Top Recent Energy Industry Stories: 3/21/2023

Here’s what Breaking Energy staff are reading at other outlets.

on March 21, 2023 at 12:55 PM
  • The collapse of Silicon Valley Bank has hit some climate technology and “clean energy” startups hard, Politico reports.
  • The Biden administration has given the go-ahead for a massive oil drilling project in the Alaskan wilderness, “despite widespread opposition because of its likely environmental and climate impacts,” according to the New York Times.
  • Startups aren’t the only ones feeling the fallout from the SVB collapse and other troubling banking news from giants like Credit Suisse and First Republic Bank. According to Reuters, economic uncertainty is already impacting oil prices in the “biggest weekly decline in months.”
  • The New York Times takes a deep dive into the possibilities and limitations of clean hydrogen fuel production, traveling to the Australian Outback where a group of companies led by BP have set up an extensive renewable energy facility solely for powering the production of “green hydrogen.”
  • With the easing of China’s COVID-19 restrictions, the country’s oil refining industry has seen a spike in demand that has translated to jumps in shipping costs, the Wall Street Journal reports.