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Letter from Europe: Western retreat raises doubts over climate leadership
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
An all-energy stance
A balanced approach—combining hydrocarbons, renewables and emerging clean technologies—is essential for both energy security and sustainability
From green goals to ground realities
As the EU remains deadlocked over its 2040 emissions goal, the IEA has tempered its climate rhetoric, forecasting that oil and gas will continue growing over the coming decades
Fear and loathing in US LNG buildout
Overall gas optimism is blighted by concerns over lingering regulatory and infrastructure hurdles that could hamper expansion of US LNG exports, weaken security and stifle AI ambitions
Hungary defends Russian energy use
Claims the country lacks alternatives to Russian oil and gas may be exaggerated, although higher costs and reduced security of supply are legitimate concerns.
Middle East doubling down on oil strength
Saudi Arabia, the UAE, Iraq and Kuwait aim to turn geological advantage into sustained geopolitical power via greater spare capacity
Indigenous opposition may slow Canadian fast-track
Federal and provincial governments have passed legislation to speed the development of hand-picked projects, but failure to win Indigenous support may stymie their plans
States, markets and the geopolitics of gas
Geopolitics is just as significant as market factors or climate action in shaping the future role of gas
Deepwater’s race against time
E&Ps are on the lookout for the next big deepwater discovery amid questions over the Guyana and Santos basins, but technological advancements provide optimism
US sees energy dominance as strategic necessity
The Trump administration is using energy exports to strengthen political and economic ties with allies and weaken adversaries, while simultaneously exploiting those ties to open up further markets for US energy
US Politics
David Goldwyn
Andrea Clabough
26 January 2024
Follow @PetroleumEcon
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Outlook 2024: Toward a realistic US energy and climate strategy

A realistic, yet forward-looking, energy and climate strategy is possible if US policymakers can eschew ideological divides in favour of a durable political compromise

It is inarguable that the US has emerged as a global energy superpower over the last decade. Even so, partisan disunity has left the US without a coherent energy and climate strategy suitable for the world’s largest economy and, presumably, dedicated leader in the still elusive global energy transition. Faced with this internal division, the US’s vast potential as a dominant producer for both conventional and emerging fuels brings as many challenges (and contradictions) as it does opportunities. The Biden administration has walked a delicate tightrope with respect to the US’s energy superpower status. Certainly, the administration has reinvigorated US climate leadership in the form of execut

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