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Metric used to Calculate the Social Cost of Carbon

Wyoming joined a 10-state lawsuit against the Biden administration to prevent the implementation of an act of “job-killing executive overreach”

The Biden Administration recently signed an executive order requiring his agencies to factor in social cost estimates when analyzing regulatory actions.  Federal appointees will be required to establish a damages value based upon global environmental damages from climate changes. These values are referred to as the “social cost of carbon,” the “social cost of methane” and the “social cost of nitrous oxide.”

Oil and Gas Leases on Federal Lands

Governor Mark Gordon’s office issued a statement on Wednesday afternoon blasting the Bureau of Land Management’s (BLM) decision to cancel oil and gas lease sales from public lands through June 2021

“The announcement by the Bureau of Land Management ‘to not hold’ the second quarter oil and gas lease sale due to an ongoing review ordered by President Biden is disappointing, disheartening and not surprising,” said Gordon in the statement. “Federal reviews of anything typically take months, and sometimes years.”

Carbon XPRIZE Awards $7.5 Million to UCLA CarbonBuilt

UCLA CarbonBuilt technology injects flue gas captured carbon dioxide from Wyoming’s ITC into concrete mixtures where it is then stored.

The process, according to the announcement, can reduce the carbon footprint of concrete by more than 50%, reduce raw material costs and increase profitability. CarbonBuilt’s technology increases the use of low-cost waste materials and cuts back on the need for traditional cement.

Gordon Calls Biden’s Federal Lease Moratorium Unnecessary

Western States such as Wyoming are disproportionately affected by the moratorium because of the large amounts of federal lands and leases within their borders.

Wyoming Governor Mark Gordon recently sent a letter to Secretary of the Interior Deb Haaland, and cited the lack of consultation with western governors before the lease sale moratorium was put in effect.  Governor Gordon emphasized that “the eight Western states with federal oil and gas leasing programs will have investment losses of $2.3 billion, production value losses of $882 million and tax revenue losses of $345 million in the first year of the moratorium.”

Bills Supporting Wyoming’s Energy Sector

Governor Gordon has signed three bills into law designed to promote and protect Wyoming’s energy products.

House Bill 166 will require public utilities to take additional steps before retiring coal or natural gas plants in the state. Utilities would be required to demonstrate to the Wyoming Public Service Commission that the retirements would not lead to added costs to ratepayers or less reliable electrical service.

Wyoming’s Potential to Support Carbon Capture and Sequestration

The White House’s American Jobs Plan points to Wyoming’s potential to support clean energy jobs

The Biden Administration has published summary sheets for each state in a push for support of his $2.3T American Jobs Plan.  Wyoming’s summary sheet highlights the state’s “outsized potential for innovative energy technologies including carbon capture and sequestration and geothermal energy generation, that create good paying union jobs.”

WOGCC Comment Period

WOGCC will give industry an opportunity to provide insight and understanding regarding any issues encountered as a result of Executive Order 14008 and Secretarial Order 3395.

The WOGCC will take 45 minutes at the start of the April 13, 2021 hearings to listen to industry comments. No Commission action will be taken regarding these comments at the April 2021 hearing.

Carbon Storage March 2021 Newsletter

The Department of Energy (DOE), the Office of Fossil Energy (FE) and the National Energy Technology Laboratory (NETL) release March’s 2021 Carbon Storage Newsletter (CSN) and summarizes public and private sector carbon storage news from around the world.

The Carbon Storage Newsletter provides information on recent activities and publications related to carbon storage. It covers domestic, international, public sector and private sector news in areas such as: DOE/NETL Highlights, announcements, project and business developments, legislation and policy, emissions trading, science and publications.