April 2024

Key Takeaways

Prices for both WTI and Brent experienced minimal movement over the week. WTI was down 0.28% week-over-week to $78.18/barrel, and Brent was up 0.02% week-over-week to $82.78 barrel. Meanwhile, the New York Harbor Heating oil price registered a 1.90% decrease over the last week to $2.58/gallon. The prompt month decreased 3.8% week-over-week, landing at $1.76/MMBtu. The City of Berkeley, California agreed to repeal its 2019 ban on natural gas hookups in new homes. New England electricity prices rose over the past week, with the NEPOOL 12-month strip increasing by $2.99, or 5.6%, week-over-week, settling at $56.47/MWh. Closure dates for the last two coal-fired power plants in New England were announced last week, with the region’s generation set to be coal-free by 2028.


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WHAT'S THE BIG DEAL WITH THE SEC CLIMATE RULE?

By Simon Pritchard, Managing Director of Analytics

Over the past few weeks in the sustainability space, there’s been a buzz. Take your pick of free webinars. Newsletters are flying fast and furiously into inboxes (or maybe just mine?). The myriad of outreach efforts has posed much the same question: Is your company ready for disclosure? This whir of activity has been happening for a good, and highly anticipated, reason. After nearly two long years, and over 24,000 public comments....


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CES SPRING ONLINE SEMNAR Save the Date

Mark your calendars for the CES online spring seminar, scheduled for Wednesday, June 12, 2024 from Noon – 1:00 p.m.


More information on seminar topics and a formal invitation to register will follow soon. Keep an eye on your inbox!

Staff Pick Simon Pritchard

Fire Weather: A True Story From a Hotter World

By John Vaillant


In May 2016, Fort McMurray, the hub of Canada’s oil industry and America’s biggest foreign supplier, was overrun by wildfire. The multi-billion-dollar disaster melted vehicles, turned entire neighborhoods into firebombs, and drove 88,000 people from their homes in a single afternoon. Through the lens of this apocalyptic conflagration—the wildfire equivalent of Hurricane Katrina—John Vaillant warns that this was not a unique event, but a shocking preview of what we must prepare for in a hotter, more flammable world. Fire has been a partner in our evolution for hundreds of millennia, shaping culture, civilization, and, very likely, our brains...With masterly prose and a cinematic eye, Vaillant takes us on a riveting journey through the intertwined histories of North America’s oil industry and the birth of climate science, to the unprecedented devastation wrought by modern forest fires, and into lives forever changed by these disasters. John Vaillant’s urgent work is a book for—and from—our new century of fire, which has only just begun. (Amazon Book Review Excerpt)

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