Oil Archives - Environment + Energy Leader

Hawaiian Electric Co. Targets Nearly 1 GW of Renewables

July 19, 2019November 15, 2019 by Alyssa Danigelis

Hawaiian Electric Companies (HECO) plans to push for nearly 1 gigawatt of renewable energy procurement, replacing power from fossil fuel plants in the state that are set to retire or close.

BP Invests $100 Million in Greenhouse Gas Emissions Reduction Projects

March 28, 2019May 20, 2020 by Alyssa Danigelis

BP created a $100 million fund for projects that reduce greenhouse gas emissions from the company’s oil and natural gas operations. Called the Upstream Carbon Fund, the investment is aimed at generating sustainable GHG emissions reductions across operations.

BP’s Board Agrees To Greater Emissions Disclosure

February 4, 2019May 8, 2020 by Alyssa Danigelis

BP’s board agreed to support a call from institutional investors for the company to broaden its corporate reporting and describe how its strategy is consistent with the Paris Agreement goals.

Four Years after Oil Price Correction, Are Energy Producing States Recovering?

September 27, 2018 by Guest Author

The proliferation of hydraulic fracking to extract oil and natural gas has been one of the most profound drivers of regional-level growth prospects in recent memory. With the oil price correction of 2014, state economies with large energy footprints were hit hard. How are energy producing states faring now?

California’s Largest Solar Energy Project Set for Oil Field

December 4, 2017 by Alyssa Danigelis

California oil and gas producer Aera Energy and solar energy supplier GlassPoint Solar announced plans to build the state’s largest solar energy project, located at the Belridge oilfield west of Bakersfield. The companies say it will be the first of its kind in the world to use solar steam and ... Read more »

DOE Releases 1 Million Barrels of Crude Oil From Emergency Reserve

September 1, 2017 by Alyssa Danigelis

Energy Secretary Rick Perry announced the release of 1 million barrels of crude oil from the federal Strategic Petroleum Reserve in response to refinery outages caused by Hurricane Harvey. With close to half the country’s oil refineries located on the Gulf Coast, the DOE move is intended to help offset ... Read more »

Harvey Update: Refineries Shut Down, Gas Prices Soar, but Ultimate Effects Uncertain

August 28, 2017 by Jennifer Nastu

While the ultimate effects of Hurricane Harvey on the energy industry are still unclear, one thing is certain: the storm has significantly slowed production. Flooding caused by Harvey has forced some of the country’s largest refineries to shut down, including some owned by Exxon Mobil, Shell, Phillips 66 and Petrobras; this ... Read more »

Hurricane Harvey Shakes Up Oil Prices

August 25, 2017 by Alyssa Danigelis

As Hurricane Harvey bears down on Texas, the storm is already affecting oil prices. On Friday morning Harvey remained a fierce Category 2 storm, but it’s forecast to reach Category 3 before making landfall. In anticipation of the storm, oil and gas companies Royal Dutch Shell, Anadarko Petroleum, and Exxon ... Read more »

Oil Transport: Will the Latest Rail Accident Cause the Next President to Look Closely at Keystone?

June 7, 2016June 7, 2016 by Ken Silverstein

Oil companies have had a string of bad news lately. The latest such event is a rail accident that caused a crude oil explosion along Oregon's scenic Columbia river.

Colorado High Court Ruling Gives Corporate Customers a Sigh of Relief

May 5, 2016May 5, 2016 by Ken Silverstein

Colorado's Supreme Court has struck down the ability of local communities in the state to ban hydraulic fracturing. The ruling will keep electricity rates for corporate customers.

Exxon Calls Climate-Related Subpoenas an Assault on its Legal Rights

April 15, 2016April 14, 2016 by Ken Silverstein

ExxonMobil Corp. will fight against a subpoena to try and see exactly what it has known about the effects of climate change, saying that the legal maneuver is an all-out assault on its constitutional rights. That’s what the Wall Street Journal is reporting, noting that Exxon is calling the efforts ... Read more »

States Use Energy Resource Permanent Funds for Various Purposes

May 1, 2015 by Karen Henry

Eight states have permanent funds primarily funded by oil, coal or natural gas tax revenues, according to the US Energy Information Administration (EIA). These funds are set aside by national, state and local governments for strategic or long-term use. Similar to an endowment, states typically only spend the earnings and ... Read more »

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