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GLOBAL
THE DRILLDOWN: TRUMP’S OIL AND GAS AGENDA FACES TOUGH FIGHT IN COURTS The Trump administration is again being rebuked for failing to protect the environment and address climate change through a recent appeals-court ruling that refused to revive a permitting program for oil and gas pipelines. This article also includes national and international gas and oil industry updates. OIL DEMAND TO SHRINK AS VIRUS RETURNS, WARNS INTERNATIONAL ENERGY AGENCY A resurgence in coronavirus cases and lockdowns has prompted the International Energy Agency to reduce its forecasts for oil demand this year. The Paris-based agency said that it now expected a demand of 91.7 million barrels a day this year, a drop of 8.4 million daily barrels to a low not reached since 2013. IEA CALLS FOR ‘DRAMATIC’ SCALING UP OF CLEAN ENERGY TECH TO MEET CLIMATE GOALS A “dramatic” scaling up of clean energy technologies will be required if the world is to reach its climate and energy goals, according to the International Energy Agency (IEA). In a report published on September 10, the Paris-based body said that while calls to cut greenhouse gas emissions were “growing louder every year,” emissions were still at levels it described as being “unsustainably high.” Canadian Independent Petroleum Marketers Association | Connection 2020 |
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