Energy
Energy Sector Continues to be Roiled by Coronavirus and Price War

Energy Sector Continues to be Roiled by Coronavirus and Price War

The news about the energy sector is mixed.   The good news is that Exxon is slashing spending by 30% ($10 b) as the President waffles on tariffs on foreign imports, while The New York Times reports solar and wind projects in operation are increasing sales as a result of utilities cutting costs because renewables are cheaper than coal.

Why This Matters:  This is the moment to pivot to clean energy.

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In New York State, Investment in Renewables is Deemed a COVID-10 Recovery Plan

In New York State, Investment in Renewables is Deemed a COVID-10 Recovery Plan

by Zoey Shipley New York’s Governor Andrew Cuomo has gained national media attention for his handling of the coronavirus pandemic. In many ways, he’s become a leader for many people across the nation during this time. And despite the pandemic, Solar Industry Magazine reported that “New York public authorities and agencies have passed legislation as […]

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During a Global Pandemic, Construction of Keystone XL Pipeline Continues

During a Global Pandemic, Construction of Keystone XL Pipeline Continues

by Zoey Shipley Though there was a brief moment of victory for indigenous communities in the legal battle against Dakota Access Pipeline just last month, developer TC Energy got a surprise go-ahead for construction this week on their Keystone XL Pipeline. Thanks to the provincial government of Alberta, Canada (where the pipeline originates), the company […]

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Three States Outlaw Pipeline Protests, As Pipeline Operators Request Production Slow Down

Three States Outlaw Pipeline Protests, As Pipeline Operators Request Production Slow Down

Bloomberg News reported last week that U.S. pipeline operators are requesting oil producers to cut back on production — a “clear sign” that the oil market is reaching a breaking point when the amount of crude oil is at capacity in storage tanks and pipelines due to the oil glut caused by the global price war. Meanwhile, the Governors of Kentucky, West Virginia and South Dakota recently signed laws effectively making it a crime to protest a pipeline — imposing stiff fines and penalties for anyone causing “damage, destruction, vandalization, defacing or tampering” to pipelines because they are deemed to be “critical infrastructure.”

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Despite Reg Rollbacks, Fracking Businesses Struggle Due to Oil and Gas Glut

Despite Reg Rollbacks, Fracking Businesses Struggle Due to Oil and Gas Glut

A judge on Friday upheld the Trump Administration’s rollback of environmental standards for fracking on federal land saying that the President’s rule change met the “low bar” of providing enough explanation to stand, The Hill reported The Obama rule required companies to say what chemicals they use in fracking, make them cover surface ponds that contain fracking fluids and also set well construction.

Why This Matters:  This rollback is on top of the suspension of enforcement of environmental rules that the Administration announced on Thursday.

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Republicans In Congress Ask Trump For Royalty Reduction for Oil and Gas Companies

Republicans In Congress Ask Trump For Royalty Reduction for Oil and Gas Companies

ll reports that on Friday, 14 Members of Congress (13 Republicans and 1 Democrat) asked the Trump Administration to use its authority to temporarily reduce or eliminate royalties they are required to pay the government under their leases.

Why This Matters: The oil and gas industry has received enough handouts.

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