The Latest

New York to Fine Fossil Fuel Companies $75B Under New Climate Law

New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate. 

Russia Declares Federal Emergency Over Black Sea Oil Spill

Russia declared a federal emergency on Dec. 26 over an oil spill in the Black Sea.

Midwesterners to CCUS: Not in My Corn Field

Midstream firms in the Midwest are running into brick walls of local opposition against carbon capture projects.

Permian Operators Cut Methane Emissions by 26% in 2023, S&P Global Says

S&P Global credits improved equipment and technology for helping with methane emissions reductions in the Permian Basin.

Analysts: DOE’s LNG Study Will Result in Few Policy Changes

However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities.

Commentary: Maximizing the Opportunity for Energy Dominance

Energy produced in the U.S. already has a strong grip on global markets. But with the country on the cusp of a new regulatory environment, will the U.S. capitalize on the opportunity to maximize energy dominance?

DOE: ‘Astounding’ US LNG Growth Will Raise Prices, GHG Emissions

The Biden administration released Dec. 17 a long-awaited report analyzing the effects of new LNG export projects, which was swiftly criticized by the energy industry.

Equinor, Lazard Ponder Fate of the Inflation Reduction Act

With a new incoming Trump administration, there is concern about what changes are in store for President Biden’s signature climate legislation, the Inflation Reduction Act.

US Offshore Driller Asks Judge to Block Insurers' Demands for $250MM Collateral

W&T Offshore has asked a federal judge to block insurance companies' demands for $250 million. 

US Supreme Court Should Avoid Climate Change Cases, Biden Administration Says

The Biden administration is urging the U.S. Supreme Court to reject efforts by oil companies to prevent lawsuits accusing the fossil fuel producers of deceiving the public about climate change.