Plans to roll back regulations on leaks of methane from US oil and gas installations have been published by the Trump administration, in its latest move to dismantle climate policies put in place by former president Barack Obama. The proposed changes set out by the Environmental Protection Agency include cutting how often companies have to monitor their wells for leaks, and making it easier for them to choose what equipment they use. They would also allow companies to meet state rather than national standards for methane controls in Texas, Pennsylvania, and four other states. The EPA said the new rules would “significantly decrease unnecessary burdens on domestic energy producers” and support increased US oil and gas production.
FT 12th Sept 2018 read more »
Global demand for fossil fuels will peak in 2023, an influential thinktank has predicted, posing a significant risk to financial markets because trillions of dollars’ worth of oil, coal and gas assets could be left worthless. Explosive growth in wind and solar will combine with action on climate change and slowing growth in energy needs to ensure that fossil fuel demand peaks in the 2020s, Carbon Tracker predicted. The projection is much more bullish than estimates by the global energy watchdog and oil and gas companies, which mostly expect demand to peak in the mid-2030s. Coal reached its peak in 2014.
Guardian 11th Sept 2018 read more »