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The hundreds of fossil fuel-connected people make up just a tiny share of the 90,000 people who registered to attend the climate summit known as COP28. “Let history reflect the fact that this is the Presidency that made a bold choice to proactively engage with oil and gas companies,” al-Jaber said. COP28 comes as the planet faces a mounting imperative to reduce greenhouse gas emissions. David Hone, Shell's chief climate adviser, is in Dubai for at least his 17th appearance at the annual climate talks. At the moment, it's preventing about 0.1% of the energy sector's carbon emissions from reaching the atmosphere, according to the IEA.

Persons: Bob Deans, Deans, Sultan al, Jaber, “, ” al, COP28, TotalEnergies, Paul Naveau, Patrick Pouyanné, ” Naveau, Naveau, Shell, that's, ”, Arthur Lee, David Hone, Hone, Rachel Rose Jackson Organizations: The United Nations, U.S, Resources Defense, United Arab Emirates, Global, Coalition, Shell, TotalEnergies, BP, AP, Nations, UN, didn't, ”, International Energy Agency, IEA, Chevron, Corporate Locations: United Nations, Dubai, Chevron, Shell's

☆ Britain to boost offshore wind auction power price guarantees by 66%
▼ + stars: | 2023-11-16 | by ( Susanna Twidale | ) www.reuters.com time to read: +2 min

Companies Iberdrola SA FollowLONDON, Nov 16 (Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Britain, which is already the world’s second largest offshore wind market after China, is seeking to ramp up its capacity to 50 gigawatts (GW) by 2030 from around 14 GW now, to help meet its climate targets and boost energy security. The offshore wind sector has been hit by surging supply chain and interest rate costs over the past year with some developers cancelling projects, while Britain's last auction yielded no offshore wind projects when the results were announced in September with developer saying the price offered was too low. The government said despite the absence of offshore wind, the last auction had succeeded in supporting other technologies such as solar, tidal and onshore wind projects capable of generating 3.7 GW, the equivalent to powering some 2 million homes. “The real test of that ambition will come when the overall budget for the next auction round is set next year.

Persons: Claire Coutinho, ”, ” Keith Anderson, ScottishPower, Susanna Twidale, Marguerita Choy Organizations: ” Energy, Thomson Locations: Britain, China

Manchin never defended the remark but was criticized by West Virginia Republicans for what his party’s nominee said. By 2022, coal mining employees in West Virginia made up nearly 30% of all coal employees in the country. John Deskins, director of the West Virginia University Bureau of Business and Economic Research, said 75% of West Virginia’s coal jobs were disappearing before coal production dropped because of mechanization. West Virginia Democratic Party Chair Mike Pushkin said Trump never fulfilled his promise. He said the state Democratic Party was branded “anti-jobs and anti-coal” because of environmental policies coming from the national party.

Persons: Joe Manchin’s, Robert C, Byrd, Jennings Randolph, Jay Rockefeller, Manchin, Joe Biden's, Jim Justice, Donald Trump, Barack Obama, Trump, Hillary Clinton, John Deskins, ”, Mike Pushkin, “ Donald Trump, Robert Rupp, " Rupp, ” Rupp, Rupp, “, “ He’s, Biden, Jim Crow, William Hal Gorby, you’re, ” Manchin, Pat McGinley, ” McGinley, Democratic Sen, Mike Caputo, Kavish Harjai Organizations: U.S, Senate, West Virginia's, Democratic, Mountain State, Republican Gov, Biden, Senate Energy, Natural Resources Committee, West Virginia Republicans, West Virginia University, of Business, Economic Research, West Virginia Democratic, Democrats, Retired West Virginia Wesleyan, New, Democrat, Immigrants, Black, West Virginians, ” West Virginia University, Big Branch, Big, Mine Safety Administration, Massey Energy, West Virginia Democrats, United Mine Workers, America, Democratic Party, Press Locations: CHARLESTON, W.Va, Washington, Manchin, West Virginia, Kentucky, Virginia, West, Towns, Europe, ”, Randolph, Los Angeles

