The total tonnage that moved through the Port of Corpus Christi in Texas increased 4.7% year over year to a record 184.4 million short tons in 2021, driven by 81.2% growth in liquefied natural gas shipments to 17.3 million short tons, the port said. Crude oil exports from the port also rose slightly from 2020 levels to a record 1.76 million barrels per day on average.
China is the leading economy for clean energy metal processing and leads the way on rare earth metal production, which gives the nation a clear advantage when it comes to supplying materials needed to fuel the energy transition, according to this infographic based on International Energy Agency data. The infographic illustrates the geopolitical implications of the green revolution, as well as clean energy supply chain insights.
The US is having trouble keeping two-wheeled electric bikes on the shelves, with almost 790,000 imported in 2021 -- a significant jump from 2020's 463,000 and comparing with 652,000 electric and plug-in hybrid cars sold in the same period, according to the Light Electric Vehicle Association and Bloomberg NEF. The US will have to pedal faster if they want to lap Asia and Europe, however, which see approximately 35 million and 3 million e-bikes, respectively, sold per year.
The US produced 77.14 quadrillion British thermal units of fossil fuels in 2021, up 2% from 2020, and volumes are on track to hit a fresh record in 2023 as the upward momentum is sustained, according to the Energy Information Administration. US dry gas, crude oil and natural gas plant liquids production is expected to increase by 2%, 5% and 4%, respectively, in 2023, after anticipated gains of 3%, 6% and 9% in 2022.
The House Oversight Committee is calling board members of ExxonMobil, Chevron, Shell and BP to testify at a Feb. 8 hearing, the second appearance the industry is set to make before the panel as part of an investigation into its public information campaign about climate change. "One of the reasons we want the board of directors to testify is we want to ensure that they and the companies are being accurate about the climate pledges and they're actually taking action consistent with those pledges," said US Rep. Ro Khanna, D-Calif., chair of the panel's environment subcommittee.
Feed gas flows to Venture Global's Calcasieu Pass liquefied natural gas export facility in Louisiana have jumped to 88 million cubic feet per day on Friday, up from roughly 38 MMcf/d the week before, Refinitiv data show, signaling that first LNG production could begin soon. The facility is expected to begin commercial operations later this year.
The US oil and natural gas rig count edged up by three to 604 last week, as drillers idled one oil rig and added four gas rigs, Baker Hughes reported. However, as the backlog of drilled but uncompleted wells is consumed, "rig activity across the five largest U.S. oil plays would need to increase by (about) 12 weekly over next eight weeks to reach a sustainable plateau to hold current oil volumes in 2022," analysts at Mizuho said.
Scotland's Orkney archipelago may be in a remote corner of the UK, but its rich natural resources are ideal for clean energy and the area has become a hotbed for emerging solutions that span everything from wind and marine energy to energy storage and new grid management techniques. "You can try things out here at a meaningful scale... and if they work you can learn from that and then apply it more widely elsewhere," said Neil Kermode of Orkney's European Marine Energy Center.
The US loses $2 billion in economic activity every month Congress fails to advance the climate provisions within the Build Back Better Act and their passage would boost US investment in clean energy to $750 billion over the next decade, wrote the American Clean Power Association and more than 300 other industry leaders in a letter to congressional leaders. "The clean energy initiatives represent a once-in-a-generation opportunity for Congress to take big, bold action to deliver the clean energy future Americans want and deserve," they wrote.
Orsted and RWE have sent separate letters to the Bureau of Ocean Energy Management praising its work vetting the Louisiana coast for an offshore wind leasing round. Texas has the greatest potential for offshore wind, but the industry would also be an asset to Louisiana where offshore fossil fuel jobs have been declining, according to a National Renewable Energy Laboratory study on the US Gulf Coast's offshore wind potential.
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