** The Colorado Supreme Court permitted Boulder County and the city of Boulder on Monday to proceed with their lawsuit against two fossil fuel corporations over alleged local harms caused by the effects of climate change.
** BP’s underperformance and strategy shifts have made it a potential takeover target. Shell, Chevron, Exxon, TotalEnergies, and others have looked into acquiring the oil company.
** General Motors is recalling 597,630 of its full-size U.S. trucks and SUVs because the vehicles’ V8 engines can fail without warning, raising the risk of a crash.
** Researchers find an oil and gas well blowout in northeastern Colorado last month exposed residents up to two miles from the facility to dangerous levels of carcinogens and other harmful chemicals.
** Washington and Oregon officials say a lack of transmission capacity and long Bonneville Power Administration grid interconnection times have stifled efforts to decarbonize the power sector and slowed clean energy development.
** The U.S. Interior Department plans to greenlight oil and gas exploration on reinstated contested leases in the Arctic National Wildlife Refuge later this year.
** A University of Southern California report predicts planned refinery closures will spur the state’s gas prices to climb as high as $8 per gallon by the end of next year.
** The Trump administration has frozen $38 million for a research project that aimed to figure out how to use dramatically less fertilizer on biofuel crops that could limit potent greenhouse gases while saving farmers $6 billion.
World
** France said on Monday that leaders at a meeting on Ukraine this weekend had asked the European Commission to put together new “massive” sanctions targeting Russia’s oil and financial sector if Russia failed to agree a ceasefire.
** Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions.
** Dutch and British wholesale prices for gas rose on Monday, boosted by the news that the U.S. had reached a deal with China to reduce tariffs. This has improved the outlook of the economy. The benchmark Dutch contract for the front month gained 1.17 euro to 35.87 Euros per Megawatt Hour (MWh), which is $11.68/mmBtu by 0828 GMT, and the contract for July was up 0.95 Euros at 35.45 EUR/MWh.
** The operator of the national gas transmission system reported that Ukraine increased its gas imports to approximately 15.5 million cubic meters (mcms) per day over the weekend and Monday, compared with 14.5 mcms per day the previous week. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase gas imports and withdraw more gas from storage this winter and in the spring.
** In a joint press release, Vietnam and Russia agreed to sign and negotiate agreements quickly on the construction of nuclear power plants in Vietnam. The statement was issued on Sunday, following a visit by To Lam to Moscow.
** European spot electricity prices, for delivery on Tuesday, rose on Monday as German wind power is expected to drop by almost half while demand is expected to rise.