** Former California Gov. Arnold Schwarzenegger said any world leaders warning that fighting the climate crisis would damage the economy were “liars” or “stupid.” “All of these countries that come and give speeches, ‘We are not going to go and lose jobs because of going green.”
** Former Vice President Al Gore called on the world to “say goodbye to coal, oil and gas” to fight climate change in a video released Friday ahead of the upcoming UN COP 26 global warming conference.
** Exxon Mobil Corp sent a message to hundreds of union workers locked out of their jobs at its Beaumont, Texas, refinery saying that pay is greater at non-union sites.
** Oil inventories on the U.S. Gulf Coast have grown to the highest in about ten years, adding 20 million barrels since the beginning of the month. The increase is due to stronger export demand from Asia, directing more barrels to the export hubs along the Gulf Coast.
** Exxon Mobil Corp remains focused on hydrocarbons and plans to press ahead with a $30 billion liquefied natural gas project in Mozambique, a top executive said recently.
** Exxon Mobil Corp on Friday pledged to revive its long-dormant share repurchase program next year, bolstered by a jump in profit and improved cash flow in the third quarter as rising global economic activity has caused fossil fuel demand to surge.
** Prices for gasoline in San Francisco reached an all-time on Thursday— the highest average price ever recorded in the United States, according to fuel savings platform GasBuddy. Average prices for the fuel in the San Francisco metro area reached a new all-time high of $4.75 a gallon, breaching the previous record of $4.743 that was set in 2012.
** The Supreme Court on Friday agreed to weigh in on the Environmental Protection Agency’s (EPA) authority when it comes to regulating greenhouse gas emissions from power plants.
World
** The United States and the European Union on Sunday ended a dispute over steel and aluminium tariffs and said they would work on a global arrangement to combat “dirty” production and overcapacity in the industry.
** The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries wrote U.S. lawmakers saying a proposed U.S. electric vehicle tax credit violates international trade rules, according to a joint letter made public Saturday.
** Coal made up nearly a third of planet-warming carbon emissions in 2018, and critics say countries need to cast it aside at a much faster rate. But in the U.K., where coal was once king, its use has been plummeting.
** China will release state reserves of diesel and gasoline to ease supply shortages, in the latest step to combat an energy crunch that’s threatening economic growth.
** As Europe enters the heating season with natural gas inventories at the lowest level in a decade, policymakers, consumers, and industries are left at the mercy of the weather, hoping for a mild winter to avoid further tightening of the already tight European gas market.
