Thursday’s energy news headlines

** San Diego decides it will no longer invest its financial reserves in the fossil fuel industry because it contradicts the city’s climate goals.

** Nevada regulators authorize NV Energy to spend $100 million over the next three years to build electric vehicle charging infrastructure along major travel corridors and incentivize EV deployment.

** The U.S. Department of Energy launches an effort to find communities willing to host interim spent reactor-fuel storage facilities after the Obama administration took Nevada’s Yucca Mountain repository off the table.

** Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs.

** United Airlines planned Wednesday to power a flight from Chicago to Washington, D.C. using sustainable aviation fuel. The Chicago-based carrier (Nasdaq: UAL) said the flight from O’Hare will be powered by 50% SAF. SAF is a solution available today to help decarbonize aviation, however current requirements state that it cannot exceed 50% of total fuel volume.

** Exxon Mobil expects to double its earnings over the next six years from 2019 levels even as it shifts more spending to low-carbon businesses, the company said in a long-term plan that it released on Wednesday. CEO Darren Woods said in an interview with Barron’s that the new board members have brought new perspectives.

** California may reconsider whether to close its last nuclear power plant as public support has grown for the low-carbon energy source, U.S. Energy Secretary Jennifer Granholm told Reuters on Tuesday.

** A subsidiary of NextEra Energy Resources LLC agreed to sell what it called a “non-controlling interest” in a massive portfolio of clean energy-generating sites as oil prices continued to climb. The LLC’s Juno Beach-based parent company, NextEra Energy (NYSE: NEE), on Tuesday said the deal to sell a 50% stake in its 2,520-megawatt portfolio to the Ontario Teachers’ Pension Plan Board was valued at $866 million.

** Ford is reported to be on track to sell more electric cars than GM this years as the two automotive giants scramble to catch up with Tesla.


** Exxon Mobil Corporation XOM and partners are continuing development plans for the Ca Voi Xanh project, an integrated gas-for-power project in Vietnam. Ca Voi Xanh, also known as Blue Whale, is potentially the biggest natural gas project in Vietnam, with an estimated 150 billion cubic meters in reserves.

** TotalEnergies SE TTE announced that the first wind turbine from Yunlin Offshore Wind Farm (OWF) in Taiwan has started to produce clean power and has been successfully connected to the grid.

** China told Indonesia to stop drilling for oil and natural gas in maritime territory that both countries regard as their own during a months-long standoff in the South China Sea earlier this year, four people familiar with the matter told Reuters.

** India’s capital Delhi recorded its worst November air in at least six years, according to official data. The city recorded 11 days of “severe” pollution, up from 10 days in November 2016.

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