Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand.
House Republicans put forward a proposal this week to impose hefty fees on states that do not approve of drilling for oil and natural gas off their coasts, a move that would pressure local leaders who oppose the Trump administration’s plan to expand offshore leasing.
It is unusual for the United States, Saudi Arabia and Russia to see eye-to-eye, much less try to achieve common energy policy goals, even indirectly.
The I-Pace is not particularly cheap—prices start at $69,500 in the U.S. before any federal or local incentives are taken into account. But it’s better looking and better made than any other BEV on sale today.
The far north is warming much faster than the rest of the world, causing permafrost to melt and forcing coastal Alaskans to retreat from the sea. Yet, $9 out of every $10 in state coffers come from the North Slope production of petroleum, which accelerates climate disruption when it’s burned.
OPEC will probably overcome internal disputes to agree on a production increase next week to temper rallying prices, according to a Bloomberg survey.
U.S. consumer prices rose 0.2% in May, with surging gasoline costs driving much of the increase.
If a paper published on Thursday correctly estimates the cost of extracting carbon dioxide from the air, regulators could do better to concentrate on that technology rather than on forcing vehicle electrification.
The National Oceanic and Atmospheric Administration said Thursday that carbon dioxide levels averaged 411.25 parts per million in May at the federal Mauna Loa observatory in Hawaii, up from 409.65 a year ago.
“Civilization requires energy, but energy use must not destroy civilization,” the pope told the more than two-dozen leaders at the event.
