Energy briefs DOE,COP30 ends, Rosneft

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** A DOE official says the federal government plans to buy and own as many as 10 large nuclear reactors, which it could pay for in part with $550 billion in promised investment from Japan.

** The Trump administration has ordered the J.H. Campbell coal-fired power plant in Michigan to stay open for the next 90 days, citing an energy ​emergency” that state utility regulators and regional grid operators say does not exist. It’s the latest move in the administration’s expanding agenda to force aging and costly coal plants to keep running.

** Michigan’s attorney general files a motion to halt the Energy Department’s order to keep the coal plant open, saying a new report shows the region has sufficient energy supplies this winter.

** An Ohio environmental group sues a state agency, claiming it used outdated and less protective rules to approve permits for two wells that store hydraulic fracturing waste.

**NextEra Energy is planning a 500 MW battery storage project along western Michigan that would make it the largest of its kind in the state.

** NextEra is also pursuing North Dakota’s first battery storage project that would store excess wind production and is under consideration by state regulators.

** The House Natural Resources Committee advances legislation that would bar a president from rescinding permits for energy projects.

** According to new data by the Energy Information Administration (EIA), gasoline inventories clocked in at 205.06 million barrels (mb) for the week ending 7th November, 8.2mb lower than the five-year average and the lowest level in 12 years.

World

** As COP30 ends, Brazilian officials running the climate conference prepare an agreement that ignores 82 nations’ demands to include a transition away from fossil fuels.

** Japanese local authorities approved the restart of the world’s biggest nuclear plant on Friday for the first time since the 2011 Fukushima disaster. Hideyo Hanazumi, governor of Niigata province where the Kashiwazaki-Kariwa plant is located, told a news conference he “would approve” the resumption, which will need final permission by Japan’s nuclear regulator.

** Russia’s largest oil producer just flashed a signal Moscow didn’t want to see: Rosneft is recommending its smallest interim dividend since the pandemic year of 2020. For a company that has spent the past two decades styling itself as a reliable cash machine for the Kremlin, a 11.56-ruble per share payout is not just stingy, it’s a symptom.

** Authorities in Trinidad and Tobago arrested 19 people after raiding an illegal quarrying site that had been stripping natural resources and bringing in over $1 million weekly, Trinidad and Tobago Express reported.

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