Quick energy reads

** Starting in 2025, New York will be phasing in all-electric heating and cooking for new construction projects. New York just made history for becoming the first U.S. state to ban gas stoves, furnaces and propane heating in most new buildings.

** Three environmental groups have sued California regulators over new rules they say will discourage the growth of rooftop solar installations, in violation of state law. They are asking a tate court in San Francisco to review and set aside the California Public Utilities Commission’s policy changes, which reduce the money credited to rooftop solar panel owners for sending excess power they generate into the grid.

** U.S. natural gas inventories rose by 54 billion cubic feet, or bcf, last week, the Energy Information Administration, or EIA, said, announcing a build historically lower for this time of year in an oversupplied market that needs to see fewer stockpile increases and more demand in order to rally.

** Electric vehicle startups including Rivian and Lordstown Motors are struggling financially even though electric vehicle adoption rates are increasing.



** Shell is looking to sell its stake in a controversial North Sea oil field after Labour accused the Conservatives of failing to bring in a “proper windfall taxes” on energy giants. The oil company is looking for a buyer for its 30pc holding in the Cambo oil project, its partner Ithaca Energy has said.

** The International Chamber of Shipping has quietly warned shippers to think carefully before they sign up for a new plan to reduce pollution and eventually eliminate their contribution to climate change.

** India is considering overturning a ban on foreign investment in its nuclear power industry and allowing greater participation by domestic private firms, two government sources told Reuters, as part of a push for cleaner energy.

** The fallout from the global energy crisis is pushing Thailand to accelerate its shift to renewables after dragging its feet for years, the latest nation to embrace wind and solar in order to reduce dependence on imported fuel.