07 Nov, 2025

CEOs urge to keep GHG reporting program; EU approves 90% emissions cut by 2040

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Oil refineries, like this Suncor facility in Colorado, are among some 8,200 US industrial sources required to report greenhouse gas emissions. The Trump administration proposed to repeal the program.
Source: Hyoung Chang/Getty Images News via Getty Images.

SPOTLIGHT

➤ Energy groups, CEOs urge Trump administration to retain GHG reporting program

A leading oil and gas trade group, the hydrogen industry, investment firms, carbon capture advocates and the Edison Electric Institute are part of a chorus of stakeholders asking the Trump administration to retain a national greenhouse gas reporting program.

➤ EU approves 90% emissions cut by 2040, boosts carbon credit use to 5%

EU climate ministers on Nov. 5 approved a 90% emissions-reduction target for 2040, allowing member states to use international carbon credits for up to 5% of their emissions, an increase from the originally proposed 3%.

➤ Offshore wind not in 'crisis' despite European auction failures – Vestas CEO

Henrik Andersen, Vestas Wind Systems A/S president and CEO, expressed confidence in the turbine-maker's offshore wind pipeline, dismissing concerns about recent failed auctions across Europe as temporary setbacks that will not derail the sector's long-term growth trajectory.

➤ US Elections 2025: Democrats bring energy affordability to the forefront

Democrats largely dominated state-level elections on Nov. 4 in races that emphasized addressing rising utility bills, energy affordability and the clean energy transition.

➤ IPP CEOs differ on potential competition from behind-the-meter power trend

Independent power producer chief executives differ on whether the modular, behind-the-meter power generation solutions gaining traction among large-load customers represent a potential challenge to their business model.

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CHART SPOTLIGHT

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Power generation capacity in the US and Canada increased by a net 2,266 MW in September as 20 generation units came online and one coal-fired power plant retired, according to S&P Global Market Intelligence data.

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MARKETS & FINANCE

– UK's National Grid on track for record £11B investment amid energy demand surge

– Ørsted charts 'long-haul' course after US offshore wind woes, lower Q3 earnings

– Major gas pipes face 145 million Dth/d of contract expirations in Q4 2025

– US LNG cargoes flowed to Europe in October as monthly exports hit record high

– Pine Gate Renewables files for bankruptcy protection, launches sale process

– Green hydrogen developers reckon with reality check in Europe

POLICY & REGULATION

– Divided FERC OKs plan by ISO-NE to reimburse hydro plant operator's fine

– Supreme Court justices question Trump authority to impose sweeping tariffs

– Senate bill continues bipartisan streak in US pipeline safety legislation

– Calif. hydrogen hub pauses work, considers legal action over $1.2B grant cut

– Energy standards gas committee approves model contract for hydrogen transactions

– Southeast state regulators warn of risks to solar build-out

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LISTEN IN

Back to the Future: New Zealand re-opens itself for upstream exploration

Earlier this year, New Zealand reversed a self-imposed ban on offshore oil and gas exploration in 2018 and is now allowing companies to apply for new licenses.

Frankie Hulbert, an S&P Global expert in upstream exploration and development, joins Hill Vaden and Sam Humphreys to discuss how New Zealand's renewed interest in domestic natural gas supply led to the reversal and whether operators now have enough confidence in policy to commit to fresh exploration plans.

Episodes of EnergyCents are available on Apple Podcasts and Spotify.

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PROJECTS & INFRASTRUCTURE

– Capital Power proposes to install carbon capture at gas plant in California

– Pacific Northwest hydrogen hub appeals Trump DOE's $1B grant termination

– West Texas 1,350-MW gas-fired plant awarded $1.12B Texas Energy Fund loan

– Salt River Project to convert coal-fired Springerville unit 4 plant to gas

– RI regulators approve SouthCoast Wind transmission interconnection project

– Sempra's Energia Costa Azul LNG terminal is 95% complete

OPERATIONS & STRATEGY

– Sunoco closes $9.1B acquisition of Parkland

– We Energies pitches $5.5B to buy solar and gas plants, cites data center demand

– Ørsted to divest 50% stake in UK's Hornsea 3 offshore wind farm for £4.6B

– Energy Transfer may upsize Permian pipes due to data center demand

– Targa Resources signals confidence in Permian gas growth with plants, pipelines

– AES hints at 'powered land' development transfer deal with data center customer

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