"U.S. oil climbed to the highest level in more than a decade in Wednesday trade, with global benchmark Brent topping $113 per barrel after OPEC and its oil-producing allies, which includes Russia, decided to hold production steady."
"The Biden administration will not challenge a federal court ruling that it did not sufficiently consider climate change when it auctioned off 1.7 million acres in the Gulf of Mexico last year, accepting a decision that invalidated the largest offshore oil and gas lease sale in the nation’s history."
Industry executives and their allies on Capitol Hill are citing the war in a push for long-sought policy goals such as pipeline approvals, expanded exports of natural gas and more drilling rights -- even as the White House says companies aren’t making full use of the permits they already have."
"Even as the United States and its allies have hammered Russia’s economy in response to the invasion of Ukraine, they have held back perhaps the most powerful weapon in their arsenal: a total embargo on oil and gas."
"The United States and other world powers have agreed to release 60 million barrels of oil from their strategic reserves, a move intended to reduce gasoline prices that have climbed rapidly in recent weeks, according to the International Energy Agency."
"The war in Europe adds to the urgency of transitioning to clean energy sources such as solar and wind power that are harder for bad actors such as Russia to disrupt, those experts say."
"The administration is supporting the crafting of a global treaty that would address pollution across the plastics life-cycle, from manufacture to disposal."
"It’s a race to the door for oil and gas companies with operations in Russia. Over the past 24 hours, three major international oil companies—BP, Equinor, and Shell—have publicly announced they will get out of the Russian oil business in response to Russia’s war against Ukraine."
"Numerous companies are developing technologies, such as large kites, that can harvest wind energy up to a half-mile above ground. While still in its nascent stages, airborne wind power could potentially be used in remote locations or flying from barges far offshore."
"The United States government netted a record $4.37 billion on Friday from the sale of six offshore wind leases off the coasts of New York and New Jersey, a major step in the Biden administration’s goal of ushering in a future powered by renewable energy."
Advertisement 
