Short energy stories

** Goldman Sachs Asset Management (GSAM) on Wednesday said it was liquidating the Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER). GER’s board of trustees, at GSAM’s recommendation, approved a plan of liquidation and dissolution for the fund.

** Climate activists interrupted an event with Sen. Joe Manchin (D-W.Va.) on Tuesday, shouting “dirty deal,” as he began discussing the Mountain Valley pipeline deal he secured in the recent debt-ceiling agreement.

** A Republican congressional committee escalated its campaign against sustainable investing on Tuesday. The GOP heads of two major House subcommittees sought to cast investing that considers factors like climate or human rights as an insidious attempt to “rewire the fabric of America,” in the words of Rep. Pat Fallon (R-Texas), chairman of the Oversight Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs.

** Two smokestacks imploded at a shuttered power plant in Pennsylvania, causing damage to nearby homes.

** Ford Motor Co said on Tuesday it is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks because engine failures may cause a fire. The recall covers various Escape and Lincoln Corsair SUVs and Maverick compact pickup trucks from the 2020-2023 model years with 2.5L hybrid or plug-in hybrid engines.

** The Biden administration on Monday announced a goal to produce 50 million metric tons of clean hydrogen fuel by 2050 – a roadmap that, if successful, would cut around 10% of the country’s planet-warming pollution by the same date.

** The U.S. Army Corps of Engineers has launched a five-year “mega-study” of the lower Mississippi River to examine all aspects of the operation and management of the river.



** The window has closed to prevent the melting of summer Arctic Sea ice due to human-caused climate change, according to a study published Tuesday in the journal Nature Communications.

** The Arctic Ocean’s ice cap will disappear in summer as soon as the 2030s and a decade earlier than thought, no matter how aggressively humanity draws down the carbon pollution that drives global warming, scientists said Tuesday.

** The US International Development Finance Corp. pledged up to $500 million to help increase Poland’s natural gas imports — appearing to contravene a Biden administration commitment to halt public finance for foreign fossil-fuel projects.

** Laboring under the weight of the Ukraine war, the Russian energy industry has become dependent on China and India and it’s scrambling to make more liquefied natural gas because American LNG exports are crippling it.