Oil supermajors BP and Shell are closely watching next week's Scotland independence referendum, hoping voters will choose to remain part of the United Kingdom. The reason? Companies like certainty, and a newly independent Scotland could change how the energy firms have long done business in the region.
No major energy legislation has passed the Senate since 2007, but that could change if Republicans take control in November's midterm elections. Sen. Rob Portman (R) of Ohio told reporters at a Monitor-hosted breakfast Thursday that a majority GOP Senate would 'get the president to the table' on Keystone XL and other key energy issues.
Th EU adopted new Russia sanctions on energy as an uneasy ceasefire continued in Ukraine; Russia and China broke ground last week on a massive gas pipeline that offers an alternative for Russia amid the Ukraine crisis; Nevada struck clean-energy gold by landing the Tesla Motors gigafactory. Catch up on the latest in global energy with Recharge.
NATO is looking to the US to shore up energy security, particularly as tensions rise with gas-rich Russia over the Ukraine crisis. At this week's NATO Summit, European allies will likely press President Obama for accelerated gas exports and a lift of the US oil export ban as a counter to Russian influence.
Failed Russia-Ukraine-EU gas talks last week raise the specter of a cold, dark winter in Ukraine; the Islamic State's oil-fueled spread is bolstering similar aspirations among Boko Haram in Nigeria; President Obama looks to sidestep Congress in global climate change efforts. Catch up on the week in global energy with Recharge.
Aging plants and competition from cheaper alternatives threaten the future of US nuclear power, the country's largest source of carbon-free electricity. Even with renewable energy, it will be exceedingly difficult to meet US climate change targets if much of American nuclear goes offline, Cunningham writes.
As Keystone XL awaits a final decision from the Obama administration, at least one energy firm has found a loophole to ship controversial oil sands across the US border. The Keystone XL workaround could increase the flow of oil sands to the US by an additional 75,000 barrels per day without White House approval.