Energy
Image
Energy Transfer suspends Lake Charles LNG project
The company said the continued development of its Lake Charles terminal “is not warranted” at this time.
Image
Trump administration pauses offshore wind, citing the national security due to radar disruption
Multiple federal agencies over the past few years have found offshore wind disrupts radar. Monday's pause impacts Vineyard Wind and Empire Wind.
Image
Japan set to next month restart world's largest nuke plant, Fukushima
The country took a final step last week when regional officials approved the restarting of Fukushima nearly 15 years after the Fukushima disaster
Image
House passes bill that would strip Biden of authority to enact LNG pause
The bill places the power to approve exports solely with the Federal Energy Regulatory Commission, which approves the terminal projects.
Image
Investor firms’ flee from climate coalition shows anti-ESG efforts are succeeding, critics say
Climate Action 100+ encourages investors to get companies to pursue emission reductions efforts in order to limit global warming to 2.7 degrees Fahrenheit over a pre-industrial baseline, a target set by the Paris Agreement in 2015. The capitol flight from ESG may total as much as $15 trillion.
Image
JP Morgan announce exit from major coalition advocating social conscious investment decisions
State Street announced it would also be leaving Climate Action 100+, and Blackrock announced it would be scaling back its participation in the climate-focused ESG coalition.
Image
America’s electricity grid is stressed, and new data centers may put even bigger demands on it
The estimated global energy consumption in 2022 for data centers and crypto mining, as well as the power to transmit that data, was between 600 and 850 terawatt hours. It was enough to power 8.5 trillion 100-watt light bulbs for 1 hour.
Image
Outgoing Biden climate envoy John Kerry says a Trump reelection won't stop renewable energy
Kerry said that Trump winning the election could impact progress toward reducing global emissions in other ways, but the U.S. buildout of wind and solar was ensured by state laws.
Image
Climate conservatives seek ‘all of the above,’ but some GOP'ers see it as hostile to fossil fuels
“Through innovation, we can continue to reduce our emissions without sacrificing reliability or affordability," Rep. Buddy Carter, R-Ga., vice chair of the Conservative Climate Caucus, said.
Image
Federal judge agrees to pause litigation over Snake River dams
Simon’s order provides a five-year stay through Dec. 13, 2028, with the possibility of another five-year extension. The federal government and other parties requesting the pause will be required to provide annual updates on their progress, he said.
Image
Maine proposal seeks to reduce natural gas hookups
The bill, if approved, would also require the state to conduct a study on indoor air quality and potential health impacts from natural gas-powered appliances.
Image
Texas’ Permian Basin sees another billion-dollar oil and gas merger, signaling long future for oil
While influential organizations, such as the International Energy Agency, predict peak oil consumption will be seen within the next decade, the merger activity in America’s shale areas suggests that oil companies are betting on long-term demand.
Image
Whitmer's proposed 2025 budget pitches $85M in EV subsidies
Whitmer also proposed up to a $2,500 subsidy for union-made EVs that would total allocate $25 million to fund the MI Vehicle Rebate program.