Senator James Lankford joined all of the Republican members of the Senate Committee on Energy and Natural Resources to send a letter to President Biden calling on him to withdraw the nomination of Tracy Stone-Manning to serve as director of the US Department of the Interior’s Bureau of Land Management. Lankford was joined in …
** Limetree Bay Refining LLC filed for bankruptcy on Monday seeking creditor protection after the U.S. Environmental Protection Agency halted its operations earlier this year. The St. Croix, U.S. Virgin Islands-based refinery, said in a statement that it plans to use the court protection process in Houston to negotiate with creditors and equity holders and weigh …
At least 13 American Indian and Alaska Native communities received $12 million in funding this week from the U.S. Department of Energy to help them reduce energy costs and increase energy security. The selected projects will power their homes and communities, make their buildings more energy efficient, and install microgrids for essential services and resiliency – critical elements to reaching the Biden Administration’s goal of net-zero carbon emissions …
** U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share prices led to larger oilpatch deals. ** Dominion Energy Inc. and Berkshire Hathaway Energy, an affiliate of Berkshire Hathaway Inc. announced they have agreed to terminate the sale …
A report by an internal watchdog of the Environmental Protection Agency contends two high-ranking Trump political appointments engaged in fraudulent payroll activities, including payments to employees after they were fired and to one official when he was absent from work. The report by the EPA’s Office of Inspector General claims it cost the agency …
** U.S. Treasury Secretary Janet Yellen signaled she’ll prod multilateral development banks to rein in their lending for fossil fuels, part of a global effort to make the financial system greener. ** Colonial Pipeline Co. could face daily fines of up to $200,000 per violation if it fails to improve the way it detects leaks in …
** Oil prices rose on Monday, driven higher after the OPEC+ group of producers again called off talks on output levels, failing in its third attempt to resolve a deadlock on increasing production, and leaving the oil market facing tight summer supplies and rising prices, Reuters, Bloomberg and the Wall Street Journal reported. ** The …
Another significant blow against the ethanol industry was delivered Friday by a Federal appeals court which threw out a Trump-era Environmental Protection Agency rule change that allowed for the sale of a 15% ethanol gasoline blend in the summer months. The Associated Press reported most gasoline sold in the U.S. today is blended with …
** Honda announced Monday that it will introduce an electric SUV called the Prologue, marking the automaker’s first attempt to sell an EV in high volume as it pivots away from gasoline-powered cars. The launch is part of Honda’s recently announced plan to switch to all zero-emission vehicles in North America by 2040, including battery-electric cars and hydrogen …
** The infrastructure deal struck by a group of bipartisan senators and President Joe Biden on Thursday includes partial funding by a proposed $6 billion sale from the U.S. emergency oil reserve, according to a document circulated by Republican lawmakers. ** About 285,000 Tesla vehicles in China will have their Autopilot software updated remotely because drivers …
