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The maritime shipping industry will fall short of achieving net zero greenhouse gas emissions (NZE) by 2050, the International Energy Agency (IEA) said in a report. ....
By Reuters Staff 1 Min Read NEW YORK (Reuters) - U.S. Court of Appeals for the District of Columbia Circuit on Thursday denied a request from operators of the Dakota Access oil pipeline for a stay, while they seek a Supreme Court review in the company’s battle to keep the line open. The 570,000 barrels-per-day (bpd) pipeline is the largest out of the Bakken shale basin of North Dakota and operators have been locked in a legal battle with Native American tribes on whether the line can stay open. (This story corrects headline to specify “appeals court” denied request) Reporting by Devika Krishna Kumar and Laila Kearney in New York ....
(Adds comment) NEW YORK, May 12 (Reuters) - U.S. crude oil stockpiles dropped last week and exports fell to their lowest since 2018, while gasoline inventories rose unexpectedly and distillate hit their lowest levels in more than a year, the Energy Information Administration said on Wednesday. Crude inventories fell by 427,000 barrels in the week to May 7 to 484.7 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.8 million-barrel drop. East Coast stockpiles fell to the lowest on record, according to the data. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 421,000 barrels last week, the EIA said. ....
3 Min Read (Reuters) - EnCap Investments said on Tuesday it has closed a $1.2 billion fund dedicated to investments in the burgeoning energy transition space, the first time the private-equity firm has raised money specifically for clean energy. FILE PHOTO: Wind turbines stand above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas Jackson The Houston-based firm is a prolific investor in hydrocarbons, and has raised more than $38 billion since its founding in 1988, with its latest flagship vehicle amassing $7 billion in 2017. With investors more focused on environmental considerations, capital has been pouring into clean energy production. “There’s definitely a movement among institutional investors into ESG of all kinds, including in the energy space,” Jason DeLorenzo, EnCap Investments’ managing partner, told Reuters. ....