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Fossil Phase Out Key To Curbing Warming But May Not Be On Talks Agenda

"The world needs to phase out fossil fuels if it wants to curb global warming, the United Nations climate chief said in an interview with The Associated Press. But he said the idea might not make it on to the agenda of “make-or-break” international climate negotiations this fall, run in and by an oil haven."

Source: AP, 06/06/2023

"FERC Aims To Fix The Grid’s Renewable Energy Backlog. Can It?"

"In the fall of 2007, the Federal Energy Regulatory Commission raised concerns about how to manage the unprecedented number of renewable energy projects seeking to connect to the U.S. grid. The agency is still grappling with the issue more than 15 years later — except now, the problem is worse, and the stakes are higher."

Source: E&E News, 06/05/2023

"Haaland Orders 20-Year Oil Leasing Ban Around Chaco Canyon"

"Interior Secretary Deb Haaland on Friday ordered a 20-year moratorium on new oil and gas leasing within 10 miles of the Chaco Culture National Historical Park, protecting lands sacred to many Native American communities in New Mexico and northern Arizona."

Source: E&E News, 06/05/2023

"UAE Defends Big Oil’s Role At UN Climate Summit It Will Host"

"A senior United Arab Emirates official says the Gulf nation wants the U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming, but doing so will require having the fossil fuel industry at the table."

Source: AP, 06/05/2023

"Oil Jumps 2% On Saudi Plan To Deepen Output Cuts From July"

"SINGAPORE - Oil prices jumped more than $1 a barrel on Monday after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets.

Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high of $78.73 a barrel.

U.S. West Texas Intermediate crude climbed $1.41, or 2%, to $73.15 a barrel, after touching an intraday high of $75.06 a barrel."

Source: Reuters, 06/05/2023

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