** This week, Ford Motor Company reported that it lost $5.1 billion on its EV business in 2024. During the fourth quarter, it incurred $1.4 billion in operating losses on its EV segment. That was a slightly better result than the fourth quarter of 2023, when the company lost $1.6 billion on EVs. ** Arizona’s largest …
Category: Wind Energy
Enel to sell Oklahoma wind power to Meta
One of Oklahoma’s wind farm operators announced a major power purchase agreement this week with Meta. Enel North America said the power purchase agreement is for a 115-megawatt (MW) portion of the Rockhaven wind farm in Murray and Carter counties, Oklahoma. The agreement at the 140 MW Rockhaven wind farm is the third power purchase agreement …
Energy briefs
** A New Jersey judge dismisses a state lawsuit against oil companies, saying the claim that they deceived the public about the climate impacts of fossil fuels needs to be heard at the federal level. ** Marathon Petroleum, the largest US refiner and a major buyer of Canadian crude, sees ample opportunity to switch to domestic …
Scott Mitchell Talks Energy with Jerry Bohnen—a review of the Governor’s energy agenda
Scott Mitchell talks energy with Jerry Bohnen and the two take a closer look at the energy plan in Gov. Stitt’s ‘State of the State’ message and why gas prices are headed up, courtesy OklahomaMemo.com.
Energy briefs
** President Trump wants to increase drilling to lower oil prices, but producers are hesitant. Sources told The Wall Street Journal that White House advisers recognize this and don’t expect the US shale industry to increase output. Corporate leaders have hinted as much in recent earnings commentary, cautioning not to expect a major drilling ramp-up. ** President Donald …
Group wants Governor to put moratorium on green energy in the state
A northern Oklahoma landowners group is calling on Oklahoma Gov. Kevin Stitt to adopt an immediate emergency moratorium on green energy projects in the state. In a letter to the governor, leaders of the Garfield County Conservation Coalition questioned why he is “contrary to President Trump’s stance on so called “green energy.” They openly …
USDA makes $1.4 billion investment in south Texas power plant
A South Texas electric cooperative received more than $1 billion from the USDA to switch its electrical power production to battery and solar energy. The San Miguel Electric Cooperative received $1.4 billion investment to power 47 counties using renewable energy. The Agriculture Department said the wind and solar power production will have the environmental …
Energy briefs
** President Donald Trump on Monday indicated that he wants to reach an agreement with Ukraine to gain access to the country’s rare earth materials as a condition for continuing U.S. support for its war against Russia. ** Colombian energy company Ecopetrol is renewing its oil joint venture with U.S. firm Occidental Petroleum in the Permian …
Energy briefs
** The ongoing conflict between oil giant Exxon and environmental groups has escalated amid a new lawsuit against California’s attorney general. Exxon Mobil has sued Attorney General Rob Bonta as well as environmental groups, including the Sierra Club, for allegedly conspiring to defame and hinder the company’s business, per reports by the New York Times. ** Crescent …
State legislators return to the capitol
The start of the new session of the 60th Oklahoma legislature promises to build excitement at the State Capitol on Monday. And maybe a little skepticism. More than 40 years ago, legislators were piqued about a poster that hung in the former broadcast press room of the capitol, featuring brightly colored clowns and highlighted …