** The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp’s record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. ** The Bureau of Land Management announced plans to lease nearly 21,000 acres of national public land in Montana …
Category: EPA
Headlines
** Exxon Mobil Corp. reported $56 billion in profit for 2022, smashing a company record set in 2008 when the company reported net earnings of $45.2 billion. For the fourth quarter of 2022, the oil major reported a profit of $14 billion excluding charges. ** Political debate grows over the dead whales washing ashore in …
Energy headlines
** The five biggest oil majors in the world are expected to report record profits for 2022 in the coming days, for around $200 billion in combined yearly earnings thanks to the jump in oil and gas prices last year. ** Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale …
Headlines of other stories
** The Biden administration announced that it would complete a 20-year withdrawal of 225,504 acres in a northern Minnesota forest area that is home to some of the largest domestic critical mineral reserves. ** U.S. natural gas futures dropped 4% to a 20-month low despite a big weekly storage draw, as forecasts called for milder …
Headlines of other energy stories
** The Energy Information Administration at the U.S. Department of Energy believes the price of petroleum products (crude oil, gasoline and diesel) will decline 5% to 10% this year from its previous predictions. EIA’s forecast crude oil will average $77 per barrel in 2023, which is $11 less than its previous prediction of $86. ** U.S. natural gas futures …
Energy story headlines
** US climate envoy John Kerry bluntly summed up in one word what the planet needs to avoid a global warming catastrophe at the World Economic Forum this week: money. ** One of the country’s first offshore wind projects comes to life off the coast of Massachusetts where the wind will be used as an emissions-free …
Headlines of other energy stories
** Vice President Kamala Harris and two cabinet secretaries on Thursday celebrated the start of construction of a new high-capacity power transmission line between Arizona and California, which they hope will lead to future solar energy farms in the desert outside Phoenix. ** The federal Bureau of Land Management cites the developer of the proposed …
Federal judge rules 18 years later on Oklahoma poultry pollution lawsuit
Eighteen years. That’s how long it took for a Tulsa federal judge to decide a lawsuit brought by former Oklahoma Attorney General Drew Edmondson against the poultry industry in a fight over pollution of the Illinois River in eastern Oklahoma. U.S District Judge Gregory Frizzell ruled this week in favor of the state’s lawsuit …
Energy headlines
** Freeport LNG’s long-shut liquefied natural gas (LNG) export plant in Texas started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data. ** Routine groundwater monitoring ended a decade ago in New York City, but federal officials want to resume observations as rising sea levels and …
Headlines of other stories
** The parent of Liberty Utilities still plans to pursue its Kentucky Power acquisition but also is cutting its dividend 40%. ** More than 140 people have filed complaints against a Tennessee solar company that’s now under investigation in three states. ** Texas natural gas generators did better during last month’s cold snap than in the …