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December 26, 2024

Fossil Fuels

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Bumps on the Road to Net Zero Highlighted at EPSA Summit
While their net-zero emission targets might not kick in until the 2030s, the power industry already is dealing with the issues they create, panelists said at the Electric Power Supply Association’s Competitive Power Summit.
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Energy Department Offers $6 Billion for Industrial Decarbonization
The U.S. Department of Energy announced $6 billion in funding for 33 projects that are meant to help decarbonize difficult-to-abate, energy-intensive industries. 
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Granholm Receives Chilly Reception at CERAWeek 2024
U.S. Energy Secretary Jennifer Granholm received a lukewarm reception from attendees at CERAWeek 2024 as a result of the administration's recent pause of liquified natural gas terminal projects.
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Key Energy Bills Win Crossover Votes in Md. General Assembly
Bills moving forward could introduce voluntary time-of-use rates in the state, disclosure statements about green power and point-of-sale EV rebates.
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Shapiro Proposes Cap-and-trade, More Renewables for Pa.

Pennsylvania Gov. Josh Shapiro announced a new state energy plan he says will ramp up renewable production and save ratepayers $252 million while generating $5.1 billion in clean energy investments.

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DOE Announces $750M in Clean Hydrogen Funding
The DOE's funding announcement is part of the administration’s effort on clean hydrogen, seen as an emerging technology that offers the U.S. an opportunity to lead the global market.
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SEC Scales Back GHG Reporting, Climate-risk Disclosure Rules
Under the finalized rules, the SEC estimates only 40% of U.S. firms and 60% of foreign companies will have to report their emissions.
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Global CO2 Emissions Hit New High, Could Have Been Higher
Worldwide CO2 emissions hit a new record in 2023 but would have climbed even higher without the rapid adoption of clean technology.
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NJ Panel Backs Bill to Increase Distribution Capacity for Renewables
A New Jersey Senate panel OK'd a bill requiring utilities to upgrade their distribution infrastructure to increase their capacity for renewable generation.  
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Crude Oil, Natural Gas Emissions Regs to be Published

New EPA standards intended to reduce air emissions from the crude oil and natural gas industries are scheduled to be published this week.


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