On November 15th, all eyes were on the G20 Summit where news that the meeting between Presidents Biden and Xi had been broadly positive–including instructions for officials to re-engage on climate change–along with the announcement of funding to help Indonesia move away from reliance on coal-fired energy, served as a welcome boost to the mood in Sharm.
Fossil Fuels
Highlights from COP 27: Decarbonization Day
By Thomas Reilly on
Posted in ESG, International Climate Efforts
The day started with the gloomy release of the Global Carbon Project Report which concluded that 2022 was the highest ever emitting year, with increased coal use in India and increased airline use in the U.S. as the main culprits. UN projections are that global emissions must peak by 2025 and halve by 2030 if the world is to meet the 1.5 degree ambition agreed at the Paris COP in 2015 (emissions in 2022 are more than 5% higher than in 2015).…
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New Administration’s “America First Energy Plan” Touts Fossil Energy Production; Omits Plans for Electricity Sector
By W. Andrew Jack on
As expected, with the inauguration of President Trump all Obama Administration content on the White House website has been replaced with content of the new Administration. The new content includes “An America First Energy Plan”, the entire focus of which is national security and job creation benefits of the Administration’s “embrace” and promotion of…
EPA Proposes New Power Plant Carbon Dioxide Emissions Rules
By Thomas Brugato on
Posted in Oil & Gas Policy
EPA has formally proposed restrictions on carbon dioxide emissions from new power plants, which include a requirement that new fossil fuel-fired plants implement partial carbon capture and sequestration. EPA published the proposal in the Federal Register on January 8, 2014. 79 Fed. Reg. 1,430 (Jan. 8, 2014). Comments on the proposal are due by…