Tag: Natural Gas

Oil and Gas Groups See ‘Some Common Ground’ in Biden Energy Plan

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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Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

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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Southern Iraq’s Toxic TwilightBurning Gas and Poisoning the Air

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 Methane Emissions Reach a Record High

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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Fracking Firms Fail, Rewarding Executives and Raising Climate Fears

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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How Anti-Pipeline Protesters Made the Fossil Fuel Industry Face Economic Reality

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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