Biden Snubbed Oil Firms And Met With Offshore Wind Partnership

By Charles Kennedy – Jun 24, 2022, 11:00 AM CDT Biden met on Thursday with industry leaders to boost offshore wind capacity. Oil refiners, in the meantime, were summoned to meet with Secretary Granholm. Granholm’s meeting with US refiners didn’t lead to any commitments from either side. US President Joe Biden … Read more

Centrica Turns To Former Soldiers In Push Towards Net-Zero Ambitions

Centrica is planning to hire about 500 former soldiers, sailors, and air force personnel by the end of next year as it looks to transition to Net Zero. The energy giant will recruit them into engineering roles across British Gas and the wider group as the company aims to reach Net Zero by 2045. Greg … Read more

Granholm Meeting With Oil Refiners Ends With No Commitments

An emergency meeting between Energy Secretary Jennifer Granholm and representatives of the oil industry ended with no firm commitments from either side, although the Energy Secretary signaled that the plan to ban fuel exports might be taken off the table. Per a readout released by the Department of Energy, Granholm seems to have reiterated to … Read more

The World Is Failing In Both Energy Affordability And Climate Goals

Global energy investment is on the rise and expected to grow by 8 percent annually this year, pushed up by record spending on clean energy, the International Energy Agency (IEA) said in its new report World Energy Investment 2022. On the face of it, that’s great news for global energy supply and climate goals. But … Read more

A Giant Sunspot Doubled in Size in 24 Hours, And It’s Pointing Right at Earth

A gigantic sunspot has swelled to twice Earth’s size, doubling its diameter in 24 hours, and it’s pointed right at us. The sunspot, called AR3038, grew to 2.5 times Earth’s size – making the sunspot roughly 19,800 miles, or 31,900 kilometers, in diameter – from Sunday (June 19) to Monday night (June 20), according to … Read more

Alberta electricity rebates to start in July

Electricity rebates announced by the UCP government more than three months ago will begin arriving next month. In a news release Wednesday afternoon, the province said almost two million Albertans will receive rebates on their electricity bills beginning in July. Read more: Receive an energy rebate text message? It’s a scam, says Alberta government More … Read more

Ottawa’s Trans Mountain purchase is no longer projected to be profitable, PBO says

Pieces of the Trans Mountain Pipeline project sit in a storage lot outside of Hope, BC, on June 6, 2021.COLE BURSTON/AFP/Getty Images Ottawa’s purchase of the Trans Mountain pipeline expansion project is no longer projected to be profitable because of construction delays and higher costs, Parliamentary Budget Officer Yves Giroux says in a new report. … Read more

Gordon Pape: Pipelines have performed better than most during the market pull-back. Here are three to consider

Almost all stocks decline in a bear market, but pipeline companies are doing better than most. The reason is twofold. For starters, global demand for oil and natural gas is keeping their lines full and their pumps working at maximum capacity. There’s no indication this will end soon, even with growing talk of a recession. … Read more

Natural Gas In The Limelight As Power Demand Soars

While oil markets remain incredibly tight, it is natural gas markets that are making headlines in energy markets this week. Russia is sending less natural gas to European countries and Northeast Asian nations are seeing power demand surge amid intense heatwaves. Chart of the Week – Russian pipeline gas supplies have dropped to their lowest … Read more

The EU Is Considering Capping Gas Prices

Italy’s idea that the EU imposes a cap on natural gas prices has emerged as the “only sustainable solution” to soaring energy prices, Italian Energy Transition Minister Roberto Cingolani said at an energy conference in Rome on Tuesday. Weeks ago, Italy proposed to the other EU member states that they place a cap on the … Read more