** Washington, D.C. spent $200 million on a two-mile light rail route in downtown DC and now they’re tearing it up. After less than a decade of operation, the D.C. Streetcar is set to be phased out and replaced by an electric bus that Mayor Muriel E. Bowser (D) called a “next generation streetcar” when she announced the change.
** EOG Resources will buy Encino Acquisition Partners from Canada Pension Plan Investment Board (CPP) and Encino Energy, a top producer in Ohio Utica Shale, for $5.6 billion.
** A California judge orders Sable Offshore Corp. to cease work to restart a pipeline network shuttered after a 2015 oil spill until it obtains proper state permits.
** Republican Nevada lawmakers introduce legislation aimed at reducing the state’s dependence on California’s shrinking refinery network, claiming it would keep gasoline prices in check.
** A new state law aimed at expanding gas and nuclear power plants in Ohio may also provide opportunities for solar developers — if they can overcome other policy and political barriers. Solar industry advocates say House Bill 15, signed by Republican Gov. Mike DeWine in mid-May, contains several technology-neutral provisions that could benefit clean energy projects, including property tax breaks for siting them on brownfields and former coal mines.
** The Trump administration reverses plans to terminate leases for 34 Mine Safety and Health Administration offices that were targeted for closure by the Department of Government Efficiency, including seven in Kentucky alone.
** The U.S. Energy Department cancels most of its $3 billion partial loan guarantee with troubled Houston-based rooftop solar company Sunnova Energy, essentially killing the company’s program to make solar adoption more affordable.
** Washington state’s attorney general appeals a court ruling rescinding an initiative banning local governments from restricting natural gas hookups and appliance sales.
World
** The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels per day for July as it looks to wrestle back market share and punish over-producers.
** A Russian oil company said it had awarded a total of 15 million rubles (around $195,000) to Russian soldiers who it credited with downing the first US-made F-16 fighter jet in Ukraine. In a press release, Fores, a fracking parts manufacturer, said it had presented 12 servicemen with the cash at a ceremony near the Russia-Ukraine border on Thursday.
** Massive wildfires burning out of control in western and central Canada are forcing thousands to flee as dire forecasts for the country’s fire season come to fruition. The intensifying blazes are also beginning to send hazardous smoke toward major cities in the United States.
** Oil giant BP has ceased a project to produce “clean jet fuel” at its Castellon refinery in Spain. The move signals a broader concern and shift in the company’s approach to cleaner energy initiatives. BP’s decision raises questions about the commitment of major energy corporations to transitioning away from polluting, dirty energy sources.
** Japanese startup KG Motors is building a stylish, single-seat electric car for just $7,000, and has pre-sold 3,300 that it plans to deliver to customers by March 2027. That’s more than the 2,000 EVs Toyota sold across Japan in all of 2024, according to Bloomberg.
**Mexican authorities said they seized more than 3 million liters (792,516 gallons) of illegally stored fuel at a property in the country’s southeast state of Tabasco, the latest in a string of major fuel-related seizures across the country.