Markets , Legislation , Energy Transition

Washington State Plans Ban on Sale of Gas-powered Cars by 2030

The move by Washington state to stop sales of gas-powered cars comes as efforts to boost adoption of electric vehicles are accelerating over concerns about fossil fuels’ contribution to climate change.

April 16, 2021

Investment , Exploration & Production , Legislation

Joe Biden’s Clean-up Plan for Orphaned Oil Wells Slammed

Critics accuse the $16 billion provision in Biden’s proposed infrastructure package to plug abandoned oil wells across the U.S. of being a bailout for the oil and gas industry.

April 15, 2021

Legislation , International

Mexico’s Lower House Approves Contentious Oil Legislation

The initiative is part of President Andres Manuel Lopez Obrador’s efforts to strengthen state influence over the energy market at the expense of private capital.

April 15, 2021

Exploration & Production , Legislation

Bipartisan Senate Bill Would Direct Billions to Plugging Wells

Amount is nearly the level in President Biden’s infrastructure plan.

April 14, 2021

Business , Legislation

Energy Policy Watch: Texas Railroad Commissioner Remembers Call for Prorations, Winter Storm

Hart Energy and Cornerstone have teamed up to bring you Energy Policy Watch. In this first installment, host Jack Belcher talks to Texas Railroad Commissioner Christi Craddick about the Railroad Commission’s actions in unprecedented times and lays out a vision for meeting oil and gas policy challenges of the future. 

April 12, 2021

Policy & Regulations , Legislation , Infrastructure

Manchin, Flexing Political Muscle, Leaves Senate Democrats in Lurch

West Virginia senator walks a political tightrope with infrastructure bill’s push against fossil fuels.

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

Investment , Exploration & Production , Legislation , Health, Safety & Environment

US House Bill Seeks $8 Billion for Abandoned Oil and Gas Well Cleanup

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.

April 8, 2021

Business , Exploration & Production , Legislation , Energy Transition

Biden Tax Plan Swaps Fossil Fuel Subsidies with Clean Energy Incentives

Unwinding tax breaks on fossil fuel companies could face opposition from Biden's fellow Democrats in the U.S. Congress from energy-producing states.

April 8, 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