The dubious economic calculus behind the Willow project
Zoya Teirstein and Jake Bittle, Grist
The ConocoPhillips venture is supposed to secure energy independence and Alaskan prosperity. It probably won’t achieve either.
California regulator probes high winter natural gas prices
The California Public Utilities Commission (CPUC) on Thursday said it began an investigation into why natural gas prices spiked on wholesale markets in December 2022, driving up utility bills for customers.
Biden administration sides with climate lawsuit against fossil fuel companies
Hilary Beaumont, The Guardian
DoJ brief argues Colorado case against energy giants ExxonMobil and Suncor should be heard in state court instead of federal.
State and US officials tout spending to plug ‘orphan wells’
Gerald Herbert and Kevin McGill, The Associated Press
Stacks of valves, networks of pipes and hulking, two-story-tall tanks litter parts of the swampy landscape of Louisiana’s Atchafalaya Basin, rusting relics of sites where oil wells were drilled in the 1970s, an unwanted legacy of the energy industry that has long helped drive the Louisiana economy.
Russia is using old oil tankers to bypass export sanctions, risking spills
Michael Birnbaum, The Washington Post
Russia is using a fleet of older, poorly insured tankers to sidestep Western sanctions on its fossil fuels, raising fears of a potentially catastrophic accident or oil spill as the Kremlin works to finance its invasion of Ukraine, policymakers and environmental advocates said.
OPEC+ views oil price drop as financially driven, delegates say
Alex Lawler et al., Reuters
OPEC+ considers this week’s slide in oil prices to a more than one-year low to be driven by financial fears, not any imbalance between demand and supply, and expects the market to stabilise, four delegates from the oil producer group told Reuters.
Boston seeking to limit fossil fuel use in new buildings
The Associated Press
Boston is pushing forward with plans to discourage the use of fossil fuel in new buildings.