Canadians are pushing on several diplomatic fronts against Mich. Gov. Whitmer’s order to shut Enbridge’s Great Lakes oil pipeline.
The lawsuit comes after a federal appeals court this month rejected New York City’s effort to hold five major oil companies liable to help pay the costs of harm caused by global warming.
Carbon capture technologies such as CCUS offer an opportunity to fast-track the energy transition, but experts say murky regulations in the U.S. are obstructing its path to a zero-carbon economy.
Following completion of its certification pilot projects announced this year, EQT says it will be producing more certified gas than any other U.S. producer’s entire natural gas production.
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.
The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.
Bank of America, which is the second largest U.S. bank, said the latest announcement puts its total commitment to sustainable finance by 2030 at $1.5 trillion.
The bill authorizing $8 billion to plug and clean up abandoned oil wells nationwide is sponsored by Representative Teresa Leger Fernandez, whose home state of New Mexico is a major oil and gas producer.
Chevron has set emissions targets for this decade and laid out plans to keep project spending low but increase oil and gas output.
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.