The combustion of fossil fuels produces 83 percent of global CO₂ emissions. In a net-zero transition, they would be eliminated through a shift in the energy mix. By 2050, oil production would be 55 percent lower than it is today, and gas production would be 70 percent lower. The production of coal for energy would be all but eliminated.
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Shell reported record earnings for the second consecutive quarter on Thursday, as the energy giant continues to prosper from high oil and gas prices spurred by the war in Ukraine and other factors.
There’s more trouble with the Colonial Pipeline: The nation’s largest gasoline pipeline reported a spill in Tennessee in early July, adding onto more than a year of public problems with the company, from a catastrophic hacking to being responsible for the largest gasoline spill in decades.
The U.S. government this week is holding its first onshore oil and natural gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries.
President Biden’s top aides are weighing whether to ban new oil and gas drilling off America’s coasts, a move that would elate climate activists but could leave the administration vulnerable to Republican accusations that it is exacerbating an energy crunch as gas prices soar.
Five-Year Offshore Oil and Gas Leasing Program: Status and Issues in Brief
Congressional Research Service 1
nder the Outer Continental Shelf Lands Act (OCSLA), as amended,1 the Bureau of Ocean
Energy Management (BOEM) within the Department of the Interior (DOI) must prepare
and maintain forward-looking five-year plans—referred to by BOEM as national
programs or five-year programs—to schedule proposed oil and gas lease sales on the U.S. outer
continental shelf (OCS).
This has been a week when a rift seemed to develop among global political leaders regarding the “incredible” energy transition agenda. It’s a rift that once again shows us that political elites who don’t have to suffer the consequences of their own policy actions are the wrong class of people to be in charge of making energy-related decisions for the masses.
President Biden can use his legal authority to transition the U.S. away from oil, gas, and coal by aligning the federal leasing program with his climate and environmental justice commitments…
The federal fossil fuel leasing program is at odds with President Biden’s commitments to tackling climate change and environmental injustices, according to a report shared exclusively with The Climate 202 before its public release…