If finalized, the new oil drilling rules unveiled by California Governor Gavin Newsom on Oct. 21 would be the most stringent of any state in the nation, topping Colorado’s setback requirement approved last year.
This approval allows RTE to commercially capture (dehydrate and compress) and inject the 180,000-metric-ton-per-year CO2 stream into the Broom Creek Formation on RTE property for permanent geologic CO2 storage.
Democratic Senator Joe Manchin has been an outspoken critic of the bill, saying it spends too much taxpayer money and contains climate change provisions that would hurt his state’s coal mining industry.
British Prime Minister Boris Johnson presented his net-zero strategy on Oct. 19 that aims to secure 440,000 jobs and unlock $124 billion of private investment by 2030.
White House staffers are revising the legislation due to strong opposition from Senator Joe Manchin, the centrist Democrat from coal-rich West Virginia whose vote is crucial to its passage.
The pledge to block the royalty proposal in committee and the full Senate is the latest example of Manchin's newfound role as a legislative powerbroker in the evenly divided chamber.
With a rigorous regulatory and environmental framework, here’s why oil and gas producers in the Centennial State have a key role to play in the “clean energy future,” according to Dan Haley, CEO of the Colorado Oil and Gas Association.
The carbon sequestration tax credit, which rewards industries for installing equipment to capture CO₂ emissions and store them underground, is a crucial part of the “Build Back Better” bill being crafted in Congress.
A Scottish court handed BP a win over Greenpeace on Oct. 7 after the environmental group tried to void the energy company's license to exploit a North Sea oil field, saying the climate impact of the end-use of oil should not affect permits.
U.S. prosecutors are probing suspected manipulative behavior by individual traders when submitting those deal prices to Platts' price assessments for oil and other energy benchmarks.