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IDBEN PLAN: The oil and fuel industry, like Pennsylvania’s union leaders, has reassured Joe Biden’s assurances in recent weeks that it would impose a national fracking ban.
But the American Petroleum Institute, the largest lobbying organization in the oil industry, continues to fulfill Biden’s promise to block new oil and fuel on federal land and water.
This policy, unlike the prohibition of more divisive fracking, is a pillar of the entire number one dominance of Democrats, a common feature that makes it outdated and overlooked today, but the potential effects on oil and fuel operations are serious.
“It’s not enough to say that he opposes the ban on hydraulic fracturing when it is said that the progression of oil and fuel on federal land is being limited,” Frank Macchiarola, senior vice president of policy, economics and regulatory affairs at API, said in a recent interview. with Josh, adding that he “appreciates” Biden clarifying his position in fracking.
It is true that most fractures now occur on personal land, but much of them occur on federal territory. Biden’s ban would not affect oil and fuel leases, which can last 10 years.
For example, while most of the Permian Basin exists on personal land in west Texas, some of it is spreading to public lands in New Mexico. And the New Mexico component in the permian is the position to drill right now, as noted through Bloomberg’s Rachel Adams-Heard.
Last month, there were more oil drilling rigs in Eddy and Lea counties in New Mexico than in any U. S. county.
Local and state economies would be affected: API published a study last month that said New Mexico could lose more than 62,000 jobs as a result of a federal drilling ban. Oil and fuel account for about 40% of the state budget.
New Mexico’s Democratic governess, Michelle Lujan Grisham, has said in the past that she needs New Mexico, the main beneficiary of federal land energy revenue, to be exempt from any drilling bans. However, Grisham’s office has shown less commitment recently.
But there are transparent benefits for Biden: policy advocates say a federal drilling ban would be symbolically vital and would have a decent effect on emissions reduction. Most vitally, federal law gives the executive broad powers over how to manage public lands. , which means it’s anything Biden can do without Congress.
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TRUMP IS CHECKING THE PROMISE REGISTER: President Trump, his first term, has largely responded to an oil and fuel industry facing monetary difficulties and expands public control, providing tax cuts and regulations, Josh reports in an article this morning.
But the pandemic-driven cost crash has slowed progress toward Trump’s promise of “energy dominance,” and many deregulation movements are being taken to court and Biden canceling paintings – a restoration reversal, so to speak. ).
Since oil and fuel are the next target of climate activists after the coal disappear, Trump’s policies will be remembered for helping to avoid a worse fate if Hillary Clinton had won.
“Not only did they dodge a bullet. They dodged a salvo of cannonballs,” said Bob McNally, president of Rapidan Energy Group and former oil leader of George W’s administration. Bush.
There were also bad things for the oil industry: hello, the industry war in China and Trump’s recent turning point that led to the expansion of offshore drilling bans.
Critics say Trump has been destructive to oil in the long run, generating failed deregulation tables and provoking climate activism through corporations and investors.
“I don’t think Trump has delayed industry disruptions, it’s made them worse,” said Ben Ratner, senior director of Environmental Defense Fund Business.
Look into the courts for Trump’s greatest legacy: He has installed more than two hundred federal judges and has a chance to give the Supreme Court a conservative 6-3 majority. As ClearView’s Kevin Book points out, “If the legislation doesn’t change, this legacy is for the oil and fuel industry. “
Meanwhile, if Biden wins and Democrats end systematic filibuster to pass new climate legislation, Trump’s appointed judges, determined to read the law as written, may not be likely to interfere. This makes this “choice by far the maximum”. decisive for energy policy, “says McNally.
THE PÉTROLE AND THE GAZ PUNTUAN A COURT WINNER IN THE MÉTHANE: A federal district court oversteald an Obama-era agreement restricting the production of methane of oil and fuel on federal lands, a victory for industry teams after a legal exchange lasted Trump’s first term.
“We are pleased that the overreaction was revoked today,” Western Energy Alliance President Kathleen Sgamma said of the decision. His organization had been one of the challenges of the Obama-era administration, which limited the evacuation and burning of methane.
The Trump administration had unsuccessfully attempted to administratively eliminate the Bureau of Land Management Regulations, but that effort was overdulled through a separate federal district court in California in July, reviving the lawsuit opposed to the Obama-era rule of origin.
The Wyoming District Court, in a ruling Thursday night, ruled that the Obama administration rule is illegal in a component because it stretched the authority of the Bureau of Land Management and invaded the EPA’s role in reducing atmospheric and climate emissions, especially since the EPA had not done so. it still sets methane limits for existing oil and fuel wells.
Since then, Trump’s EPA has eliminated all federal methane emissions.
The fight is over: California attorney general Xavier Becerra has already announced that he will appeal the resolution and continue to protect the Obama-era methane rule.
Even the litigation identified through the court will likely continue. “Three years and part later, after several loops and turns, it turns out that the roller coaster is back at the station, the Court doubts that either party still gets out of the merry-go-round,” Judge Scott Skavdahl wrote.
UTILITY CITY ENERGY CIBLE 2030 based on ICI 2030: The North Carolina-based app announced Friday that it will seek to reduce methane emissions from its two local fuel distribution corporations to 0 over the next decade.
To do so, the company will track and measure methane emissions, adding through a continuous pilot test tactics to measure methane via satellite and air, said Sasha Weintraub, who runs Duke’s herbal fuel business unit. operations and damage prevention, Weintraub said in a presentation to investors on Friday.
“We may want a refund to achieve those goals, and if we do, we will use renewable herbal fuel,” Weintraub added. Renewable herbal fuel is a fuel derived from biological waste such as cow manure.
In other notable Duke Investor Day news: the app will charge a meteorological measure to your executive refund next year, related to its purpose of achieving 0 broadcasts through 2050, said Lynn Good, Duke’s CEO.
