Latest news with #oilAndGas
Wall Street Journal
an hour ago
- Business
- Wall Street Journal
BlackRock Is Off Texas' Blacklist. Where the ESG Battle Stands Now.
BlackRock BLK 0.79%increase; green up pointing triangle notched a significant win in its yearslong effort to put the responsible investing controversy behind it, after Texas removed the asset manager from the list of companies that it accuses of boycotting the oil and gas industry on Tuesday. Texas pension funds and state investment accounts can once again do business with the world's largest asset manager, ending a nearly three-year blacklist from the largest state that has sought to punish Wall Street firms for their climate policies.
The Independent
20 hours ago
- Business
- The Independent
New Mexico appeals court rejects lawsuit against oil and gas regulators
A New Mexico appeals court rejected a lawsuit alleging that the nation's No. 2 oil-producing state failed to meet constitutional provisions for protecting against oil and gas industry pollution, in an opinion Tuesday. Environmental advocates vowed to appeal the matter to the state's top court. A panel of three judges on the New Mexico Court of Appeals found that it was beyond the judiciary's authority to weigh whether the pollution controls are adequate, writing that they'll defer to the Legislature to balance the benefits of environmental regulation with natural resources development. The 2023 lawsuit from a coalition of environmental groups was the first to invoke the constitution's pollution-control clause, a 1971 amendment requiring that New Mexico prevent the contamination of air, water and other natural resources. 'While plaintiffs correctly observe that, as the 'Land of Enchantment,' the state's beauty is central to our identity, we cannot ignore the long history of permitting oil and gas extraction within our borders," the panel wrote, invoking the state motto. 'If anything, the law, history, and tradition of our state demonstrates that resource extraction must be considered alongside, and must coexist with, pollution control legislation.' Gail Evans, an attorney at the Center for Biological Diversity and lead counsel on the case, said Tuesday's opinion would dismiss the case entirely if unchallenged and 'displays a fundamental misunderstanding of our constitution and constitutional rights.' She said plaintiffs intent to appeal to the state Supreme Court. 'Fifty years ago, New Mexico voted to amend the constitution and to provide protections from industry pollution and the court has found today that the amendment — the pollution control clause — is essentially meaningless, and that has to be wrong,' Evans said. The court challenge comes as New Mexico's state government rides a wave of record income from development in the Permian Basin, one of the world's most productive, oil-producing regions. Oil-related revenue collections underwrite a considerable amount of the state's budget, including public education. Gov. Michelle Lujan Grisham's administration is policing the industry with regulations that target methane and other emissions. But the Center for Biological Diversity and other groups say these efforts are not enough and that the state is failing to enforce existing pollution-control measures. Attorneys for the Democratic-led Legislature and environmental regulators said the lawsuit threatened their constitutional authority. Appeals Judge Katherine Wray issued an additional concurring opinion, expressing further limitations of the pollution control clause.
