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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 These reductions are not permanent. However, nearly 1.4

Oil 186
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Refiners and Truckers Associations Challenge California LCFS in Federal Court

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The National Petrochemical & Refiners Association (NPRA) filed a legal challenge to California’s Low Carbon Fuel Standard (LCFS) with the US District Court, Eastern District of California, Fresno Division. By regulating the fuel pathway of transportation fuels—i.e., Earlier post.).

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Federal Judge rules California Low Carbon Fuel Standard violates Commerce Clause of US Constitution

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The LCFS intends to reduce, on a full-fuel lifecycle basis, the carbon intensity (CI) of transportation fuels (measured in gCO 2 e/MJ) used in California by an average of 10% by the year 2020. Earlier post.) Earlier post.). These changes streamline the program.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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ºF) above pre-industrial levels to avoid the most catastrophic effects of climate change, and that global GHG emissions would have to peak around 2020 and then sharply decline by 50% to 85% by the year 2050. “ We are not aiming to let anyone off the hook. AR4 also affirmed that warming would have to be held to no more than 2 ºC to 2.4

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