☆ Energy Dept. Pours Billions into Power Grids but Warns It’s Not Enough
▼ + stars: | 2023-10-30 | by ( Brad Plumer | More About Brad Plumer | ) www.nytimes.com time to read: +1 min

The Energy Department on Monday announced $1.3 billion to help build three large power lines across six states, part of a new gusher of money from Washington to upgrade America’s electric grids so they can handle more wind and solar power and better tolerate extreme weather. In a major report published the same day, the Energy Department said that the nation’s vast network of transmission lines may need to expand by two-thirds or more by 2035 to meet President Biden’s goals to power the country with clean energy. That would help slash carbon dioxide emitted by gas and coal-fired electric plants — pollution that is heating the planet. “We need to seriously build out transmission,” Energy Secretary Jennifer Granholm said. The nation’s electric system is divided into a patchwork of regions, each overseen by different operators.

Persons: Biden’s, Jennifer Granholm Organizations: Energy Department, ” Locations: Washington

The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia under the terms of the price cap. In the short term, available ghost vessels could be in particular demand, making chartering them more expensive. Even so, some analysts say removing the price cap could be the way to really punish Russia. But he said that was very unlikely because the price cap at least allows Russian oil to flow, thereby moderating international prices. "The Biden administration is already reeling from higher oil prices compounded by the unrest in Gaza, potentially spreading to a wider Middle Eastern conflict.

Persons: Alexandre Meneghini, Ioannis Papadimitriou, Mike Salthouse, FGE, Vortexa’s Papadimitriou, Richard Bronze, Adi Imsirovic, Biden, Natalie Grover, Robert Harvey, Julia Payne, Andrea Shalal, Barbara Lewis Organizations: REUTERS, Reuters, Maersk, EU, White House, United Arab, Shell, BP, Exxon Mobil, Exxon, U.S, . Treasury, Treasury, Novy Port, Surrey Clean Energy, Thomson Locations: Liberia, Russia, Matanzas, Matanzas , Cuba, Ukraine, United States, Euronav, Turkey, United Arab Emirates, U.S, India, Novy, Gaza, London, Brussels, Washington

☆ Goldman Sachs warns US energy policy is backfiring
▼ + stars: | 2023-09-27 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN Business —America’s emergency oil stockpile has plunged to 40-year lows. It has less levers left in its policy toolkit,” Daan Struyven, head of oil research at Goldman Sachs, told CNN in a phone interview. That’s one reason Goldman Sachs expects oil prices to stay high, averaging $100 a barrel this time next year. Saudi Arabia has an incentive to keep oil prices high in order to balance their budget. “Extremely high prices destroy long-term demand for Saudi barrels,” Struyven said.

Persons: Goldman Sachs, Daan Struyven, Biden, ”, Jennifer Granholm, Saudi Arabia’s, “, ” Struyven, Struyven, ” Francisco Blanch, Doug Lawler, “ That’s, ” Lawler, BofA’s Blanch, ” Blanch, ” Goldman’s Struyven, That’s Organizations: New York CNN Business —, Strategic Petroleum Reserve, CNN, Triple, White, Industry, Wall, The Energy Department, ”, Saudi, OPEC, AAA, Aramco, Bank of America, Resources, Bloomberg, Energy Department Locations: Saudi, Ukraine, Saudi Arabia, Russia, Saudi Aramco, OPEC

☆ US Department of Energy to put $12 billion into electric vehicle manufacturing, following Biden's goal of spurring EV sales
▼ + stars: | 2023-08-31 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —The US Department of Energy said Thursday it plans to fuel the auto industry’s transition to electric vehicles with $12 billion in loans and grants. Hard on the heels of President Joe Biden’s goal to spur the sale of EVs in the United States, the Energy Department will provide $2 billion in grants and $10 billion in loans to support the conversion of US automaker and supplier facilities into manufacturing centers for hybrid and electric vehicles. The program aims to build or refurbish factories in communities with existing auto manufacturing facilities and to bolster the domestic EV supply chain. The Energy Department also said it plans to invest a separate $3.5 billion to boost US production of advanced batteries and battery materials to support the country’s transition to electric vehicles and clean energy. It also noted that light duty vehicles, the average cars Americans drive, account for 58% of those emissions.

