Category: EPA

Energy briefs

** Chevron Corp posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high prices for natural gas and oil, and boosted its share buyback target. The oil major posted second-quarter net profit of $11.6 billion, or $5.95 per diluted share, more than triple the $3.1 billion, or $1.60 per share, in the …

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Big energy department loan

  The Biden administration handed out more government funding this week in the name of EV development. The Energy Department announced a $102 million loan to expand a Louisiana processing facility for materials used in electric vehicle batteries. Owned by Syrah Technologies in Vidalia, Louisiana, the facility will use the loan to create 150 jobs …

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U.S. and world headlines

** A Senate Democratic deal includes a new $4,000 tax credit for used electric vehicles and other new tax credits and grants for automakers to retool factories to build greener cars. ** The Biden administration is announcing several initiatives aimed at boosting the deployment of solar energy. One of the initiatives, from the Department of Housing and Urban …

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Headlines of other energy stories

** Sen. Joe Manchin (D-W.Va.) announced on Wednesday that he has struck a deal with Senate Majority Leader Charles Schumer (D-N.Y.) on legislation aimed at advancing key pieces of President Biden’s agenda, including measures that target taxes, lowering drug prices and combating climate change. ** Exxon Mobil Corp on Tuesday said it has made two new …

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Lawsuit against Oklahoma’s coal ash regulatory power is thrown out

  The U.S. Court of Appeals for the D.C. Circuit on Tuesday ordered the dismissal of a longstanding lawsuit challenging Oklahoma’s program regulating the disposal of coal ash. In Waterkeeper Alliance v. Regan, the D.C. Circuit held unanimously that the advocacy groups bringing the suit lacked standing to challenge Oklahoma’s environmental program, in part because certain …

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More headlines

** Shell USA Inc. agreed on July 25 to acquire Shell Midstream Partners LP in a buyout transaction worth nearly $2 billion. The transaction marks the latest MLP roll-up in the midstream space largely seen as being driven by the elimination of incentive distribution rights. ** The Biden administration on Monday outlined plans to plant 1 billion trees …

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Other headlines

** Former Vice President Al Gore said Sunday that now is the time to act on climate change as the U.S. experiences record heat and wildfires rage across Europe. Gore said global warming pollution is trapping the heat equivalent of 600,000 Hiroshima-class atomic bombs. ** The U.S. still remains ‘a ways away’ from reaching an international agreement to impose a price …

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Senators fight to block social cost of carbon used by feds

  Oklahoma U.S. Sens. James Lankford and Jim Inhofe led a handful of other senators in filing a bill to fight the Biden administration from using the social cost of carbon  in any rulemaking process. A dozen other Republican Senators joined them in the introduction of the Transparency and Honesty in Energy Regulations Act which would prohibit …

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Headlines of other stories

** TotalEnergies says it will cut gasoline prices by 10% in a move it says is an alternative to a windfall tax. ** The first of 100,000 delivery EVs can now be seen in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, St. Louis and other cities. ** Top Western energy companies are expected to unleash …

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Environmental Justice caucus formed in OKC

  Oklahoma City prepares to sponsor a newly-formed Environmental Justice Caucus. The city announced that those interested in environmental justice can register to attend a free caucus at 5 p.m. Aug. 15 at the Oklahoma City Convention Center. In the announcement, the city explained the locally-driven discussion will allow people to share ideas, build relationships and communicate …

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