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Biden Nixes $35 Billion In Fossil Fuel Tax Benefits

Biden s budget proposal released Friday has targeted specific tax provisions that benefit the fossil fuel industry, and aims to eliminate measures that will generate $35 billion over the course of a decade

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08Mar2021 Pre-Market Commentary: Nasdaq Futures Tumble As Value Surge Makes Europe A Sea Of Green, DOW Futures Up 81 Points, Nasdaq Down -0 7%, US Dollar Rises 92 22, Bitcoin Up 51000

08Mar2021 Pre-Market Commentary: Nasdaq Futures Tumble As Value Surge Makes Europe A Sea Of Green, DOW Futures Up 81 Points, Nasdaq Down -0 7%, US Dollar Rises 92 22, Bitcoin Up 51000
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WoodMac s Dramatic Plan For A 600% Carbon Tax

Premium Content WoodMac s Dramatic Plan For A 600% Carbon Tax By Alex Kimani - Mar 07, 2021, 2:00 PM CST Last week, several Big Oil companies executives met at CERAWeek by IHS Markit energy conference to discuss, among other things, Strategies for the Energy Transition, Climate & ESG. An overriding theme that emerged from the symposium is that Big Oil considers carbon capture technology as being absolutely necessary in our fight against climate change. Exxon Mobil (NYSE:XOM) and Occidental Petroleum (NYSE:OXY) chiefs have said that the world still needs oil and gas, and governments need to focus on mitigating global warming using technologies such as carbon capture and storage (CCS) instead of attacking fossil fuels. And now another Wall Street analyst has thrown its weight behind Big Oil and its love for CCS.

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From Oil to Energy: IOC Strategies for the Energy Transition - How the Wider Oil and Gas Sectors are Preparing for Transition

Share this article Share this article ResearchAndMarkets.com s offering. Oil and gas demand hit hard by COVID-19 shock. Potential for long-term behavioral change after lockdown experiences creates uncertainty over transportation demand for oil. Majority of future power demand growth to be supplied by renewables. Major IOCs recognized large impairments in Q2 after downward revisions to future oil and gas price assumptions. Scope IOCs investments in multiple transition technologies BP Transition Targets Reasons to Buy Identify net zero ambitions of major European IOCs Understand key technologies IOCs are investing for for energy transition. Analyze BP s energy transition strategy Key Topics Covered:

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