Despite vehement opposition from the solar industry lobby, the bill sailed through both chambers of Connecticut’s legislature, passing the state Senate by a vote of 29-3 before passing the House 100-45 in the same week. Malloy, the state’s outgoing Democratic governor, is widely expected to turn the bill into law given his office introduced the measure.
According to a survey published last month in the United Kingdom, climate change risks will force a lower valuation of oil company stock prices within the next five years. But despite many predictions of demise over the last 50 years, global consumption of hydrocarbon energy continues to grow.
California is widely expected to become the first state in the U.S. to require solar panel installations for nearly all new homes.
When we stand in our own way, we fall behind, to the delight of global rivals eager to take advantage of our self-inflicted wounds.
“The group has deep ties to the legal activists and wealthy donors who are executing a coordinated and well-funded campaign against the energy industry. These connections raise a number of unanswered questions; and as the litigation continues, it’s likely that there will be even more sunlight on EarthRights International.”
The desperate attack comes as natural gas, rather than wind and solar power, replaces coal power throughout the United States.
The Court of Appeals for the Second Circuit overturned a 2017 Department of Transportation (DOT) action delaying higher fees under the Corporate Average Fuel Economy (CAFE) program. The court did not explain its rationale.
China is turning to natural gas power to fight urban smog but only produces about half as much natural gas as it needs.
A team of scientists analyzed the methane impacts of more than 100 hydro power dams in the Mekong delta and found the vast majority have a similar greenhouse gas footprint to wind and solar power.
State Department bureaucrats hoping to outlast the President, or do an end run around him to keep America in the Paris Climate Accord, just lost a great deal of ground. That's good news for those of us who care about sound science and constructive energy policies.
CFACT Senior Policy Advisor Paul Driessen warns that the impending lawsuits against oil and gas companies -- created by corrupt city governments as a last-gasp hope for escaping bankruptcy -- pose grave danger for the U.S. economy should these cities succeed. Yet, says Driessen, the very premises of these suits suggests they should be thrown out of court.
Oil and natural gas aren’t just fuels. They supply building blocks for pharmaceuticals; plastics in vehicle bodies, athletic helmets, and numerous other products; and complex composites in solar panels and wind turbine blades and nacelles. The U.S. was importing 65% of its petroleum in 2005, creating serious national security concerns. But fracking helped cut imports to 40% and the U.S. now exports oil and gas. Today’s vital raw materials foundation also includes exotic minerals like gallium, germanium, rare-earth elements, and platinum-group metals. For the U.S., they are “critical” because they are required in thousands of applications; they become “strategic” when we don’t [...]
As CFACT Senior Policy Analyst Paul Driessen explains, federal revenues from offshore drilling fell from $18 billion in 2008 to just $2.5 billion in 2016 thanks largely to Obama era policies while state revenues from closer-in rigs went up. The Trump-Zinke proposal would open federal waters (outside the 3-mile limit) to drilling, with huge potential revenues and contributions to national security. The planning and evaluation process, Driessen argues, should not be impeded.
Heartland Institute Senior Fellow (and CFACT advisor) H. Sterling Burnett, Ph.D., reviews the achievements of President Trump's energy and environmental policies at the end of his first year in office, a list he says indicates "a tremendous start" -- as evidenced by the stock market, job growth, unemployment decline, business investment, and consumer confidence -- all helping to "make America great again."
Demand for fossil fuels is growing worldwide, and depriving pension funds of companies capable of delivering that energy to global markets is playing Russian roulette with New York’s pensioners.