Energy
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Oil markets respond with lower prices as Trump promises 'permanently' toll-free Strait of Hormuz
During the conflict, prices reached highs of over $100 per barrel in mid-May and have been mostly falling ever since. Over the weekend, they fell over $3 per barrel on news of a possible peace deal.
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Biden anti-fossil fuel Interior secretary runs to become governor of No. 2 oil-producing state
Deb Haaland easily won the Democratic gubernatorial primary in New Mexico, and she could win the general election. Throughout her career, Haaland has been a staunch opponent of oil and gas production, yet the Land of Enchantment is the second largest producer of oil and gas in the U.S.
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America's first floating LNG export facility reaches milestone to begin construction
The project will be located in federal waters about 47 miles off the coast of Louisiana. It expects to begin production in 2030, which will add 4.4 million metric tons per year to the United States' LNG export capacity.
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Consumers Energy looks to raise prices, advocacy groups concerned
Consumers Energy, which provides natural gas and electricity to 6.8 million of Michigan’s 10 million consumers in the lower peninsula, filed paperwork with the Michigan Public Service Commission in December requesting rate increases.
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Democrats again push to stop taxpayer HB6 payments to power plants
Proposed legislation to stop and refund Ohio taxpayer subsidies being paid to two coal-fired power plants
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Hochul pledges to uphold climate pact after Trump pulls out
Hochul wrote in the letter, which was also signed by New Mexico Gov. Michelle Lujan Grisham, who co-chairs the climate alliance, "This does not change with a shift in federal administration."
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Trump’s moratorium on offshore wind development gives wind industry’s opponents in blue states hope
“We have government officials, elected officials, who all want this [offshore wind development] for whatever reasons, and they have steamrolled this from the very beginning,” said Amy DiSibio, board member for Nantucket-based ACK For Whales.
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Trump orders withdrawal from Paris Climate Agreement, overturns much of Biden's climate agenda
The order eliminates the EV mandate, energy efficiency standards on appliances, and a number of orders former President Joe Biden had signed as part of his climate agenda.
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Tennessee settles lawsuit with BlackRock
BlackRock agreed to increase its disclosure of proxy voting practices and to a third-party audit to show it is complying with the state's terms.
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Alaska Natives say Biden's last act against oil and gas makes them more eager for Trump’s return
While presented as an expansion of protections for Alaska Native traditions, native communities in the North Slope have long been critical of the Biden-Harris administration’s war on oil and gas in the region, which they say provide needed economic development.
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Fire erupts at one of the world's largest battery plants located in California
The fire began on Thursday afternoon and roughly 1,500 people evacuated the Moss Landing and the Elkhorn Slough area, according to The Mercury News.
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Louisiana regulators chart course toward advanced nuclear energy
This regulatory flexibility was highlighted during the discussion, with one expert noting the importance of giving utilities confidence to invest in nuclear and other advanced energy solutions.
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Consumer advocacy group warns Fortune 500 companies new ESG ruling could expose them to liabilities
“Any corporation or company using BlackRock to manage their pension plans is now effectively aware that BlackRock has acted with a dual motive in the past and is still publicly committed to doing the same moving forward," Consumers' Research warns.