Brewing company Molson Coors reduced absolute carbon emissions throughout its value chain by 6.2% last year. By 2025, the company plans to reduce carbon emissions in its value chain by 20% and in its own operations by half.
Legislation introduced Wednesday in the Senate aims to accelerate approval of liquefied natural gas exports to Europe. The bill would also authorize sanctions on the Nord Stream 2 pipeline and other Russian energy projects.
Kinder Morgan said the initial service date for its Elba Island liquefied natural gas export facility in Georgia has been postponed to the final quarter of 2018. The change is a result of delays in assembling modular liquefaction units.
Northern Oil and Gas, a US independent company, has acquired producing wells in North Dakota from Pivotal Petroleum Partners. The wells produce over 4,100 barrels of oil equivalent a day, and the transaction cost $68.4 million in cash and 25.75 million shares of Northern Oil stock.
Plains All American's request for an exemption from the steel tariff for imported pipe for its Cactus II pipeline has been denied. The planned $1.1 billion pipeline can carry 585,000 barrels per day.
It would cost between an estimated $16.7 billion and $17.2 billion annually to bail out the nation's ailing coal-burning and nuclear power plants, according to a Brattle study commissioned by the American Wind Energy Association and other groups. The report, which is based on a Trump administration memo, said annual costs could be as high as $35 billion, depending on the approved payout system.
The administration of Virginia Gov. Ralph Northam should craft a master plan that will facilitate the development of offshore wind and help Dominion Energy bring a project to fruition off the coast of the state, writes Eileen Woll, offshore-energy program director of the Sierra Club Virginia chapter in Norfolk, Va. "Already, master plans adopted by other East Coast governors have inspired port investments that will net their states tens of thousands of jobs and deliver thousands of megawatts of clean energy to power their electric grids," she writes.
The wind industry's levelized cost of energy will continue to decline as turbines get larger and the technology becomes more efficient, says ONYX InSight. "But it's a mistake to think that all of these new technologies will be more reliable than their predecessors, thanks to lessons learned from older designs, or that operating costs will reduce naturally as the industry matures without increased understanding and streamlining of operations and maintenance processes," notes ONYX head of consultancy Evgenia Golysheva.
The Public Utility Commission of Texas has asked Southwestern Electric Power for more information regarding its proposed $4.5 billion, 2,000-megawatt Wind Catcher Energy Connection, which has also secured regulatory approval in Arkansas and Louisiana. Texas PUC Chairman DeAnn Walker expressed concern about the project's corresponding transmission line and its impact on ratepayers.
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