Drilling
The timing of the Amazon licence’s announcement so close to COP30 has been highly criticised.
Weak market conditions, tariffs, and water problems are hobbling industry operations in the Permian basin, a new survey by the Dallas Federal Reserve shows.
Trump has vowed to undo Biden-era climate programmes. Republicans are considering savage cuts to clean energy programmes that could drive up electricity costs and lead to higher emissions.
Drilling activity is expected to slow, and job losses will begin to mount as demand craters.
Deepwater drilling for oil and gas is gaining a fresh foothold in Argentina, defying climate warnings and predictions for falling demand.
A 75 percent decline in natural gas prices since last year’s peak has the U.S. drilling industry bracing for a slowdown.
The lawsuit claims the federal government’s auctioning off of public lands for oil and gas is illegal in light of the climate crisis.