** Last week, the Biden administration considered sending pre-paid gas cards to Americans to help ease pain at the pump, Axios reported Saturday. Per Axios, a House Democratic counsel talked the White House out of the idea by arguing that gas cards would be expensive, poorly targeted, ineffective, and difficult for the understaffed IRS to handle during tax season.
** Union workers were removed from a Chevron Corp oil refinery near San Francisco hours ahead of a deadline to begin the first labor strike at the gasoline producing plant in more than 40 years.
** Nearly 200 wells have been approved to be drilled since Colorado tightened oil and gas rules, and hundreds more already had permits.
** The US Energy Information Administration released its Annual Energy Outlook 2022 (AEO2022) and projected that energy-related carbon dioxide (CO2) emissions will decrease in the United States through the mid-2030s and then increase through 2050 across a wide variety of assumptions. It projected that over time, increasing emissions from natural gas and petroleum consumption growth will offset declines in emissions from coal consumption.
** Regular gasoline averaged $4.26 per gallon Sunday, per AAA, down about 7 cents from a week earlier, but still roughly $1.40 higher than a year ago.
** The U.S. is poised to take a big step toward requiring that publicly traded companies disclose their climate risk exposure, through the issuance of proposed rules from the Securities and Exchange Commission reported Axios.
** Maryland’s governor signed a bill to officially suspend the state’s gasoline tax, a temporary measure that officials and lawmakers hope will relieve some financial pressure for car-driving residents.
** Georgia Gov. Brian Kemp signed a bill Friday suspending the state’s gasoline tax through the end of May, costing $400 million in road funds that will be subsidized by a state tax surplus.
** More than 3,000 Canadian Pacific Rail conductors, engineers, train and yard workers represented by the Teamsters Canada Rail Conference are off the job after both sides couldn’t reach a deal by a midnight deadline.
** While BP, Shell, and ExxonMobil raced to announce they are withdrawing from all their operations and stakes in companies and joint ventures in Russia following Putin’s invasion of Ukraine, Schlumberger, Halliburton, and Baker Hughes have not announced such moves, the Financial Times reports.
** Gennady Timchenko, a long-time ally of Russian President Vladimir Putin, resigned from the board at gas producer Novatek on Monday after he was targeted by sanctions over Russia’s military campaign in Ukraine.
** In a major speech on Monday, United Nations Secretary-General António Guterres warned that Russia’s unprovoked invasion of Ukraine could set back the climate agenda and spark a global food crisis,