** Former U.S. senator and secretary of state John Kerry will leave his post as President Joe Biden‘s special climate envoy after three years but will help Biden’s re-election campaign, two administration sources said on Saturday. ** The Biden administration unveiled a new regulatory proposal Friday that would introduce a new tax on the fossil fuel industry, punishing producers that …
Category: EPA
Energy quick reads
** Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. ** Hawaii shut down its last coal plant on September 1, 2022, eliminating 180 megawatts of fossil-fueled baseload power from the …
Energy quick reads
** The American oil industry is on high alert for an escalation of the violence in the Middle East that disrupts the flow of oil out of the region. Mike Sommers, CEO of the American Petroleum Institute, worries there is a growing chance the crisis will intensify and derail oil supplies. ** A low-carbon $1 billion ammonia …
Energy quick reads
** The Supreme Court declined to weigh in on a climate change case the state of Minnesota is pursuing against ExxonMobil, the American Petroleum Institute trade group and other fossil fuel groups. ** The Supreme Court won’t take up a case seeking revive a proposed gold and copper mine that was blocked by the Environmental Protection …
Oklahoma schools receive $24 million in EPA grants to acquire electric buses
Seventeen Oklahoma school districts in Oklahoma were among dozens nationwide that received part of more than $1 billion from the U.S. Environmental Protection Agency to replace old fossil fuel powered buses and replace them with electric school buses. Oklahoma schools received more than $24 million in funding to acquire 61 electric buses as part …
Energy quick reads
** Exxon Mobil Corp. warned investors of a $2.5 billion write down of the value of some California operations. ** The U.S. environmental regulatory agency will hold a hearing this week on whether to approve California’s plan to require all new vehicles sold in the state by 2035 to be electric or plug-in electric hybrids. …
Energy quick reads
** The Biden administration approved Louisiana’s bid to take the lead role in vetting and overseeing carbon dioxide storage wells in the state, a blow to environmentalists and some local residents who battled the plan. ** NextEra Energy Partners, LP NEP completed the previously announced sale of its Texas natural gas pipeline portfolio for $1.815 billion …
Energy quick reads
** ConocoPhillips COP has been granted financial approval for its Willow oil and gas drilling project in Alaska, with a budget of $8 billion. Following the approval, the company has initiated winter construction. Residents of Alaska are now experiencing the positive outcomes of responsible energy development. ** Samsung Electronics Co. has delayed mass production plans at its new …
House members concrned about EPA Greenhouse Reduction fund spending
US House Science, Space, and Technology leaders raised concerns with the Environmental Protection Agency’s implementation of the Greenhouse Gas Reduction Fund (GGRF). Environment Subcommittee Chairman Max Miller and Investigations and Oversight Committee Chairman Jay Obernolte wrote a letter to EPA Administrator Michael Regan about potential unfair advantages granted in GGRF awards. The GGRF was intended to …
Quick energy reads
** The West Texas Intermediate (WTI) crude oil price is once again nearing the $75 per barrel threshold and is expected to stay robust into the coming year. Specifically, the U.S. Energy Information Administration (“EIA”) anticipates a WTI oil price of $78.07 per barrel in 2024, slightly surpassing its projected figure of $77.63 for the …