Natural Gas News – December 16, 2021
Natural Gas News – December 16, 2021
New York City bans natural gas in new buildings
The New York City Council voted on Wednesday to ban the use of natural gas in new buildings, following in the footsteps of dozens of smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy. New buildings in the biggest U.S. city with 8.8 million residents will have to use electricity for heat and cooking, according to the council vote that was streamed on its website. “The bill to ban the use of gas in new buildings will (help) us to transition to a greener future and (reach) carbon neutrality by the year 2050,” said City Council Speaker Corey Johnson, noting “We are in a climate crisis and must take all necessary steps to fight climate change and protect our city.” In the near-term, the new law will do little to reduce carbon emissions in the Big Apple, as numerous older buildings… For more info go to https://reut.rs/3s8T7RN
Energy Stocks Set To Break Out In 2022
The energy sector has recovered this year, driven by the reopening of economies and the subsequent rebound in oil demand. Despite the pullback in oil prices and energy stocks in recent weeks, energy has been the top-performing S&P 500 sector this year. The energy sector has room to rise even more next year, as energy demand is set to continue rebounding. The low valuations of many energy stocks and the handsome yields could make the sector more attractive for investors in 2022, analysts say. Energy is also one of the industries benefiting from the reopening of economies, strong consumer spending, and economic growth. Even with intermittent scares of new COVID variants, such as Omicron in recent weeks, analysts do not expect mass lockdowns globally as in the spring of 2020 and do not see—c… For more info go to https://bit.ly/3yAH018
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