Newsletter

Daniel Yergin is a leading authority on energy, geopolitics, and the global economy, bestselling author, and winner of the Pulitzer Prize for the 2023 Annual Operating Conference and Trade Show in Houston on May 22-24, 2023:

Daniel Yergin is a highly respected authority on energy, international politics, and economics. He is Vice Chairman of S&P Global and chairman of CERAWeek, which CNBC has described as "the Super Bowl of world energy."

On December 14, ILTA hosted an Energy Transition Briefing to discuss how liquid fuels and liquids commodities would play a significant role in the transition and diversification of energy sources from fossil fuels to other fuel sources. The purpose of the briefing was to help ILTA members better understand the business and strategic relevance of the liquid storage and logistics industry’s role in long-term transition and diversification of energy sources. A copy of presentation slides is attached below.

The Environmental Protection Agency continues its efforts to reduce climate-changing emissions related to fossil fuels industry, particularly around the oil and gas sector. In November 2022, EPA issued a proposed rule to strengthening its previous proposals to reduce harmful emissions such as methane and other harmful emissions. On November 15, EPA issued this supplemental proposal to update, strengthen, and expand previous proposed standards intended to significantly reduce emissions of greenhouse gases (GHGs).

The revised version of the bipartisan 2023 National Defense Authorization Act, passed on December 15, includes a provision requiring an annual progress report on certifying PFAS-free replacements for AFFF. The DOD is already required to phase out all military use of AFFF by October 1, 2024.

The Transportation Worker Identification Credential (TWIC) Reader Rule (TWIC Reader Rule) will have at least a three-year delay. In June 2022, the U.S. Department of Homeland Security, acting through the U.S. Coast Guard (USCG), issued a notice in the federal government’s Spring Unified Agenda, that the TWIC Reader Rule would likely be delayed for another three years until approximately May 2026. The USCG informed ILTA and its members at ILTA’s Fall EHS&S meeting that a forthcoming Federal Register Notice would be issued requesting comments as to whether the TWIC Reader Rule should be delayed.