The Latest

Business

Energy Transition Part III: The Need for a Second Pathway

Carbon capture, utilization and storage technologies play a critical role in the energy transition. Will the oil and gas industry learn to adapt? 

October 22, 2021

Petrochemicals

Plastics Projected to Outpace Coal’s Greenhouse-gas Emissions by 2030

The report projected that the plastic industry releases at least 232 million tons of greenhouse gases each year throughout its lifecycle from the drilling for oil and gas to fuel its facilities to incineration of plastic waste.

October 22, 2021

Policy & Regulations

S&P Gains EU Approval for $44 Billion Takeover of IHS Markit

The European Commission approved the $44 billion takeover on condition S&P sells IHS Markit’s U.S. Oil Pricing Agency Oil Price Information Service, PetroChemWire and its coal, metals and mining businesses

October 22, 2021

Policy & Regulations

US Antitrust Regulators Reportedly Slowing Down Oil and Gas Mergers

The FTC’s scrutiny threatens to put the brakes on dealmaking in the oil patch, which had already dropped to $18.5 billion of M&A between U.S. oil and gas producers in the third quarter.

October 22, 2021

Investment

Britain Strikes $552 Million Partnership with Bill Gates to Supercharge Green Tech

Speaking at a Global Investment Summit alongside U.K. Prime Minister Boris Johnson, Bill Gates said investment was needed to further develop new technologies that were currently too expensive for the consumer market.

October 22, 2021

Emissions

Biden Climate Envoy Kerry to Visit Saudi Arabia Next Week

The United States and the EU are trying to convince Saudi Arabia to join a global initiative on slashing emissions.

October 22, 2021

International

Russia Says Putin Won’t Fly to COP26, in Blow for Climate Talks

Russian President Vladimir Putin’s spokesman Dmitry Peskov said he would take part remotely, but the no-show by the leader of the world’s fourth-biggest emitter of greenhouse gases is the latest setback.

October 22, 2021

Exploration & Production

California Seeks Strict New Limits on Oil Drilling

If finalized, the new oil drilling rules unveiled by California Governor Gavin Newsom on Oct. 21  would be the most stringent of any state in the nation, topping Colorado’s setback requirement approved last year.

October 21, 2021

Public Capital

Exxon Mobil Pledges $400 Million to Boost Wyoming Carbon Capture

Exxon Mobil expects the expansion will capture up to 1 million metric tons of CO₂, in addition to the 6-7 million metric tons already captured at the LaBarge, Wyoming facility each year.

October 21, 2021

Business

Cornerstone Launches Innovative ESG Collaboration with Columbia University

In collaboration with Columbia University’s International Research Institute for Climate and Society, Cornerstone aims to create certifications and standards by which organizations can navigate the ESG landscape.

October 21, 2021