Latest Energy Headlines

All the headlines from our Energy Topic Page, ordered by recency.

Allianz Insurance Product Protects Firms Against Clean Energy Price Swings

Oct 22 2018 // Microsoft Corp. has helped develop a way to protect corporate buyers of clean power from electricity prices that go up and down with the weather.The company is using a risk-management tool called a volume-firming agreement...

Judge Rules Government, Not President, Can Be Sued Over Climate Change

Oct 16 2018 // A group of young Americans suing the federal government over lack of action to fight climate change can proceed with their lawsuit, but U.S. President Donald Trump cannot be named as a defendant, a federal judge ruled on...

Let Them Amaze You!

Oct 15 2018 // It’s not the largest of agencies and it’s certainly not located in the largest of cities, but Bryan Insurance Agency (BIA) in Graham, Texas, (population around 9,000) is a very big deal to the people who work...

The IPCC Climate Change Report and Implications for Insurers

Oct 11 2018 // A report out earlier this week from the Intergovernmental Panel on Climate Change doesn’t say a whole lot about insurance, but the implications for the industry are hard to ignore.Chief among those implications is...

Update: Hurricane Michael Could Bring 12 Ft. Storm Surge to Panhandle Wednesday

Oct 9 2018 // Michael is forecast to become the second hurricane to make landfall in the U.S. in a month as it heads toward Florida with winds of 90 miles per hour.The fast-moving storm has already sent cotton prices to a one-week high...

Worldwide Facilities, Petro Guardian to Offer Lightning Risk Product to Oil & Gas Industry

Oct 2 2018 // National wholesale insurance brokerage and managing general agent Worldwide Facilities has partnered with Petro Guardian, a lightning and static protection installation service provider for oil and gas facilities, to...

After 5 Years and Nearly $100M, Huge North Dakota Oil Spill Finally Cleaned Up

Oct 1 2018 // Five years and almost $100 million later, cleanup is complete on a massive oil pipeline leak in North Dakota that has been called one of the biggest onshore spills in U.S. history, industry and state officials said.The...

Businesses Should Prepare for Consequences of Climate Change, Zurich Says

Sep 27 2018 // Businesses should prepare for the physical consequences of a warming planet, according to a new report out from Zurich Insurance Group.The report, “Managing the impacts of climate change: risk management...

Worldwide Facilities, Petro Guardian Offer Oil, Gas Lightning Risk Program

Sep 27 2018 // National wholesale insurance brokerage and managing general agent, Worldwide Facilities, is teaming up with Petro Guardian, a turnkey lightning and static protection installation service provider for oil and gas...

Major Oil and Gas Firms Pledge to Cut Greenhouse Gases to Fight Climate Change

Sep 25 2018 // A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change.The Oil and Gas Climate Initiative (OGCI),...

5 Years and $100M Later, Huge North Dakota Oil Spill Finally Cleaned Up

Sep 21 2018 // Five years and almost $100 million later, cleanup is complete on a massive oil pipeline leak in North Dakota that has been called one of the biggest onshore spills in U.S. history, industry and state officials said.The...

North Dakota Regulators Mull Relaxing Oil Train Shipment Rules

Sep 20 2018 // North Dakota regulators are considering relaxing rules that require shippers to remove the most volatile gases from oil before it’s loaded onto train cars.The rules, which were fought by the energy industry, took...

India Refinery Cancels Iran Oil Imports to Keep Insurance Cover as Sanctions Loom

Sep 20 2018 // India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue...

San Francisco May Screen Insurers for Their Fossil Fuels Investments

Sep 17 2018 // The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels.In July, the board voted unanimously...

Campaign Calls on U.S. Insurers to Reject Fossil Fuels

Sep 13 2018 // A handful of consumer and climate groups are calling on the insurance industry to ditch fossil fuels as part of a new campaign called Insure Our Future.The entreaty came on the eve of this week’s Global Climate...

Jury Finds Texas Pipeline Company Guilty in 2015 California Oil Spill

Sep 10 2018 // A California jury has found the Houston-based Plains All American Pipeline company guilty on criminal charges of fouling state waters and harming wildlife in a major oil spill three years ago along the Pacific shoreline...

Lawsuit: Owners of Wisconsin Oil Refinery Negligent in Blast, Fire

Sep 7 2018 // A lawsuit alleges that negligence by the owners of Wisconsin’s only oil refinery caused an explosion and fire that injured 36 people and caused a mandatory evacuation in the city of Superior.The class action lawsuit...

Some Gulf Energy Production Halted by Storm Gordon

Sep 5 2018 // Three more oil producers pulled employees out of Tropical Storm Gordon’s path, and companies cut 9 percent of U.S. Gulf of Mexico oil and gas production on Tuesday as the storm churned toward an expected nighttime...

Update: Tropical Storm Gordon Weakens as It Makes Landfall

Sep 4 2018 // Tropical Storm Gordon weakened after making landfall just west of the Alabama-Mississippi border and lashing the U.S. Gulf Coast with high winds and heavy rain early on Wednesday, the U.S. National Hurricane Center (NHC)...

Tropical Storm Gordon to Become Hurricane, Strike Gulf Coast Tuesday; Flood Damage Expected

Sep 3 2018 // Tropical Storm Gordon will grow into a hurricane as it grazes offshore natural gas and oil fields, where it has already sparked evacuations, before coming ashore over the lower Mississippi Valley later on Tuesday or early...