** JetBlue and Fidelis New Energy, LLC announced a memorandum of understanding (MOU) to provide JetBlue at least 92 million gallons of blended sustainable aviation fuel from Fidelis’ Grön Fuels GigaSystem™ at the Port of Greater Baton Rouge in Louisiana. This SAF is expected to be delivered over the five-year term with a targeted start date of 2025.
** U.S. corporations installed nearly 19 GW of solar in the first nine months of 2022, doubling total capacity since 2019, with Meta, Amazon, Apple, Walmart and Microsoft leading the way.
** The U.S. Treasury Department issues wage and apprenticeship standards that firms must meet to qualify for clean energy tax incentives in the Inflation Reduction Act.
** A federal judge orders Enbridge and the Bad River Band of Lake Superior Chippewa to develop an emergency plan to prevent potential spills from Line 5 on tribal land in northern Wisconsin.
** In the Maryland suburbs of D.C., the Montgomery County Council passes a bill requiring an all-electric building standard for most new buildings, major renovations and additions starting in 2027.
** Furious about oil companies’ supersized profits after a summer of record-high gas prices, California Gov. Gavin Newsom on Monday will formally start his campaign to punish big producers by asking the Legislature to fine them and give the money back to drivers.
World
** The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production.
** India will prioritize its own energy needs and continue to buy oil from Russia, its foreign minister signaled Monday, as Western governments press Moscow with a price cap to squeeze its earnings from oil exports.
** India will prioritize its own energy needs and continue to buy oil from Russia, its foreign minister signaled Monday, as Western governments press Moscow with a price cap to squeeze its earnings from oil exports.
** In November, Europe’s natural gas demand was 24% lower than the five-year average for the month, largely due to reduced industrial demand amid high prices.