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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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Developing standards for EV charging reliability

Charged EVs

Public EV charging sessions fail as much as 25% to 30% of the time, according to a group of industry stakeholders convened by SAE, and the reasons are not particularly well known. Currently, there is no industry-wide standard to categorize, log, report or analyze charging errors and common causes of failure.

Standards 123
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The pandemic has created disruption in the global energy sector, but low gas prices will ultimately stimulate demand growth as the economy recovers.

Gas 243
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EPA proposes CO2 emission standards for new fossil fuel-fired power plants

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The US Environmental Protection Agency (EPA) has proposed Clean Air Act standards to reduce CO 2 emissions from fossil-fuel fired power plants (electric utility generating units, EGUs). The proposed rulemaking establishes separate standards for natural gas and coal plants. In 2012, EPA issued a proposed standard for EGUs.

EPA 236
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Greenhouse gas (GHG) emission standards and CAFE standards increase new LDV fuel economy through model year 2025 and beyond, with more fuel-efficient new vehicles gradually replacing older vehicles on the road and raising the fuel efficiency of the LDV stock by an average of 2.0% Industrial shipments are expected to grow at 3.0%

Oil 290
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Wison Engineering signs new engineering contract for Erdos Jinchengtai coal-to-methanol project; commercializing methanol-to-olefins

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an indirect non-wholly owned subsidiary of the Group, has been awarded a contract for the engineering of Erdos Jinchengtai coal-to-methanol Project (Phase II) for Erdos Jinchengtai Chemical Co., for the second time at the Jinchengtai coal-methanol project, marking a milestone for Erdos Jinchengtai Chemical Co., MTO start-up.

Coal 186
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EPA issues first National Standards for mercury and air toxics pollution from power plants

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The US Environmental Protection Agency (EPA) has issued the Mercury and Air Toxics Standards (MATS), the first national standards for power plant emissions of mercury and toxic air pollutants (also known as hazardous air pollutants, HAPs) such as arsenic, acid gas, nickel, selenium, and cyanide. fossil-fuel-fired power plants.

Mercury 199