Auto Added by WPeMatico
Bloomberg Prime Minister Mark Carney will consider altering environmental regulations to facilitate investment in major projects in Canada, including oil and gas pipelines. Carney’s plan involves using domestic oil and gas production to displace imports, increasing exports, and playing a major role in nuclear and hydroelectricity, and possibly carbon capture and storage technology. Carney declined …
By Kalea Hall DETROIT, May 13 (Reuters) – General Motors (GM.N) and battery partner LG Energy Solution (373220.KS) are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday. The cells will have a lithium manganese-rich (LMR) chemistry, which GM says …
GM, LG to Make New, Lower-Cost Cells for Future EVs Read More »
By Ari Natter House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives to develop clean-energy projects to help pay for President Donald Trump’s massive tax package. The incentives put in place by former President Joe Biden’s signature climate law have been ripe targets for lawmakers looking for trillions …
GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts Read More »
A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil …
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve Read More »
Governor Gavin Newsom’s latest outreach to the Golden State’s oil companies may be too late to arrest a steady decline in gasoline production. By Nathan Risser Californians are accustomed to paying the highest gasoline prices in the US. That trend likely will continue because of the state’s reliance on a dwindling fleet of oil refineries. …
California Drivers Are Paying Up as Refineries Disappear Read More »
By David Carnevali, Ryan Gould, and Dinesh Nair Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter. The private equity firm’s infrastructure arm, Blackstone Infrastructure Partners, has emerged as the likeliest buyer of TXNM after other suitors dropped out of …
Blackstone Is in Talks for New Mexico Utility Owner TXNM Read More »
Panasonic shares are up only five per cent since the start of the year, hurt by fears about EV sales and U.S. tariffs By Yuki Furukawa Panasonic Holdings Corp. is slashing headcount by 10,000, or more than 4 per cent, part of a push to cull non-growth operations and boost profitability. The supplier of lithium-ion …
Panasonic to Slash 10,000 Jobs in Shift to Data, Energy Storage Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May …
US Oil and Gas Rig Count Falls to Lowest Since January, Baker Hughes Says Read More »
The case for improving our industrial capacity with industrial freedom, not tariffs. By Alex Epstein It’s important to have nuanced conversations about tariffs. Recently I had the opportunity to share my view on Donald Trump Jr.’s podcast, Triggered, which is that there are real problems with our industrial capacity, but the solution is industrial freedom, freer …
(Reuters) – A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors. The court had set a of May 9 for Switzerland-based Nord Stream 2 to both restructure its debts and pay back small-scale creditors. The court had said …
Nord Stream 2 Agrees to Debt Restructuring Deal, Court Says Read More »
