Energy & Fuel

"OPEC Reaffirms Slightly Higher Oil Output"

"With President Biden preparing to visit Saudi Arabia in July, the kingdom and its oil-exporting allies ratified slightly elevated crude oil output while waiting to see whether additional spare capacity would be needed to deal with sanctions on Russia or output disruptions in countries such as Libya or Nigeria."

Source: Washington Post, 07/01/2022

"The U.S. Is Ditching Coal. The Supreme Court Ruling Won’t Change That."

"When conservative environmental lawyer Jeffrey Holmstead joined the Bracewell firm in late 2006, it represented the whole range of electric power companies, including coal-fired utilities and coal mining firms. Not anymore. The chief executives of electric utilities, wary of the perils of climate change, are marching away from coal, as well as other fossil fuels."

Source: Washington Post, 07/01/2022

Enviros Sue Biden Administration For Resuming Oil And Gas Lease Sales

"A coalition of environmental groups on Wednesday sued the Biden administration over its approval of oil and gas lease sales in four Western states. The lease sales in Montana, Nevada, North Dakota and Utah mark the first since the administration temporarily froze new lease sales on federal lands in January 2021."

Source: The Hill, 06/30/2022

"Blaming Russia’s War, G7 Leaders Rescind Another Global Climate Pledge"

"Leaders of some of the world’s most wealthy nations say Russia’s invasion of Ukraine, and the strain it’s causing to the global energy market, is forcing them to walk back a recent promise to stop funding overseas fossil fuel projects. It’s the latest climate pledge to fall victim to the war, which has upended global geopolitics and threatens to derail an already fragile international effort to tackle the climate crisis."

Source: Inside Climate News, 06/29/2022

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