** Exxon’s upstream division will take a hit of as much as $1 billion from lower oil and gas prices, the Spring, Texas-based company said in a filing Wednesday. Additionally, earnings will fall by as much as $1.3 billion due to “timing effects,” which include unsettled derivatives from trading. ** Vice President Kamala Harris and Environmental Protection …
Category: EPA
Energy quick reads
** Biden administration estimates show that the US government could spend more than $1.8 trillion over ten years on energy tax subsidies, if they are made permanent. These costs could increase even further as new regulations, such as the recently finalized tailpipe emissions rule and proposed power plant rule, force greater adoption of tax credit‐eligible technologies. ** The …
Energy quick reads
** The U.S. was the world’s largest exporter of liquified natural gas (LNG) in 2023, according to federal data released on Monday. U.S. exports of the fossil fuel last year surpassed those of major exporters Qatar and Australia and amounted to 12 percent more American gas shipped than in 2022, the independent Energy Information Administration said. …
Lucas—SEC’s climate disclosure rule a “punch in the nose to Main Street America”
Oklahoma Congressman Frank Lucas isn’t afraid to be blunt in critically describing what he thinks of the recent Securities and Exchange Commission approval of its final climate disclosure rule. In a recent public opinion, published in the Washington Times, the western Oklahoma U.S. Representative called it a “regulatory punch in the nose to Main Street …
Energy quick reads
** Maryland Gov. Wes Moore warned of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse. ** A Michigan facility will become the first shuttered nuclear plant in the country to resume energy generation, a …
Energy quick reads
** The bodies of two people were recovered from the Patapsco River on Wednesday as officials searched the water where the Key bridge collapsed after being hit by an out-of-control container ship. The men, a 35-year-old and a 26-year-old, were found trapped in a red pickup at the middle of the fallen bridge, according to …
Energy quick reads
** A major bridge in the US city of Baltimore collapsed early Tuesday after being struck by a container ship, sending multiple vehicles and people plunging into the frigid harbor below. Dramatic footage showed a 300-meter vessel hitting the Francis Scott Key Bridge, bringing the steel-built structure crashing into the Patapsco River. ** An aluminum company has …
Energy quick reads
** The Biden administration announced $6 billion in funding Monday for projects that will slash emissions from the industrial sector — the largest-ever U.S. investment to decarbonize domestic industry to fight climate change. ** Sustainable energy company Avangrid unveiled its economic and fiscal impact report on March 1 and announced that its Kitty Hawk Wind project …
Energy quick reads
** Maine’s top environmental regulator, the Maine Board of Environmental Protection rejected a proposed state electric vehicle (EV) mandate in a surprise vote, bucking climate concerns voiced by eco groups and Democrats. ** Minnesota company Carba is helping to slow down an overheating planet by pulling its solution right from the air. As detailed by the Star …
Energy quick reads
** The Biden administration finalized a rule Wednesday that’s expected to make a significant amount of the new car market electric or hybrid. Under the rule, 56 percent of the new vehicles on the market in 2032 could be battery electric, while an additional 13 percent could be plug-in hybrids. ** Texas and New Mexico …
