s historic town of Lahaina killed more than 90 people, making it the deadliest US wildfire in more than a century. The cause of the blaze is still under investigation, but power equipment in the area is coming under increasing scrutiny. Across the nation, wildfires are growing in intensity and frequency …

What Sparks U.S. Wildfires: Power Lines, Burning Trash and Lightning Read More »

(Reuters) – The mining industry faces “considerable challenges” meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a U.S. climate law, S&P Global said in a report on Tuesday, ahead of the legislation’s one-year anniversary. The landmark U.S. Inflation Reduction Act offers tax breaks for EVs, solar panels and other renewable energy products …

Miners Face ‘Considerable Challenges’ Meeting Demand From U.S. Climate Law Read More »

Since the Inflation Reduction Act was signed into law one year ago this week, there’s been $59 billion in new EV investments announced in the US, according to BloombergNEF. It’s hard to parse how much of that might have happened anyway — automakers were pouring money into new EV plants before the law passed — but it is clear …

The Four Biggest Hurdles in America’s EV Transition Read More »

By Geoffrey Cann For all the talk about energy transition, many aspects about transition remain unexplained. Here are four that puzzle me about how transition will work. Energy Transition I’m in the midst of a home renovation. The renovation should allow the house last another 20-30 years with minimal upkeep, and may well be our …

Four Unexplained Things About Energy Transition – Geoffrey Cann Read More »

Join the ultimate gathering of oil, gas and energy leaders to discover paths to net zero With just 5 weeks to go until the 24th World Petroleum Congress 2023 taking place in Calgary from 17-21 September, join 15,000 visitors to discover technologies, products, and services focused on net-zero solutions. Get ready for groundbreaking insights, game-changing …

24th World Petroleum Congress: Join the most important conversations on the future of energy this September Read More »

U.S. natural gas futures rose on Monday as hotter-than-normal weather kept cooling demand high, with consumption set to rise further into next week. Supply was also seen dropping to 108.6 billion cubic feet per day (bcfd) from 109.2 bcfd in the previous week. Front-month gas futures for September delivery on the New York Mercantile Exchange …

U.S. natgas futures rise as heat wave lingers Read More »

Bankers, money managers and other financial market participants are starting to loathe the label “ESG” — but they’re also sticking with the strategy, according to a Bloomberg survey. About two-thirds of respondents in a survey of roughly 300 Bloomberg terminal users said the anti-ESG movement that started in the US last year will force firms to stop …

Bankers Hate Saying ‘ESG’ But Are Hardwiring It Into Their Work Read More »