Quick reads

** The Biden administration started enforcing a nationwide ban on various types of popular light bulbs Tuesday as part of its aggressive energy efficiency agenda. Under the Department of Energy’s (DOE) regulations, manufacturers and retailers will be prohibited from selling incandescent and similar halogen light bulbs which represent a sizable share of current light bulb supplies.

** Senate Majority Leader Chuck Schumer celebrated the one-year anniversary of President Biden’s budget-busting climate bill by vowing a much bigger encore if Democrats gain full control of Washington in next year’s election. It’s hard to comprehend a bigger bill than the IRA, which Goldman Sachs says will amount to $1.2 trillion in green energy giveaways.

** The U.S. Senate passes an amendment aimed at increasing domestic advanced nuclear reactor fuel production and jumpstarting uranium mining in Utah and Wyoming.

** Alaska appeals a March federal court ruling allowing ConocoPhillips to keep drilling data secret.

** Peabody says a June tornado caused $5 million worth of damage and hampered coal shipments at one of its Powder River Basin mines.

** A southern California county seeks $1.8 million from Chevron for the 2022 cleanup of an abandoned pipeline oil spill.

** U.S. Special Presidential Envoy for Climate  was blasted on social media over the weekend by critics who accused him of trying to destroy the agriculture industry in order to achieve “net zero” emissions.

** U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second quarter due to a major year-on-year drop in the price of natural gas liquids, which affected margins, the company said on Tuesday.

** Boston Mayor  on Monday signed an executive order eliminating the use of fossil fuels in new construction and major renovations of city buildings.

** Caterpillar Inc. added further confirmation to China’s downtrodden economic outlook, saying sales of its key machines used on construction sites across the world’s second-largest economy is even worse than the company forecast about three months ago.


** Traders are poised to shell out more than $200,000 a day to ship liquefied natural gas in the coming months as tankers grow scarce ahead of winter, when demand for the heating fuel peaks.

** It’s not often that a train can get you to your destination as fast as flying, but China’s new high-speed maglev train might just pull it off. On a recent test run, the train sprinted to record-breaking speeds of 281 miles per hour, making it the fastest train in the world.

** Doom-mongers do more harm than good, the United Nations’ new climate change chief has said. Prof Jim Skea, the newly elected head of the Intergovernmental Panel on Climate Change (IPCC), warned that apocalyptic messaging merely “paralyses” the public and fails to motivate them to protect the planet.

** Petroleos Mexicanos shut down the country’s largest oil-exporting terminal because of a leak, adding to a string of major operational headaches for the state-owned company just as the summer driving season increases demand for crude.