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State and local energy policies typically relate to efficiency standards and/or transportation. [2] Federal energy policies since the 1973 oil crisis have been criticized for having an alleged crisis-mentality, promoting expensive quick fixes and single-shot solutions that ignore market and technology realities. [3] [4]
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The EPCA declared it to be U.S. policy to establish a reserve of petroleum, setting the Strategic Petroleum Reserve (SPR) into motion, and extended the Emergency Petroleum Allocation Act of 1973 (EPAA). A number of existing storage sites were acquired in 1977. Construction of the first surface facilities began in June 1977.
The Petroleum Papers is a 2022 non-fiction book by journalist Geoff Dembicki on climate change and the fossil fuel industry.. The book documents that specific oil companies had an early awareness of the relationship between climate change and fossil fuels but then deliberately made efforts to discredit the climate science and prevent government regulation.
The policy, which was set out in 2001, had a target of renewable energy providing 5% of electricity generation by 2005, equal to between 500 and 600 megawatt (MW) of installed capacity. The policy has been reinforced by fiscal incentives , such as investment tax allowances and the Small Renewable Energy Programme (SREP), which encourages the ...
The bill – Legislative Instrument (LI) 2204 – seeks to “promote the maximisation of value-addition and job creation through the use of local expertise, goods and services, business and financing in the petroleum industry value chain and their retention in the country; develop local capacities in the petroleum industry value chain through education, skills transfer and expertise ...
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