Energy briefs

** Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett‘s conglomerate, all of which the billionaire investor and his board opposed.

** The rupture of a Louisiana pipeline that released 107,000 gallons of carbon dioxide raises concerns about similar issues among opponents of a proposed carbon pipeline in South Dakota.

** Rivian’s announcement it will expand production at its Illinois plant fuels concern about whether the electric vehicle company will build its paused $5 billion Georgia factory.

** Missouri lawmakers advance legislation to ban eminent domain for wind and solar projects, even though the practice for seizing property has never been used to build renewable energy projects.

** Republican U.S. senators from Western states push back on the federal Bureau of Land Management’s proposed public lands solar plan, saying it could affect livestock grazing and other extractive uses. 


** Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global surplus.

** Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the United States and a return to normal consumption after last year’s bounce following COVID-19.

** Capital spending on all-new deepwater drilling is poised to hit a 12-year high next year, predicts consultancy Rystad Energy. Investment in all-new and existing deepwater fields could hit $130.7 billion in 2027, a 30% jump over 2023, it said.