Major oil and gas companies, including ConocoPhillips, are being sued by Puerto Rico in a lawsuit that accuses the firms over the effects of climate change. The lawsuit seeks at least $1 billion and is the second such lawsuit by two dozen cities and counties in Puerto Rico over the past two years. …
Category: Oil & Gas
BlackRock Inc. reaches out for PR help in Texas where it’s banned from state agency business
Oklahoma isn’t the only state where BlackRock Inc. has been banned from doing business with state agencies because of its ESG policies that discriminate against the oil and gas industry. Texas did the same and now BlackRock Inc., considered the world’s largest asset manager with $10 trillion assets under management, is hiring some …
Energy briefs
** Sen. JD Vance (R-Ohio), who former President Trump named his vice presidential running mate Monday, is broadly aligned with the former president on climate and environmental issues, minimizing the threat of climate change and calling electric vehicles a “scam.” Political reported Vance has not gone as far as the former president, who has falsely …
Trump’s VP pick, Sen. J-D Vance agrees with his energy stances
Ohio U.S. Sen. J.D. Vance is former President Trump’s running mate—picked Monday just two days after Trump survived an assassination attempt in Pennsylvania. But what do we know about Vance and his stands on energy? Politico’s The Hill reported Vance, the Republican from Ohio, is closely aligned with Trump when it comes to climate …
Oklahoma energy stocks recorded gains on Monday while crude prices slipped
A slight drop in crude oil prices on Monday sent Oklahoma energy stocks up for the day with some firms recording 6% gains. What caused the small slide? Investors displayed their concerns about demand from top importer China. It was enough to offset U.S. economic news,OPEC+ supply restraint and ongoing Middle East tensions, reported Reuters. …
Dueling legal motions grow in ESG lawsuit
The filing in which Attorney General Gentner Drummond was accused of “manufacturing” statements in his defense of State Treasurer Todd Russ in a lawsuit stemming from the state’s anti-ESG Act was made available over the court’s filing system. It represents the growing number of motions that would make a case for “dueling” motions in …
June saw a drop in gross production tax revenue in Oklahoma
A recent federal bank survey that indicated a continue slump in oil and gas activity in June in Oklahoma and other nearby states was confirmed by a new report from the State Treasurer’s office. Treasurer Todd Russ reported Monday gross production tax revenues in June totaled $83.1 million, a decline of $4 million or …
Another OGE rate hike request will be heard by state regulators
Oklahoma Gas and Electric Company is asking for yet another rate hike on top of the 7% hike that took effect July 1 as the corporation commission is still deliberating final approval. The newest rate hike request would bump monthly bills by approximately $3.45 cents more as the utility complies with Corporation Commission rules …
Commissioner still contends “whitewash” is underway of 2021 winter storm bond scandal
With approximately six months remaining before he is term-limited at the end of his sixth term as Corporation Commissioner, Bob Anthony is not about to ease up on his criticism of his two fellow commissioners and the commission staff over the 2021 Winter Storm Bond deals for four utilities. He again displayed his belief …
Carbon pipeline fight heating up in Iowa
The fight against carbon dioxide pipelines in the state of Iowa is heating up as more groups plan to wage a battle against at least one approved such pipeline network. It could lead to a delay of months or a year or more for Summit Carbon Solutions, the company that wants to build …