Energy quick reads

** U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), applauded the U.S. House of Representatives for passing by voice vote H.R.1042, companion legislation to S. 763, a bipartisan bill introduced by Barrasso to prohibit U.S. imports of Russian uranium.

** A House panel subpoenaed The Vanguard Group and Arjuna Capital on Monday, the latest step in its yearlong investigation into whether investment funds’ environmental, social and governance policies violate antitrust laws, according to The Hill.

** The U.S. Chemical Safety and Hazard Investigation Board (CSB)issued a finding this week on a 2021 liquid nitrogen release that killed 6 workers at the Foundation Food Group plant in Gainesville, Georgia. It blamed a  bent “bubbler tube” that was damaged during maintenance.

** Warmer weather and large stockpiles have sent natural gas prices tumbling, down more than 27% over the last two months.

**  Lucid Group Inc.’s chief financial officer stepped down from the maker of luxury electric vehicles, an abrupt shakeup atop a company struggling to boost output. Sherry House resigned from her position effective immediately to pursue unspecified opportunities, the company said in a statement Monday.

** BP Plc asked US energy regulators to intervene in its dispute with Venture Global LNG Inc. over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.

** A group of 18 California children – ranging in ages from 8 to 17 – has filed a new constitutional climate case in federal court against the US Environmental Protection Agency, alleging it has harmed children’s health and welfare over decades.

** The United Auto Workers union said Monday it filed unfair labor practice charges against Honda Motor, Hyundai Motor and Volkswagen citing aggressive anti-union campaigns to deter workers from organizing.


** The latest iteration of negotiating text at this year’s global climate summit has dropped a previous version’s suggestion of a phaseout of fossil fuels. Instead, the latest draft text, introduced Monday, calls for reducing” consumption and production of fossil fuels “in a just, orderly and equitable manner,” reported The Hill.

** Green supporters didn’t like the draft at the COP28. Protesters stood outside chanting: “This text is bullshit.” Former U.S. Vice President Al Gore unloaded on the proposal, saying in a statement that “COP28 is now on the verge of complete failure.”

** Airline lobby group IATA has urged the Brazilian government and state-run oil company Petrobras to tweak the way jet fuel is charged in the country in order to reduce costs, calling kerosene prices in the South American nation “excessively high.”

** Oil majors operating in Guyana’s waters are “moving ahead aggressively” with production plans despite Venezuela’s threats to take over the region in an escalating border conflict, according to President Irfaan Ali