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Exxon CEO Goes Into the Lion’s Den to Tout Fossil Fuels

Darren Woods tells COP that demand will keep rising, and the world needs an energy transition that’s profitable for companies like his. Bloomberg News For the second year running, the chief executive officer of the largest US oil company made an appearance at the COP climate talks. And Darren Woods, seen as a climate criminal by many …

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Trump to Go to Capitol as Republicans Near House Majority

Republicans eye Washington trifecta with Congress, White House Johnson faces prospect of narrow majority, complicating agenda President-elect Donald Trump will meet with House Speaker Mike Johnson on Wednesday, according to a person familiar with their plans, as Republicans await the prospect of scoring a trifecta in Washington with control of both chambers of Congress and the White House. The …

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U.S. Dependence on Canada’s Oil Should Deter Trump Tariffs, Industry Says

Summary Most of Canada’s 4 million bpd of oil exports to go U.S. U.S. cannot easily replace Canadian barrels Stronger U.S. dollar could benefit Canadian producers, says analyst (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many …

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U.S. Sets Methane Fee on Oil, Gas Emitters as Biden Term Winds Down

A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. REUTERS/Angus Mordant/File Photo Summary Repeal of methane fee likely during Trump presidency Methane fee starts at $900 per metric ton in 2024 Applies to facilities emitting over 25,000 T of CO2 equivalent annually …

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Shell Wins Appeal Against Landmark Dutch Climate Ruling

Summary Appeals court dismisses 2021 ruling Friends of the Earth says will continue to fight polluters COP29 take place in Baku to seek progress on curbing emissions (Reuters) – Oil and gas major Shell (SHEL.L) on Tuesday won an appeal against a landmark ruling that required it to accelerate carbon reduction efforts, dealing a blow to campaigners …

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Mapped: Renewable Energy as a Percentage of Power Generation, by Country

By Rakshit Jain Mapped: Renewable Energy by Country (2022 Data) This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. As of 2024, the global average for electricity generated from renewable sources is 29%. While all countries vary on this metric, wealth is not the …

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E&P Highlights: Nov. 11, 2024

Here’s a roundup of the latest E&P headlines, including Equinor’s acquisition of a stake in a major project and a collaboration between oilfield service companies.