Persons: Joe Biden’s, Biden, “, Jennifer Granholm, ”, Shawn Fain Organizations: New, New York CNN, US Department of Energy, Energy Department, ”, The Energy Department, United Auto Workers union, Biden Administration, UAW, Congressional Locations: New York, United States

☆ Rising caffeine levels spark calls for ban on energy drink sales to children
▼ + stars: | 2023-08-30 | by ( Kailyn Rhone | ) www.reuters.com time to read: +5 min

[1/2] FILE PHOTO-Prime energy drink cans sit on a shelf at Target in Brooklyn, New York, U.S., August 18, 2023. Rival products like Anheuser Busch InBev-backed (ABI.BR) Ghost energy drinks and Kim Kardashian's “Kimade” energy drink also have 200 mg of caffeine. In the U.S. and UK, no national regulations ban the sale of high-caffeine energy drinks. She added: "Any energy drink with a high dose caffeine in it, such as Prime Energy, is unsafe for children." “I got confused because when you first see the can, it’s hard to see where it says energy drink.

Persons: Kim Kardashian's, Holly Benjamin, Dr, Benjamin, Chuck Schumer, Alani, Logan Paul, KSI, Shick, ”, “, Bonnie Patten, TINA, GNC, Vanessa O'Connell, Lisa Shumaker Organizations: REUTERS, Prime Energy, Anheuser Busch InBev, Monster Energy, University of Chicago, American Academy of Child, Psychiatry, FDA, U.S, Ghost Energy, Congo Brands, American Medical Association, Walmart, Target, Energy, Kailyn, Thomson Locations: Target, Brooklyn , New York, U.S, Canada, Australia, New Zealand, Congo, Florida, Kailyn Rhone, New York

☆ Ecuador votes in historic referendum that could democratize climate policy
▼ + stars: | 2023-08-20 | by ( Hannah Holland | ) edition.cnn.com time to read: +6 min

CNN —The people of Ecuador are heading to the polls – but they’re voting for more than just a new president. Among the species found in the Yasuní National Park, is the harpy eagle, the second largest bird of prey in the world. Aerial picture of the Tiputini Processing Center of state-owned Petroecuador in Yasuni National Park, June 21, 2023. A crude oil sample taken from an oil well in Yasuní National Park, where the referendum vote could mean leaving the crude oil in the ground indefinitely. Rodrigo Buendia/AFP/Getty Images“This referendum presents a huge opportunity for us to create change in a tangible way,” she told CNN.

Persons: Carl De Souza, ”, Pedro Bermo, It’s, Rafael Correa, Correa, Rodrigo Buendia, “, Fernando Santos, Alberto Acosta, Helena Gualinga, Antonia Juhasz Organizations: CNN, Getty, Tiputini Processing, ” Energy, “, Twitter, Ecuadorian Amazon, Human Locations: Ecuador, Ecuadorian, Europe, North America, Ecuador’s, AFP, Yasuní, “

☆ Russia Says It Shot Down 2 Ukrainian Missiles Over Border Cities: Live Updates
▼ + stars: | 2023-07-28 | by ( Anton Troianovski | ) www.nytimes.com time to read: +4 min

Credit... Laura Boushnak for The New York Times“He has never seen me like this,” Ms. Dluzhynska said of the groom. But when Russia invaded Ukraine in February 2022, Mr. Merezhko rejoined the military to fight. About a month later, Ms. Dluzhynska followed, as a medic, to be near him. At the wedding ceremony, in an event space with a roof deck overlooking Kyiv, cloth azaleas formed a white arch. In his vows, Mr. Merezhko drew laughs describing how he had worn dirty shorts to their first meeting.

