With Q1 and Q2 behind us in 2024, the global investment landscape is experiencing a paradigm shift towards clean technologies, significantly outpacing investments in traditional fossil fuels. The International Energy Agency's (IEA) latest World Energy Investment 2024 report projects total global energy investments to surpass $3 trillion, with a...
On January 1st, a massive 7.6 magnitude earthquake struck a remote Japanese peninsula, causing a wave of devastation along the northwestern coast. In the wake of this disaster, a grim outlook overtook Japan’s recent resurging nuclear activity. While the aftermath and reparations take place, the Japanese people seem less...
The COP29 energy priorities are becoming increasingly clear as the UN climate change conference draws near. Set to take place in Baku, Azerbaijan, in November of this year, COP29 is poised to be a pivotal moment in the world’s climate change strategy. The conference is built on two primary...
The U.S. Green Transition is Really Happening Following Successful Decarbonization in 2023
Felicity Bradstock - 0
Thanks to reduced coal use and successful decarbonization schemes, the U.S. saw a
significant fall in its carbon emissions last year, suggesting it is achieving its aim for an
accelerated green transition. Following the introduction of the Inflation Reduction Act (IRA)
in the summer of 2022, the U.S. has attracted high levels...
The aging coal plants across the U.S. pose a significant risk to grid reliability as their forced outage rates continue to rise. The North American Electric Reliability Corporation (NERC) unveiled its 2024 State of Reliability Report, noting that the forced outage rate at conventional and wind facilities maintained a...
With the COP28 summit behind us, the world’s climate leaders have targeted the coal industry as their latest mark in the global energy transition. A joint effort report paints a bleak picture of the international goal to limit the temperature increase to 1.5 degrees Celsius by 2030.
Coal being a...
As much of the world continues to battle with energy shortages and rising oil and gas prices, it has become clear just how much we continue to rely on a few specific powers to provide the world with much-needed fossil fuels. While a comprehensive transition to green energy sources...
Through a series of reactionary blunders, the current administration has served to drain our country’s strategic petroleum reserve (SPR) to levels not seen since the 1980s. A far cry from energy security amid global conflict, releasing reserves has thus far exceeded domestic refining capacity and therefore necessitated exporting. At...
In recent months, there has been a major shift in the oil and gas industry due to the merger of a multitude of U.S. fossil fuel companies to establish bigger, more powerful players. As several oil majors acquire smaller firms, the absorption of their portfolios is putting resource power...
Phillips 66 will close its Los Angeles-area refinery in 2025, affecting 600 employees and reducing California's gasoline production by 8%.
Chevron announced its relocation to Texas due to California's strict regulations and climate policies, citing economic harm.
California's environmental regulations, including unique fuel standards and cap-and-trade programs, have...