June 27, 2024 archive

EPA finally settles lawsuit over 2015 Gold King mine blowout

  It was nine years ago when an EPA project in southern Colorado led to the disastrous event that became known as the Gold King Mine blowout, where millions of gallons of acid mine waste were released in to the Animas River. It not only caused an environmental disaster in Southern Colorado but in New …

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Nearly half of EV owners “regret” their switch from gas cars

  Here’s an eye-opener about EV owners. A new survey says nearly half of the owners of electric vehicles in the U.S. aren’t happy with their purchase and regret making the switch from gasoline-powered vehicles to EVs. Released this month, the Mobility Consumer Pulse for 2024 conducted by McKinsey & Co., the survey found that …

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Energy briefs

** Here’s where more of your money is going. The Biden administration announced Wednesday $375 million in funding for renewable energy projects, predominantly through the Inflation Reduction Act (IRA). The funding, announced by Agriculture Secretary Tom Vilsack, includes $275 million through the Powering Affordable Clean Energy (PACE) program, an IRA program devoted to renewable electrification in rural …

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Oil execs predict continued oil company consolidations will lead to lower oil production

  Oil company executives surveyed by the Federal Reserve Bank of Dallas predict there will be a decline of US oil production—-if the corporate-acquisition spree continues across the shale sector. More than 50% of them said they see lower domestic crude output, especially if the consolidation of oil and gas firms continues for the next …

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New AEP chairman named

    The parent company of Public Service Company of Oklahoma just got a new President. American Electric Power’s Board of Directors has elected William J. “Bill” Fehrman as president and chief executive officer, effective Aug. 1, 2024. Fehrman, 63, is AEP’s 13th president and ninth CEO in the company’s 118-year history. He will succeed Ben Fowke, …

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