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Home2024April

Month: April 2024

energy
Electrical Generation / Utilities

‘Panicked rush to gas’ could hike energy costs, report warns regulators

April 19, 2024 Mariel Alumit

The nation’s largest public power company, the Tennessee Valley Authority, which serves 10 million people in Tennessee and parts of six neighboring states, has put forward plans for eight new natural gas plants since 2020. In South […]

Climate Goals
Climate Crisis

The EV Bust in Europe Is a Red Flag for Region’s Climate Goals

April 19, 2024 Mariel Alumit

(Bloomberg) — Europe’s falling electric-vehicle sales are painful proof the market isn’t ready to stand on its own, putting governments on notice for more support until affordable EVs become a reality. The glut is clogging […]

LNG pause
Energy Policy

European industry groups warn of shuttered factories from Biden LNG pause

April 19, 2024 Mariel Alumit

Europe’s biggest gas groups are sounding the alarm over President Joe Biden’s pause on new liquefied natural gas exports, warning that the pause could dampen industrial activity, force factory closures, and erode trust between leaders in Brussels and Washington. […]

legal challenge
Electric Vehicles

Half of US states revolt against EPA crackdown on gas cars with major legal challenge

April 19, 2024 Mariel Alumit

FIRST ON FOX: A coalition of 25 state attorneys general filed a legal challenge Thursday against the Biden administration over recent environmental regulations targeting gas-powered car emissions and pushing electric vehicles (EVs). Led by Kentucky Attorney General Russell Coleman and […]

Shell
Earnings

Shell Australia returns $4 billion to global parent despite another hit on Prelude LNG project

April 19, 2024 Mariel Alumit

Shell has taken another hit on its floating Prelude LNG project in north-west WA as its Australian profits were savaged by nearly $2 billion of new writedowns last year. The oil and gas giant’s Australian […]

White House
Climate Crisis

White House Weighs Declaring Climate Emergency To Crack Down on Oil Industry

April 19, 2024 Mariel Alumit

The White House is weighing an unprecedented declaration of a national climate emergency to crack down on the oil industry and advance President Joe Biden’s climate policies, Bloomberg reported Wednesday. Declaring a national climate emergency would allow […]

Fallon
Energy Policy

Fallon: Biden Administration is Undermining America’s National Security and Energy Independence with LNG Export Pause

April 19, 2024 Mariel Alumit

WASHINGTON—Subcommittee on Economic Growth, Energy Policy, and Regulatory Affairs Chairman Pat Fallon (R-Texas.) today delivered opening remarks at a hearing titled “Oversight of the Biden Administration’s Pause on Liquified Natural Gas Exports.” Subcommittee Chairman Fallon outlined how […]

Biden’s
Crude Oil News

GOP state AGs sue to block Biden’s crackdown on gas cars: ‘Radical green agenda’

April 19, 2024 Mariel Alumit

Republican attorneys general from 25 states on Thursday sued the Environmental Protection Agency to block rules intended to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, arguing the agency exceeded its legal authority. […]

Oil
Crude Oil News

Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low

April 19, 2024 Mariel Alumit

Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, […]

Biden Administration
Crude Oil News

Biden Administration Restricts Oil Drilling and Mining in Alaska

April 19, 2024 Mariel Alumit

The U.S. Administration finalized on Friday a strategy to help protect federal lands, which includes restricting access to drilling and mining in a large part of the National Petroleum Reserve in Alaska (NPR-A). The Public Lands Rule […]

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