** A trade group representing some of America’s biggest baked goods companies is urging the Biden administration to ratchet back its biofuel ambitions, arguing that using fuel made from crops could raise the cost of donuts, bread and other foods. ** Exxon Mobil Corporation’s investors are due to receive a payment of US$0.87 per share on 10th of …
Category: EPA
Energy news in brief
** Xcel Energy Inc. (reported 2021 second quarter GAAP and ongoing earnings of $311 million, or $0.58 per share, compared with $287 million, or $0.54 per share in the same period in 2020. ** The ALLETE, Inc. board of directors has declared a quarterly dividend of 63 cents per share of common stock. On an annual basis, the …
Energy news in brief
** Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, announced today that it has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller. The transaction is expected to close on September 30. ** The …
Energy news in brief
** In a major step against climate change, President Joe Biden is proposing a return to aggressive Obama-era vehicle mileage standards over five years. He’s then aiming for even tougher anti-pollution rules after that to forcefully reduce greenhouse gas emissions and nudge 40% of U.S. drivers into electric vehicles by decade’s end. ** A lawsuit led by …
Energy news in brief
** Iraq wants another U.S. company to replace Exxon as a shareholder in the West Qurna 1 field, one of the country’s largest after the supermajor leaves the country. ** Nearly 140 Democratic U.S lawmakers on Tuesday urged the U.S. Environmental Protection Agency (EPA) to quickly reinstate California’s right to set regulations for vehicle emissions, which was …
EPA raids on car shops fuel congressman’s bill
The efforts of North Carolina Republican Rep. Patrick McHenry to target the EPA and its raids on car shops not only have the support of Oklahoma Sen. James Lankford, but are drawing more attention in the media. McHenry’s bill to make emissions-related changes to a street vehicle in order to convert it into a …
Energy news in brief
** Over 100 House Democrats are insisting infrastructure legislation includes enough money to remove all lead pipes in the country. ** The Energy Department plans to push state and local governments to adopt energy efficiency building codes that could dramatically slash greenhouse gas emissions, Secretary Jennifer Granholm announced. ** Solar manufacturers are pressing Biden in a new letter to support inclusion …
New Mexico seeking project ideas to restore resources harmed by 2015 Gold King Mine disaster
After receiving a $1 million settlement with the defendants over the disastrous 2015 Gold King Mine release that began in southern Colorado, the state of New Mexico wants public ideas for restoration projects. Contaminated mine water flooded the Animas and San Juan Rivers and led to pollution in New Mexico. The defendants were Sunnyside …
Energy news in brief
** The U.S. Energy Information Administration reported more petroleum and natural gas was produced in the United States than in any other country during 2020 (a trend that began in 2014), despite year-on-year declines from the record-high production in 2019. U.S. petroleum and natural gas output in 2020 totaled 66.9 quadrillion British thermal units (quads), …
Energy news in brief
** No sooner had OPEC + announced output hikes on Sunday for August, crude prices saw their worst plunge since June, falling some 6% at the time of writing at New York’s midday trade Monday. ** Gas created during wastewater treatment is now making a regional utility in Des Moines an estimated $5 million a …