energy industry News

China Is ‘Big Threat’ to Energy Industry, Cybersecurity Official Says

The US energy industry must shore up protection against cyberattacks from China, a more pressing concern than attacks from Russia amid its war on Ukraine, according to a senior government cybersecurity official. “The big threat we all need to be …

Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills

A Texas lawmaker is seeking to broaden the fight against ESG (environmental social governance) policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate insurance companies’ business with …

Exxon Broke Rules With Late Reporting of Methane Leak

Exxon Mobil Corp. failed to initially report a release of the super-potent greenhouse gas methane in the Permian Basin that occurred in early February, violating state rules. The incident at the company’s facility in New Mexico was reported after it …

Texas Republicans, Financial Executives Spar Over Climate Actions

Financial executives and Texas state senators clashed over company concerns for climate change at a hearing on Thursday, a rare in-person confrontation as Republicans ramp up attacks on the use of environmental, social and governance (ESG) factors in investing. Texas …

Big Oil Does Little to Act On Climate Despite Vows

Major energy companies are not doing enough to prevent the worst effects of climate change despite public promises to fight the problem, a U.S. House panel said about documents released on Friday that it got in a probe. Democrats on …

The Newest Fronts in Climate-Change-Related Legal Battles

Climate change-related litigation has more than doubled in the past seven years globally according to a June report by the London School of Economics, and is moving beyond traditionally polluting industries such as fossil fuel production. At the COP27 climate …

The Tiny Insurance Company Standing Between Taxpayers and a Costly Coal Industry Bailout

In a quiet commercial strip in an upscale suburb of Nashville, there’s a single-story brick building housing a company that may determine whether another billion-dollar taxpayer bailout of the coal industry is needed. It is the main office of Indemnity …

Biden Awards $2.8B to Boost U.S. Minerals Output for EV Batteries

Updated: 1:15pm EDT, Oct 19 The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the …

UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation

Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic squeeze on the cost of living that’s likely to define her premiership. Truss’s plan would cap the average cost of …

Forget Showering, It’s Eat or Heat for Shocked Europeans Hit By Energy Crisis

No more ironing, limited oven use and showering at work – Europeans are trying to keep their energy use down but the bills keep climbing. As wholesale gas and electricity prices surge, millions of people in Europe are now spending …