By Cody Good Governments often provide fossil fuel subsidies to, typically, make energy costs more affordable for consumers. These subsidies are of two types: explicit and implicit. Explicit subsidies are direct financial supports, such as tax breaks or price controls, that reduce the cost of fossil fuels to consumers or producers. Implicit subsidies, on the …
INFOGRAPHIC: What Are Fossil Fuel Subsides? – ENERGYminute Read More »
Bloomberg Since 2021, lithium prices have surged 10-fold, only to crash back to earth, wiping out billions of dollars in miners’ shares and forcing supply cuts. The ripple effects of this ride are only just beginning. The reversal of fortunes for the electric-vehicle battery metal has been nothing short of stunning. Its rapid ascent to a …
What Lithium’s Roller-Coaster Ride Means for Miners Read More »
Plan to give Trans Mountain stake to Indigenous groups stalled Oil companies object to tolls; analysts question valuation Justin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeline, a huge conduit that moves crude from the province of Alberta to the west coast. But the government faces …
Trudeau Faces Daunting Path to Sale of Canada’s $26 Billion Trans Mountain Pipeline Read More »
Almost all electric vehicle stocks that listed in the past five years are now trading lower Bloomberg News Gone are the days of starry stock market debuts that sent valuations of electric-vehicle makers soaring. Now, floating an EV stock is only for the brave. A torrent of bad news for the sector this week confirms how far …
(Reuters) – BP was purging its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery of hydrocarbons on Thursday after a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers, said people familiar with plant operations. It is not yet clear how long it will take BP to restart the …
Power Loss Forces BP to Shut Biggest U.S. Midwest Refinery Read More »
(Reuters) – Exxon Mobil Corp said in a court filing on Thursday activist investors were withdrawing a climate proposal the oil giant sought to block from being voted on during a shareholder meeting in May. Exxon filed a complaint in a Texas court earlier this month seeking to prevent activist investment firm Arjuna Capital and …
Exxon Says Investors to Withdraw Climate Proposal from Annual Shareholder Meeting Read More »
(Reuters) – Chevron Corp on Friday beat analysts’ earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares in the pre-trading market rose a fraction after the company beat analysts’ consensus forecast by 24 cents with adjusted earnings of $3.45 per share in …
Chevron Beats Q4 Estimates, But Annual Profits Fall Nearly 40% Read More »
(Reuters) – Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed Russia’s invasion of …
Exxon Beats Estimates, Ends 2023 With a $36 Billion Profit Read More »
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Fuel cell electric vehicles (FCEVs) are powered by combining hydrogen and oxygen to create electricity. The nascent technology could eventually compete with electric vehicles to replace the internal combustion engine. The science: A catalyst separates hydrogen into protons and electrons, which split …
Hydrogen Fuel Cells: The Future of Transportation? – ENERGYminute Read More »
A top U.S. Energy Department official will testify at Feb. 8 Senate Energy Committee hearing looking into President Joe Biden’s pause on new approvals for liquefied natural gas (LNG) exports, the Energy Department said on Thursday. Biden paused the approvals last week so his administration can look into the environmental and economic impacts of the …
U.S. Official to Testify at Senate Hearing Looking into Biden’s LNG Pause Read More »
