** President Joe Biden’s suggestion that US oil companies are profiting from Russia’s war in Ukraine was “absolutely outrageous,” according to the trade group representing American oil and natural gas companies.
** A newly formed coalition including major utility companies Dominion Energy, Duke Energy, Louisville Gas & Electric Company and Kentucky Utilities Company, Southern Company and the Tennessee Valley Authority, along with Battelle and others, announced its plan to pursue federal financial support for a Southeast Hydrogen Hub.
** As clean energy advocates in North Carolina eagerly await the state’s first off-shore wind farm, a planned 1,200-megawatt project off the Massachusetts coastline could grind to a halt over rising costs.
** Vice President Kamala Harris is to announce new steps the Biden administration is taking to help lower energy costs for Americans this winter. The U.S. Department of Health and Human Services is providing $4.5 billion in assistance to help cut heating costs for the Low-Income Home Energy Assistance Program (LIHEAP), according to the White House.
** The US government has funneled more than $9bn (£7.7bn) into oil and gas projects in Africa since it signed up to restrain global heating in the 2015 Paris climate agreement, a tally of official data shows, committing just $682m (£587m) to clean energy developments such as wind and solar over the same period.
** Internal Biden administration communications obtained by Fox News Digital showed that the State Department has consulted with environmental groups on policies including a potential coal investment ban. Special Presidential Envoy for Climate (SPEC) John Kerry’s office exchanged emails with eco groups to schedule off-paper meetings on the key policy items last fall, according to documents obtained by government watchdog Protect the Public’s Trust (PPT) and shared with Fox News Digital.
** U.S. automaker Ford Motor Co opened its new global technology and business center on the outskirts of Mexico’s capital on Monday after a $260 million investment.
** U.S. automaker Ford Motor Co opened its new global technology and business center on the outskirts of Mexico’s capital on Monday after a $260 million investment.
** BP’s profits more than doubled in the third quarter to $8.2bn (£7.1bn), even as it paid the Government’s windfall tax for the first time. On the back of soaring oil and gas prices, the energy giant’s earnings for July to September were up from $3.3bn a year ago.
World
** Russia will consider what further steps it will take in regard to its claim that the UK Navy was involved in the sabotage of the Nord Stream gas pipelines in the Baltic Sea last month, Kremlin spokesman Dmitry Peskov said on Tuesday. Russia accused the UK of being involved in the explosions that put the Nord Stream 1 and 2 pipelines out of commission.
** The United States and United Arab Emirates have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035, U.S. Secretary of State Antony Blinken said on Tuesday.