Legislation
Legislation , International
Climate Activists Lose Court Case against UK Oil Regulator
"I reject the contention that the strategy is unlawful because the definition of 'economically recoverable' was irrational. It follows that the claimants' claim fails and is dismissed," Judge Sara Cockerill said in the ruling document.
Legislation , Energy Transition
US Energy Dept Opens Recruitment for 1,000 Jobs in Clean Energy
The work is expected to support President Joe Biden's goal of cutting U.S. carbon emissions up to 52% below 2005 levels by 2030.
Markets , Legislation , International , Infrastructure , Pipelines
Ted Cruz’s Nord Stream 2 Sanctions Bill Fails in US Senate
Senator Robert Menendez won the support of many of his fellow Democrats, including President Joe Biden, for an alternative bill to impose sanctions on Russia that he introduced on Jan. 12.
Legislation , Energy Transition , Lease Sales
US to Hold Record Offshore Wind Auction Next Month in Clean Energy Push
Biden has pledged an "all-of-government" approach to fight global warming and decarbonize the U.S. electricity grid by 2035.
Legislation , International , Pipelines
US Senators Say Cruz Sanctions on Nord Stream 2 Could Harm Relations with Germany
The deal requires the bill to get 60 votes—a high hurdle in the 50-50 Senate. The bill would also have to pass in the House and be signed by President Joe Biden, a Democrat.
Exploration & Production , Legislation , Lease Sales
Biden Administration to Scrap Trump Plan for Wider Alaska Oil Drilling
The U.S. Department of the Interior said it will scrap the Trump administration’s decision that authorized expanded leasing and development in the National Petroleum Reserve in Alaska, or NPR-A.
Markets , Legislation
Explainer: What Is at Stake for the US Biofuel Blending Law in 2022 and Beyond
The U.S. biofuel blending program was designed to mandate certain volumes of renewable fuels to replace or reduce petroleum-based fuels. However, oil refiners say the program is too costly and needs to be reined in.
Legislation , International , Pipelines
US Says Nord Stream 2 Sanction Plan by Cruz Would Undermine United Front
The Biden administration has opposed the pipeline as it would bypass Ukraine, depriving it of lucrative transit fees.
Legislation , Emissions , Energy Transition
EPA Finalizes Tougher New Vehicle Emissions Requirements
U.S. President Joe Biden wants 50% of all new vehicles sold in 2030 to be EV or plug-in hybrid models but has not endorsed California’s plan to phase out new gas-powered light-duty vehicles by 2035.
Investment , Legislation , International , Emissions
EU Lays Out Rules to Allow More State Aid for Green Projects
Support for fossil fuels such as coal and oil is unlikely to be approved, while new investments in natural gas must be compatible with the EU’s climate targets, the Commission said.