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Supreme Court likely to discard emChevron/em
Supreme Court likely to discard emChevron/em
It has been nearly 40 years since the Supreme Court indicated in Chevron v. Natural Resources Defense Council that courts should defer to an agency’s reasonable interpretation of an ambiguous statut
·scotusblog.com·
Supreme Court likely to discard emChevron/em
Oil market caught by surprise as US output surges
Oil market caught by surprise as US output surges
Record supply from world’s top producer complicates Opec+ maths and White House climate push
American crude oil production reached a fresh all-time high of 13.2mn barrels a day in September, according to figures released last week, more than any other country and accounting for about one in eight barrels of global output.
The US accounts for 80 per cent of the expansion in global oil supply this year, according to the International Energy Agency.
“The US presenting itself as a climate champion at COP is largely a facade, considering it is the biggest oil and gas producer in the world,” said Raena Garcia, senior fossil fuels campaigner at Friends of the Earth.
“I think what we see in the US is the recognition that a balance has to be struck here,” said Darren Woods, Exxon chief executive, who this week attended the UN climate summit for the first time.
·ft.com·
Oil market caught by surprise as US output surges