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Letter on carbon: Meet America’s first CCS major
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
CCS costs surge as trade war rattles developers
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
US renewables receive unfair advantage
State administrations are using a flawed metric to justify green energy projects
Occidental secures EPA backing for DAC storage
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
Kickstarting VCM crediting for orphan oil wells
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
1PointFive lines up carbon network for Texas sequestration hub
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
CarbonCapture pauses Bison DAC project
Developer cites growing competition for clean power as it puts project in Wyoming on hold
NextDecade shelves CCS plan for Texas LNG project
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
Red tape stifles US carbon pipeline ambitions
Federal and state funding for CO₂ pipeline projects to spur the development of CCUS is meaningless if obstructive regulation prevents projects from getting off the ground
SLB-ACC JV wins FEED for project at US pulp and paper mill
Development on US Gulf Coast designed to use modular capture technology to generate verifiable carbon dioxide removals
US Climate change
Vincent Lauerman
Calgary
8 January 2021
Follow @PetroleumEcon
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Georgia Senate victories boost Biden’s climate programme

Success in both races hands the Democrats control of the Senate and gives the president-elect much greater room to manoeuvre

President-elect Joe Biden’s chances of restoring American credibility and leadership in climate change just became substantially more likely with the Democratic Party’s two stunning victories in the Georgia Senate runoff elections on 5 January. Biden and the Democrats now control both chambers of Congress, having maintained their majority in the House of Representatives in the November election and holding a razor-thin majority in the Senate as well. The Republican and Democratic parties each have 50 senators, but vice president-elect Kamala Harris has the deciding vote in the case of a tie. This will give the Biden administration far greater latitude to implement its domestic climate change

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22 July 2025
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Nigeria bids to unlock carbon market billions
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

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