** President Bidensaid that the Nord Stream 2 pipeline from Russia to Germany will not go forward if Russia invades Ukraine. “If Russia invades, that means tanks or troops crossing the border of Ukraine, again, then there will be no longer Nord Stream 2. We will bring an end to it,” Biden said at a joint press conference with German Chancellor Olaf Scholz.
** Electric utility industry CEOs will meet with Biden on Wednesday to advocate for Democrats to pass the clean energy tax credit piece of the Build Back Better agenda.
** Oil executives tempted by the prospect of the highest crude prices in seven years are showing all the signs of abandoning pledges to hold the line on drilling budgets, Citigroup Inc. said.
** The cost to transport a shipment of U.S. liquefied natural gas to energy-starved Europe turned negative, a dramatic reversal that illustrates a growing glut of ships in the Atlantic ferrying American fuel.
** The first Kansas City-made electric vehicles just rolled off the line at Ford’s massive factory in the Northland. Detroit-based Ford Motor Co. announced Tuesday that its Kansas City plant began shipping the 2022 E-Transit van, the electric version of the popular Ford Transit cargo van.
** Supplies of diesel and heating oil in the United States have dwindled as refiners are having trouble replenishing the domestic fuel supply this winter, which may keep oil prices elevated for months.
** The Turlock Irrigation District in California plans to use a $20 million state grant to demonstrate solar panels atop canals. TID would be the first water agency in the nation to try such a thing if its board votes Tuesday to accept the money.
World
** Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday.
** Mexico’s state-run oil firm Pemex has sharply reduced crude exports to India, the third largest market for its oil, amid preparations for a new refinery expected to absorb more of its output, according to data and people familiar with the matter.
** Shopkeepers, city councils and a religious community group spoke out over surging energy bills in Turkey on Tuesday, while doctors held a one-day strike over working conditions as a wave of inflation-fuelled discontent spread across the country.
** European electricity prices jumped after the region’s biggest producer cut its nuclear output target for a second time in a month, the latest sign that this winter’s energy crisis is far from over. Electricite de France SA said its nuclear production could fall this year to levels not seen since 1990.