HOUSTON — Joseph R. Biden Jr. won over environmentalists and liberals when he announced a $2 trillion plan to promote electric vehicles, energy efficiency and other policies intended to address climate change. But the plan released on July 14 has also earned a measure of support from an unexpected source: the oil and gas industry […]
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HOUSTON — In the first big deal since oil prices crashed four months ago, Chevron agreed on Monday to buy Noble Energy for roughly $5 billion in what many experts consider the beginning of a sweeping consolidation in the U.S. oil industry. The coronavirus pandemic has caused a sharp decline in oil demand, putting intense […]
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Iraq is the rare country that imports gas but also burns natural gas from oil wells into the air. The wasted gas is enough to power 3 million homes. Burning it is making people sick. NAHRAN OMAR, Iraq — The men of Nahran Omar, a village in the heart of southern Iraq’s oil country, filed […]
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Global emissions of methane, a potent greenhouse gas, soared to a record high in 2017, the most recent year for which worldwide data are available, researchers said Tuesday. And they warned that the rise — driven by fossil fuel leaks and agriculture — would most certainly continue despite the economic slowdown from the coronavirus crisis, […]
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The day the debt-ridden Texas oil producer MDC Energy filed for bankruptcy eight months ago, a tank at one of its wells was furiously leaking methane, a potent greenhouse gas, into the atmosphere. As of last week, dangerous, invisible gases were still spewing into the air. By one estimate, the company would need more than […]
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Well-heeled climate and energy wonks have long sought elegant market solutions to lower greenhouse gas emissions—tax incentives for green energy, or carbon pricing to gently nudge companies toward a low-carbon future. But in the past 24 hours, multiple breaking news events have pointed to what may be a more efficient, less genteel tool for stopping […]
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