Other energy headlines

** Campaigning in Georgia on Sunday, Republican Senate candidate Herschel Walker said the United States is not ready to implement policies like the Green New Deal that are designed to address climate change. Instead, Walker suggested the country needs to “keep having those gas-guzzling cars” that produce “good emissions.”

** The U.S. is facing a diesel crunch just as demand is surging ahead of winter — with only 25 days of supply left, according to the Energy Information Administration. National Economic Council Director Brian Deese told Bloomberg TV that diesel inventories are “unacceptably low” and “all options are on the table” to bolster supply and reduce prices.

** U.S. climate envoy John Kerry said on Tuesday he wants to come up with a plan by April to reform the multilateral development banks system to unleash “hundreds of billions” of dollars to help vulnerable countries combat and adapt to climate change.


** Mexico announced Monday that it plans to dramatically increase the amount of power it generates from renewable sources of energy, deploying more than 30 additional gigawatts of annual electricity generation from wind, solar, geothermal and hydropower by 2030.

** The world was hoping to crucify Saudi Arabia as a top oil exporter, its energy minister said on the sidelines of the COP27 summit in Egypt, adding the kingdom would be closely monitoring other countries’ renewable promises.

** A turbine at Hywind Tampen, a facility described as the world’s largest floating wind farm, produced its first power over the weekend, Norwegian energy firm Equinor announced in a statement Monday.

** Germany and Poland announced separate takeovers of natural gas companies linked to Russian energy giant Gazprom on Monday, saying the moves were aimed at securing supply as Europe struggles with an energy crisis tied to the war in Ukraine.

** US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.

** Significant global economic uncertainties in the coming months made OPEC cut on Monday its estimate of global oil demand growth for this year and next, in the fifth reduction of consumption forecasts since April.