Reducing global carbon dioxide emissions is an essential part of fighting climate change. However, not every industry can easily decarbonize, so carbon capture is essential.
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New Pennsylvania program aims to fast track permitting process for big economic projects
Governor Josh Shapiro signed an executive order establishing the first program of its kind in the nation to give critical projects a leg up during the permitting processes. The governor calls the initiative a “game changer” for economic development in the Keystone State. “We need to move quickly to get big projects built and to...
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DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
Pipeline operator DT Midstream (DTM.N), opens new tab said on Tuesday it would acquire three natural gas transmission pipelines from ONEOK (OKE.N), opens new tab for $1.2 billion in cash, boosting its presence in the Midwest market amid rapid consolidation in the U.S. industry. Increased consolidation among oil and gas producers and hurdles in getting new energy infrastructure approved...
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Unleashing New Potential for State Trust Lands
In October, The Property and Environment Research Center (PERC) published a report, Diversifying State Trust Land Revenue Through Conservation Uses, which examines the growing shift toward conservation-oriented management of state trust lands in the American West. These 40 million acres, granted to the states by the federal government to generate revenue for public schools and...
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Houston firm closes oversubscribed $450M fund for clean energy innovation
Houston-based private equity firm Pelican Energy Partners has raised a $450 million fund to invest in nuclear energy services and equipment companies. Pelican had aimed to raise $300 million for Pelican Energy Partners Base Zero LP and had imposed an initial “hard cap” of $400 million. Investors include endowments, foundations, family offices, and pension plans....
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What To Expect On The Regulatory Front In A Second Trump Term
Donald Trump won a decisive victory last week and will reoccupy the Oval Office in January. Polls suggest that dissatisfaction with the economy was one of the main reasons for his comeback and experts attribute the better economy during his first term to his tax cuts and deregulation (more than his immigration and trade policies). While Trump made fewer campaign promises...
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Elon, DOGE, and the Deep: Offshore Energy’s Role
President-elect Trump has made it clear that reducing the national debt will be a top priority for his administration. Adding to this focus, Elon Musk has thrown his weight behind the proposed Department of Government Efficiency, or DOGE, a bold initiative aimed at scrutinizing government spending and revenues. The offshore sector, encompassing oil, gas, wind, and...
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Regulations Are Making It Harder To Meet the Nation’s Power Demands
The Federal Energy Regulatory Commission (FERC) recently rejected a request to increase power generation for a data center located next to a nuclear power plant in Pennsylvania. The U.S. will need to rapidly scale up power generation to meet future demand from AI and large data centers. This decision shows how challenging this task will be. In...
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It’s the (Energy) Economy, Stupid
Minutes after pundits and political strategists received exit poll data, they began unpacking why voters of all ages, genders, and ethnicities voted for Donald Trump to be the 47th president.
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Chinese solar firms go where US tariffs don’t reach
Some of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of U.S. trade tariffs targeting it and three other Southeast Asian countries. Meanwhile, in nearby Indonesia and Laos, a slew of new Chinese-owned solar plants are popping up, out of the reach of Washington’s...
