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May 23, 2024

BP

Washington Department of Ecology
Wash. Cap-and-invest Supporters Launch Anti-repeal Effort
Bolstered by a nearly $5 million war chest, supporters of Washington’s cap-and-invest system have begun efforts to defeat a campaign that seeks to scrap the carbon allowance program through a referendum this fall. 
Ørsted
Sunrise Wind, Empire Wind Tapped for New OSW Contracts

Two major New York offshore wind projects are getting back on track, with more-lucrative contract awards to replace their existing deals with the state.

NYSERDA
Ørsted Exits Offshore Wind Markets, Remains Committed to US
The world’s leading offshore wind developer announced that it is pulling out of some smaller markets but reiterated its commitment to construction and operation in U.S. waters.
Shutterstock
FERC to Return $13.6M to BP from 2008 Enforcement Case
FERC approved the return of $13.6 million in penalties it had collected from BP over a case of alleged manipulation of Houston Ship Channel natural gas prices after Hurricane Ike in 2008.
Ørsted
Offshore Wind Reset Complete in New York
The churn in New York’s offshore wind industry reached a crescendo Jan. 25, with ownership changes, contract cancellations and new proposals announced.
REMI
Wash. Bill Seeks Increased Monitoring of Petroleum Sector
The bill to create a new agency to monitor activity in Washington's petroleum market details five pages of the kind of information the body would have to collect from oil companies.
Washington Senate Democrats
Bill Would Integrate Wash. Cap-and-trade with California-Quebec Program

A bill to link Washington’s cap-and-trade program with the California-Quebec combined system drew no immediate opposition when it was introduced, but did collect several requests for technical changes.

Empire Wind
Empire Wind 2 Cancels OSW Agreement with New York
Equinor and bp have terminated the offtake agreement with New York for the Empire Wind 2 project.
© RTO Insider LLC
Hydrogen Americas Summit Highlights Industry Poised for Takeoff
U.S. Energy Secretary Jennifer Granholm said that while a lot of progress has been made, getting to a fully decarbonized economy is going to require new technologies.
Inciweb
Calif. Sues Oil Majors over Climate Impacts
The lawsuit says the companies knowingly contributed to climate-related harms in the state.

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