Top Recent Energy Industry Stories: 8/15/2023

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

on August 14, 2023 at 12:48 PM
  • The EPA’s plans to reduce greenhouse gas emissions from personal vehicles by pushing for electric vehicles has met skepticism from both the auto industry, who say the agency’s ideal pace for increasing EV sales is unrealistic, and environmentalists, who say the agency’s plans don’t go far enough when people are facing surging temperatures and wildfires, the Associated Press reports.
  • Wind-powered renewable energy companies are facing difficulties, the Wall Street Journal reports, with “at least 10 offshore projects totaling around $33 billion in planned spending” facing delays or other issues across the U.S. and Europe. Anders Opedal, chief executive of the Norwegian energy company Equinor, calls this the “industry’s first crisis.”
  • Despite the trouble facing the wind industry, a new report from the American Clean Power Association found that the past year saw more capital investments in renewable energy projects than the last eight years combined, according to The Hill.
  • Oil prices stabilized late last week, Reuters reports, citing decreased concerns about additional interest rate hikes for the United States and confidence from OPEC. The international organization expects a healthy oil market for the remainder of the year.
  • For The National Law Review, partner Daniel Deeb and associate Alex Garel-Frantzen of law firm ArentFox Schiff break down how the implementation of AI technology has affected the energy industry. “While AI-powered tools are energy-intensive, they can help businesses improve their environmental compliance, optimize energy consumption, reduce waste, develop and implement sustainable practices, enhance the use of renewable energy, and modernize the electricity grid,” they write. “AI also can be used by litigants to identify potential greenwashing and other claims, transforming how we approach environmental litigation.”