Energy news in brief

** -The U.S. Army Corps of Engineers on Friday said it will allow Energy Transfer’s Dakota Access oil pipeline to keep running, after an environmental permit was scrapped last year, a blow to activists who wanted to see the line shut.

** The Treasury Department estimates its plan to end subsidies for fossil fuel companies would bring in over $35 billion in federal revenue over 10 years.

** U.S. Representative Teresa Leger Fernandez has introduced a bill proposing $8 billion to be spent on plugging and cleaning up abandoned oil and gas wells in a bid to create new jobs in the energy industry and reduce fugitive methane emissions that abandoned wells continue to generate until they are plugged.

** A major fire broke out on Wednesday at an oil refinery run by Petroleos Mexicanos (Pemex) in the eastern city of Minatitlan by the Gulf of Mexico, but there were no fatalities and the blaze was controlled, Mexican media and authorities said.

** An alliance of Wall Street and big tech is warning the Texas government against imposing new costs on renewable power plants as the blame game over the state’s winter blackouts intensifies. Companies ranging from Goldman Sachs and JPMorgan Chase to Amazon and Google, and including Warren Buffett’s Berkshire Hathaway Energy, are trying to head off new legislation they say would upend the economics of wind and solar power in the state.

** India is at the ready to purchase more Iranian oil immediately if U.S. sanctions on Iran are lifted, a government official has threatened in the latest escalation of the India-Saudi spat over crude oil.

** President Joe Biden is set to issue an executive order on climate disclosure within capital markets, a move that could shift investments overall with implications for the fossil-fuel and renewable sectors, according to U.S. climate envoy John Kerry.

** Electric vehicles play a larger role at the St. Louis Auto Show as automakers prepare to launch more models.

** Federal regulators order Hilcorp to replace an aging, 7-mile-long pipeline that sprung a leak last week in Alaska’s Cook Inlet.