More signs emerged of deep trouble for the energy sector. Clean energy companies shed 106,000 jobs in March according to an industry analysis of figures from the Labor Department’s tally of unemployment claims. And on Tuesday, the Texas agency that regulates the oil and gas industry held a public hearing to consider whether the industry should cut production to keep oil prices from falling further, a drastic step aimed at preventing a slew of bankruptcies and permanent job losses.Continue Reading 394 words
With oil prices plummeting to 18-year lows, oil and gas companies are scaling back by cutting workers, halting infrastructure investments, and drastically reducing oil and gas production. But will the natural gas industry finally get their outrageous methane leaks under control?
Why This Matters: Methane is the most potent greenhouse gas in terms of its short term impact. The Trump Administration made flaring methane even easier.Continue Reading 529 words
In a first of its kind challenge, the Williams Pipeline Company is fighting to prevent natural gas venting and flaring by Exco Resources Inc., which is seeking to release nearly all of the gas produced by a group of its South Texas wells as a byproduct of its drilling for shale oil — Williams argues that this practice is a massive waste of natural gas and the flaring is banned by lawContinue Reading 513 words
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