(Bloomberg) Exxon Mobil Corp. CEO Darren Woods cuts a strange figure at the COP28 climate summit — an oil executive moving among thousands of government officials, business leaders and activists gathered in Dubai to limit global temperature rise. After all, he’s the head of the largest American oil and gas company — villainized by some …
Exxon CEO, a Climate Villain to Many, Makes His Debut at COP Read More »
DUBAI, Dec 2 (Reuters) – The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change. The rules, two years in the making, were announced by U.S. officials at the United …
U.S. Lays Out Plan at COP 28 to Slash Climate ‘Super Pollutant’ Methane From Oil and Gas Read More »
COPs are immoral because they deprive billions of the energy they need to prosper. They should be replaced by energy freedom conferences. By Alex Epstein Myth: UN COP climate conferences have been a force for good, but COP 28 must lead to far more “climate action.” Truth: These conferences are immoral because they deprive billions …
COMMENTARY: COP28 Should Be The Last COP – Alex Epstein Read More »
Summary OPEC+ agreed to 2.2 mln bpd of cuts for the first quarter US Fed to move carefully on interest rates Global manufacturing data sluggish in November Israel-Hamas war resumes after week-long truce expired NEW YORK, Dec 1 (Reuters) – Oil prices slumped more than 2% on Friday on investor skepticism about the depth of OPEC+ …
Oil Prices Fall More Than 2% as Investors Skeptical of OPEC+ Cuts Read More »
(Reuters) – Michigan regulators on Friday approved Canadian pipeline company Enbridge Inc’s (ENB.TO) application to build a tunnel under the Great Lakes to house its aging Line 5 oil pipeline, a major step forward for the $750 million project. Enbridge is planning to replace a section of the pipeline, which runs underwater for 4 miles (6.4 …
Michigan Regulators Approve Enbridge Great Lakes Tunnel for Line 5 Oil Pipeline Read More »
By Cody Good Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Over the past five years, global renewable energy growth has been accelerated by significant technological advancements and declining costs, especially in solar and wind energy sectors. Policy specifically has played a key role, with governments implementing policies and incentives to foster this …
INFOGRAPHIC: 5-Year Growth in Global Renewables – ENERGYminute Read More »
Nearly 200 nations agreed on how to run a fund to help vulnerable countries deal with more extreme weather, and rich nations pledged at least US$260 million to start the program, marking a breakthrough as global climate negotiations opened in Dubai. Delegates at the COP28 summit on Nov. 30 adopted a framework for the World Bank-hosted …
COP28 Scores Early Win With $260 Million For Climate Damages Read More »
Summary Crude prices stable on Friday after 2% drop on Thursday OPEC+ agreed to 2.2 million bpd of cuts for the first quarter Market concerned about compliance, macroeconomic demand Global manufacturing data was sluggish in November Dec 1 (Reuters) – Oil prices were broadly steady on Friday following a 2% drop on Thursday, with the …
Oil Prices Stabilise After Slump on Underwhelming OPEC+ Cuts Read More »
OPEC+ oil-producing countries failed to produce a joint output reduction target on Thursday but did agree to voluntary curbs on production of nearly 2 million barrels per day (bpd) for the first quarter of 2024. Oil prices fell after rising by more than 1% earlier in the session after OPEC+ announced the voluntary output cuts. …
The U.S. Energy Department said on Thursday it has finalized contracts to purchase 2.73 million barrels of oil for the Strategic Petroleum Reserve (SPR). The U.S. has contracts to purchase 930 million barrels (MB) from Exxon Mobil, 600 million MB from Phillips 66, 600 MB from Sunoco and 600 MB from Macquarie. The contracts total $215,929,510, …
U.S. Buys 2.73 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
