SNL Energy editors' picks for the best stories for the week ended June 9.
1. Trump's Paris exit stokes mainstream appeal of low-carbon investing
When President Donald Trump announced his decision to withdraw the U.S. from the Paris Agreement on climate change June 1, he asserted that relaxing federal constraints on U.S. carbon emissions will help break down "draconian financial and economic burdens the agreement imposes on our country."
2. Northeast supply, capacity seen keeping summer natural gas prices mostly checked
Recent capacity additions from new pipeline projects in the Northeast are expected to alleviate some but not all of the price volatility for natural gas this summer cooling season. Across the region, natural gas demand in the summer is expected to be lifted by regional electricity demand, which is being increasingly met by natural gas-fired generators.
3. Met coal producers reportedly struggle to find miners as demand ticks up
The U.S. coal industry is reportedly finding miners are scarce as they aim to ramp up metallurgical coal production in the face of improved demand. Coal sector jobs are being watched very closely as President Donald Trump and his administration have insisted a coal jobs boom is on the way as it strips away regulations and other perceived obstacles to coal production.
4. Experts: Predictable parties working to meet Paris goals, but will it be enough?
As supporters of the Paris Agreement on climate change across the U.S. spoke out to show the world they are still committed to achieving the goals of the Paris Agreement, reaction was mixed from energy industry observers who saw mostly predictable parties ready to pledge allegiance to the global climate deal.
5. New England energy woes require 'triad' of pipes, LNG, alternative fuels
To solve some of New England's energy woes, pipelines, LNG importers and power generators need to stop fighting one another, according to one energy industry veteran. "So far the three sectors seem to be fighting with each other all the time, saying 'we can do it if the other guys just go away,'" said Rick Smead, managing director at the analytics and consulting firm RBN Energy LLC. "And that's got to stop."