Quick energy reads

** Occidental Petroleum Corp. President-CEO  says the Permian Basin is the core of the highest quality, most complementary assets her company has ever had.

** A top climate adviser to US President  signaled the administration could phase in some requirements for a valuable new hydrogen tax credit in a bid to nurture a nascent industry critical to decarbonizing industrial operations.

** In 2017, Michigan State University officials said putting solar panels in five parking lots could generate $10 million worth of electricity over 25 years for the school. Six years later, the university says those predictions appear on track.

** The Texas power grid is withstanding a string of triple-digit temperature days in the state, spurring households and businesses to use a record amount of electricity.

** The U.S. government’s most ambitious plan ever to slash planet-warming greenhouse gas emissions from passenger vehicles faces skepticism both about how realistic it is and whether it goes far enough.

** Conservative organizations have released a proposed “battle plan” for the next Republican president. The plan calls for the president to end the Inflation Reduction Act, which has primarily benefited red states.

** A nuclear fusion experiment that takes scientists one step closer to creating endless clean energy has been repeated by experts in the United States, proving their previous success was not a one-off. Scientists at the Lawrence Livermore National Laboratory in California replicated a ground-breaking December 2022 experiment where they made more energy from fusion than they put in.

** Ice cream vans in New York could be banned from using fossil fuels to chill their wares under a new law. , a Democratic politician, is pushing local legislation that would give hundreds of vans three years to switch to electric generators or be taken off the street.



** Siemens Energy AG launched a strategic review of its wind power business as problems with its turbines are expected to cause a €4.5 billion ($5 billion) net loss in one of industrial Germany’s biggest debacles.

** Saudi Arabia’s state oil company will help plug the Gulf nation’s widening budget deficit after massively increasing its dividend payout despite falling revenues. Saudi Aramco, the world’s largest oil producing company, on Monday said it would increase its payout to investors by 56pc to $29.4bn (£23bn).

** Daimler Truck’s chief financial officer Jochen Goetz has died in a “tragic incident,” the company said on Sunday. Goetz, 52, died on Saturday, a statement said, without giving further details.

** Poland has stopped shipping oil through part of the western section of the Druzhba pipeline that sends crude to Germany after a leak was detected late Saturday, according to Polish pipeline operator PERN.