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EPA Proposes Giving Texas Authority to Oversee CO2 Injection Permits

The U.S. Environmental Protection Agency on Monday proposed approving Texas’ application to oversee its own permitting for projects to inject carbon dioxide underground, a move long sought by that state’s regulators and oil and gas companies with projects in the wings. EPA Administrator Lee Zeldin said Texas is best positioned to protect its drinking water …

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NJ Wind Project That Trump Dubbed a Disaster Is Canceled

By Josh Saul The developer of a New Jersey offshore wind farm designed to power more than 700,000 homes has pulled the plug on the project, the latest setback for a sector whose prospects have worsened under the Trump administration. “This filing marks the closing of a chapter,” Atlantic Shores Offshore Wind Chief Executive Officer …

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Oil Rises on Optimism About US-China Talks Easing Trade Tensions

Summary Brent, WTI extend gains from previous day U.S. and China head into second day of talks in London Saudi Arabia’s crude exports to China set to inch down (Reuters) – Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China trade talks and as Saudi Arabia’s crude supply to China is set …

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US Sees Oil Output Falling in 2026 in Blow to Trump’s Agenda

By Mia Gindis and David Wethe The US sees domestic crude production declining next year for the first time since 2021 in a blow to US President Donald Trump’s push for American energy dominance. Output is now expected to slip to 13.37 million barrels a day in 2026 from about 13.42 million barrels a day …

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US Senate Should Ease Provisions For Clean-Energy Tax Credits, Republican Senator Says

WASHINGTON, June 10 (Reuters) – The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, Republican Senator John Curtis of Utah said on Tuesday. Curtis, one of a handful of Senate Republicans who have said they want to preserve some of the clean-energy …

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Tesla Hit With Pair of Downgrades Amid Fallout From Trump Feud

Shares are down about 27 per cent in 2025, making it the weakest performer of the so-called Magnificent Seven stocks Bloomberg News Tesla Inc. received a pair of downgrades on Monday, with analysts warning that Elon Musk’s electric-vehicle company is facing a highly uncertain outlook, especially on the political front. The stock fell 1.1 per cent in …

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