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JPMorgan’s 2030 climate targets for oil and gas, electric power and transportation begin a new chapter for Wall Street’s net zero climate pledges.

By Adam Peltz, Senior Attorney, Energy After over 150 years of boom and bust oil and gas development, there are over a million inactive, unplugged oil and gas wells across the country. A new study published in the journal Elementa describes how, when not properly plugged, these wells can contaminate groundwater and emit methane as …

EDF Statement from Jon Goldstein, Director of Regulatory and Legislative Affairs, Energy

Updated EDF analysis reveals magnitude of methane emissions, waste on Navajo Nation

Statement of Fred Krupp, President, Environmental Defense Fund

New analysis from EDF highlights the benefit of swift action on a potent greenhouse gas and underscores dangers if solutions are slow or delayed.

Statement from Jon Goldstein, Director of Regulatory & Legislative Affairs, Energy

Policymakers around the world increasingly recognize that along with carbon dioxide, cutting emissions of methane is critical for reaching the temperature goal of the Paris Agreement. Methane is a key element in the reinvigorated U.S. climate strategy and — for the first time — discussed in China’s latest five-year plan. Now the EU has a …

The Partnership for Carbon Accounting Financials recently welcomed its 100th member, a milestone that reflects banks’ growing focus on measuring financed emissions. But while robust carbon accounting is necessary for the long term, it is no substitute for action now. To pick up the pace of Paris alignment, banks must begin targeting financed emissions in …

By Rosalie Winn and Raisa Orleans EDF Legal Fellow Edwin LaMair contributed to this post. Lawmakers last week introduced joint resolutions under the Congressional Review Act to restore widely-supported methane pollution protections and allow the Environmental Protection Agency to move forward swiftly with ambitious next-generation standards for new and existing oil and gas facilities. The …

Joint resolution will restore pollution protections and set the stage for sensible new standards that all sides agree are needed.

EDF Statement from Jon Goldstein, Director of Regulatory and Legislative Affairs, Energy

By Mark Omara and Joe Rudek Multiple states are exploring the use of renewable natural gas to decarbonize their gas systems. Renewable natural gas tends to be a generic term that describes a variety of fuels, including hydrogen, synthetic gas and biogas. As we explained in an earlier blog, not all biogas (a biomethane precursor) is …

By Ratnika Prasad The energy transition is accelerating, as social, political and economic pressures build on political and corporate leaders to meet the Paris goal of limiting global temperature rise to well below two degrees Celsius. While carbon dioxide is often the focus, at least a quarter of today’s warming is caused by methane emissions …

New peer-reviewed findings show Permian methane emissions temporarily plummeted when oil prices crashed, but quickly rebounded to pre-pandemic highs.

As the largest producers of oil and gas, National Oil Companies have an opportunity to make deep cuts in global methane emissions.

The Biden administration is preparing to announce a new U.S. greenhouse gas emissions target for 2030 under the Paris Agreement — a pledge known as a Nationally Determined Contribution, or NDC — in advance of this year’s United Nations climate talks. Given the last four years of U.S. climate inaction and denial, it is important …

Last month, Colorado regulators unanimously adopted nation-leading rules to cut methane pollution from pneumatic devices, an often overlooked but significant source of emissions from oil and gas production. The commonsense standards drew support from the oil and gas industry and Colorado’s environmental community, and will require the use of modern, zero-emitting components at all new …

EDF statement from Colin Leyden, Director of Regulatory and Legislative Affairs

Statement of EDF President Fred Krupp – March 15, 2021

To restore American leadership in the climate crisis, the Biden administration must put forward a Nationally Determined Contribution (NDC).

Local government, environmental groups, and industry collaboration led the way

Texas’ Permian Basin isn’t just the site of the world’s biggest oil boom. It’s also the source of one of the country’s most unnecessary wastes of energy and associated air pollution. The burning off (flaring) and intentional release (venting) of natural gas has proven to be a black eye Permian producers can’t shake. A previous …

The transition to a low-carbon economy will have a big impact on the way we think about natural gas: how we produce, use and transport it. One area where this challenge is particularly acute is the state regulatory frameworks governing gas utilities across the country, and in particular, how those rules line up against the …

A journey of miles starts with a single step, and for the U.S. oil and gas industry and its financiers, supporting strong and swift methane regulation by the incoming Biden administration is a big step on the road to climate progress. Cutting methane emissions from the oil and gas sector is the single fastest thing …