As for the policy, Good responded to considerations that Trump’s recent executive order extending the offshore drilling ban off the coast of several southeastern states can have a negative effect on offshore wind leases. Good said Duke Energy is learning more about the order, but it does not expect it from existing offshore wind leases. He also said there would be “favorable winds” to inspire the expansion of renewable energy, even if the tax credits for wind and sun do not continue in Congress.
BANKING ON NET-ZERO: HSBC, Europe’s largest bank, committed itself Friday to its customers’ carbon emissions at net zero until 2050 or earlier.
The bank said it would provide between $750 billion and $1 trillion in financing for consumer transfers to cleaner energy.
HSBC aims to generate zero emissions for its own operations and source chain even before, until 2030.
Activists applauded HSBC’s plan, but criticized the bank for promising to avoid investment in fossil fuels, adding for the coal sector, in Asian countries.
JPMorgan Chase faces questions about how it manages fossil fuel consumers like ExxonMobil after pronouncing this week that it would align its investment with the Paris weather deal. Morgan Stanley also announced last month its own weather commitment to combating zero-funded net emissions until 2050. .
PENDLEY POWER PLAY: Okay, then. ” Two weeks after a federal ruling in Montana ruled that the Trump administration’s selection to run the Bureau of Land Management took the place of work illegally, William Perry Pendley [said] that the resolution had not replaced anything,” the Powell Tribune reported Thursday.
Pendley, in an interview with the Wyoming-based media outlet, said the Federal Court’s ruling “had no effect, had no effect. “
“I have the president’s. I have the home secretary’s and my job is to get out and do things to do what the president needs to do, which means expanding recreational opportunities on federal land and expanding employment opportunities. “so that we can [financially] go back to where we were before the pandemic,” Pendley said.
This comes days after the Home Office said Secretary David Bernhardt would oversee the BLM while he appealed the court’s decision, but would also retain Pendley as deputy director of systems and policy.
YOU CAN’T KICK THE COAL: Trump’s promises to revive coal have failed due to unstoppable market forces, yet the administration is showing up for the industry in the weeks leading up to the election.
Energy Secretary Dan Brouillette, shortly after a stopover at a Montana coal mine, travels Monday to Norfolk, Virginia, to stop at Lambert’s Point export terminal and “emphasize the importance of coal in America’s energy future,” according to the agency. More than a third of U. S. coal exports are in the middle of the U. S. coal exports. U. S. , which fell by almost 30% in the first part of this year, leave the site.
MORE $$ FOR NUCLEAR: The Department of Energy announced Thursday that it will offer $26. 9 million in investment for 3 complex nuclear generation projects.
Beneficiary projects in California, Connecticut, and Minnesota come with two hydrogen demonstrations that can simply increase the flexibility and profitability of existing soft water nuclear power plants.
“These awards continue to demonstrate DOE’s commitment to accelerating THE’s complex public-private nuclear-generation partnerships. But it’s not the first time With our industry partners and national laboratories,” said Rita Baranwal, undersecretary of the Office of Nuclear Energy.
The DOE will also unveil next week the beneficiaries of its Advanced Reactor Demonstration Program, presented in May, which provides $160 million to corporations to build two reactors that can be up and running in five to seven years.
SENATE DEMOCRATS QUESTION BLACKROCK’S CLIMATE COMMITMENT: “He’s falling behind his peers in exercising their fiduciary duty to hold corporations accountable for their contributions and exposure to climate risks,” wrote Larry Fink, Chief Executive Officer of BlackRock, five Senate Democrats. .
Senators Brian Schatz, Sheldon Whitehouse, Elizabeth Warren, Tammy and Martin Heinrich say BlackRock’s call-by-power record is “problematic and inconsistent” with Fink’s January commitment to making climate and sustainability a central component of his business in which he invests.
BlackRock subsidized some “climate-critical” shareholder resolutions in 2020, according to the senators’ letter. The asset manager also objected to shareholder resolutions that would increase the disclosure of election expenses and lobbying.
THE NEW ADVERTISING LCV CIBLE THE GREAT GASOLINE: “The great oil tanker knew it. The great oil tanker lied. We want a president to make them pay,” the text says at the end of the new 60-second Biden Conservation Voter League Victoria Fund announcement.
The environmental organization unveiled the announcement Thursday as part of a $2 million virtual and cable purchase, which will begin in Arizona’s main transitional state. to override environmental controls in the industry.
The launch comes the same week biden’s crusade launched its own climate replacement ad, a 60-second ad with Michigan farmers. This is the first time a presidential crusade has published an announcement about climate replacement in the general election.
TRUMP’s New Seasoning for ETHANOL: The Agriculture Decomposer announced Thursday that it will invest up to $100 million to increase sales of ethanol and biodiesel, as a component of the Trump administration’s most recent biofuels initiative in the run-up to the election.
On Thursday, the company distributed the first $22 million in project grants in 14 states and warned that investment would increase demand for ethanol by approximately 150 million gallons per year.
Saudis in The Wall Street Journal cancel OPEC plans to bring production to life
Wall Street Journal No oil in Wisconsin. The failure of fracking touched it anyway.
Reuters Hurricane Delta shuts down maximum offshore oil production in the US. But it’s not the first time In 15 years
Bloomberg Pipeline’s billionaire follows the playbook, resigning
Reuters California wants forests to fight climate change, but they turn into smoke
Bloomberg Court of Justice boosts EPA authority and questions the adequacy of the rules
TUESDAY, TUESDAY, TUESDAY, TUESDAY, October 13
2 p. m. La National Hydroelectric Energy Association, in partnership with ClearPath, is organizing a virtual occasion entitled “What do the 2020 elections mean for blank energy?”