Although there is no formal definition of Environmental, Social, and Governance (ESG) criteria, it is widely accepted as a system to mitigate risks and impact a company's corporate interests. Many companies have implemented ESG strategies as a means of adhering to internal and external pressures from stakeholders.
Over time, ESG...
Automakers are betting big on electric vehicles (EVs), backed by government pledges to phase out the sale of internal combustion engine (ICE) vehicles in favour of the less polluting EVs. And demand has been rapidly increasing as the market becomes more competitive, making EVs more affordable. However, there has...
Despite Biden’s highly-touted trip to Saudi Arabia just last month, leaders of the oil-rich nation are already proposing cuts in production to stabilize global supply and demand. Biden made the trip to secure a boost in production and the Whitehouse made a show of highlighting what they deemed as...
In recent years, the global push to make energy operations cleaner was accelerated during the pandemic when the international community saw the possibilities of a world curbing its oil and gas consumption. In response, energy firms have been quick to invest in, and promote, their ESG initiatives to show...
The Department of Energy recently announced the plan to replenish the Strategic Petroleum Reserve with a meager 6 million barrels. After draining the SPR to record lows in 2022, this plan seems far short of what many consider an appropriate emergency supply. This stage of Biden’s three-part plan to...
US Treasury Secretary Janet Yellen recently concluded a four-day summit with Chinese officials sternly warning that Washington will not allow Chinese imports to threaten US jobs in new industries. Yellen ended the visit by urging Beijing to temper excess industrial capacity.
Although the talks' focus centered on new industries, such...
This Earth Day, the Biden Administration announced an array of policy aims and funding initiatives to support the government’s work towards a green transition. President Biden announced a $7 billion investment in Solar for All Grants to deliver residential solar systems aimed at saving low-income households $350 million a...
The Environmental Protection Agency (EPA) announced a delay in the restrictions proposed on CO2 emissions until after the 2024 presidential elections. EPA administrator, Michael Regan, made the decision to delay imposing restrictions until they can be thoroughly reviewed and reconsidered.
While many have called the EPA's proposed restrictions excessive and...
Congress may have just opened more doors for energy firms looking to develop their green hydrogen sectors by passing a bill that makes renewable energy more attractive. Tax credits for hydrogen production could see the U.S. develop this part of its energy industry, which is currently falling behind Europe...
Over the past few decades, China has increased its renewable energy program dramatically. Impact: China now leads the world in renewable energy production and renewable energy production technology.
Historically, China has not led the charge in renewable energy, holding some of the world’s most polluted cities. So, what changed? Why...
