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A dire government report on the far-reaching impact of climate change could increase pressure on the energy industry to curb greenhouse gas emissions and political leaders to act more decisively to reduce the use of fossil fuels, analysts said. No one expects such actions while Republicans control the White House and the Senate. President Donald Trump quickly dismissed the report--produced by his own administration--telling reporters on 26 November, "I don't believe it." But, analysts said, the report's uncompromising findings that the pace of global warming is accelerating and human activity--the burning of fossil fuels such as oil, coal and natural gas--is most responsible will make it harder for the Trump administration to roll back Obama-era restrictions aimed at cutting greenhouse gas emission from power plants and oil and gas drilling. The 1,656-page report, required by Congress, offers the most comprehensive scientific study yet of climate change's impact on the US economy, public health, coastlines, and natural resources.
- Government > Regional Government > North America Government > United States Government (1.00)
- Energy > Oil & Gas (1.00)
Top global energy executives and officials on 6 March grappled with how to transition the global economy from fossil fuels to renewables quickly enough to prevent climate disaster without disrupting strategic oil and gas supplies. "Houston, we have a problem," two top executives told some of the most powerful figures in global energy at CERAWeek in the capital of the US oil industry, using the same famous line from an astronaut in the damaged 1970 Apollo 13 spacecraft. Sultan al-Jaber, chief executive of Abu Dhabi National Oil Company and president-designate of the COP28 climate summit, used the line to urge conference participants to do more faster to limit global warming, which the fuel produced by most of energy companies present had accelerated. Earlier, Petronas CEO Tengku Muhammad Taufik used the same phrase in a panel discussion on the challenge of balancing the need for energy security and affordability. Jaber's call for energy companies to work toward the transition was an unusual moment at an event that has long been a mainstay for fossil fuel producers, who have previously viewed such calls as a threat to their business.
- North America > United States (0.59)
- Asia > Middle East > UAE > Abu Dhabi Emirate > Abu Dhabi (0.27)
- Energy > Oil & Gas (1.00)
- Government > Regional Government > Asia Government (0.59)
Republican lawmakers on 12 February proposed legislation setting a goal for the US to plant a trillion trees by 2050 to fight global warming, a plan intended to address climate change by sucking carbon out of the air instead of by cutting emissions. The proposed legislation reflects an acknowledgement by some in the Republican party of rising voter demand for action on climate change, even as it seeks to preserve the economic benefits of a historic drilling boom that has made the US the world's biggest oil and gas producer. Republican President Donald Trump, who has repeatedly cast doubt on the science of climate change, had expressed support for the idea of a massive tree-planting campaign during a speech at the World Economic Forum in Davos, Switzerland, last month. "Our part at home is a lot more than just planting trees. It's utilizing the full abilities of sustainable forestry," said congressman Bruce Westerman of Arkansas, a member of the House of Representatives' Natural Resources Committee who introduced the tree planting bill.
- Energy > Oil & Gas (1.00)
- Government > Regional Government > North America Government > United States Government (0.63)
At the State Council on 17 January, Ola Elvestuen was appointed as minister of climate and environment. Elvestuen is a member of parliament and represents Oslo. He was first elected to parliament in 2013 and has been deputy leader of the Liberal Party since 2008. "Norway shall fulfil her obligations as stated in the Paris Agreement. This implies a greener society with less greenhouse gas emissions. We will implement new and environmentally friendly energy solutions, " Elvestuen said.
A dark horse concept in the race to develop clean and sustainable energy sources is getting its first major investment from the US government. The Advanced Research Projects Agency-Energy (ARPA-E), the high-risk, high-reward arm of the Department of Energy, announced it would fund 20 million in grants to advance technologies for extracting clean-burning hydrogen from deep rocks. At the moment, all of the world's hydrogen is manufactured industrially. But some researchers have concluded that, contrary to conventional wisdom, Earth harbors vast deposits of the gas that could be tapped like oil--and that reserves could be stimulated by pumping water and catalysts into the crust. The ARPA-E funding "will be the largest single investment in R&D of this nature worldwide," says Yaoguo Li, a geophysicist at the Colorado School of Mines who plans to apply to the program.
- Government > Regional Government > North America Government > United States Government (1.00)
- Energy > Renewable > Hydrogen (1.00)