Persons: Laura Boushnak, The New York Times Laura Boushnak, The New York Times Yuliya, “, Maksym, Yuliia Dluzhynska, Dluzhynska, ”, Kseniia Drahaniuk, Zemliachky’s, Ms, welling, Merezhko, John Legend’s “, ‘, ’, Slava Ukraini ”, Mr, Stanislav Kozliuk, Daria Mitiuk Organizations: The New York Times, The New York Times Credit, Zemliachky Locations: Kyiv, Donetsk, Sloviansk, Russia, Ukraine, Ukrainian, —, Bakhmut

☆ Who was J. Robert Oppenheimer? What you need to know before watching Christopher Nolan's biopic
▼ + stars: | 2023-07-20 | by ( Caolán Magee | ) edition.cnn.com time to read: +5 min

Director Christopher Nolan’s latest creation concerns an earlier existential threat, telling the story of the atomic bomb through the lens of its creator, J. Robert Oppenheimer – played by “Peaky Blinders” star Cillian Murphy. ullstein bild Dtl./ullstein bild/Getty ImagesWho was J. Robert Oppenheimer? Oppenheimer is widely considered the father of the atomic bomb. He quickly rose to prominence as an internationally renowned physicist, employed by the US government to create an atomic bomb to quell the threat of Nazi Germany. In the post-WWII era, as the world entered the Cold War, Oppenheimer was suspected by US intelligence of having ties with communists.

Persons: Oppenheimer ”, Christopher Nolan’s, J, Robert Oppenheimer –, “ Peaky, Cillian Murphy, Matt Damon, Emily Blunt, Florence Pugh, Robert Downey Jr, Kai Bird, Martin J, Sherwin’s Pulitzer, Robert Oppenheimer, ” Oppenheimer, Oppenheimer, Fotosearch, Adolf Hitler, Albert Einstein, Leo Szilard, Eugene Wigner, Jennifer Granholm, ” Organizations: CNN, Trinity, Los Alamos National Laboratory, United States Atomic Energy Commission, Manhattan, Institute for, Study, Committee, Atomic Energy Commission, US Department of Energy, ” Locations: New York, Nazi Germany, New Mexico, Alamogordo , New Mexico, Germany, Los Alamos , New Mexico, Hiroshima, Nagasaki, Princeton , New Jersey, Spanish

☆ Matt Fitzpatrick criticizes US Open's Los Angeles course and 'very poor' atmosphere
▼ + stars: | 2023-06-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

Yet not everyone has given the host glowing reviews, including the major’s reigning champion Matt Fitzpatrick. And following Saturday’s third round, Fitzpatrick – whose hopes of becoming the first player to defend the US Open title since Brooks Koepka look slim – again spoke about the quality of the course and the atmosphere. Fitzpatrick added: “I’ve seen Brooks’ comments and I tend to agree with what he feels like that about this golf course. Yet firmer greens and fairways brought fresh criticisms of the course, and atmosphere, from Fitzpatrick on Saturday. “Very poor … It’s disappointing on the USGA side,” said Fitzpatrick of the atmosphere, according to Barstool Sports journalist Dan Rapaport.

