Energy
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Exxon, global agencies warn of oil price spike within weeks
Neil Chapman, senior vice president at ExxonMobil, told investors at the Bernstein 42nd Annual Strategic Decisions Conference in New York that global inventories could reach critical lows within "two to three weeks."
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Power grid demand summer outlook cautiously optimistic
PJM’s Summer Outlook 2026 projects adequate reserves to maintain reliability under expected conditions, even with hotter-than-normal weather in the forecast and peak demand projected at near-historic levels.
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SCOTUS flooded with briefs critical of Colorado climate suit, signaling high stakes battle ahead
Last week, 78 members of Congress, 27 state attorneys general, some Colorado counties, Native American tribes, industry groups and legal and policy organizations filed briefs in support of the oil and gas companies targeted in the Boulder, Colorado, climate lawsuit. The interest in the case illustrates that the stakes are high, as a ruling has implications economic, legal and political across the country.
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Data center energy and water needs raise concerns
The data center boom has been felt across the U.S. as tech companies are increasingly looking to keep up with an AI revolution.
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China for first time vows to reduce greenhouse gas emissions
China is considered the world's largest greenhouse emitter, while the United States is the second. In 2023, China was responsible for over a quarter of planet-warming emissions.
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Louisiana reviewing eight test wells for carbon capture
The state is reviewing 33 applications for Class VI wells, which are constructed for the injection and long-term storage of carbon dioxide underground.
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Funding for green groups soared after 2009 endangerment finding, nonprofit finds
Fed grants to organizations increased from $350 million in 2009 to nearly $1.4 billion in 2023, analysis finds.
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Federal government stands in the corner of Chevron in coastal lawsuits
The case is the first of 42 similar lawsuits seeking billions of dollars for decades of damage to Louisiana’s vanishing wetlands.
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Latest carbon auction raises $446M as Washington state experiences highest gas prices in nation
Since cap-and-trade program started in January 2023, Washington's carbon auctions have generated nearly $3.5 billion in revenue.
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Energy questions loom large on AI horizons
Before the summit was even underway, protestors gathered outside, carrying signs that said “Gas data centers mean we are fracked.”
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Chevron petitons Supreme Court to move suits to federal court
Oil giant says wave of coastal-erosion lawsuits brought by Louisiana parishes should be covered by federal-officer removal statute.
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Lawsuits increasing in energy, plastics, chemical manufacturing industries
Environmental justice groups have dragged parish commissions, global corporations and state agencies into court in Louisiana.
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New York business groups back Trump's gas pipeline expansion
Project aims to extend pipeline that runs from Pennsylvania to New Jersey into New York City and Long Island to help provide more energy for the region