Daily on Energy: Is the U.S. oil lobby shifting on carbon pricing? Print this article
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API SHIFT: Is the American Petroleum Institute laying the groundwork to support putting a price on carbon?
It was lost in coverage of API’s State of the American Energy event yesterday, but the largest U.S. oil and gas lobby group tweaked its rhetoric around carbon pricing.
“Market-based policies can foster meaningful emissions reductions across the economy at the lowest societal cost,” reads an API
Daily on Energy: Dow Chemical among businesses cutting off Republicans Print this article
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BUSINESS RETRIBUTION: Business backlash against Republicans after the Capitol mob attack is escalating, with a number of major companies vowing to
Joe Biden’s victory.
Dow Chemical this morning became the latest, announcing it is suspending corporate and employee contributions to “any member of Congress who voted to object to the certification of the presidential election.” Dow is interesting because it donates heavily to Republicans and is active on environmental issues, lobbying the EPA to take a less heavy-handed approach in restricting chemicals and pesticides.
Daily on Energy, presented by API: Eight oil majors commit to more detailed emissions reporting Print this article
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GROUP OF OIL MAJORS PLEDGES TRANSPARENCY: Eight major oil companies are pledging more detailed reporting on their emissions reductions, following pressure from investors seeking to hold them accountable for the long-term climate targets they are setting.
As part of broader “energy transition” principles released today, the oil majors promised to begin disclosing the risks their companies face from climate change and carbon policy consistent with recommendations from the Task Force on Climate-related Financial Disclosures, the global benchmark for such disclosures.
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SIGNS OF AN ELECTRIC VEHICLE AGENDA: Former Michigan Gov.
Jennifer Granholm promises to bring a focus on electric vehicles to President-elect
Joe Biden’s Energy Department, and will work to enhance the technology’s role in moving the U.S. off fossil fuels.
Granholm, when she was governor, worked with Biden, then
Barack Obama’s vice president, on the 2009 bailout of auto companies, saving the dominant industry in her state.
Daily on Energy, presented by API: Breaking down Exxon’s new emissions promises Print this article
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WHAT EXXON IS PROMISING: U.S. oil and gas giant ExxonMobil is
setting short-term targets for reducing greenhouse gas emissions and vowing to begin publishing data on the use of its products, in response to investor pressure after years of resistance.
What Exxon is doing: The company
announced on Monday it will reduce the intensity of its emissions from its production of oil and gas and from methane, setting targets for 2025.