President Joe Biden delivers a speech on infrastructure spending at Carpenters Pittsburgh Training Center, Wednesday, March 31, 2021, in Pittsburgh. (AP Photo/Evan Vucci) Evan Vucci AP WASHINGTON President Joe Biden’s $2.3 trillion plan to transform America’s infrastructure includes $16 billion to plug old oil and gas wells and clean up […]
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American Petroleum Institute supports paying a carbon tax on oil, gas
API did not say how big a carbon tax should be. Many of its members have long used $40 a ton as an internal price to judge the viability of their projects, but economists specializing in climate change have warned that a price two or three times as large would […]
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EXPLAINER: Why is Biden halting federal oil and gas sales?
FILE – This Jan. 14, 2015 file photo shows oil pump jacks in McKenzie County in western North Dakota. President Joe Biden shut down oil and gas lease sales from the nation’s vast public lands and waters in his first days in office, citing worries about climate change. Now his […]
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‘Absurd’ video of bitcoin mine hooked to an oil well sparks outrage
(Twitter) The co-founder of a bitcoin mining company, which runs on “waste” by-product from Texas oil wells, says that the oil and gas industry is eyeing cryptocurrency operations as a way to burnish green credentials with the public and investors. Matt Lohstroh’s video of his company’s digital currency operation at […]
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OVERNIGHT ENERGY: Republicans put procedural delay on Haaland’s nomination | Interior Department announces next steps in review of oil and gas lease moratorium | Judge approves $1.5B Daimler settlement in diesel emissions probe
HAPPY TUESDAY! Welcome to Overnight Energy, The Hill’s roundup of the latest energy and environment news. Please send tips and comments to Rachel Frazin at [email protected]. Follow her on Twitter: @RachelFrazin. Reach Zack Budryk at [email protected] or follow him on Twitter: @BudrykZack. Signup for our newsletter and others HERE. HOLD […]
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US officials: report on oil and gas sale ban due by summer
FILE – In this Jan. 14, 2015, file photo, oil pump jacks are seen in McKenzie County, in western North Dakota. The Biden administration said Tuesday, March 9, 2021, that it will deliver an interim report on its suspension of oil and gas sales from federal lands and waters by […]
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Interior Department announces virtual forum to review oil and gas lease moratorium
The Interior Department announced Tuesday that it will publish an “interim report” on its review of oil and gas leases on public lands this summer after President BidenJoe BidenCNN: Bidens’ dogs removed from the White House Federal judge rules ‘QAnon shaman’ too dangerous to be released from jail Pelosi says […]
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OVERNIGHT ENERGY: Key vote for Haaland’s confirmation | Update on oil and gas leasing | SEC update on climate-related risk disclosure requirements
HAPPY WEDNESDAY! Welcome to Overnight Energy, The Hill’s roundup of the latest energy and environment news. Please send tips and comments to Rebecca Beitsch at [email protected]. Follow her on Twitter: @rebeccabeitsch. Reach Rachel Frazin at [email protected] or follow her on Twitter: @RachelFrazin. Signup for our newsletter and others HERE. […]
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Interior Secretary Nominee on Collision Course With Oil Industry
WASHINGTON— Deb Haaland is poised to make history on two fronts, as both the first Native American cabinet secretary and as the architect of what could be a landmark change in the U.S. government’s relationship with oil. First, she will need to be confirmed by the Senate as President Biden’s […]
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Biden drilling ban forces Democratic-led New Mexico to reckon with oil dependence
By Nichola Groom, Valerie Volcovici and Jennifer Hiller (Reuters) – When Stan Rounds heard about U.S. President Joe Biden’s plans to suspend new drilling on federal lands to fight climate change, he worried about the education budget. Rounds heads a state association of school administrators. He knows that New Mexico […]
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Biden temporary pause on federal oil leases sets stage for future restrictions
President Biden on Wednesday issued an executive order temporarily pausing federal oil and gas leases and setting in motion potentially longer-lasting restrictions on federal lands production of fossil fuels. The executive order issued Wednesday directed the Interior Department to pause the leases while it reviews the program and consider whether […]
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Biden pauses new oil and gas leasing on public lands and waters
President Biden has taken action to stop issuing new leases for natural gas and oil development on federal lands and waters as part of his broader push to tackle climate change and transition to a clean-energy economy. The president on Wednesday signed an executive order that directs the Department of […]
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Biden moves to block oil and gas leases on public land and in New Mexico that could be a big problem
This week the Biden administration put a 60-day hold on new oil and gas leases on public lands. While this is only temporary at the moment, the expectation is that this moratorium will become permanent sometime soon. This shouldn’t come as a shock to anyone who has been paying attention […]
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Biden’s pause on oil cause for big concern in New Mexico
Susan Montoya Bryan, Associated Press Published 7:30 p.m. ET Jan. 22, 2021 Albuquerque, N.M. – President Joe Biden’s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other public programs hinges on the industry’s success. […]
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Biden halts oil and gas leases, permits on US land and water
FILE – In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years. That stands to undercut President-elect Joe Biden’s plans to […]
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OVERNIGHT ENERGY: Nine, including former Michigan governor, charged over Flint water crisis | Regulator finalizes rule forcing banks to serve oil, gun companies | Trump admin adds hurdle to increase efficiency standards for furnaces, water heaters
HAPPY THURSDAY! Welcome to Overnight Energy, The Hill’s roundup of the latest energy and environment news. Please send tips and comments to Rebecca Beitsch at [email protected]. Follow her on Twitter: @rebeccabeitsch. Reach Rachel Frazin at [email protected] or follow her on Twitter: @RachelFrazin. Signup for our newsletter and others HERE. FLINT […]
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Oil companies lock in drilling, challenging Biden on climate
FILE – In this April 9, 2014, file photo, oil rigs stand in the Loco Hills field on U.S. Highway 82 in Eddy County near Artesia, N.M., one of the most active regions of the Permian Basin. In the closing months of the Trump administration energy companies stockpiled enough drilling […]
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Alaska Agency Is Biggest Bidder for Arctic Oil Leases
WASHINGTON—An Alaskan state-owned agency was the biggest bidder for oil leases in the Arctic National Wildlife Refuge, federal officials said Wednesday, as they disclosed auction results that bring oil drillers a step closer to securing access to the pristine 19-million-acre wilderness. The U.S. government is in line to collect more […]
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After Decades-Long Push, It’s Not Clear Who Will Bid In Arctic Refuge Oil Lease Sale : NPR
A polar bear with cubs in Alaska’s Arctic National Wildlife Refuge in 2014. Barcroft Media/Barcroft Media via Getty Images hide caption toggle caption Barcroft Media/Barcroft Media via Getty Images A polar bear with cubs in Alaska’s Arctic National Wildlife Refuge in 2014. Barcroft Media/Barcroft Media via Getty Images Just two […]
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2021 Cadillac Escalade Diesel first drive review: Oil tycoon
The new Cadillac Escalade is very good. General Motors’ new Duramax inline-six diesel engine is also very good. Combine the two and, whaddaya know, the diesel-powered Escalade is very, very good. But this SUV’s excellence extends beyond a plug-and-play formula. Reviews editor Craig Cole was right when he called the […]