"Shell, BP Boost Profit, Sink Investment In Renewable Energy"
"While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed."
"While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed."
As part of our 2023 Journalists’ Guide to Energy & Environment special report, we’ve got highlights from last week’s reporter panel on the year ahead, led by #SEJ2023 conference co-chair Tom Michael (pictured, left). The focus was largely on the U.S. West, where challenges abound over issues like equitable siting of renewable energy infrastructure, regulating natural gas, managing wildfires and addressing the health consequences of climate-driven heat waves. Read our account, plus check out the full 2023 Guide.
"The Biden administration on Thursday announced that it would issue a $2 billion loan to a battery manufacturing facility as it looks to bolster the country’s supply chain for electric vehicles."
"BP’s chief executive, Bernard Looney, said on Tuesday that the company would pare back its plans to reduce oil and gas production in the coming years, a move that would result in higher-than-expected carbon emissions."
"The Inflation Reduction Act was hailed for its climate funding – but some are concerned several provisions will worsen a growing environmental disaster".
"A federal judge in Nevada on Monday upheld the federal government’s approval of the largest proposed lithium mine in the nation, dismissing arguments that the Thacker Pass project would degrade nearby aquifers, air quality, and habitat for the imperiled greater sage grouse."
In our annual analysis of what’s ahead on the environment beat in 2023, there are some things to count on: worsening climate disasters and continued politicking over energy transitions, but also regulatory action on greenhouse gas emissions (not to mention on “forever chemicals”). Other things are less clear: environmental rulings by a conservative U.S. Supreme Court, energy impacts of war in Europe and the effectiveness of COP28 and treaty talks on plastic pollution. Read the full overview and get more in our “2023 Journalists’ Guide to Energy & Environment” special report.
"The crisis facing billionaire Gautam Adani has revealed a potential pitfall in India’s ambitious plan to reduce emissions: its reliance on the country’s most affluent and powerful private citizens."