US & Canada

Analysis

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shareholder activism

ExxonMobil lawsuit signals turning point in climate shareholder activism

The ExxonMobil lawsuit represents a first of its kind but is happening against the backdrop of a wider pushback against climate activism by energy companies.

U.S. gas prices drop to multi-decade lows, forcing drilling rein-in

U.S. gas prices plunged below $2/MMBtu this winter, largely because of warm weather. Gas companies unable to turn a profit are slashing drilling plans.

Venezuela

Venezuela locks in Caribbean oil, gas despite fresh sanctions risk

Venezuela is poised to lock in oil and gas supply to Caribbean neighbours in spite of a flare-up in tensions with the United States, which is threatening to restore crippling sanctions on Caracas.

Biden slams brakes on new U.S. LNG approvals

The White House said it was freezing permit approvals for all new proposed U.S. LNG export projects, citing a need to overhaul the regulatory process. Climate groups called it a “massive win.”

US LNG

New wave of U.S. LNG could be delayed by Biden

There is commercial momentum for another half dozen U.S. LNG projects, according to analysts. But environmental groups are ratcheting up the pressure on President Biden to halt new permits.

Calcasieu Pass LNG

Chronic air pollution at Calcasieu Pass LNG on U.S. Gulf

Venture Global’s Calcasieu Pass LNG facility continues to spew air contaminants into the atmosphere as operational problems persist. The company wants to build more LNG terminals nearby.

News

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أخبار

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U.S. SEC finalises new climate disclosure rules

The climate disclosure requirements are far weaker than originally outlined by the financial regulator two years ago.

U.S. LNG

Biden steps up scrutiny of U.S. LNG, new projects risk delay

According to The New York Times, the Biden administration is set to announce a major review of how it permits new U.S. LNG projects, potentially delaying more than a dozen proposed facilities for a year or more.

EPA announces proposed methane emissions fee

The highly-anticipated policy will charge drillers for excess methane emissions.

Biden breaks campaign promise with federal lands lease sale

Constrained by a court decision, the Biden administration said it would auction off land for new oil and gas drilling. But climate activists see the move as backtracking on climate progress

Long Reads

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تحقيقات

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LNG expands on Louisiana’s vanishing coastline

Already scarred by climate change, southwest Louisiana is on the frontlines of the rush to build new LNG.

Louisiana LNG

Louisiana LNG could be “nail in the coffin” for local fishermen

Commercial fishing in southwest Louisiana is already facing hard times. But the rush to build Louisiana LNG export terminals may put an end to a once-vibrant industry.

Woodfibre LNG

Canada’s Woodfibre LNG rests on shaky financial prospects

The proposed Woodfibre LNG project has seen costs soar, and is not competitive with larger LNG projects on the U.S. Gulf Coast, despite generous public subsidies. Critics say it will not offer the economic benefit for which British Columbia is hoping.

Woodfibre LNG

Woodfibre LNG in Canada threatens UNESCO reserve

The scenic Howe Sound, in British Columbia, has seen a stunning improvement in marine life. But this “success story” is under threat from the proposed Woodfibre LNG project, critics say.

Texas LNG

Texas LNG buildout rests on unproven CCS claims

A major Texas LNG project is promising to be the “greenest” LNG project in the world. But critics say it rests on ‘speculative’ and unproven carbon capture and sequestration technologies.

Texas LNG

Coastal residents fear South Texas LNG buildout

While much of the Texas coast is inundated with oil and gas infrastructure, the southern coast remains largely untouched by heavy industry. That could change with big plans for Texas LNG export terminals.