Wall Street Journal, Dec 3,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. A Delaware judge ruled Monday that Tesla CEO Elon Mots is not entitled to a $56 billion package of compensation despite the fact that shareholders of the electric car company voted to reinstate it in July.
Trump Energy Pick writes ESG report praising oil and gas, while downplaying climate worries
According to a report that he wrote as the CEO of oilfield service company Liberty Energy, Donald Trump's nominee to head the Energy Department believes fossil fuels will end world poverty. He says this is a bigger problem than the "distant threat" of climate change. Chris Wright stated in a February report entitled "Bettering Human Lives" that the energy transformation has not yet begun…
US Awards up to $2.2 Billion to Speed Clean-hydrogen Development
The U.S. Department of Energy announced on Wednesday that it had awarded up to $2 billion to centers in the Gulf Coast and the Midwest for the development of hydrogen, a new source of energy which is costly to produce with renewable power. Hydrogen supporters, such as the administration of Joe Biden believe that low carbon hydrogen can combat climate change by fueling industries like aluminum…
US oil industry calls on Trump to abandon Biden's climate policies
The U.S. Oil and Gas Industry on Tuesday called for President-elect Donald Trump's revocation of many policies implemented by President Joe Biden to combat climate change. They said the measures threatened jobs, consumer choices and energy security. The American Petroleum Institute, the nation's largest oil and gas trade association, has…
US oil industry calls on Trump to abandon Biden's climate policies
The U.S. Oil and Gas Industry on Tuesday called for President-elect Donald Trump's revocation of many policies proposed by President Joe Biden to combat climate change. They said the measures threatened jobs, consumer choices and energy security. The American Petroleum Institute, the nation's largest oil and gas trade association, has…
DTE Energy's profit beats expectations, thanks to higher rates
DTE Energy, an electric and gas utility, beat Wall Street expectations for the third-quarter profits on Thursday as higher supply rates helped its performance in its electricity unit. In premarket trading, shares of the company rose 1%. According to LSEG data, on an adjusted basis the Michigan-based firm reported operating profit at $2.22…
Maguire: Slow rollout of charge points could stall US EV sales momentum
The United States has seen a 140% increase in electric vehicle sales since 2023. However, further growth could be hindered if public charging stations are not rolled out more evenly and at a slower pace. According to the Alternative Fuels Data Center, U.S. electric vehicle registrations will reach just over 3.5 millions by September 2024.
Maguire: Slow rollout of charge points could stall US EV sales momentum
The United States has seen a 140% increase in electric vehicle sales since 2023. However, further growth could be hindered if public charging stations are not rolled out more evenly and at a slower pace. According to the Alternative Fuels Data Center, U.S. electric vehicle registrations will reach just over 3.5 millions by September 2024.
Two Republicans ask Pentagon to add Chinese Battery Maker CATL to restricted List
Two Republican senators on Wednesday requested that the U.S. Defense Department add Chinese battery manufacturer CATL to a list of restricted companies suspected to be working with Beijing's army. Experts say that companies added to this list are not eligible for U.S. government contracts, and they also face significant reputational risk.
Source: Natron plans to build a $1.4 billion sodium-ion batteries plant in North Carolina
Sources familiar with the situation said that Natron Energy is planning to invest $1.4 Billion in a manufacturing plant for sodium-ion batteries in North Carolina. This could potentially increase the company's capacity by 40 fold. The battery storage facility in Edgecombe County, North Carolina, is capable of producing 24 gigawatts of power at full capacity every year.
Harris' energy strategy is ambiguous from a strategic perspective, say her aides
Since Vice President Kamala Harris joined the White House race 25 days ago, she has been keeping energy executives on their toes. Was she the anti-pollution and climate change warrior Attorney General of California? Or was she the pragmatic number two in the Democratic Biden Administration that oversaw record U.S. production and exports of oil?
Big Corn, Big Oil Unhappy with Fed's Biofuel Plan
Corn farmers, ethanol producers, refinery representatives, energy traders and state and local officials from the Midwest all blasted away at the Trump administration's proposed biofuels plan for next year during a public hearing on Wednesday hosted by the U.S. Environmental Protection Agency (EPA).The hearing in Ann Arbor, Michigan, marks the second public meeting on the topic in as many days…
US Patent Approval for Wave Energy
AW-Energy Oy, a Finnish wave energy technology developer, received an “approval” for AW-Energy’s patent application from the United States Patent and Trademark Office (USPTO).The patent [PCT/050485] provides AW-Energy with broad IP protection of its latest generation WaveRoller device including a range of operating improvements made to the device’s system and infrastructure…
Michigan Sues to Shut Down Enbridge Oil Pipeline in Great Lakes
The U.S. state of Michigan has filed a lawsuit asking for an Enbridge Inc oil pipeline that runs under the Straits of Mackinac in the Great Lakes to be decommissioned, a statement from Michigan's attorney general said on Thursday.The lawsuit says Enbridge's continued operation of the underwater portion of Line 5 under an easement granted in 1953 violates the public trust doctrine…
Kongstein, Green Shipping Join Force for US Offshore Wind Market
Kongstein, the European service provider focused at offshore engineering and maritime logistics, has signed a Memorandum of Understanding (MoU) with U.S.-based Green Shipping Line to provide a complete offshore wind farm supply solution in the United States.Per the MoU, the solution provided will include consultancy services, a U.S. Jones…
Energy Transfer Defends Mariner East 2 NGL Pipe Plan in Pennsylvania
Energy Transfer LP representatives are heading to Pennsylvania's capital on Thursday for a hearing before utility regulators to defend the company's plan to put the Sunoco Mariner East 2 natural gas liquids pipe into service by year end.Energy Transfer wants to temporarily connect an existing 1930s-era 12-inch (30.5 centimeter) pipe to…
Cambodia to Boost Clean Energy Use
Cambodia will push ahead with plans to use hydropower and coal to electrify the entire country by 2020, but solar energy will play some role, especially in remote areas, an energy ministry official said on Wednesday.The Southeast Asian nation has electrified rapidly since 2000, when only 16 percent of the population had access to power…
Enbridge to Put More of Ohio TEAL Natgas Pipe Into Service
Canadian energy company Enbridge Inc on Wednesday sought permission from U.S. energy regulators to put the remaining part of its Texas Eastern Appalachian Lease (TEAL) Phase 1 natural gas pipeline in Ohio into service.In a filing with the U.S. Federal Energy Regulatory Commission (FERC), Enbridge said it expects to complete work on the last part of the $200 million TEAL project by Oct.
Alberto Moves Inland, Flash Floods Threaten Alabama
Subtropical storm Alberto fizzled into a subtropical depression as it rolled into Alabama on Tuesday but forecasters warned of potentially dangerous flash floods even as winds dropped to 30 miles per hour (48 km per hour). At its height, Alberto, the first storm of the 2018 Atlantic hurricane season, blasted sustained winds of 65 mph (105 kph) with gusts that packed full hurricane punches of 75 mph (121 kph)…
EPA Announces Funding to Reduce Diesel Emissions
Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner, more efficient diesel engines. EPA anticipates awarding approximately $40 million in Diesel Emission Reduction Program (DERA) grant funding to eligible applicants…
