Nov 25, 2019

New York's natural gas war reaches a truce

Illustration: Eniola Odetunde/Axios

Utility company National Grid said Monday it was lifting a natural gas services moratorium it had imposed in parts of New York since May in response to the state rejecting a pipeline.

Why it matters: The battle, which left thousands without access to the fuel, is the starkest repercussion yet of fights brewing for years across the country over oil and gas pipelines and their role in fueling climate change.

Driving the news: National Grid will pursue a series of moves, including increasing energy efficiency and relying more on portable compressed natural gas, to ensure supply to its customers, the company said Monday.

  • The company will also pay $36 million in penalties to customers affected and also to support clean-energy projects, according to the office of Gov. Andrew Cuomo (D).

The bottom line: Today's move is a victory for climate activists and specifically Cuomo, who had given the utility until Tuesday to respond to a threat to revoke its license.

Go deeper: America's war over natural gas hits home in New York

Go deeper

America’s war over natural gas hits home in New York

Illustration: Eniola Odetunde/Axios

New York Gov. Andrew Cuomo and a major utility are locked in a standoff over natural gas that’s been years in the making and has national implications.

Why it matters: The battle, which is leaving thousands of New Yorkers without access to the fuel, is the starkest repercussion yet of fights brewing for years across the country over oil and gas pipelines and their role in fueling climate change.

Go deeperArrowNov 20, 2019

The message behind Chevron's $10 billion write-down

Photo: Smith Collection/Gado/Getty Images

Chevron announced a $10 billion to $11 billion write-down on several natural gas assets and one of its oil projects in the Gulf of Mexico.

Driving the news: The company said yesterday that the downward revision in its long-term price outlook means that it will "reduce funding to various gas-related opportunities."

Go deeperArrowDec 11, 2019

To fight climate change, California cities look to ban natural gas

A couple dozen cities across the Bay Area in California could soon move forward with bans on natural gas in new buildings, San Jose Mayor Sam Liccardo said Monday.

Driving the news: San Jose is the largest city to pass such a measure in what’s quickly becoming a controversial trend in the Golden State designed to tackle climate change at a more local level.

Go deeperArrowNov 26, 2019