Associated Press
20 hours ago
- Business
- Associated Press
New Mexico appeals court rejects lawsuit against oil and gas regulators
SANTA FE, N.M. (AP) — A New Mexico appeals court rejected a lawsuit alleging that the nation's No. 2 oil-producing state failed to meet constitutional provisions for protecting against oil and gas industry pollution, in an opinion Tuesday. Environmental advocates vowed to appeal the matter to the state's top court. A panel of three judges on the New Mexico Court of Appeals found that it was beyond the judiciary's authority to weigh whether the pollution controls are adequate, writing that they'll defer to the Legislature to balance the benefits of environmental regulation with natural resources development. The 2023 lawsuit from a coalition of environmental groups was the first to invoke the constitution's pollution-control clause, a 1971 amendment requiring that New Mexico prevent the contamination of air, water and other natural resources. 'While plaintiffs correctly observe that, as the 'Land of Enchantment,' the state's beauty is central to our identity, we cannot ignore the long history of permitting oil and gas extraction within our borders,' the panel wrote, invoking the state motto. 'If anything, the law, history, and tradition of our state demonstrates that resource extraction must be considered alongside, and must coexist with, pollution control legislation.' Gail Evans, an attorney at the Center for Biological Diversity and lead counsel on the case, said Tuesday's opinion would dismiss the case entirely if unchallenged and 'displays a fundamental misunderstanding of our constitution and constitutional rights.' She said plaintiffs intent to appeal to the state Supreme Court. 'Fifty years ago, New Mexico voted to amend the constitution and to provide protections from industry pollution and the court has found today that the amendment — the pollution control clause — is essentially meaningless, and that has to be wrong,' Evans said. The court challenge comes as New Mexico's state government rides a wave of record income from development in the Permian Basin, one of the world's most productive, oil-producing regions. Oil-related revenue collections underwrite a considerable amount of the state's budget, including public education. Gov. Michelle Lujan Grisham's administration is policing the industry with regulations that target methane and other emissions. But the Center for Biological Diversity and other groups say these efforts are not enough and that the state is failing to enforce existing pollution-control measures. Attorneys for the Democratic-led Legislature and environmental regulators said the lawsuit threatened their constitutional authority. Appeals Judge Katherine Wray issued an additional concurring opinion, expressing further limitations of the pollution control clause.
CTV News
2 days ago
- Business
- CTV News
Carney had ‘constructive meeting' with Alberta Premier Danielle Smith
Prime Minister Mark Carney and Alberta Premier Danielle Smith, along with other dignitaries, are seen at a meeting in Saskatoon on June 1, 2025. (Supplied/X/@MarkJCarney) The prime minister is pleased with the outcome of the meetings he had with Alberta Premier Danielle Smith on Sunday. Mark Carney wrote on social media that his meeting with Smith was 'constructive' and made progress on the goal of reaching a 'united Canadian economy.' 'Including getting big things built and major infrastructure projects off the ground in Alberta and across Canada,' he said, along with posting a picture of he and Smith at the meeting in Saskatoon. The prime minister did not share any details about the nature of those projects. Smith wrote that she provided Carney with 'a list of reasonable changes he must make' to prove he wants to unite Canada. 'Alberta is looking forward to seeing rapid and tangible progress on these reforms following the First Ministers' Meeting this week,' she wrote. Carney met with oil and gas executives in Calgary on Sunday morning, his first visit to the city since being sworn in as prime minister. During those meetings, he pushed for 'partnership' in a 'divided and dangerous' world. 'We will do everything we can at the federal government level to support those partnerships,' Carney said. First minister's meeting scheduled Monday Carney's meeting with Smith came ahead of a larger in-person conference with all of Canada's premiers set to take place Monday in Saskatoon. There, the leaders will discuss national infrastructure projects that Carney promised to fast-track. He's asked the premiers to lay out their priorities. Those meetings came after Smith and Ontario Premier Doug Ford signed a memorandum of understanding to improve the flow of goods and services and all direct-to-consumer sales of Ontario-made and Alberta-made alcohol between the two provinces. It's also expected to simplify the requirements for regulated professionals to work across provincial borders. After Monday's meeting, Smith said she will be joining a delegation to Washington to promote Alberta at a major energy conference. (With files from the Canadian Press and Mason DePatie)
Telegraph
2 days ago
- Business
- Telegraph
Farage takes on SNP ahead of crucial by-election
Nigel Farage has arrived in Aberdeen to take on the SNP ahead of a crucial by-election. In his first visit to Scotland since 2023, the Reform UK leader will meet oil and gas executives and hold a press conference this morning. Later in the day, Mr Farage will visit Lanarkshire to campaign in the Hamilton, Larkhall and Stonehouse by-election, which will take place on Thursday. It comes as Reform continues to perform well in opinion polls, and ranked second to the SNP with 21 per cent of the vote in one recent survey. John Swinney, the First Minister, has declared the by-election a 'two-horse race' between Reform and the SNP. He also provoked fury by claiming Reform had brought 'racism and hatred' to the area and that Mr Farage 'hates the very idea of Scotland having its own Parliament'. The Reform leader has denied the claims.
