Who should be responsible for plugging abandoned oil and gas wells, Big Oil, or the government and taxpayers? That’s the question being raised as the U.S. faces an increasing abandoned oil well […]
Moody’s: Oil Industry Must Spend $542 Billion To Avoid Supply Shock
Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock, Moody’s said in a […]
U.S. EIA Projects Nearly 50% Increase in World Energy Use by 2050, Led by Growth in Renewables
In our International Energy Outlook 2021 (IEO2021) Reference case, we project that, absent significant changes in policy or technology, global energy consumption will increase nearly 50% over the next 30 years. Although petroleum and […]
Fed’s Brainard Signals Climate Change Guidance May Be Coming for Big Banks
Lael Brainard, a Federal Reserve governor, said officials are building climate scenarios for bank stress tests. via NYT > Climate and Environment https://ift.tt/3uQBeXc
The Cost Of Renewables Continues To Plummet
A new report claims the cost of renewable energy will continue to fall. via CleanTechnica https://ift.tt/3FjfsjP
IEA: $1.2 trillion in low-carbon hydrogen funding needed to reach global net zero emissions by 2050
Dive Brief: Global electrolyzer capacity for producing hydrogen could reach up to 89 GW by 2030 thanks in part to $37 billion in government spending and $300 billion in private sector investments, […]
The Real Reason OPEC+ Refused To Boost Production Further
A year ago, the oil industry was struggling to stay afloat, with OPEC producers being told they were becoming increasingly irrelevant in a world set on a renewable energy path. Fast forward […]
Energy Prices Spike as Producers Worry Over Pandemic and Climate
Even as more costly fuel poses political risks for President Biden, oil companies and OPEC are not eager to produce more because they worry prices will drop. via NYT > Business > […]
France Jumps Above 20% Plugin EV Share In September
France, Europe’s second largest auto market, saw plugin electric vehicle share jump up to a record 21.5% in September, over twice the 10.6% share seen a year ago. Diesel was down to […]
Wind leads new U.S. generating capacity for third straight quarter
Originally published on ILSR.org Nearly seven gigawatts of new power generation capacity came online in the second quarter of 2021. Renewable energy generation capacity growth was comparable to last quarter, while new fossil […]
Prometheus Institute 