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.

January 18, 2022

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.

January 14, 2022

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.

January 14, 2022

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.

January 13, 2022

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.

January 11, 2022

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.

January 11, 2022

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.

January 11, 2022

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.

January 7, 2022

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.

December 21, 2021

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.

December 21, 2021