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HomeEnergyNews

EnergyNews

Big Oil Companies

White House Kicks Around Big Oil Stock Buybacks Again as Chevron Profits Double – Windfal Profits Taxes Will Cost Consumers

January 29, 2023 Mariel Alumit

WASHINGTON, Jan 27 (Reuters) – The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders instead of boosting supply, after Chevron Corp (CVX.N) said […]

Exxon
Big Oil Companies

Exxon Sets $540 Million Cost for Canada Renewable-Diesel Project

January 29, 2023 Mariel Alumit

​Exxon Mobil Corp. has set the cost of its planned Canadian renewable-diesel facility at C$720 million ($540 million) and said much of the fuel will be shipped to British Columbia to support the province’s emissions-reduction […]

Big Oil Companies

Chevron Falls After Posting Disappointing Quarterly Result

January 29, 2023 Mariel Alumit

Chevron Corp. posted disappointing fourth-quarter results, just days after surprising investors with a mammoth $75 billion share-buyback program, as the oil giat disclosed a surprise jump in corporate costs.Profit excluding one-time items was $4.09 a […]

Electric Vehicles

What’s a Car and What’s a SUV? – Pricey SUVs Emerge as Hot Point in Debate Over EV Tax Credits

January 29, 2023 Mariel Alumit

​General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric-vehicle tax credits under President […]

Biden
Big Oil Companies

Biden Faces Climate Litmus Test on ConocoPhillips’s Alaska Oil Project

January 29, 2023 Mariel Alumit

US President Joe Biden is nearing a critical decision on a massive proposed oil project in northwest Alaska that could unlock 600 million barrels of crude and has drawn the ire of environmentalists who have […]

U.S
EnergyNews

U.S. drillers leave oil and gas rigs unchanged – Baker Hughes

January 29, 2023 Mariel Alumit

​ Jan 27 (Reuters) – U.S. energy firms this week kept oil and natural gas rigs steady, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas […]

US
Climate Crisis

Europe Needs a Climate Tech Plan to Compete With the US or Europe is Doomed, an Early Tesla Investor Says

January 29, 2023 Mariel Alumit

​Like many clean tech investors, Ion Yadigaroglu is incredibly pleased with the US climate bill passed last year. He’s also convinced that Europe, unless it marshals a similar response, is doomed.Yadigaroglu, a partner and co-founder […]

Minnesota
EnergyNews

Gas utility’s Minnesota hydrogen pilot ‘good news’ so far, but questions remain

January 27, 2023 Mariel Alumit

​A Minnesota gas utility says it is successfully blending “green” hydrogen into its natural gas pipeline system in one of the first such tests in the country. Since last spring, CenterPoint Energy customers near downtown […]

vehicle
EnergyNews

Commentary: The clean vehicle moment has arrived. State policies must harness the momentum

January 27, 2023 Mariel Alumit

​The following commentary was written by Dave Robba and Sarah Sachs. Dave Robba is a manager on the Ceres state policy team, leading the organization’s work around multi-state transportation policies. Sarah Sachs is a senior […]

Oil
EnergyNews

Oil Edges Higher as China Demand and US Dollar Take Center Stage

January 27, 2023 Mariel Alumit

Oil advanced as investors weighed the outlook for Chinese demand, while a weaker dollar made some commodities more attractive for buyers.West Texas Intermediate traded near $81 a barrel, after settling little changed on Wednesday. The […]

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