Persons: Matt Fitzpatrick, England’s Fitzpatrick, ”, Fitzpatrick –, Brooks, I’d, Koepka, Fitzpatrick, “ I’m, ” Koepka, I’ve, Brooks ’, you’ve, “, ” Fitzpatrick, Matt York, Padraig Harrington, ” Harrington, ” Brooks, Scottie Scheffler, ” Scheffler, Rickie Fowler, Xander Schauffele, Dan Rapaport, Collin Morikawa, Tom Kim, ” Kim, can’t Organizations: CNN, Los Angeles Country Club, Sky Sports, ESPN, United States Golf Association, USGA, Barstool Sports, Los Locations: American, LA, Los Angeles, Korean

☆ Philip Morris International CEO aims to make its stock an ESG investment, FT reports
▼ + stars: | 2023-05-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

The majority of those sales come from PMI’s “heated tobacco” products, which use electricity to warm, rather than burn, tobacco. “This requires system-level change.”Philip Morris International, headquartered in Switzerland, is the multinational firm that sells Marlboro brand cigarettes in non-US markets. It was spun off in 2008 from Altria Group, which controls Philip Morris USA. That’s especially true in Europe, where ESG accounted for 65% of all flows into ETFs in 2022, according to Morningstar data. Olczak touted PMI’s ESG bona fides on transparency, though he also acknowledged that the use of child labor in tobacco supply chains harmed his company’s ESG rating.

Persons: Philip Morris, Jacek Olczak, ” Olczak, “ I’m, Philip Morris …, ”, ” Philip Morris, ESG, Olczak, “ Organizations: New, New York CNN, Tobacco, Philip Morris International, Financial Times, CNN, ” Philip Morris International, Marlboro, Altria Group, Philip Morris USA, drillers, Morningstar Locations: New York, Switzerland, Europe

☆ Emission Cuts Will Fail to Stop Climate Change. What to Do Then?
▼ + stars: | 2023-02-18 | by ( Tunku Varadarajan | ) www.wsj.com time to read: 1 min

Bellevue, Wash. Sometimes it takes a visionary to throw cold water on a seemingly revolutionary development. When scientists at the Lawrence Livermore National Laboratory achieved a breakthrough in December—producing more energy in a fusion reaction than they used to ignite it—the Biden administration hyped the experiment as a quantum leap for its green agenda. “This milestone,” Energy Secretary Jennifer Granholm boasted, “moves us one significant step closer to the possibility of zero-carbon abundant fusion energy powering our society.”

☆ Pakistan says power restored after second major breakdown in months
▼ + stars: | 2023-01-24 | by ( ) www.nbcnews.com time to read: +2 min

ISLAMABAD, Pakistan — Pakistan’s energy minister on Tuesday blamed the worst power outage in months on a lack of investment in the network, saying the aid-dependent nation had “learned lessons” from the breakdown that left millions of people without electricity. Like much of the national infrastructure, the power network desperately needs an upgrade, but funding has been patchy as Pakistan lurched from one International Monetary Fund bailout to the next. The outage, which began on Monday morning, was the second major breakdown since October. Pakistan has enough installed power capacity to meet demand, but the sector is so heavily in debt that it cannot afford to invest in infrastructure and power lines. “The government plans to add more power distribution lines within the next 36 months,” he added.

☆ US oil plunges below $75 for first time since just before Christmas
▼ + stars: | 2022-12-06 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

The sharp drop in oil prices the past two days is mostly good news for consumers, signaling prices at the gas pump should continue their recent plunge. The European Union imposed a ban on seaborne oil imports from Russia on Monday, while the West placed a $60 cap on Russian oil. “Russia oil is still on the market. The oil cartel on Sunday announced plans to stick to its oil production cuts rather than taking steps to take more supply offline. Recession fears continue to rattle financial markets, including not just oil markets but the stock market.

☆ Biden eases Venezuela sanctions as opposition talks resume
▼ + stars: | 2022-11-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

WASHINGTON — The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro’s government and its opposition. The Treasury Department is allowing Chevron to resume “limited” energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government. Under the new policy, profits from the sale of energy would be directed to paying down debt owed to Chevron, rather than providing profits to PDVSA. Talks between the Maduro government and the “Unitary Platform” resumed in Mexico City on Saturday after more than a yearlong pause. The official said the U.S. would closely monitor Maduro’s commitment to the talks and reserved the right to reimpose stricter sanctions or to continue to ease them depending on how the negotiations proceed.

