Major oil and gas companies, including ConocoPhillips, are being sued by Puerto Rico in a lawsuit that accuses the firms over the effects of climate change. The lawsuit seeks at least $1 billion and is the second such lawsuit by two dozen cities and counties in Puerto Rico over the past two years. …
The man who proposed ROFR becomes head of the state senate
Sen. Lonnie Paxton, chosen this week to be the next Senate Pro Tem succeeding Oklahoma City Sen. Greg Treat, is a name known in certain energy circles in Oklahoma. He was at the center of efforts last year and this year to consider a Right of First Refusal bill in the legislature. The Senator …
BlackRock Inc. reaches out for PR help in Texas where it’s banned from state agency business
Oklahoma isn’t the only state where BlackRock Inc. has been banned from doing business with state agencies because of its ESG policies that discriminate against the oil and gas industry. Texas did the same and now BlackRock Inc., considered the world’s largest asset manager with $10 trillion assets under management, is hiring some …
Houston restaurants sue CenterPoint Energy over Hurricane power restoration
Fed up with the lack of electricity following Hurricane Beryl, some Houston restaurants have banded together to file suit against CenterPoint Energy. The company is currently being assisted by 105 line workers from Oklahoma Gas and Electric in restoring power to the Houston area, but a few hundred thousand are still without electricity. …
Energy briefs
** Sen. JD Vance (R-Ohio), who former President Trump named his vice presidential running mate Monday, is broadly aligned with the former president on climate and environmental issues, minimizing the threat of climate change and calling electric vehicles a “scam.” Political reported Vance has not gone as far as the former president, who has falsely …
Another electric bill hike coming? Find out on Mitchell talks energy with Jerry Bohnen
Yet another electric rate increase? Yes—-and it’s a topic of discussion on Scott Mitchell Talks Energy with Jerry Bohnen. Plus an allegation of a “whitewash” regarding the 2021 winter storm investigation and the plaintiff’s lawyer in the ESG case fires back at the AG.
Trump’s VP pick, Sen. J-D Vance agrees with his energy stances
Ohio U.S. Sen. J.D. Vance is former President Trump’s running mate—picked Monday just two days after Trump survived an assassination attempt in Pennsylvania. But what do we know about Vance and his stands on energy? Politico’s The Hill reported Vance, the Republican from Ohio, is closely aligned with Trump when it comes to climate …
OGE line workers contribute more power restoration in Houston
Oklahoma Gas and Electric company reports its 105 line workers helping bring power back to Houston residents hit hard by Hurricane Beryl manage to restore about 1,500-customers a day. An update from the company stated that thousands have seen restoration of electric power, thanks to the utility offering CenterPoint Energy which at one point …
Oklahoma energy stocks recorded gains on Monday while crude prices slipped
A slight drop in crude oil prices on Monday sent Oklahoma energy stocks up for the day with some firms recording 6% gains. What caused the small slide? Investors displayed their concerns about demand from top importer China. It was enough to offset U.S. economic news,OPEC+ supply restraint and ongoing Middle East tensions, reported Reuters. …
Dueling legal motions grow in ESG lawsuit
The filing in which Attorney General Gentner Drummond was accused of “manufacturing” statements in his defense of State Treasurer Todd Russ in a lawsuit stemming from the state’s anti-ESG Act was made available over the court’s filing system. It represents the growing number of motions that would make a case for “dueling” motions in …