A new study from Climate Central shows that the U.S. saw impressive overall growth in wind and solar energy capacity in 2022. Red states, but especially Texas, led the country in clean energy production last year. Read...
energyeconomics
Auto Added by WPeMatico
It’s been a hell of a year in energy. 2022 was full of historic changes—and quite a few surprises—as the world grappled with an energy crisis and reached a turning point in the energy transition. Here, we break down the top moments that made our eyebrows shoot up. Read...
Several oil giants released their capital expenditure budgets for the year ahead this week, including Exxon Mobil and Chevron, the U.S.’s two biggest oil companies. The budgets are an interesting insight into how the industry is going to move forward with the spoils of their banner year—and...
On this fine Wednesday, may I present you with a rare bit of positive climate news: Sustainable energy is on the rise. Globally, the amount of renewable energy from sources like wind and solar is set to increase as much in the next five years as it did over the past 20, according to a new report...
It’s suddenly a lot less painful for Americans to pay for gas—but don’t tell that to the House’s new GOP leadership, who are determined to keep falsely blaming climate action for high energy prices. Read...
The White House and the Department of Energy (DOE) are soliciting applications from utility companies, state governments, and tribal nations to create a stronger energy grid. The DOE has announced that it is ready to use $13 billion in funding for the much-needed energy upgrade. Read...
Biden Tells Oil Companies to ‘Stop War Profiteering’ and Threatens New Corporate Taxes Amid Record Petroleum Profits
|
President Joe Biden is apparently sick of watching oil companies rake in record profits while consumers pay big bucks at the pump. He threatened new windfall profit taxes against fossil fuel giants, and cautioned corporations to cease cashing in the war in Ukraine, in a Monday speech. Read...
In the world of climate change, we’ll take all the good news we can get. The energy crisis kicked off by Russia’s invasion of Ukraine earlier this year could represent a “historic turning point” for ending the world’s reliance on fossil fuels, the world’s top energy agency said this...
The most powerful countries in the world keep ratcheting up public funding for fossil fuel projects and increasing emissions—despite the fact that continued investment in dirty fuels could push us beyond the warming targets laid out in the Paris Agreement. Read...
The most powerful countries in the world keep ratcheting up public funding for fossil fuel projects and increasing emissions—despite the fact that continued investment in dirty fuels could push us beyond the warming targets laid out in the Paris Agreement. Read...
It can be hard to understand what the hell is going on with the global energy market. Since Russia’s invasion of Ukraine in March, the news has been a non-stop churn of confusing updates about oil prices, gas supply, and a stew of acronyms (OPEC? SPR?). The whole thing can be intimidating to...
Global emissions in 2022 are projected to rise just a fraction of the amount they increased by last year, thanks in large part to a surge in renewables installation and electric vehicle use, a major global energy organization said this week. Read...
Renewables have been keeping pace with growing global energy demand, a new analysis finds, in an encouraging sign during a global energy crisis. But there’s trouble ahead for clean power, as climate change keeps wreaking havoc and supercharging droughts and heatwaves. Read...
Five of the world’s biggest fossil fuel giants aren’t putting their money where their mouths are. Shell, BP, Chevron, ExxonMobil, and TotalEnergies are all spending hundreds of millions of dollars each year to look better on climate change—while at the same time investing a relative pittance...