☆ COP27 deal is a blessing in a very good disguise
▼ + stars: | 2022-11-21 | by ( George Hay | ) www.reuters.com time to read: +4 min

SHARM EL-SHEIKH, Egypt, Nov 21 (Reuters Breakingviews) - The world’s premier forum for combatting climate change concluded in Egypt’s Sharm El-Sheikh on Sunday with an inadequate agreement to reduce global greenhouse gas emissions. At Glasgow’s COP26 a year ago, the world’s nearly 200 nations promised to update their decarbonisation plans in 2022. Pessimists will accurately stress that a newly agreed loss and damage fund to pay off affected countries is just an empty bucket – the details will be determined later. At COP26 it was obvious a perceived lack of generosity from richer nations was holding back efforts to mitigate and adapt to climate change. The commitment to establish a dedicated “loss and damage” fund left many of the most controversial decisions on how it might work until next year, including who should pay into it.

Russia launched an intense wave of airstrikes on cities across Ukraine on Tuesday, forcing widespread blackouts and hitting residential buildings in the capital, Kyiv. The barrage targeted key cities from Lviv in the west to Kharkiv in the northeast, pounding energy infrastructure and knocking out power to vast areas in one of the largest coordinated attacks of the war. "85 missile strikes were fired at Ukraine, at our cities, mostly at energy infrastructure. Ukrainian Foreign Minister Dmytro Kuleba said that the strikes should put an end to pressure for peace talks with Russia. While the retaking of Kherson sparked jubilation in Ukraine, officials have cautioned that the conflict is far from over and that Putin could retaliate for the humiliation of his forces' retreat in the south.

☆ Climate Change Is Real. Markets, Not Governments, Offer the Cure. - The New York Times
▼ + stars: | 2022-10-28 | by ( Bret Stephens | Mr. Stephens Is An Opinion Columnist. Mr. Winter Is A Staff Photographer On Assignment In Opinion. | ) www.nytimes.com time to read: +32 min

worse-case, highest-carbon-emission scenario.” (The Intergovernmental Panel on Climate Change is the U.N. body that assesses climate change.) How do we weigh the risks of underreacting to climate change against the risks of overreacting to it? While he’s not an expert on climate change, he has spent decades thinking deeply about every manner of risk. That’s particularly true if climate change is akin to cancer — manageable or curable in its earlier stages, disastrous in its later ones. Maybe, I realized, in assessing my newfound concerns about climate change, my long-held beliefs might provide a solution — look to the market.

☆ Russia is bruised as winter approaches. Can Ukraine land another blow?
▼ + stars: | 2022-10-13 | by ( Rob Picheta | ) edition.cnn.com time to read: +13 min

That blast, which was used by the Kremlin as a justification for Monday’s onslaught, bruised the Russian psyche and handed Ukraine a significant strategic boost. And the airborne strikes distract from what has been a dismal stretch for Russia in the ground war. They were “an indication of the nature of the threat from Russia,” Giles said. “The reopening of a northern front would be another new challenge for Ukraine,” Giles said. Beyond weapons supplies, Ukraine will be watching to ensure that Western resolve stays firm if Russia tightens energy supplies even further.

On Wednesday, OPEC+, the oil cartel led by Saudi Arabia and Russia, agreed to slash production by 2 million barrels per day, twice as much as analysts had predicted, in the biggest cut since the Covid-19 pandemic. “Saudi Arabia is looking to head off a repeat of 2008 when the market crash sent the global economy into a recession and oil prices suddenly plummeted, requiring emergency action by OPEC,” said Wald. Analysts also say Saudi Arabia cannot afford to let oil prices go below a certain level for budgetary reasons. For its budget to break even, global oil prices must be at around $79 a barrel, according to the International Monetary Fund. That was a warning sign for Saudi Arabia and other oil exporters, who depend on oil for a majority of their revenue.

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