June 9, 2017 archive

Rep. Russell says Paris Climate Accord was a “Giant Transfer of US Wealth”

A week after President Trump announced his decision to pull out of the Paris Climate Accord and attempt to renegotiate a better deal for the U.S. he has the support of Oklahoma Congressman Steve Russell. “All of us should be good stewards, but the Paris Climate Accord amounted to a giant transfer of America’s wealth …

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Environmental Activist Could Get 10 Years in Prison For What He Did

Environmental activist Ken Ward in Washington State has been convicted of second degree burglary after he shut off an emergency pipeline valve in a climate change protest. He faces up to ten years in prison and $20,000 in fines, according to a report in The Seattle Weekly. The incident occurred last October at a tar …

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Devon Declares 3rd Quarter Dividend

Despite the drop in oil prices, things are going well enough at Oklahoma City-based Devon Energy that the company’s announced a quarterly cash dividend of 6-cents per common stock for the third quarter. The company announced this week the dividend will be payable Sept. 29, 2017.

Midstates Petroleum Losing CFO

Executive Vice President and CFO Nelson M. Haight at Midstates Petroleum Company in Tulsa is leaving the company this coming week. The firm announced Haight plans to resign from his position effective June 15 to explore other opportunities in the oil and gas sector. The company said his duties and responsibilities will be assumed by …

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Kansas City Tops in Electric Vehicle Growth Nationwide

  In a state with so many pickup truck owners, it’s no surprise that a new survey of electric vehicle use shows Oklahoma with zero growth in the past few years. The survey by IHS Automotive and the Electric Power Research Institute says the Kansas City metro, for the second quarter in a row, experienced …

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Oil Companies Join in Legal Challenge to Oklahoma Cigarette “Fee”

Two oil companies are among those filing a constitutional challenge to the new cigarette tax that legislators labeled a ‘fee’ to get around the state constitution in the waning days of the legislative session last month. They are Hutchinson Oil Company, LLC of Clinton and Rogers Oil Company headquartered in Blackwell. They joined Philip Morris …

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