Tag

Energy And Climate

All articles tagged with #energy and climate

energy-and-climate18 days ago•2 min saved

Trump Admin Pulls Offshore Wind Leases, Redirects $1B to Oil and Gas

Interior Secretary Doug Burgum and TotalEnergies CEO Patrick Pouyanné announced the cancellation of federal offshore wind leases worth about $1 billion and redirected the investment to oil and natural gas projects in the U.S., signaling a rare policy shift under Trump away from offshore wind despite prior support; environmentalists criticize the move as wasteful and contrary to clean-energy goals, while supporters note offshore wind remains costly and that policy must align with domestic oil and gas priorities; observers wonder if this signals more one-off deals and whether the U.S. offshore wind industry can regain momentum.

via Axios|

#burgum #energy-and-climate #energy-policy

energy-and-climate18 days ago•3 min saved

Mattis: No easy path on Iran as Strait of Hormuz looms over energy markets

At CERAWeek, former Defense Secretary James Mattis warns that U.S. options on Iran are limited; a withdrawal could let Tehran control the Strait of Hormuz and disrupt global oil markets, underscoring the need for allied coordination, deterrence, sanctions, and diplomacy to address the energy crisis.

via Axios|

#ceraweek #energy-and-climate #iran

energy-and-climate24 days ago•2 min saved

Trump Grants 60-Day Waiver to Speed Fuel Shipments

Trump issued a 60-day waiver of the Jones Act to allow non-U.S.-built ships to move cargo between U.S. ports, aiming to ease fuel and goods flows amid tensions near the Strait of Hormuz. Analysts say the move may have only a modest effect on gasoline prices, which have risen, while oil futures stay elevated as the conflict and related disruptions persist. The administration argues the measure strengthens critical supply chains and energy security, even as broader tensions and continued stockpile releases shape the market.

via Axios|

#energy-and-climate #energy-markets #gasoline-prices

energy-and-climate29 days ago•3 min saved

U.S. Eyes Swift Ship Escorts Through Hormuz, Possibly With Allies

U.S. officials say the Navy will begin escorting vessels through the Strait of Hormuz soon, potentially with an international coalition, once safe passage is assured and air superiority is established, as oil-market disruptions from the Iran war push prices higher; authorities suggest escorts could start by month’s end, though timing depends on security capabilities and ongoing military actions.

via Axios|

#energy-and-climate #hormuz-strait #international-coalition

energy-and-climate1 month ago•3 min saved

Emergency oil releases test Trump’s options amid Iran-linked market strain

An IEA-coordinated emergency release of about 400 million barrels, led by the U.S. SPR (172 million), aims to ease supply tightness but is expected to slow rather than reverse price rises; with the Strait of Hormuz disruption imperiling roughly 20% of global oil flows, gasoline prices remain elevated and Trump’s options are limited to temporary market tools such as stock releases, waivers, or escorts.

via Axios|

#energy-and-climate #gas-prices #iea

energy-and-climate1 month ago•2 min saved

Oil exporters surge as Iran conflict lifts prices

The Iran-related disruption is lifting crude prices, making oil-exporting nations outside the Middle East—led by Russia—economic winners. Countries with large reserves like Norway, Canada, Nigeria, and Colombia benefit from higher earnings, while sanctioned Russian crude trades at a premium amid market disruptions. The White House says any price increases are temporary and expects prices to fall, but the global energy landscape remains volatile and evolving.

via Axios|

#energy-and-climate #energy-markets #iran-war

energy-and-climate1 month ago•8 min saved

Europe braces for energy price shocks as Gulf conflict tightens supply

The Gulf crisis disrupts Hormuz shipping, lifting global oil and gas prices and squeezing Europe’s energy mix. With depleted gas stocks, slow storage targets, and higher insurance costs for shipping, Europe faces higher bills for households and industry while scrambling to diversify away from Russian supplies. Renewables and energy security become EU priorities, but short-term relief remains elusive as markets reroute around blocked routes and strained LNG access.

