Legislation

Business , Exploration & Production , Legislation

UK Tax Plan Incentivizes Oil, Gas Producers to Pump More Fossil Fuels

Tax bills for oil and gas producers, including the new additional 25% levy on profits, can be reduced significantly with higher investment specifically in oil and gas projects.

May 27, 2022

Legislation , Emissions

US Supreme Court Rebuffs Republican-led States on Greenhouse-gas Policy

The action by the justices in a brief unsigned order boosted President Biden’s efforts to factor the risks of global warming into federal decision-making.

May 26, 2022

Business , Legislation , International

UK Imposes 25% Energy Windfall Tax as Energy Bills Surge

Shares in oil majors BP Plc and Shell Plc, which are global companies and so less affected by U.K. policy, touched session lows after the announcement, but recovered and were up more than 1%.

May 26, 2022

Legislation , Trucks

Exxon Challenges California County's Denial of Oil Trucking Permit

Exxon asserts that the board's action effectively prevents the company from restarting three offshore drilling platforms and refinery operations shut down.

May 16, 2022

Legislation , Emissions

Canada in Talks With Heavy Emitters to Cement Future Carbon Price Hikes

Some sands producers say lack of pricing certainty has held them back from making significant investments in emission reduction projects like carbon capture and storage.

May 13, 2022

Exploration & Production , Legislation , Lease Sales

US Scraps Three Offshore Oil and Gas Drilling Auctions

The three sales were the last to be held under a 5-year plan for leasing in federal waters on the outer continental shelf. That plan expires in June, and the Biden administration has not finalized a new program.

May 12, 2022

Legislation , Infrastructure , Midstream

Alberta Court Rules Canada’s Environmental Impact Law Unconstitutional

The Alberta Court of Appeal said the Impact Assessment Act (IAA), which assesses how major infrastructure projects in Canada like pipelines impact the environment, was a “classic example of legislative creep.”

May 11, 2022

Investment , Liquefied Natural Gas (LNG) , Natural Gas , Trade , Legislation , International , Tankers , Pipelines

War’s Scrambling of Gas Markets May Prompt Investors to Return to Energy

Europe’s rejection of Russian natural gas could translate into a boom in infrastructure to meet demand.

May 10, 2022

Legislation

US Senate Committee Passes Antitrust Bill Pressuring OPEC

If the bill passes the full Senate and House, the U.S. attorney general would gain the ability to sue OPEC or its members in federal court.

May 5, 2022

Legislation , Energy Transition

White House: US to Spend More than $3 Billion on EV Battery Manufacturing

President Joe Biden wants half of vehicles sold in the U.S. to be electric by 2030.

May 4, 2022