Exxon sets ‘net zero’ emissions goal from operations by 2050

Exxon sets ‘net zero’ emissions goal from operations by 2050

This post was originally published on this siteExxonMobil announced Tuesday a goal of net-zero emissions from operations by 2050, but did not make a similar commitment for consumer emissions, which represent the majority of the oil giant’s output.“We are developing comprehensive road maps to…

Read more
Texas Earthquakes Prompt New Fracking Rules

Texas Earthquakes Prompt New Fracking Rules

This post was originally published on this siteFrackers will have to find a new home for wastewater as the state acts to stem rising seismic activity, adding to drillers’ costs.

Read more
Fossil fuel subsidies are proving harder to end than first thought

Fossil fuel subsidies are proving harder to end than first thought

This post was originally published on this sitePresident Biden campaigned on ending oil and gas industry subsidies. But getting rid of them requires passing legislation. A bill eliminating the overseas drilling subsidy is stalled in Congress.

Read more
Exxon to Continue Leaner Spending as Covid-19 Threat Lingers

Exxon to Continue Leaner Spending as Covid-19 Threat Lingers

This post was originally published on this siteThe Texas oil giant said it is sticking to decreased spending levels for years to come as the outlook for oil and gas demand remains murky while coronavirus-led economic risks persist.

Read more
Why the Biden administration is reopening oil and gas leasing in the Gulf of Mexico

Why the Biden administration is reopening oil and gas leasing in the Gulf of Mexico

This post was originally published on this siteOne of President Joe Biden’s boldest environmental campaign promises was to ban new oil and natural gas leasing on public land and water. But on Wednesday his administration will open more than 80 million acres in the Gulf of Mexico to auction for...

Read more
Despite climate change promises, governments plan to ramp up fossil fuel production

Despite climate change promises, governments plan to ramp up fossil fuel production

This post was originally published on this site A new study by the United Nations shows that the world’s governments plan to carry on using coal, gas, and oil — despite promises made under the 2015 Paris Agreement to limit global warming. (Image credit: Tony Gutierrez/AP)

Read more