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Challenges to Funding Rapid Deployment of Energy Transition Technology

Enormous capital investments are needed to meet these public policy and societal goals according to the International Energy Agency (IEA), global investment in clean energy technology needs to be $4.5 trillion by the early 2030s if the Paris Agreement’s 2050 net-zero target is going to be reached.

Energy Transition in Motion (Week of May 24, 2024)

Here is a look at some of this week’s renewable energy news, including a ‘breakthrough’ for enhanced geothermal systems.

Analyst: Energy Companies Should Prepare for Tighter Methane Regulations

Regardless of election’s outcome, investors will take emission reduction plans into consideration.

SEC Climate Rule: The Devil's in the Lack of Details

The Securities and Exchange Commission’s climate disclosure rules requires companies to report a lot of information — from greenhouse-gas emissions to potential weather impacts that could have a material business impact. But the devil’s in the lack of details.

Despite Sanctions Russia Still World’s Fourth Largest LNG Exporter

Russia ranked as the world’s fourth-largest LNG exporter in 2023, sending out cargoes of 30 mtpa. Russia’s LNG capacity could surpass 74 mtpa capacity by 2030, according to details published by Flex LNG.

Mexico Presidential Frontrunner Likely to Continue Reliance on US Gas

Mexico’s leading presidential candidate Claudia Sheinbaum is likely to continue with the current policies of Mexican President AMLO, likely meaning a continued reliance of U.S. imported piped-gas.

Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says

Washington aims to prioritize issuing licenses to companies with existing oil output and assets over those seeking to enter the sanctioned OPEC nation for the first time, sources told Reuters.

Exxon Mobil Keeps Its Options Open in Guyana and Globally

Exxon Mobil Guyana Ltd.’s President Alistair Routledge said the company is seeking resources offshore Guyana that compete financially within its portfolio.

Belcher: Brace for Onslaught of New Biden Regulations

A slew of rulemakings, executive orders and policy decisions affecting energy are headed this way.

Kinder Morgan Buys Texas Oilfield in Carbon-tax Play, Sources Say

Kinder Morgan's purchase of Avad Energy Partners' assets in West Texas shows how the U.S. Inflation Reduction Act's $60 per metric ton tax credit for carbon sequestration is spurring oil and gas deals.