![]() ![]() Petrobras Board Member Lambastes Export Tax (3:00 pm) ![]() Under a five-year memorandum signed in Houston on Thursday, the companies also pledged to “establish projects to preserve biodiversity” with an aim to selling carbon-offset credits, according to an email. Shell and Brazil’s state-owned oil giant Petrobras agreed to cooperate on a broad range of ventures including offshore oil exploration and carbon capture. Shell, Petrobras to Work Together on Drilling, Carbon Capture (3:04 pm) Participants and observers included representatives from ConocoPhillips, EQT Corp., Project Canary, Sempra Infrastructure, various European countries, and the United Arab Emirates, which is due to host the COP28 UN climate summit in November. The session was described by multiple participants who asked not to be identified because it was private. Some producers are moving aggressively to fix leaks.Įnergy Department officials discussed their plan with gas producers, exporters and third-party methane assessors during a 90-minute closed-door meeting on the sidelines of the conference in Houston. However, such emissions can vary widely across companies, regions and even pipeline systems. Methane is a particularly potent greenhouse gas and can undermine natural gas’s environmental advantages over coal. Gas buyers are increasingly concerned with the amount of methane that goes straight into the atmosphere from leaky pipes and wells. US Meets With Energy Executives to Discuss Green Gas Standards (4:00 pm)īiden administration officials met Thursday at CERAWeek with US energy executives about a potential framework to govern the certification of so-called responsibly sourced natural gas, amid surging interest in how to distinguish between the most- and least-polluting suppliers of the fuel. With California’s target of 100% clean electricity by 2040, these will primarily be wind, solar and battery projects that will likely come online in 2028, Ganapathy said. Even then, there aren’t enough renewable projects to meet demand, she said.īids will be evaluated at the same time to figure out the changes needed to the transmission system, rather than analyzing each project individually. ![]() This is a significant increase over past rounds, Ganapathy said in an interview at CERAWeek, because demand is greater and the Inflation Reduction Act is pushing development a lot higher. EDP is one of the world’s largest renewable developers. And Michael Regan, administrator of the US Environmental Protection Agency, will speak later this afternoon.įor more CERAWeek coverage, sign up now for our Elements newsletter, a daily guide to the energy and commodities markets.Ĭalifornia Grid Operator Seeks Bids for Renewable Projects (4:15 pm)Ī power auction being held next month by the California Independent System Operator, which manages the state grid, could draw as many as 200 gigawatts of projects vying to be connected to the grid, said Sandhya Ganapathy, CEO of EDP Renewables North America. Phillips, chairman of the US Federal Energy Regulatory Commission, made remarks midday. Shell Plc Chief Executive Officer Wael Sawan spoke early in the morning. Highlights will include discussions on carbon markets, energy efficiency and the big challenges in connecting renewable energy sources to the grid. Today is mostly about power and electrification. US Energy Secretary Jennifer Granholm’s keynote address struck a friendly tone as she sought to mend ties between the fossil-fuel industry and the Biden administration. Yesterday was heavy on discussions of electricity and natural gas. (Bloomberg) - It’s day four of CERAWeek by S&P Global in Houston. ![]()
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7/19/2023 03:37:29 am
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