Morning Consult Energy will be off for the rest of the week for the Thanksgiving holiday. The newsletter will resume on Monday.
Today’s Top News
The Group of Seven is expected to unveil the price cap for sea-borne Russian crude exports as soon as today, according to a source familiar with the discussion, as the nations aim to apply the cap on Dec. 5 in an effort to put a dent in Russia’s revenues amid the war in Ukraine. (Reuters) Meanwhile, the European Union is considering a price cap between $65 to $70 per barrel, according to people familiar with the matter, a price higher than has been suggested in earlier proposals. (Bloomberg)
ConocoPhillips agreed to a significant 30% stake in Sempra Energy’s proposed Port Arthur liquefied natural gas export facility, as Sempra aims to have a financial investment decision for the first phase of the project by the first quarter of 2023. The deal also includes a 20-year sale and purchase agreement for 5 million metric tons per annum of liquefied natural gas. (Bloomberg)
Gov. Kathy Hochul (D-N.Y.) signed a two-year moratorium on new permits for fossil fuel power plants that power cryptocurrency mining operations, the first of its kind in the nation, in a win for environmentalists who had pushed for the law this past year. The state Department of Environmental Conservation will also study the environmental impacts of the cryptocurrency mining industry as part of the legislation. (Politico)
The Biden administration will award $550 million through the Energy Efficiency and Conservation Block Program, which aims to help state, local and tribal governments fund community-based clean energy initiatives. (The Hill)
The White House today released the latest version of an online mapping tool intended to help funnel billions of federal dollars to disadvantaged communities, incorporating new metrics like historic redlining, wildfire risk and proximity to abandoned mines.
The U.S. Securities and Exchange Commission on Tuesday charged Goldman Sachs Asset Management with failing to follow its policies and procedures involving environmental, socially oriented and other investments, and fined the company $4 million.
On the southern edge of New Mexico’s largest city is a Hispanic neighborhood that used to be made up of a patchwork of family farms and quiet streets, but industrial development has closed in over the decades, bringing with it pollution.
One of the highlights of the highly anticipated UN climate change convention last week was the ambitious emissions targets announced by Mexico, delivered proudly by the nation’s foreign secretary Marcelo Ebrard alongside US special presidential envoy John Kerry.
Salty water gurgles quietly through a pipe across a dry lakebed and into a Caribbean-blue pond. It’s carrying an element that is crucial to the electric car revolution and, suddenly, one of the world’s hottest commodities: lithium.
The nation’s drinking water and wastewater systems are warning that a nationwide rail strike could snarl shipments of critical chemicals like chlorine and imperil their ability to provide safe drinking water and sewage services across the nation.
After just six weeks of intense bombing of energy infrastructure, Russia has battered Ukraine to the brink of a humanitarian disaster this winter as millions of people potentially face life-threatening conditions without electricity, heat or running water.
A new water line will deliver something that residents of a rural Pennsylvania community have gone without for the last 14 years — a clean, reliable supply of drinking water — after a public utility on Tuesday released the first details of a plan to mitigate the damage that a gas driller is charged with causing.
The United States is looking to crack down on environmental criminals behind surging deforestation in the Brazilian Amazon, using penalties such as Magnitsky sanctions to tackle climate change more aggressively, U.S. sources and officials told Reuters.
Manatees that are dying by the hundreds mainly from pollution-caused starvation in Florida should once again be listed as an endangered species, environmental groups said Monday in a petition seeking the change.
The announcement that climate negotiators at COP27 have agreed to establish a global fund to compensate poorer nations for damage wrought by climate change was hailed as a major accomplishment by climate activists. It might instead prove a major boost to anti-green populist parties worldwide.
Plastic pollution has caused significant environmental and health challenges. Corporations that contribute to the manufacture, use, and distribution of plastics can play a vital role in addressing global plastic pollution and many are committing to voluntary pledges.