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Search resuls for: "Frank Macchiarola"


4 mentions found


☆ How Trump could spare Biden's renewable energy credits and still cripple his landmark climate bill
  + stars: | 2024-12-19 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com   time to read: +8 min
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States' 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan. Renewable energy tax credits are likely safeA priority for Republicans going into 2025 is extending the expiring provisions of the Tax Cuts and Jobs Act of 2017. The IRA contains a range of targeted tax incentives designed to drive clean technology and energy production across the country. Adam Gray | ReutersMost of the final rules governing implementation of the IRA tax credits have either been finalized or are expected to be by the end of the year. Former U.S. President and Republican presidential candidate Donald Trump greets Governor of North Dakota Doug Burgum at a rally, in advance of the New Hampshire primary election in Laconia, New Hampshire, U.S. January 22, 2024.
Persons: Donald Trump, Emily Elconin, Joe Biden's, Scott Bessent, Chris Wright, Doug Burgum, Mike Johnson, Joe Biden, Sen, Joe Manchin, Chuck Schumer, James Clyburn, Frank Pallone, Kathy Catsor, Drew Angerer, Tanuj Deora, Trump, Keith Martin, Norton Rose Fulbright, Bessent, Martin, Adam Gray, Julie McNamara, Wright, Tesla, Elon Musk, Claire Broido, Johnson, Andy Cross, Frank Macchiarola, Burgum, Deora, North Dakota Doug Burgum, Mike Segar Organizations: National Guard Association of, United States, 146th General Conference & Exhibition, Place, Getty, Republican, White, Senate, Liberty Energy, Department of Energy, Interior Department, North Dakota Gov, CNBC, Trump, Massachusetts Institute of Technology, SC, Trump Cabinet, Biden, Federal, Congressional, Office, Norton, Financial Times, U.S . Treasury Department, New York Stock Exchange, NYSE, Reuters, Union of Concerned, Treasury, Business, Department of Energy's, Government, Oilfield, Liberty, Denver, American Clean Power Association, Former U.S, Governor, New Locations: United, Detroit , Michigan, Washington, New York City , New York, U.S, North Dakota, New Hampshire, Laconia , New Hampshire
☆ Oil companies hit with backlash after bringing in $200 billion in profits last year
  + stars: | 2023-03-03 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +1 min
Oil companies pulled in record profits in 2022, as oil prices skyrocketed. Revenues for the biggest integrated European and American oil companies nearly doubled during 2021. "Oil companies' record profits today are not because they're doing something new or innovative," President Joe Biden said Oct. 31. The industry has said the depiction of oil companies as greedy war profiteers is false. And while oil companies raked in cash in 2022, their fates are closely tied to the price of oil — when it falls, they lose.
☆ Biden takes aim at methane emissions with new rules on oil and gas industry
  + stars: | 2022-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Denise Chow | ) www.nbcnews.com   time to read: +4 min
The Biden administration on Friday announced plans to significantly tighten regulations against methane emissions from domestic oil and gas drilling. The Environmental Protection Agency said the proposed standards would reduce methane from the oil and gas sector by 87% below 2005 levels. In the United States, oil and natural gas operations are the nation’s biggest industrial source of methane, according to the EPA. The Biden administration announced its plan to reduce methane emissions in November 2021 at the last U.N. Last year, the U.S. and the European Union launched the Global Methane Pledge, which aims to reduce the world’s methane emissions by 30 percent by the end of the decade.
☆ Shale firms discount 'U.S. put' as inadequate to lift oil output
  + stars: | 2022-10-22 | by ( Arathy Somasekhar Stephanie Kelly | Arathy Somasekhar | Stephanie Kelly | ) www.reuters.com   time to read: +2 min
"That announcement was making it appear like he was throwing a bone to the oil industry," said Tricia Curtis, CEO of consultancy PetroNerds, who dismissed the offer. Register now for FREE unlimited access to Reuters.com Register"What if oil does not fall to that price: Do we just keep our reserves low?" U.S. oil prices hit $120 per barrel this year and did not trigger a production boom because of shortages and high costs for labor and equipment, said Hunter Kornfeind, oil market analyst at Rapidan Energy Group. Rebecca Babin, senior energy trader at CIBC Private Wealth, said tight oil supplies have pushed up price expectations into 2024. If the Biden administration wants to boost oil supplies, it "should change its policies around producing more oil and gas in the United States," said Frank Macchiarola, a senior vice president at trade group American Petroleum Institute.
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