GCaptain (July 11)
“The hurdles African countries face in transitioning to gas or green energy mean millions of people are burning dirtier fuels such as charcoal instead, breathing in deadly fumes and generating more emissions. The IEA estimates that the number of people in sub-Saharan Africa without access to clean cooking fuel will grow by 6% a year from 2020 to 2030.”
Tags: Access, Africa, Breathing, Burning, Charcoal, Clean, Cooking fuel, Deadly fumes, Dirtier, Emissions, Gas, Green energy, Hurdles, IEA, Transitioning
Investment Week (June 22)
“UK inflation has hit another 40 year high of 9.1% in May, up from 9% in April. The slight increase from already record high inflation rate came largely from rising food and non-alcoholic beverage prices,” while gas and diesel prices rose to “the highest on record.” The “top financial priority” for 58% of UK adults is now “day to day costs, like paying bills and for food.”
Wall Street Journal (June 3)
“Russia’s invasion of Ukraine calls into question the wisdom of the environmental, social and governance movement’s policy centerpiece: restricting oil and gas investment.” Moreover, “the coordinated effort to depress oil and gas production is potentially a violation of American antitrust law. This combination of bad policy and legal risk will likely” cause the movement to “lose much of its support.”
Tags: Antitrust law, Coordinated, ESG movement, Gas, Invasion, Investment, Legal risk, Oil, Policy, Production, Restricting, Russia, Support, U.S., Ukraine, Violation
Deutsche Welle (March 25)
Before the war in Ukraine, “Germany received 50% of its coal, 55% of its gas, and 35% of its oil from Moscow.” The country now plans “to almost completely end Russian energy imports by the end of the year.” Achieving the plan means “a considerable amount of progress would be made in a short space of time, as the West is rushing to wean itself off Russian energy amidst the invasion of Ukraine.”
New York Times (March 9)
“A week after a chorus of Western executives from Exxon Mobil, BP, Shell and other companies… pledged to pull their companies out of Russian ventures, it appears the turbulence for Russia’s energy industry has only begun.” The industry now looks poised to undergo a “wrenching reworking…. because Russian oil and gas have suddenly become toxic to many buyers.”
Tags: BP, Energy, Exxon Mobil, Gas, Oil, Pledged, Reworking, Russia, Shell, Toxic, Turbulence, Ventures, Western, Wrenching
Wall Street Journal (March 3)
“How in the world did Europe leave itself so vulnerable to Vladimir Putin’s energy extortion?” Less than two decades ago, EU nations “produced more gas than Russia exported. Yet European production has plunged by more than half over the last decade” while Russia “happily filled the supply gap.”
Tags: Energy extortion, EU, Europe, Export, Gas, Plunged, Production, Putin, Russia, Supply gap, Vulnerable
CNBC (October 28)
In what may prove a seminal for Big Oil, activist Dan Loeb is “calling for the breakup of Royal Dutch Shell into a legacy oil and gas company and separate business for renewable energy.” The activists battle with Shell lies “at the heart of how an energy giant of the future shapes its business model during the energy transition and balances higher return fossil fuel projects with clean energy investment.”
Tags: Activist, Big oil, Breakup, Business model, Clean energy, Dan Loeb, Fossil fuel, Gas, Legacy, Oil, Renewable energy, Royal Dutch Shell, Transition
The Guardian (September 28)
“Queues at the petrol pumps are never a good look for a government. They are especially bad in a pandemic, when so many people already have reason to feel anxious.” Panic buying comes natural after “gas price rises that have led to around 2m households losing their energy supplier” and “empty shelves in supermarkets…. There is a palpable sense that Britain is careering from one crisis to another.”
Tags: Anxious, Careening, Crisis, Empty shelves, Energy, Gas, Government, Households, Pandemic, Petrol, Prices, Queues, Rises, Supermarkets
Houston Chronicle (July 15)
“The $3.5 trillion budget proposed by top Democrats represents the biggest move yet by President Joe Biden to attack climate change, including provisions such as clean energy standards for power grids, fees on methane emissions from oil and gas drilling, and increased incentives for electric cars.” If enacted, the legislation, “would set in motion a historic shift from fossil fuels and deliver a blow to the oil and gas producing regions across Texas, which have powered the nation’s economy for a century.”
Tags: $3.5 trillion, Biden, Clean energy, Climate change, Democrats, Drilling, Emissions, EVs, Fees, Fossil fuels, Gas, Historic, Methane, Oil, Power grids, Shift, Texas
Houston Chronicle (May 19)
“The International Energy Agency, the body that advises governments on energy and is widely respected among politicians of all stripes, warned Tuesday that nations need to halt oil and gas development this year if they are to meet their target of net-zero greenhouse gas emissions by 2050 and avoid catastrophic climate change.”
