FROM THE OIL PATCH

As pipeline projects cancel, future falls into question
HEADLINES OF INTEREST

As pipeline projects cancel, future falls into question

For years, a small clique of investors has questioned the logic of putting money into oil and gas pipelines that take decades to pay off when climate change policy was pushing the energy sector away from fossil fuels. Banks and other institutions, however, largely continued to finance the multibillion-dollar projects,confident

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Investment giants urge Texas to end most natural gas flaring

Investment giants urge Texas to end most natural gas flaring

Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly enough to curb the controversial practice. AllianceBernstein, California State Teachers’ Retirement System and Legal & General Investment Management said they

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The Trillion-Dollar Reason Why Joe Biden Won’t Ban Fracking

The Trillion-Dollar Reason Why Joe Biden Won’t Ban Fracking

Electoral and energy realities caught up with Joe Biden last week. On Monday, in a speech in Pittsburgh, the Democratic presidential nominee said “I am not banning fracking. Let me say that again: I am not banning fracking.” Biden’s declaration has gained lots of attention from the Trump campaign and various media outlets. But his

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Saudi crude price cuts for October signal wavering oil demand

Saudi crude price cuts for October signal wavering oil demand

(Bloomberg) –Saudi Arabia cut pricing for oil sales to Asia and the U.S. for October shipments, a sign that the world’s biggest exporter may see fuel demand wavering amid flare-ups in the coronavirus. State oil producer Saudi Aramco is cutting its benchmark Arab Light crude more than expected and lowering

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