Natural gas

The Gulf Coast's surging oil facilities could become a huge carbon emissions source

Illustration of stacks of barrels of oil
Illustration: Sarah Grillo/Axios

The Gulf Coast industrial facilities built to use surging oil and natural gas production from shale formations could become a very large source of greenhouse gas emissions, a peer-reviewed study concludes.

Why it matters: The paper in Environmental Research Letters bolsters understanding of shale's potential climate effects by looking closely at petrochemical plants, LNG terminals and other facilities (much of it in the planning stages).

Largest U.S. natural gas producer plans $1.8 billion write-down in Q4

EQT Corp., the largest U.S. natural gas producer, plans to take a fourth-quarter write-down of up to $1.8 billion.

Why it matters: EQT, which has major Appalachian operations, is the latest company to write down the value of U.S. assets amid a glut of supply and very low prices.