** Shell USA Inc. agreed on July 25 to acquire Shell Midstream Partners LP in a buyout transaction worth nearly $2 billion. The transaction marks the latest MLP roll-up in the midstream space largely seen as being driven by the elimination of incentive distribution rights. ** The Biden administration on Monday outlined plans to plant 1 billion trees …
Category: EPA
Other headlines
** Former Vice President Al Gore said Sunday that now is the time to act on climate change as the U.S. experiences record heat and wildfires rage across Europe. Gore said global warming pollution is trapping the heat equivalent of 600,000 Hiroshima-class atomic bombs. ** The U.S. still remains ‘a ways away’ from reaching an international agreement to impose a price …
Senators fight to block social cost of carbon used by feds
Oklahoma U.S. Sens. James Lankford and Jim Inhofe led a handful of other senators in filing a bill to fight the Biden administration from using the social cost of carbon in any rulemaking process. A dozen other Republican Senators joined them in the introduction of the Transparency and Honesty in Energy Regulations Act which would prohibit …
Headlines of other stories
** TotalEnergies says it will cut gasoline prices by 10% in a move it says is an alternative to a windfall tax. ** The first of 100,000 delivery EVs can now be seen in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, St. Louis and other cities. ** Top Western energy companies are expected to unleash …
Environmental Justice caucus formed in OKC
Oklahoma City prepares to sponsor a newly-formed Environmental Justice Caucus. The city announced that those interested in environmental justice can register to attend a free caucus at 5 p.m. Aug. 15 at the Oklahoma City Convention Center. In the announcement, the city explained the locally-driven discussion will allow people to share ideas, build relationships and communicate …
OKC gets nearly $4 million government money for hazardous waste cleanup
The City of Oklahoma City’s Planning Department was awarded a $3.9 million grant from the EPA to help cleanup buildings and sites contaminated by petroleum, hazardous waste and asbestos. The grant is a part of the City’s Brownfields Revolving Loan Fund (RLF) program. A few OKC properties that have benefited from Brownfields funding include the First National …
Briefs of other stories
** The U.S. government reported a modest weekly fall in domestic crude supplies, but said gasoline inventories climbed by more than three million barrels on the back of a decline in implied demand for the fuel. ** EVs are about to get more expensive. Toyota has sold too many electric and hybrid vehicles to qualify for …
Other headlines
** The United States wants to end its “undue dependence” on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S. Treasury Secretary Janet Yellen said. ** President Joe Biden on Friday blocked a freight railroad strike for at least 60 days …
Other energy headlines
** Berkshire Hathaway Inc, run by billionaire Warren Buffett, said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp, giving it a 19.2% stake in the oil company. ** Partisan debate erupts over the Biden administration’s draft offshore drilling plan, with Senate Democrats saying it doesn’t do enough to fight climate change and Republicans arguing …
Energy news in brief around the US and world
** Democratic lawmakers on Tuesday asked U.S. customs officials to explain why three major Chinese solar energy companies were excluded from a list of importers whose products are banned under a new law aimed at cracking down on forced labor. ** White House sources say the Biden administration is opening the door to approving major fossil fuel projects — …