Washington’s greenhouse gas emissions declined 13.8 percent during 2020, according to a Jan. 6 report from the Washington Department of Ecology. The report, titled Washington State Greenhouse Gas Emissions Inventory: 1990-2021, summarizes emissions from 1990 through 2021 to track the state’s progress against its legal limits on emissions. GHG emissions increased by 8.8 percent in…...
The Biden-Harris administration released memoranda on Jan. 6 withdrawing more than 625 million acres of the U.S. ocean from offshore drilling. The action prohibits future oil and natural gas leasing in three ocean and coastal regions: the eastern U.S. Atlantic coast and Eastern Gulf of Mexico; Pacific Coast along California, Oregon, and Washington; and the…...
Benchmark Brent crude oil futures prices averaged $80 per barrel (b) during 2024, down $2/b compared to 2023, according to an Jan. 6 report published by the U.S. Energy Information Administration. Despite the geopolitical uncertainty and risks evident in the global energy market, Brent crude oil prices traded in their narrowest range since 2019, with…...