Major wind developer, and others that include giant Equinor, predict millions in writedowns as first projects face tough economics, but proponents see a solid market that needs government attention to current obstacles.
Cost bumps in U.S. offshore wind power construction are causing new impacts to projects and developers, but recent actions by some traditional energy sector firms indicate continuing commitment to a transition to renewables.
House will soon start markup of congressional repeal of Trump-era end to oil-gas sector controls that Senate approved April 28, as more firms make emissions cuts and face investor pressure to do so.
BP's plan would result in reducing the company’s emissions to net zero from a current total of 415 million tonnes of CO2 equivalent per year — and could create new work for the AEC industry.
Officials at BP’s U.S. Lower 48 business unit say they will relocate the multinational energy company’s headquarters to Denver from Houston, with the move expected to be complete in early 2018.
The 2010 BP Deepwater Horizon oil-well blowout caused dramatic, widespread shoreline loss along Louisiana’s coast, says a new study by the U.S. Geological Survey and the National Aeronautics and Space Administration.
