** Lawyers from ClientEarth, a Shell shareholder, are seeking to hold the oil and gas giant’s 13 directors personally liable for what failing to adequately prepare for the global shift to a low-carbon economy.
** Intel plans to invest up to $89 billion over the next decade to build up Europe’s supply chain for semiconductors according to CNN Business.
** The West Virginia legislature recently passed a bill that would allow the state treasurer to restrict the state’s business with financial institutions that adopt corporate policies to cut off financing for the coal, oil, and natural gas industries.
** A report indicates there is growing opposition to renewable energy projects across the globe. It stated that land-use conflicts in the U.S. have meant that 31 big wind and 13 major solar projects were halted across the country in 2021.
** The Nebraska Public Power District ends a nearly 30-year partnership with Entergy and takes over full operation of the state’s only nuclear power plant.
** Wyoming holds its most lucrative state land oil and gas lease sale in three years, generating about $2.7 million for schools and other institutions.
** An ongoing methane leak at a ConocoPhillips oil and gas facility on Alaska’s North Slope has significantly reduced crude production at the site.
The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast Guard, nearly a year after another ship run by the same company blocked the Suez Canal for six days.
** Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said on Wednesday, as sanctions bite and buyers hold off.
** India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russia’s invasion of Ukraine, nor has it joined in with the West’s tough sanctions imposed on the country.
** Saudi and Chinese officials are in talks to price some of the Gulf nation’s oil sales in yuan rather than dollars or euros, The Wall Street Journal reported Tuesday, citing people familiar with the matter.