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Semafor Net Zero

Trump elevates role of nuclear in trade talks

Donald Trump’s state visit to the UK this week inof a deal that will make it easier for US companies to build nuclear power stations in Britain.
US president Donald Trump is greeted my British Prime Minister Sir Keir Starmer.Ian Vogler/Reuters

Exxon CEO ‘pessimistic’ about Trump breakthrough on Europe’s ESG rules

‘We don’t have any plans’ for new projects or investments in Russia, Darren Woods added.
Darren Woods, CEO of ExxonMobil, speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023.Brendan McDermid/Reuters

IEA report points to Big Oil’s spending problem

The oil and gas industry is spending about $500 billion a year just to maintain consistent production from existing wells, a new IEA report found.
A drone view of a drilling rig south of Midland, Texas.Eli Hartman/Reuters

EPA to stop collecting emissions data from polluters

Critics said that without this data, governments can’t identify emission sources — or reduce them.
Environmental Protection Agency Administrator Lee Zeldin.Environmental Protection Agency Administrator Lee Zeldin. Raquel Cunha/Reuters

JPMorgan is still bullish on the energy transition

In a report shared exclusively with Semafor, the largest US bank explains why and how it’s advising clients to plan for a ‘new energy security age.’
Employees carry solar panels at a solar power plant in Aksu, Xinjiang Uyghur Autonomous Region May 18, 2012.Stringer/Reuters

US withdrawal highlights COP30’s deeper challenge

Negotiators have several issues to tackle, but the principal one is protecting the actual process of global climate talks, the head of last year’s summit said.
NGOs’ protest in Belem advocating for climate justice months ahead of COP30 climate summit.Protestors in Belem ahead of COP30. Wagner Santana/Reuters.

Trump’s climate rollbacks to sharply slow US emissions cuts: Report

What were once worst-case projections under former US President Joe Biden are now best-case under President Donald Trump.

Hydrogen production still growing despite project cancellations

Investment in new clean hydrogen projects topped $110 billion in the last year, across more than 500 projects, a report by the Hydrogen Council found.

Trump administration ramps up campaign against EU climate rules

Chris Wright sees methane regulations as an obstacle to fulfilling a $750 billion energy trade deal.

The gas industry’s spirits are high

As the world’s biggest gas industry conference, there’s a tangible sense that gas is back, and no longer needs to apologize for being a fossil fuel.

Obstacles threaten nuclear sector’s 2050 ambition

Attendees at a recent industry conference voiced confidence the target would be reached, but were quick to point out the challenges.

Kenya calls out Western leaders over failed climate promises

Ruto said climate inaction was costing tens of thousands of lives and compounding development challenges in the world’s poorest nations.

Natural gas companies need to brace for price volatility, energy CEO says

Expand Energy CEO Nick Dell’Osso sees pipeline constraints ahead for traditional US gas drilling hotspots.

Wind giant Ørsted sues White House

The project would have powered 350,000 homes in Rhode Island and Connecticut.

More companies put their own price on carbon emissions

Some 1,753 companies globally report using an internal carbon price, according to a report published today.

Court backs EPA’s termination of billions in clean energy grants

The US federal appeals court sided with the Trump administration in its move to cancel $20 billion in climate grants awarded under President Joe Biden.

Russia-China gas deal will have global ripple effects

The agreement isn’t just another trade deal: It’s a geopolitical chess move that may leave China the biggest beneficiary of the Ukraine war.

Big Oil makes sweeping job cuts as prices slide

Renewed federal support for drilling in the US, combined with languid global oil demand and increased drilling by OPEC countries, has pushed oil prices to their lowest level since the pandemic.