** 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 …
Category: EPA
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 …
Quick energy reads
** Thousands of autoworkers from foreign-owned non-union factories across the Southeast are seeking to organize their workplaces amid the electric vehicle (EV) manufacturing boom. Over the past two weeks, workers at an Indiana Honda plant, an Alabama Hyundai plant and a Tennessee Volkswagen plant complained to federal regulators that management had made illegal moves to prevent them from organizing. ** Oil …
ONE Gas and national gas group challenge Biden administration’s new furnace rules
The American Gas Association, whose members include ONE Gas in Oklahoma, is putting up a challenge to the Biden administration’s regulations against natural gas furnaces. The Association contends the rules will affect more than half of all U.S. households that rely on natural gas for home heating and that includes a lot of Oklahomans. …