Investment , Health, Safety & Environment , Emissions

New York Pension Fund Divests over $7 Million from Canadian Oil Sands Producers

New York State, which has the third-largest pension fund in the U.S. with an estimated valuation of about $248 billion, will continue to invest in oil sands producer Suncor Energy.

April 12, 2021

Public Capital , Investment , Emissions , Renewables , Pipelines

TC Energy Eyes Renewable Energy Opportunities for US Pipeline Business

TC Energy said April 12 it had issued a request for information seeking to identify wind energy investment opportunities that would generate 620 megawatt of “zero-carbon” electricity for its U.S. pipeline business.

April 12, 2021

Methane , Emissions

EPA Chief: Biden’s Methane Emission Curbs to Exceed Obama’s

‘There’s lot of room to be more ambitious,’ Regan says ahead of the administration’s release of its 2030 emission reduction targets.

April 12, 2021

Markets , Trade , Health, Safety & Environment , Emissions

Commodities Trader Trafigura Launches Carbon Trading Desk

The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.

April 9, 2021

Exploration & Production , Emissions

Russian Oil Producers Struggle to Contain Gas Flaring, Document Shows

The draft document shows utilization of associated petroleum gas, a byproduct of crude extraction, rose to 82.6% in 2020 from 81.5% in the previous year.

April 9, 2021

Investment , Legislation , Emissions , Shale Plays

CEO of US Shale Giant Pushes to Incentivize Carbon Capture

Instead of a carbon tax, Vicki Hollub, CEO of U.S. shale producer Occidental Petroleum, says she prefers the use of tax credits incentivizing the development of carbon capture projects.

April 9, 2021

Public Capital , Health, Safety & Environment , Emissions

Chevron Shareholders to Vote on Climate Change Proposals

Chevron has set emissions targets for this decade and laid out plans to keep project spending low but increase oil and gas output.

April 8, 2021

Investment , Exploration & Production , Emissions , Renewables

Carbon Tax Vital in Energy Transition, Oil Execs Say

While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the world’s emissions woes, oil industry executives say.

April 7, 2021

Public Capital , Exploration & Production , Health, Safety & Environment , Emissions

Canada’s Biggest Oil Producers Plan New Emissions Targets, No Pivot to Renewables

Canadian Natural Resources and Cenovus Energy, two of Canada’s biggest oil producers, plan to set new goals to reduce greenhouse gas emissions but will not pivot entirely away from their core businesses.

April 7, 2021

Business , Legislation , Emissions , Shale Plays

Occidental Petroleum Opposes Carbon Tax, Says CEO Vicki Hollub

“A carbon tax would be bad for a lot of the industry, a carbon tax would be bad for the consumers and especially for those consumers who are more disadvantaged from an economic standpoint,” says Occidental Petroleum CEO Vicki Hollub.

April 7, 2021