Not all in the industry are in favor of the Trump administration’s rollback, and the expected litigation will put operators into limbo again.
Methane accounts for about 10% of U.S. greenhouse-gas (GHG) emissions. Of this, one-quarter is from the natural gas industry.
The Massachusetts senator said she would sign an executive order on her first day in office for a "total moratorium on all new fossil fuel leases including for drilling offshore and on public lands."
If no new climate policies are implemented, oil demand could plateau at around 110,000 MMbbl/d from around 2030, according to the study.
Investors say the IEA’s benchmark energy forecasts are not in line with the latest climate science.
Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on March 20, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory.
An underlying theme of this year’s conference, whether by design or accident, certainly became about climate change and practical solutions to a polarizing problem.
Program to cut emissions from natural gas infrastructure from 2010 levels builds on company’s prior efforts.
More investors have been pressuring San Ramon, Calif.-based Chevron and other big oil companies to reduce emissions that contribute to climate change.