** Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid a global shortage of the heating fuel reports Bloomberg.
** Reps. Alexandria Ocasio-Cortez (D-N.Y.), Rashida Tlaib (D-Mich.) and seven other House Democrats are urging the Justice Department to release American environmental lawyer Steven Donziger, who helped Indigenous communities in Ecuador win a $9.5 billion lawsuit against Chevron. He’s doing six months for contempt of court.
** Michigan’s two Democratic U.S. Sens. Debbie Stabenow and Gary Peters are pressuring West Virginia U.S. Sen. Joe Manchin over his objections to a proposed $4,500 tax incentive for union-made U.S. electric vehicles as part of the “Build Back Better” legislation before the Senate.
** Tesla Inc plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday.
** North Carolina came closer Monday to joining 20 other states around the country in passing legislation that will prevent local governments from banning the use of energy sources, like natural gas, in new construction or renovations. House Bill 220 would formally prevent local governments in North Carolina from banning natural gas in new or renovated buildings and was sent to the governor for his signature.
** A Canadian regulator’s rejection last week of Enbridge Inc’s plan to sell space long-term on the country’s biggest oil pipeline dealt the company a double whammy that analysts say could hit its bottom line.
** BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition toward cleaner sources of energy.
** Government officials in British Columbia on Monday extended restrictions on the use of fuel by residents, saying it was needed for emergency vehicles as the region recovers from devastating floods.
** Capital Power Corp and Enbridge Inc agreed to partner on a carbon capture and storage (CCS) project, the companies said on Monday, that would aim to capture up to three million tonnes of carbon dioxide emissions annually.
** Iran has not given up on plans to boost its oil production to more than 5 million barrels per day despite the lack of progress on nuclear talks, Bloomberg reported, citing the managing director of the National Iranian Oil Company.