** The Biden administration will consider energy-price data coming out Tuesday as it weighs measures to stem high gasoline prices, including tapping the Strategic Petroleum Reserve, U.S. Energy Secretary Jennifer Granholm said.
** The projected cost of Dominion Energy’s wind turbine project off Virginia’s coast jumps nearly $2 billion to $9.8 billion.
** All 12 federally recognized tribes in Michigan send a letter to the Biden administration seeking support to shut down the Line 5 pipeline in the Straits of Mackinac.
** FirstEnergy will sell a 19.9% percent stake in its transmission businesses for $2.4 billion reports Bloomberg.
** General Motors Co’s Cadillac brand is gearing up to challenge Tesla Inc and other rivals in the luxury electric vehicle market with a new electric utility vehicle and nearly 40% fewer U.S. dealers than it had in 2018, the brand’s global chief told Reuters.
** Spire Missouri officials say about 400,000 homes could be impacted by natural gas shortages if a pipeline from Illinois to St. Louis is forced to close next month according to St. Louis Public Radio.
** A Georgia utility’s plan to cut the nation’s largest coal plant’s capacity in half will reduce demand at Wyoming’s Powder River Basin mines, from which the plant gets most of its coal.
** Washington Gov. Jay Inslee signs an order to electrify the state’s public fleet of vehicles by 2040.
World
** ConocoPhillips presented on Monday plans for the development of Norway’s Tommeliten A gas and condensate discovery, with total investments expected to amount to $1.46 billion, the U.S. oil firm said. Located in the southern sector of Norway’s North Sea, Tommeliten A is estimated to hold reserves corresponding to 125 million barrels of oil equivalent, it added.
** European automakers warn that if production in China, which accounts for 85% of global magnesium supply, does not pick up pace soon, automakers could be facing significant shortfalls of the material.
** Drivers making the switch to electric vehicles risk being forced to spend even more amid rising battery costs, experts have warned, in a blow to Britain’s green ambitions. The cost of lithium battery cells is rising for the first time after years of decline, with strained lithium supplies adding to rising prices of other cell materials.
** Theft from oil pipelines in Colombia is booming as criminal gangs look to replace dwindling supplies of smuggled Venezuelan gasoline for use in the drug trade, as shown by data seen by Reuters from oil-pipeline operator Cenit and tax authorities.
