** Chevron Corporation (NYSE: CVX) announced that it has completed its acquisition of Hess Corporation (NYSE: HES) following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset.
** The US energy industry’s long nuclear winter may finally be giving way to spring. None other than Westinghouse, the firm responsible for the only two nuclear reactors built in the US in the past three decades, is among those leading the charge. The company has announced plans to begin construction on 10 reactors in the US by 2030. Hopefully, Westinghouse has learned some lessons from its previous projects.
** Louisiana officially canceled a $3 billion coastal restoration funded by the Deepwater Horizon oil spill settlement money, state and federal agencies confirmed. The Mid-Barataria Sediment Diversion Project had been intended to rebuild upward of 20 square miles (32 kilometers) of land in southeast Louisiana to combat sea level rise and erosion on the Gulf Coast.
** Uber is to start rolling out self-driving taxis next year after striking a deal to take a $300m (£224m) stake in a US electric vehicle maker. The ride-sharing giant has agreed to buy 20,000 vehicles from Lucid Group to operate as a fleet of robotaxis.
** A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency web site.
** North Carolina Gov. Josh Stein vetoed a controversial bill that would have eliminated the state’s clean-energy goals for its primary power company. It would have ended a requirement that Duke Energy, the state’s largest energy provider, would need to slash carbon pollution by 70% from its 2005 levels by 2030. The bill would have maintained a zero-emissions goal by 2050.
World
** India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, Oil Minister Hardeep Singh Puri. India should be able to deal with any problems with Russian imports by seeking supplies from other countries, Puri said.
** China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race.
