Day: November 30, 2023

How wealthy countries evade responsibility for their fossil fuel exports

Energy News Beat Editor’s note: This story was originally published by Yale Environment 360. It appears here as part of the Climate Desk collaboration. When the world convenes in the United Arab Emirates for the next round of the endless climate slog, much attention will be paid to the pledges of individual nations to cut their emissions. This […]

Northeast Natural Energy received “industry-first” ESG grade for Marcellus shale natural gas production

Energy News Beat (WO) – Northeast Natural Energy, a West Virginia-based Marcellus shale natural gas producer, has just become the first producer globally to receive an “A” letter grade from Equitable Origin (EO) for the ESG performance of its West Virginia assets. This was the result of a voluntary reverification audit conducted by Responsible Energy […]

This is what the climate crisis is costing economies around the world

Energy News Beat The economic toll of extreme weather has grown substantially, according to a World Meteorological Organization report. Extreme weather events and climate-related disasters have caused significant economic losses, reaching nearly $1.5 trillion in the decade to 2019. The international system has struggled to make the required progress on climate change, according to the […]

Bjorn Lomborg: COP28 will ignore net-zero’s atrocious waste of money

Energy News BeatThe spectacle of another annual climate conference is getting underway in the United Arab Emirates (Nov 30 – Dec 12). Like Kabuki theater, performative set pieces lead from one to the other: politicians and celebrities arrive by private jets; speakers predict imminent doom; hectoring NGOs cast blame; political negotiations become fraught and inevitably […]

Woke capitalism’s comeuppance: investments in trendy ‘ESG’ assets collapsed by $5 trillion in just two years, as Republican backlash and tumbling wind and solar stocks upend the sector

Energy News Beat Global investments in trendy sustainability assets shrank by nearly $5 trillion over two years, researchers say, as US and other financiers soured on investments seen as risky and opaque. In its biannual assessment, the Global Sustainable Investment Alliance (GSIA) said on Wednesday that investors had $30.3 trillion in sustainable assets in 2022, down from […]

Deal Spotlight Episode 1 Part 2 – The guys cover the Eddy County and Matador in the Wolfcamp A.

Energy News Beat This is the second part of the Matador in Eddy County Deal Evaluation. If you missed Part 1, you can check it out here: Deal Spotlight Episode 1 Part 1 – The guys cover the Eddy County and Matador in the Wolfcamp A. Got Questions on oil and gas investment evaluations. Because of […]

Deal Spotlight Episode 1 Part 1 – The guys cover the Eddy County and Matador in the Wolfcamp A. Got Questions on oil and gas investment evaluations.

Energy News Beat Welcome to the Deal Spotlight! #podcast #alternativeinvestment Because of the enormous requests from investors evaluating oil and gas, we are starting a new series showing people how to assess oil and gas M&A or invest. Accredited investors, family offices, and E&P operators are our largest market, asking for these evaluation pieces of […]

Insight: Defying Pope’s calls for climate action, US Catholic bishops cling to fossil fuels

Energy News Beat Nov 29 (Reuters) – Hundreds of Catholic institutions around the globe have announced plans to divest their finances of oil, gas and coal to help fight climate change since Pope Francis published his landmark encyclical on environmental stewardship in 2015 urging a break with fossil fuels. But in the United States, the […]

Saudis Offer To Invest In Sanctioned Iranian Economy To Deescalate Gaza Tensions

Energy News Beat Saudi Arabia has for the past month been directly engaging Iran on the Gaza issue, a half-year after the longtime rivals restored official relations in a China-brokered agreement. Prior to that, a decade-long proxy war had raged, chiefly centered on Syria, where Saudi Arabia and its partners backed al-Qaeda groups in an […]

OPEC+ agrees oil output cuts approaching 2 million bpd, sources say

Energy News Beat LONDON/MOSCOW/DUBAI, Nov 30 (Reuters) – OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut, delegates told Reuters. Saudi Arabia, Russia and other members of OPEC+, who pump more than 40% of […]