Energy
NC Denies Pipeline Project Permit Due to Water Quality and Project Risks

NC Denies Pipeline Project Permit Due to Water Quality and Project Risks

The North Carolina Department of Environmental Quality (NC DEQ) on Monday rejected the permit application of the MVP Southgate natural gas pipeline project, a $458M, 75-mile extension of the Mountain Valley Pipeline (MVP) that would cross numerous water bodies. 

Why This Matters: This is yet another blow to the natural gas and pipeline industries.

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Mauritius Declares Emergency After Massive Oil Spill From Japanese Tanker Threatens Coast click button

Mauritius Declares Emergency After Massive Oil Spill From Japanese Tanker Threatens Coast

Last month, a Japanese-owned ship ran aground off the coast of Mauritius, causing over 1,000 tons of oil to leak into the sea. Last week, Mauritius residents “stuffed fabric sacks with sugar cane leaves” in order to create “makeshift oil spill barriers,” as CBS News reported earlier this week.

Why This Matters: If the ship breaks in half, an already horrifying situation will be made worse, seeing as there are still 2,500 tons of oil currently contained in the ship.

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BP Commits To Slashing Its Oil and Gas Operations, A Necessary Step for Climate Action

BP Commits To Slashing Its Oil and Gas Operations, A Necessary Step for Climate Action

As Greentech Media reported, oil and gas giant BP announced yesterday that it will cut its oil and gas output by 40% by 2030 and increase its low-carbon investment tenfold by then as it begins to detail its 2050 net-zero strategy. This announcement comes after BP head of strategy Giulia Chierchia told investors on a […]

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Electric Vehicles Still Charging Ahead

Electric Vehicles Still Charging Ahead

Investment in electric vehicles and their components and infrastructure continue to grow in spite of the pandemic and economic downturn, not to mention the infancy of the market.  According to MarketWatch.com, there is “sky high” investor interest in clean energy and electric vehicle companies.

Why This Matters:  Former Vice President Biden’s new clean energy jobs proposal revives the “cash for clunkers” program but in a way that would juice this market.

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China’s Purchases and Investments In US Energy Are On Their Terms

China’s Purchases and Investments In US Energy Are On Their Terms

President Trump trumpeted his trade deal with China, but so far it has been a bust, according to The Wall Street Journal — the Chinese have not purchased nearly the amount of energy (in terms of total dollars) as they promised — only $2B in oil and gas purchases against a commitment of $25B for this year.

Why This Matters:  Trump’s energy policy is a colossal failure, especially when measured against his outlandish campaign promise of complete energy independence.

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Dakota Access and Keystone XL Pipelines Stymied, BUT SCOTUS Gives Other Projects a Pass

Dakota Access and Keystone XL Pipelines Stymied, BUT SCOTUS Gives Other Projects a Pass

A federal judge in Washington, DC ruled yesterday that the Dakota Access Pipeline must shut down and empty all its oil until the government completes an environmental review of the pipeline’s impacts, giving the Standing Rock Sioux Tribe, whose reservation lies downstream, a huge victory.  Similarly, late in the day, the Supreme Court refused to overturn the order of a district judge that shut down construction of parts of the Keystone XL pipeline so it is also blocked for now.

Why It Matters:  The Dakota and Keystone XL news is greatly tempered by the fact that numerous other pipeline projects can go ahead despite their inadequate permit unless they are individually challenged in court and blocked.

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