MethaneSAT: EDF’s Eye in the Sky Targets E&P Emissions
The Environmental Defense Fund and Harvard University recently launched MethaneSAT, a satellite tracking methane emissions. The project’s primary target: oil and gas operators.
After Significant Delay, SEC Finally Release Climate Disclosure Rule
Analysis by Energy Workforce President Tim Tarpley Energy Workforce President Tim Tarpley On Wednesday, the SEC voted on its long-delayed final rule requiring US companies to disclose climate impacts from their operations. This rule was first proposed in March 2022. The initial proposal would have divided disclosures into Scope 1, which is direct emissions the …
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Exxon Signals Potential Counter Offer for Hess’ Guyana Assets
Exxon Mobil has filed a contract arbitration claim related to Chevron’s proposed purchase of Hess Corp.’s interests in the Stabroek Block offshore Guyana.
Xcel Energy Says its Facilities Were Involved in Smokehouse Creek Fire in Texas
(Reuters) – Electric utility Xcel Energy said on Thursday its facilities were involved in an ignition of the Smokehouse Creek fire in Texas. But the company denied “claims that it acted negligently in maintaining and operating its infrastructure”. The Smokehouse Creek Fire has killed at least two people and grown into the largest wildfire in state history …
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Hess Says Reviewing Timeline for Closing of Chevron Deal
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess’s Guyana assets. Exxon on Wednesday filed a contract arbitration claim related to Hess’ proposed sale of its Guyana oil properties and suggested it may counter Chevron’s pending …
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Enbridge Closes First Utility Transaction with Dominion for $6.6B
Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
TC Energy Confirms Latest Round of Job Cuts; Unspecified Number of Employees Affected
CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday. A company spokesperson said in an emailed statement the layoffs relate to TC Energy’s previously announced plans to integrate its Canada, U.S. and Mexico natural gas pipelines business units. The new job cuts …
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EU Countries to Exit Energy Treaty Over Climate Concerns
(Reuters) – European Union countries agreed on Thursday to jointly quit an international energy treaty over concerns that it undermines efforts to fight climate change, officials said. The 1998 Energy Charter Treaty, which allows energy companies to sue governments over policies that damage their investments, has in recent years been used to challenge moves that …
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Oil Prices Slip on View U.S. Rate Cuts Could be Delayed
Summary Delayed rate cut expected, likely to buoy dollar China Jan-Feb crude imports rise U.S. crude stocks rose as gasoline, distillate stocks drop LONDON, March 7 (Reuters) – Oil prices slipped on Thursday as expectations that U.S. interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in …
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COMMENTARY: “What should government do to address climate change?” – Alex Epstein
“Addressing climate change” is the wrong target; we want to reduce climate danger—and that requires liberating, not eliminating, fossil fuel use. By Alex Epstein Q: What should government do to address climate change? A: “Addressing climate change” is the wrong target; we want to reduce climate danger. And the proven way to do that is: let us use …
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