Dozens of state and local budgets depend heavily on tax revenue from oil, gas and coal to fund schools, hospitals and more. Replacing that money is turning out to be a major challenge in the fight against climate change.
Tag: Oil (Petroleum) and Gasoline
France Will Renationalize EDF
The state already has a majority stake in France’s main electricity and nuclear company. The move reflected President Emmanuel Macron’s desire to champion economic and energy sovereignty.
How One Restaurateur Transformed America’s Energy Industry
Charif Souki’s longshot bet on liquid natural gas, or L.N.G., paid off handsomely — and turned the United States into a leading fossil-fuel exporter.
Biden Administration Offers an Offshore Drilling Plan. Likely Backers: Very Few.
The five-year plan for America’s coastal waters, required by law, risks angering both the fossil fuel industry and environmentalists.
With Climate Agenda Stalled at Home, Biden Still Hopes to Lead Abroad
The United States has demonstrated international leadership on climate change in the past, but recent setbacks are presenting new challenges for President Biden.
Missing From Biden’s Europe Trip: An Endgame for War and Cheaper Gas
The G7 and NATO meetings this week underscored the pressure on Western leaders caused by soaring energy costs resulting from Russia’s invasion of Ukraine.
Court Decision Leaves Biden With Few Tools to Combat Climate Change
A Supreme Court ruling, combined with an energy crunch and intraparty politics, makes it nearly impossible for President Biden to achieve his climate goals.
A Cap on the Price of Russian Oil Comes With Many Questions
The idea is to limit how much Russia can earn from the oil it sells while still keeping markets well supplied.
In Russia Crisis, India Tries to Balance Geopolitics and Economics
Prime Minister Narendra Modi, who attended the G7 meeting, is also trying to position India as the voice of poorer nations, arguing that sanctions hurt developing countries the most.
In Russia Crisis, India Tries to Balance Geopolitics and Economics
Prime Minister Narendra Modi, who attended the G7 meeting, is also trying to position India as the voice of poorer nations, arguing that sanctions hurt developing countries the most.