The Department of the Interior also moved to speed up permitting for a range of energy sources, primarily fossil fuels.
oil
Posted inBusiness, Local & State, News
Trump tariffs may roil Maine energy prices and lobster, lumber markets
Canada, which is Maine’s largest trading partner, could be particularly hard hit by a 25% universal tariff, as suggested by the president.
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Posted inBusiness, Nation & World, News
U.S. oil and gas must cut methane 80% to meet industry targets, new data shows
On average, data collected from the Environmental Defense Fund shows around 1.6% of gross gas production is released as methane into the atmosphere.
Posted inBusiness, Nation & World, News
Congressional leaders discussing Iran oil sanctions
That legislation could increase crude prices by as much as $8.40 a barrel, which would add 20 cents per gallon for gasoline if the sanctions were passed into law and enforced.
Posted inBusiness
Fuel companies must pay more to drill on public lands under new Biden administration rule
The new rule does not go so far as to prohibit new oil and gas leasing on public lands, as many environmental groups have urged and as Democratic President Biden promised during the 2020 campaign.
Posted inBusiness, Nation & World
Ohio commission awards bids to frack oil and gas under state parks, wildlife areas
Fracking opponents decried the commission as being ‘sheep’ and giving in to corporate greed at the expense of Ohio greenspace.
Posted inBusiness, Nation & World, News
Standoff over future of fossil fuels pushes climate summit into overtime
Another compromise version of the cornerstone document, called the global stocktake, was being prepped Tuesday evening.
Posted inBusiness, Times Record
Climate demonstrators call for L.L. Bean to discourage fossil fuel investment
Demonstrators have been stationed outside the Freeport flagship retail store for weeks, calling for the company to discourage Citibank from investing in new fossil fuel infrastructure or to divest entirely.
Posted inBusiness, Local & State, News
Fifty years ago, the energy crisis officially began. And it hasn’t ended.
An attack in the Mideast led to an oil embargo in the West, and Mainers learned just how precarious their energy situation could be. The repercussions remain.
Posted inNation & World
Ecuadorians reject oil drilling in the Amazon, ending operations in a protected area
The outcome represents a significant blow to Ecuadorian President Guillermo Lasso who advocated for oil drilling, asserting that its revenues are crucial to the country’s economy.