Royal Dutch Shell Plc will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year. “Some of the regulatory rollbacks that we’ve seen under the current administration haven’t actually benefited our industry,” Shell U.S. President Gretchen Watkins said Tuesday on a webcast hosted by the Greater Houston Partnership. The easing of direct regulation of methane emissions put the energy industry in a “backwards-facing position,” while the absence of carbon pricing makes it harder to incentivize new technologies like carbon capture, Watkins said. “Whoever is in the White House, we will work constructively with them and are actually very much looking forward to building that relationship with the new administration that’s coming in in January,” she added. - Bloomberg
Occidental Petroleum Corp OXY.N on Tuesday laid out a target to reduce greenhouse gas emissions at its operations to net zero by 2040, becoming the latest oil and gas company to set long-term climate goals. Oil and gas producers, under pressure from investors who want to see the industry operate more cleanly, have announced new emissions targets this year even as they have slashed spending and production following a coronavirus-driven plunge in crude prices. Occidental will provide detail on its net-zero target by the end of November when it releases its sustainability report, Chief Executive Vicki Hollub said on an earnings call with analysts. - Reuters
In a last-minute push to achieve its long-sought goal of allowing oil and gas drilling in the Arctic National Wildlife Refuge in Alaska, the Trump administration on Monday announced that it would begin the formal process of selling leases to oil companies. That sets up a potential sale of leases just before Jan. 20, Inauguration Day. The Arctic refuge is one of the last vast expanses of wilderness in the United States, 19 million acres that for the most part are untouched by people, home instead to wandering herds of caribou, polar bears and migrating waterfowl. It has long been prized, and protected, by environmentalists, but President Trump has boasted that opening part of it to oil development was among the most significant of his efforts to expand domestic fossil fuel production. - NYTimes
I started a CGCC Facebook page in May of '20 to share geo-environmental news but had qualms about FB's issues with accuracy. GeoNews is a response and at least a partial solution. sharing a few items from reliable sources each week.