Legislation
Legislation , Emissions , Energy Transition
Biden’s Net-zero Plan Won’t Push Oil and Gas Away
A net-zero power sector by 2035 in the U.S. is one of the most ambitious decarbonization targets globally and will be “extremely challenging” to meet, analysts with Wood Mackenzie said.
Legislation , Energy Transition
US House Panel to Probe Oil Companies over Climate Disinformation
The requests come as Democrats seek to pass a massive budget reconciliation bill, some of which fossil fuel interests oppose because they could add costs to drilling and mining.
Legislation , International , Shale Plays
Argentina Sends Energy Bill to Congress to Boost Vaca Muerta
The project propose an incentive scheme based on increased approvals for oil and gas exports, and boosting access to foreign exchange markets—now hindered by capital controls.
Business , Legislation , Emissions
Oil and Gas Industry Braces for ‘Punitive’ Methane Fee
Here’s why even oil and gas producers that support cracking down on emissions are up in arms over a proposal to tax American methane pollution.
Policy & Regulations , Legislation
Energy Policy Watch: Defending the US Oil and Gas Industry
U.S. Rep. Kevin Brady (R-Texas, 8th) joins Jack Belcher on Energy Policy Watch for a discussion on the budget reconciliation bill, which could include “unprecedented” tax hikes on the oil and gas industry.
Legislation
US Reconciliation Energy Bill Slowed by Flurry of Republican Amendments
Democrats on the panel have proposed $31 billion of measures to be included in a $3.5 trillion budget “reconciliation” package, which contains several items hotly opposed by many Republicans such as repealing the oil leasing program in Alaska’s Arctic National Wildlife Refuge.
Business , Exploration & Production , Legislation , International
Norway Proposes Overhaul of Oil and Gas Tax Rules
Norway is western Europe’s largest oil and gas producer and companies operating on the Norwegian continental shelf include Equinor, Shell, TotalEnergies, ConocoPhillips, as well as Aker BP and Lundin Energy.
Exploration & Production , Legislation
US House Democrat Proposes Repeal of Arctic Refuge Oil Lease
The office of House Natural Resources Chairman Raul Grijalva released legislation that repeals the Arctic National Wildlife Refuge (ANWR) oil and gas program.
Legislation , Emissions
Schumer Claims Infrastructure Bills Edge US Close to Climate Goals
Schumer said in a letter to fellow lawmakers that climate measures in the $1 trillion bipartisan infrastructure bill and a $3.5 trillion bill 24 will achieve emissions reductions of about 45% by 2030.
Business , Legislation , Emissions
White House Withholds Support of Democratic Carbon Border Tax
The White House is concerned the Democrats’ proposal will raise prices on a host of consumer goods and conflict with Biden’s pledge not to tax any American earning less than $400,000 per year, sources say.