via politico.eu|

#energy-and-climate #energy-security #europe

energy-and-climate1 month ago•10 min saved

MAGA allies push solar power to win over the GOP base

Conservative influencers Katie Miller and Kellyanne Conway are backing the American Energy First push by the American Clean Power Association to rebrand solar as a domestic, affordable energy solution for Trump voters. The campaign relies on polling, paid media partnerships, and conservative media placements to bolster solar’s standing among the GOP base and counter policy moves seen as hostile to renewables, while broader debates over subsidies and incentives continue shaping the industry’s political fortunes.

via Politico|

#american-energy-first #conservatives #energy-and-climate

energy-and-climate1 month ago•3 min saved

Oil surges on looming U.S.-Iran clash and Gulf supply risk

Oil prices jumped to their highest levels since last summer as markets priced in the risk of a U.S.-Iran confrontation and potential disruption to Persian Gulf supply, with Brent trading above $71 and WTI around $66 as traders weigh Iranian exports and the Hormuz chokepoint.

via Axios|

#crude-oil #energy-and-climate #iran

energy-and-climate1 month ago•5 min saved

US urges IEA to drop net-zero modeling

At a closed-door IEA ministerial in Paris, U.S. Energy Secretary Chris Wright urged the agency to abandon net-zero emissions scenarios, arguing such targets are unrealistic. The push drew muted pushback as European ministers stressed continued renewables expansion; Wright’s hardline rhetoric has faced rejection from several countries, and talks on the issue will continue.

via politico.eu|

#climate-modeling #energy-and-climate #iea

energy-and-climate2 months ago•9 min saved

Cold snap tests US power grid as outages spread

Winter Storm Fern knocked out power for more than a million customers across the South as frigid conditions loom, pressuring the electric grid. PJM projected record winter demand and the Energy Department allowed full operation of grid resources while utilities mobilized tens of thousands of workers; gas prices surged and authorities warned the system could remain stressed through the week amid ice and falling temps.

via Politico|

#doe #electric-grid #energy-and-climate

energy-and-climate1 year ago•8 min saved

COP29 Faces Financial and Fossil Fuel Challenges Amid Saudi Resistance

At COP29, nearly 200 countries are struggling to agree on a financial target for global climate aid, with proposals ranging from $100 billion to $2 trillion annually. The negotiations are marked by tensions between wealthy and developing nations, with the former hesitant to commit large sums and the latter demanding substantial support to transition to cleaner energy. The talks are further complicated by geopolitical issues, including the U.S. presidential election and strained public budgets. A consensus on a new funding target is crucial for setting ambitious climate goals ahead of COP30.

via POLITICO Europe|

#climate-finance #cop29 #developing-countries

energy-and-climate1 year ago•2 min saved

Russia's Gazprom Halts Gas Supplies to Austria

Austria's Chancellor Karl Nehammer assured citizens of a secure alternative fuel supply as Russia's Gazprom plans to halt gas deliveries to Austria, following a payment dispute linked to an arbitration award. Despite the cutoff, Austria, which heavily relies on Russian gas, is working to diversify its energy sources. The move is part of broader tensions over Europe's support for Ukraine, with Russia previously cutting gas supplies over payment disputes. Meanwhile, Germany's Chancellor Olaf Scholz has resumed direct communication with Russian President Vladimir Putin.

via POLITICO Europe|

#austria #energy-and-climate #energy-supply

politics2 years ago•5 min saved

"Gov. Hochul unveils $229B budget plan for NY's FY 2024"

New York Governor Kathy Hochul has announced a "conceptual agreement" on the state's $229bn budget for fiscal year 2024. Key components include public safety, mental health, healthcare, strengthening abortion rights, education, child care, housing, investing in the MTA, and energy and climate. The budget includes adjustments to the state's current bail laws, over $1bn for mental health policy changes, $34.5bn for education, and $400m for immediate utility relief. The next step is for the bills to be printed so that state lawmakers can vote on them.

via NEWS10 ABC|

#education #energy-and-climate #mental-health