West Virginia recently joined a growing number of states to divest from companies that are implementing global environmental, social, and governance standards (ESG) that demonize fossil fuels and prioritize social justice initiatives. Because West Virginia’s economy relies heavily on fossil fuel revenue, state Treasurer Riley Moore has put these ESG companies on a restricted list,…
Americans Must Fight Against ESG Agenda to Save Economy, Way of Life: West Virginia Treasurer
September 22, 2022
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Business & MarketsenergyEnergy SectorESGInvestmentMarketsPolicies & ImpactsRiley MooreUSVivek Ramaswamy
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Federal Proposals for Reduced Oil and Gas Emissions Could Be Counterproductive in Limiting Emissions: Analysts
News Analysis A federal government discussion paper on the “next steps” to reduce greenhouse gas emissions in the energy sector threatens to burden the industry with increased complexity, analysts say, while ignoring the potential for Canadian exports to indirectly reduce emissions elsewhere. Released July 18, the paper proposes either a cap-and-trade system under the Canadian…
Federal Proposals for Reduced Oil and Gas Emissions Could Be Counterproductive in Limiting GHGs: Analysts
News Analysis A federal government discussion paper on the “next steps” to reduce greenhouse gas emissions in the energy sector threatens to burden the industry with increased complexity, analysts say, while ignoring the potential for Canadian exports to indirectly reduce emissions elsewhere. Released July 18, the paper proposes either a cap-and-trade system under the Canadian…
Oil and Coal Jobs Fall Sharply as Washington Promotes Green Energy
June 28, 2022
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Business & MarketscommoditiesDepartment of EnergyeconomyEnergy Sectorfossil fuel investmentMarketsoil industryOil RefineriesUS
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Jobs in the U.S. oil and coal industry fell in 2021 while employment expanded in the green energy sector, according to the latest data from the U.S. Department of Energy. The energy sector employed over 7.8 million Americans in 2021, a 4 percent increase from 2020, the Energy Department said in a report (pdf) released on June…
Exxon Mobil Outperforming Apple? How Energy Sector Volatility Is a Two-Way Street
The energy sector is one of the few places where investors have found safety so far in 2022. While future energy stocks Plug Power Inc. and Enphase Energy Inc. are both down 16 percent year-to-date, shares of legacy oil and gas major Exxon Mobil Corp. are up 28.6 percent so far in 2022. The outperformance of energy…
Billion-Dollar Network Is Playing Politics in America’s Energy Sector, Driving up Costs: Ken Braun
Environmental groups and advocates are spending billions of dollars every year playing politics with America’s energy sector while simultaneously driving up energy costs for Americans, according to Ken Braun, the senior investigative researcher at the Capital Research Center. President Joe Biden has issued a series of executive orders since taking office in an effort to tackle the climate crisis, slash…
Power Giants Could Pay Coal Stations to Open Under Proposed Changes by Energy Minister
Households won’t pay more for their power bills under changes being considered by the federal government, the energy minister claims. Angus Taylor is considering changing how the energy system works so that dispatchable power stations like coal and gas are paid for being available. It would see the east coast market follow what occurs in…
Texas Oil Refineries Shut as Winter Storm Hits US Energy Sector
Freezing temperatures across Texas during the extended holiday weekend forced energy companies to shut oil refineries in the largest U.S. crude-producing state and restricted natural gas pipeline operations. The rare deep freeze prompted the state’s electric grid operator to impose rotating blackouts, leaving nearly 3 million customers without power. President Joe Biden declared an emergency…
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