A new Interior Dept. rule largely echoes changes made in the wake of the 2010 Deepwater Horizon disaster that were later walked back under the Trump administration.
But damage and economic impact cost could reach $6 billion, says a Moody's estimate, as President Joe Biden releases funds for emergency repairs and announces FEMA official as federal coordinator for long-term reconstruction
A $283-million gas power plant being built near Billings may face added environmental scrutiny as state Supreme Court weighs Aug. 14 lower court ruling of state law barring greenhouse gas emission impact review as unconstitutional.
Proposed EPA mandate's reliance on hydrogen and carbon capture evoked concern in comments sent by an Aug. 9 deadline, but supporters say investment in clean transition approaches already are well underway.
Occidental Petroleum and Battelle lead Texas and Louisiana projects set for award of first-round federal funds, with 19 regional direct air capture hub teams—that include AEC firms—set to gain a total of $100M.
Amid site protest arrests, a Richmond, Va. appeals court panel admits its cancelled jurisdiction to rule on suits seeking to stop the $6.6 billion gas line's completion, but route landowners are pressing another court to keep their eminent domain lawsuit alive.
Firms' global revenue hits new peak of $138.9 billion with elevated environmental priorities, more funding and continued sector consolidation, but key risks still hover.