EPA Focuses on Oil, Gas Producers’ Emissions, Raises Spill Penalties
The U.S. Environmental Protection Agency continues to lay down the law on oil and gas emissions and raise penalties for failure to have adequate spill control measures.
Bingo: BPX Targets Summer Start for Permian Processing Facility
BPX Energy, which operates in the Permian-Delaware, continues to eye the start-up of its second Permian processing facility, Bingo, in the third quarter of 2023.
TotalEnergies Sues Greenpeace Over Emissions Report
Greenpeace and Factor X's emissions report accused TotalEnergies of having emitted about 1.64 Bmt of Co2e in 2019, but only disclosing 455 MMmt in public statements.
OTC: OGCI Raising Second Investment Fund for Decarbonization
The Oil and Gas Climate Initiative, formed by 12 oil and gas majors, is now attracting more E&Ps and service companies.
Netherlands to Spend $31 Billion in Drive to Meet 2030 Climate Goals
New emissions reduction measures aim for a 60% decrease by 2030, in order to meet 55% target
Latin America Accounts for Just 8% of World’s GHG Emissions: White Paper
Latin America only contributed 8.3% of the world’s total GHG emissions annually, however, less than half of these emissions are derived from energy use, the IGU, OLADE and ARPEL said in a recent white paper.
Two Advisories Recommend BP Investors Oppose Activist Climate Resolution
Investor advisories ISS and Glass Lewis are against activist group Follow This' push for carbon emissions cuts by 2030 in line with the Paris climate deal.
E&Ps Eye RSG Certifications to Lower Emissions, Attract Buyers
Experts say the certification process takes plenty of effort and data, but the work is worth it as RSG becomes more attractive to utilities, international buyers and investors.
Making Clean Power in US Gets Pricier on Average But Cheaper for Big Firms, Lazard Finds
The amount a developer needs to charge for power when factoring in expenses like building and maintenance has been decreasing for the past 15 years, according to research from investment bank Lazard.
Commentary: Capital Markets Don’t Care What We Think About ESG
Whether the energy industry likes it or not, ESG data and disclosures are becoming deeply embedded within capital access, and now, even insurance.