U.S. President Joe Biden announced on March 8 that the U.S. will ban imports of Russian oil and gas and energy, “targeting the main artery of Russia’s economy.” This is latest action taken by the Biden administration in response to Russia’s invasion of Ukraine that began nearly two weeks ago. Biden noted that the effort…...
Commonwealth Edison Company filed a $1.7 billion plan with the Illinois Commerce Commission to expand initiatives for energy efficiency and low-income assistance from 2022-2025, according to a March 2 news release. The four-year plan updates the energy efficiency plan that the commission approved in 2021 to reflect changes enabled by the state’s new clean energy…...
Russia’s attack on Ukraine has roiled global markets, causing oil prices to soar at a time when the world is recovering from the economic fallout of the COVID-19 pandemic. The conflict, entangled with the global energy crisis, has been met with heavy economic sanctions from the U.S. and most European countries. Companies across the oil and gas value chain have also announced plans to abandon investments in Russia.
Avista Utilities and Tacoma Power on March 2 began their participation in the Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator Corp. The two utilities serve a combined 600,00 electric customers in the Pacific Northwest. The enrollment expands the utilities’ ability to incorporate additional renewable energy while continuing to meet the…...
A group of 18 U.S. Senators on March 3 introduced legislation called the “Ban Russian Energy Imports Act” aimed to prohibit the import of Russian crude oil, petroleum, petroleum production, liquified natural gas and coal, following Russia’s invasion of Ukraine. The bill would declare a national emergency with respect to Russian aggression and at once…...
The Bureau of Ocean Energy Management has identified three potential wind energy areas off the coast of Oregon that would span almost 1.4 million acres and have the potential to host around 17 gigawatts of wind capacity. The agency is now focusing on the areas with the highest potential for commercial offshore wind energy viability…...
Oil and natural gas will remain the dominant sources of energy in the U.S. through 2050, according to the Energy Information Administration’s 2022 annual energy outlook released on March 3. U.S. petroleum consumption is expected to grow by 0.5 percent per year to 22.3 million barrels per day by 2050 and domestic gas consumption by…...
Delaware Governor John Carney on Mar. 3 announced that the state will join 13 additional states in embracing California’s Zero Emission Vehicle (ZEV) regulations. Transportation has been a key driver of greenhouse gas emissions in Delaware, and increasing the number of zero emission vehicles, along with the development of the state’s electric vehicle charging network…...
Russia’s invasion of Ukraine has been met with heavy economic sanctions from the U.S. and most European countries, while companies across the oil and gas value chain have announced plans to abandon investments in Russia. The Railroad Commission of Texas has also shown its support to encourage oil and gas companies to discontinue business associations…...
The U.S. and the 30 other member countries of the International Energy Agency have agreed to release 60 million barrels of oil from strategic reserves on Mar. 1 to ensure continuity of crude supplies amid Russia’s invasion of Ukraine. This is only the fourth time the IEA has undertaken a coordinated drawdown since it was…...
The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) on Feb.26 published a co-operative cybersecurity advisory providing a summary of damaging malware that has been used to target Ukrainian organizations, along with direction on how organizations can detect and ensure privacy, protection, and safety of their networks. Organizations, following the…...
