California Gov. Gavin Newsom (D) has announced plans to ban new permits for fracking starting in 2024, which would be instituted by the state’s Department of Conservation, in an apparent reversal of the governor’s previous statements that he does not have the executive authority to ban the controversial practice. Newsom also called on the California Air Resources Board to evaluate how to phase out all oil extraction by 2045. (Los Angeles Times)
A global assessment has found that reducing methane emissions will be critical in the short term to mitigate the worst impacts of climate change, according to a soon-to-be-released United Nations report seen by a media outlet. It pinpoints the fossil fuel industry as having the most potential to cut methane emissions at low cost, and says that expanding the use of natural gas without advances in carbon-capture technology is unlikely to be compatible with achieving the goals of the Paris Agreement. (The New York Times)
According to special climate envoy John Kerry, President Joe Biden is considering the use of a border adjustment tax to encourage other countries to cut their carbon emissions. The mechanism would essentially impose a levy on imports from countries with less strict climate rules and disincentivize companies from moving their operations to those countries. (Bloomberg)
Environmental Protection Agency and U.S. Virgin Islands officials are investigating a second accident at a controversial refinery in St. Croix after it emitted noxious fumes that prompted some schools on the island to close Friday.
U.S. Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde wrapped up a week of international events focused on fighting climate change by renewing their call to financial institutions and investors to mobilize private capital in the effort.
Saudi Arabia will join the United States, Canada, Norway, and Qatar in forming a new platform for oil and gas producers to discuss how they can support the implementation of the Paris Agreement on climate change, the state news agency SPA reported on Saturday.
Energy Secretary Jennifer Granholm on Friday announced new goals to lower the cost of clean energy and other climate change technologies, including reducing the cost of hydrogen and batteries for electric vehicles.
A unit of Samsung C&T Corp is considering developing solar power plants worth $673 million in the U.S. state of Texas, aiming to sell the electricity generated starting December 2023, documents reviewed by Reuters showed.
A report published by the Biden administration on Friday made the case that a failure to adopt clean energy technologies and reduce carbon emissions will contribute to rising economic costs, and warns that the United States has fallen behind in its efforts to develop strategies to combat the effects of climate change.
Attorneys for the Standing Rock Sioux Tribe in North Dakota and South Dakota say the U.S. Army Corps of Engineers unlawfully authorized the Dakota Access pipeline without fully assessing the risks and are asking a judge to shut down the flow of oil while the Corps conducts a second environmental review.
The company is all-in on electric motorcycles, though the financial gearing still isn’t great.
A Message from Williams:
As America’s clean energy partner, Williams is taking bold action to reduce carbon emissions. We’re on track to reduce our emissions 56% by 2030, and net zero by 2050. We are making clean energy happen today by embracing new technologies to reduce methane emissions and we’re already capitalizing on our existing infrastructure to accelerate the next generation of fuel like hydrogen and renewable natural gas. Learn how we’re fueling America’s clean energy future.
Published Friday, the report from think tank Carbon Tracker also predicted that if wind and solar power continued on their current growth trajectory, they would push fossil fuels out of the electricity sector by the mid-2030s.
Brazil’s President Jair Bolsonaro approved a 24% cut to the environment budget for 2021 from last year’s level, according to official numbers published on Friday, just one day after he vowed to increase spending to fight deforestation.
The U.S. Department of Energy (DOE) said it will provide $109.5 million in funding for projects that directly support job creation in communities impacted by the energy transition, particularly for workers and areas struggling due to closures of coal-fired power plants and coal mines.
The world is confronting a climate emergency. Avoiding climate catastrophe requires immediate and dramatic reductions in greenhouse gas emissions that are possible only with a significant investment of public resources in proven mitigation measures, beginning with eliminating fossil fuel use and halting deforestation. Carbon capture and storage, or CCS, and carbon capture, utilization and storage, or CCUS, will not address these core drivers of the climate crisis or meaningfully reduce greenhouse emissions, and should not distract from real climate solutions.
Erin M. Blanton et al., Columbia SIPA Center on Global Energy Policy
The Biden administration’s move to bring the United States back into the Paris Agreement and lower greenhouse gas emissions to address climate change will, if carried through, lead to a reduction in fossil fuel consumption. Cutting back on the burning of coal, oil, and natural gas will be critical to transitioning the country to the lower-carbon energy system it needs to achieve decarbonization targets. But while it may seem counterintuitive, investing more in the domestic natural gas pipeline network could help the US reach net-zero emission goals more quickly and cheap