Energy & Fuel

"After a summer of weather extremes that highlighted the urgency of limiting global warming in starkly human terms, new research is clarifying what it will take to do so. In order to have just a 50 percent chance of meeting the most ambitious climate target, the study found, the production of all fossil fuels will need to start declining immediately, and a significant majority of the world’s oil, gas and coal reserves will have to remain underground over the next few decades."

"New York Governor Kathy Hochul on Wednesday signed into law a bill that sets a goal for all new passenger cars and light-duty trucks to be zero-emission models by 2035, joining the state of California in attempting to eliminate gasoline-powered vehicles."

"The U.S. could get as much as 40% of its electricity from solar by 2035 if the country commits to federally backed decarbonization efforts and adopts policies to promote the technology, the Department of Energy said in a report today [Wednesday]."

"The Biden administration will review a Trump-era decision to greenlight oil drilling access in most of the National Petroleum Reserve of Alaska, the Interior Department revealed in a court filing yesterday [Wednesday]."

"Proponents of renewable energy see a better way to keep power through storms expected to get stronger: make energy generation much more community-based."

"EPA plans to propose the nation’s strongest rules against methane emissions this month, escalating the Biden administration’s use of regulatory tools to reduce greenhouse gases from fossil fuel companies."

"Toyota Motor Corp said on Tuesday it expected to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system, in a bid to take a lead in the key automotive technology over the next decade."

"An oil spill unleashed by Hurricane Ida is highlighting longstanding concerns about the more than 18,000 miles of decommissioned pipelines that still snake through the Gulf of Mexico, even though they no longer transport crude and natural gas."

"Cryptocurrencies have emerged as one of the most captivating, yet head-scratching, investments in the world. They soar in value. They crash. ... And in the process of simply existing, cryptocurrencies like Bitcoin, one of the most popular, use astonishing amounts of electricity."