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Chevron to Pay over $13 Million in Settlement for California Oil Spills

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Reuters Reuters – Chevron  will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has already paid for the cleanup costs for its oil spills in 2019, will …

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U.S. Permit Reviews, Red Tape Provoke Energy Conference Debates

Conventional Energy, Latest, Natural Gas, Oil, US News / By

U.S. energy permitting delays and the need for streamlined new project reviews dominated conversations among oil and gas executives and lawmakers in meeting rooms and hallways at the CERAWeek energy conference this week. The fossil fuel industry historically has objected to red tape that slows or raises development costs. But the topic has moved higher …

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The Struggling Battery Factory Behind GM’s Electric Vehicle Broblems

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

GM’s EV transition has been fraught with delays, including automation issues and software glitches Bloomberg News General Motors Co. is racing to fix problems in its electric vehicle business to make good on promises chief executive Mary Barra made five years ago. It still has a long way to go. Fresh off exiting major markets like Europe …

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U.S. Senator Joe Manchin Vows Infrastructure Permitting Reform Will Pass

Emission Reduction, Energy Topics & Technology, Latest, US News / By

(Reuters) – U.S. Senator Joe Manchin on Monday told energy executives that legislation reforming infrastructure permitting “will get done.” The legislation is his senate energy committee’s top issue, he said to a packed audience at the CERAWeek energy conference. “We are doing everything we can” to get permitting reform passed, said Manchin, who also spoke …

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BlackRock Ditched by Texas Fund Shows Limits of Fink Persuasion

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Texas Permanent School Fund to pull $8.5 billion from firm Law restricts business with companies deemed oil boycotters It was just weeks ago when BlackRock Inc. Chief Executive Officer Larry Fink took the stage with Texas Lieutenant Governor Dan Patrick at an industry event in Houston. The chummy meeting between the Republican politician and the head of the investment behemoth — Patrick praised …

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Nuclear Fusion Backers Meet in U.S. Capital as Competition with China Looms

Energy Topics & Technology, EnergyNow News and Press Releases, Latest, Nuclear Fission, US News / By

(Reuters) – Leaders in the emerging Western nuclear fusion industry are convening in Washington, D.C. this week seeking ways to attract more money for research to avoid falling far behind China in the race to develop and build commercially viable reactors. A funding bill signed by President Joe Biden this month contained $790 million for …

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Williams Companies Ruled Out Bid for Tellurian, Executive Says

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pipelines, US News / By

HOUSTON, March 19 (Reuters) – Pipeline operator Williams Companies  looked at acquiring struggling liquefied natural gas (LNG) developer Tellurian, but considered its export project not that attractive, the company’s strategy chief said on Tuesday. Tellurian said this week it would consider offers for its proposed Driftwood LNG gas export terminal after unsuccessfully pursuing long-term sales and purchase agreements …

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U.S. Solar Factories Need More Government Support to Succeed, Report Says

Latest, Renewable Energy, Solar, Tri-Pinned, US News / By

(Reuters) – U.S. efforts to build a domestic supply chain for solar energy components is stalled and will require urgent government action to support the factories needed to compete with China, according to a report published on Wednesday. The analysis by Guidehouse Insights, commissioned by the Solar Energy Manufacturers for America Coalition, said existing federal …

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Oil Retreats From Multi-Month Highs Ahead of Fed Decision

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Crude falls from multi-month highs Investors await U.S. Federal Reserve interest rate announcement U.S. crude, gasoline stocks fell last week – API LONDON, March 20 (Reuters) – Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later …

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EQT CEO Warns Lack of Gas Storage Will Trigger Price Gyrations

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, US News / By

Toby Rice says prices could eventually swing as high as $8 ‘This is the world we live in unless we get serious,’ he said The chief of the largest US producer of natural gas has warned that a lack of pipelines and storage facilities will trigger dramatic price swings in the years ahead, causing them …

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