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Institutional Investors Group on Climate Change Publishes Net Zero Standard for Oil & Gas
April 21, 2023
Institutional Investors Group on Climate Change (IIGCC) has published a Net Zero Standard for Oil & Gas, a new framework for investors to assess alignment of oil and gas companies’ transition plans with a 1.5 degree C climate scenario. The
Chemours, TC Energy Sign MOU for Development of Two Clean Hydrogen Production Facilities, W.Va.
April 21, 2023
The Chemours Company and TC Energy have executed a memorandum of understanding (MOU) for the potential development of two electrolysis-based hydrogen production facilities at or near Chemours’ Washington Works and Belle manufacturing sites in West Virginia. The MOU supports the
Tellurian Plans $1 Billion Sale-Leaseback of Property for Flagship Driftwood LNG Project
April 20, 2023
Tellurian, a Houston-based liquefied natural gas company, plans to sell the land for its proposed Driftwood LNG terminal in Louisiana for $1 billion and lease it back. On April 4, the Houston company entered into a binding letter of intent
House Republicans Slam Secretary Haaland in Tense Hearing
April 20, 2023
Interior Secretary Deb Haaland’s appearance before the House Natural Resources Committee Wednesday morning was her toughest hearing yet this year, with Republicans eager to question her about the Biden administration’s energy agenda. Questioning got so heated at one point that
Department of State, USAID Launch Call for Concept Proposals for Blended Finance Energy Transition
April 20, 2023
The Department of State, in partnership with USAID, has launched the Blended Finance for the Energy Transition (BFET) program by issuing an initial request for concept proposals for private sector-led blended finance structures. Reducing greenhouse gas emissions while addressing growing
Permian in Spotlight as Energy Dealmaking Gathers Steam
April 20, 2023
Companies with a focus on the oil-rich Permian basin are likely to be at the center of the next wave of consolidation in the U.S. energy sector as favorable oil prices prompt cash-rich drillers to tap into the largest source
Former Siemens CEO Joe Kaeser Joins EIG as Senior Advisor
April 19, 2023
EIG said Joe Kaeser, former president and chief executive officer of Siemens, has joined EIG as senior advisor. In this role, Kaeser will provide strategic counsel to the firm’s leadership team on matters related to global energy markets, with an
Proposed Legislation Threatens to Limit Oil & Gas Industry in Colorado
April 19, 2023
A new bill just introduced in the Colorado House of Representatives threatens to “functionally prohibit new permitting for most industrial processes in the state,” the Colorado Oil and Gas Association and the American Petroleum Institute Colorado asserted on Friday. House
Chevron Canada Voluntarily Relinquishes Offshore Permits on Canada’s West Coast
April 18, 2023
Chevron Canada Limited is voluntarily relinquishing 19 offshore oil and gas permits on Canada’s west coast within the Scott Islands marine National Wildlife Area and the Hecate Strait and Queen Charlotte Sound Glass Sponge Reefs Marine Protected Area (MPA). “Chevron
Pennsylvania to Get $6 Million in Grants for Climate Change Planning from EPA
April 18, 2023
The federal government is giving Pennsylvania a down payment to plan how to best adapt to and mitigate climate change locally. In Harrisburg on Friday, state and federal officials said Pennsylvania will get about $6 million to create priority climate
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