Energy
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Texas oil and gas industry again reports job losses in February
Texas’ overall job numbers were down in February, nonfarm jobs were down by 8,500 over the month, according to BLS data, The Center Square reported.
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U.S. Supreme Court slaps down Chevron oil lawsuit
The case, Chevron v. Plaquemines Parish, questions to what extent a state court can litigate against an oil company for its production of oil even if it is for federal purposes.
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Oil prices fall as Trump, Iran say Strait of Hormuz is 'fully open'
The Islamic Republic of Iran announced the reopening of the strait, crediting the ceasefire in Lebanon with Israel.
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Year in Review: Subsidies supply strong amid fledgling vehicle trend
Through August, total electric vehicle registrations in the state were at 75,000, with about 55,000 electric and 20,000 plug-in hybrids. Nearly 18,000 electric vehicles were added in the first seven months of 2023. In context, the state needs to add zero-emissions vehicles at about 14,000-plus monthly to reach the governor's goal.
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Inslee vows to defend Climate Commitment Act after gas price controversy
The questions from reporters grew more interesting when Inslee was outright asked if he had lied when he told Washingtonians that gas prices would only rise by a few cents when the Climate Commitment Act took effect.
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Think tank: Gov. Inslee knew cap-and-trade could hike gas prices a decade ago
Less than six months before the carbon tax went into effect at the beginning of last year, Inslee downplayed the notion the carbon tax would result in higher gas prices.
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US Oil and Gas Association President says Democrats know they overreached on energy policy
The Biden administration has been facing a lot of pushback from energy companies as it pushes for an all electric future.
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Energy Department claims strategic oil reserve refill prices good for taxpayers, industry disagrees
An industry spokesperson compared the DOE’s recent purchases to a teenage son, granted use of the family car, bringing it home with the tank half empty. Then, he tells you it's okay because he’s going to put a gallon in today and another one tomorrow. It will take 75 months to bring the nation's petroleum reserves back to the level it was before Biden began draining it.
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DC adopts California's electric vehicle mandate
Under the rules, dealerships within the district will be required to sell only zero-emissions vehicles beginning in 2035.
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Another offshore wind project is canceled, citing inflation, interest rates, and supply chains
The companies said the agreement reflects “changed economic circumstances on an industry-wide scale” which includes “inflation, interest rates and supply chain disruptions.”
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Inflation Reduction Act re-routes Medicare savings into tax credits for electric vehicles
The bulk of $280 billion in savings from the IRA's prescription drug provisions has been redirected to fund $7,500 tax credits on new electric vehicles and $4,000 tax credits on used electric vehicles, as well as other energy efficiency programs.
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Taxpayers funding $1.1M for North Carolina's reduction of diesel emissions program
The funding is aimed at a wide range of projects, including the replacement or repowering of school buses, nonroad construction and agricultural equipment, heavy-duty on-road vehicles and trains with new equipment and vehicles.
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Michigan's spending spree is 'unsustainable,' economist says
Among the "unsustainable" spending is a $715M subsidy to Gotion's electric vehicle plant near Big Rapids and a $1.75B subsidy to Ford Motor Co.’s EV plant that aim to make Michigan a leader in the EV transitions. Michigan has fallen 1.9M EVs short of reaching its 2030 target goal.