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Home2023September

Month: September 2023

Price
EIA News

Kuwait’s oil exports shift from crude oil to petroleum products

September 26, 2023 Mariel Alumit

September 26, 2023 Data source: Kpler tanker tracking data (accessed August 2023) Kuwait‘s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data in […]

net zero
Critical Minerals

US won’t reach net zero emissions without transmission buildout: DNV

September 26, 2023 Mariel Alumit

Dive Brief: A cumulative $12 trillion will be spent on clean energy in North America by 2050, but neither the U.S. or Canada are on track to meet their 2050 net zero emissions targets, says […]

Stellantis
Critical Minerals

Stellantis Invests $100M+ in CTR’s Geothermal Lithium Project in California

September 26, 2023 Mariel Alumit

Stellantis has invested over $100 million to support the development of Controlled Thermal Resources Holdings’ (CTR) Hell’s Kitchen project in Imperial County, California, a geothermal lithium project with a total resource capacity to produce up […]

Oil
Big Oil Companies

How The Transition Push Contributed To Higher Oil Prices

September 26, 2023 Mariel Alumit

Anti-fossil fuel policies in the U.S. and Europe have led to lower investment in new projects. ExxonMobil CEO Woods: If we don’t maintain some level of investment in the industry, you end up running short […]

Ford
International News

Ford halts work on $3.5 billion EV battery plant in Michigan

September 26, 2023 Mariel Alumit

Ford Motor Co. said it has stopped construction of its $3.5 billion electric vehicle battery plant in Marshall. “We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our […]

Russia
Electrical Generation / Utilities

Russia and China Dominating the Race for Nuclear Electricity Generation

September 26, 2023 Mariel Alumit

As the USA and many world leaders continue the pursuit of “unreliable electricity”, from wind turbines and solar panels, that can only generate intermittent electricity at best from available breezes and sunshine, Russia, China, France, […]

ESG

Toymaker Lego Abandons Oil-Free “Breakthrough” Brick As ESG Push Derails

September 26, 2023 Mariel Alumit

‘Woke’ toymaker Lego has discontinued its sustainability effort to manufacture bricks made from recycled plastic. This decision came after discovering recycled plastic was actually contributing to higher carbon emissions, the Financial Times reported on Sunday. […]

Big Oil Companies

Daily Energy Standup Episode #216 – Balancing Climate Goals, Renewable Challenges, and Environmental Impact

September 26, 2023 Andy Del Prado

Daily Standup Top Stories DAVID BLACKMON: Britain’s Prime Minister Places Himself At The Tip Of The Climate Spear September 25, 2023 Mariel Alumit After months of willingly going along with the unrealistic climate change targets set […]

Bankruptcy

A US gov’t shutdown could negatively affect its credit, Moody’s warns

September 25, 2023 Mariel Alumit

A US government shutdown would negatively affect the country’s credit, credit rating agency Moody’s has warned, one month after Fitch downgraded the United States by one notch on the back of a debt ceiling crisis. […]

growth
Energy Transition

Idea of green growth losing traction among climate policy researchers, survey of nearly 800 academics reveals

September 25, 2023 Mariel Alumit

When she took to the floor to give her State of the Union speech on 13 September, European Commission president Ursula von der Leyen largely stood by the script. Describing her vision of an economically buoyant and […]

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