"This will help channel sustainable finance towards projects and businesses to help reach our climate targets," EU financial services chief Mairead McGuinness said.
Friends of the Earth said in a statement that the project was incorrectly judged to be compatible with the Paris climate agreement, without proper assessment of its climate impacts.
In response to a letter from Senator Warren, shale gas giant EQT outlined emissions reduction potential of an accelerated replacement of foreign coal usage with natural gas for baseload power.
Executives from Saudi Aramco, Exxon Mobil and Chevron blamed demand for renewables and lack of investment in fossil fuels for recent fuel shortages and price volatility.
Ohio Congressman Bill Johnson gives his take on how President Biden’s infrastructure and spending bills will affect the oil and gas industry plus the role natural gas produced in the U.S. has in addressing climate change.
Interior's Bureau of Ocean Energy Management will auction almost all available unleased Gulf of Mexico blocks, 80 million acres, at a live-streamed event on Nov. 17.
As the price of carbon rises and the cost of CCS falls, there could be money to be made in keeping CO2 out of the atmosphere.
The reserve currently holds about 606 million barrels (MMbbl) in dozens of caverns in four heavily guarded locations on the Louisiana and Texas coasts.
It is Wall Street, not Washington, that has put the clamps on growth in America’s oil patch, argues the Financial Times’ Houston correspondent.
The price of Brent has risen over 60% this year and hit $86.70, a three-year high, on Oct. 25, supported by supply restraint by OPEC+ and recovering demand.