This post was originally published on this siteDec 9, 2021 (Bloomberg) Pennsylvania is in the final stages of approving a new rule that would crack down on methane emissions from older oil and gas infrastructure, while exempting a vast number of low-producing wells.The rule would be a significant change for producers in the state, which is […]

This post was originally published on this siteDec 10, 2021 (Bloomberg) Royal Dutch Shell Plc shareholders approved the relocation of the company’s headquarters to London from The Netherlands, a move that will help it to boost returns while transitioning to clean energy. A “resounding” 99.8% of votes cast by investors were in favor of the

This post was originally published on this siteNEW YORK, Dec 9 (Reuters) – A bipartisan group of eight members of Congress, including six from Texas, warned U.S. President Joe Biden in a letter on Thursday not to halt U.S. oil exports to try to lower gasoline prices for American motorists. The group said it was

This post was originally published on this siteBy Ari Natter Dec 8, 2021 (Bloomberg) A Biden-backed proposal to give an extra tax break for the purchase of electric cars made in the U.S. with union workers will undergo a review by the Senate parliamentarian who will determine whether it qualifies under budget rules to move as

This post was originally published on this siteDec 9 (Reuters) – U.S. natural gas futures held mostly steady on Thursday as a bigger than expected storage withdrawal and hiked forecasts for U.S. demand over the next two weeks offset a 3% decline in European gas prices. The U.S. Energy Information Administration (EIA) said U.S. utilities

This post was originally published on this siteDec 9, 2021 (Bloomberg) –Investors face an historic opportunity to put their money into renewable energy assets given the global consensus that now exists around the urgent need for decarbonization, according to Brookfield Asset Management Inc.“The market opportunity is truly massive,” Connor Teskey, chief executive of renewable power

This post was originally published on this siteDec 9, 2021 Oil fell after three days of gains as traders weighed mixed signals on how the omicron variant of the virus may impact fuel demand. Futures slipped under $72 a barrel in New York, having climbed more than 9% over the prior three sessions. While lab

This post was originally published on this siteDec 9, 2021 (Bloomberg) –U.S. companies with contracts to buy only renewable power are still relying heavily on fossil fuels because of a lack of clean-energy supplies, a Columbia University study has shown. American firms have to draw between 20% and 50% of their electricity from regional electric