Energy
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Exxon, global agencies warn of oil price spike within weeks
Neil Chapman, senior vice president at ExxonMobil, told investors at the Bernstein 42nd Annual Strategic Decisions Conference in New York that global inventories could reach critical lows within "two to three weeks."
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Power grid demand summer outlook cautiously optimistic
PJM’s Summer Outlook 2026 projects adequate reserves to maintain reliability under expected conditions, even with hotter-than-normal weather in the forecast and peak demand projected at near-historic levels.
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SCOTUS flooded with briefs critical of Colorado climate suit, signaling high stakes battle ahead
Last week, 78 members of Congress, 27 state attorneys general, some Colorado counties, Native American tribes, industry groups and legal and policy organizations filed briefs in support of the oil and gas companies targeted in the Boulder, Colorado, climate lawsuit. The interest in the case illustrates that the stakes are high, as a ruling has implications economic, legal and political across the country.
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Washington Senate passes bill to speed up carbon emission data updates
The bill’s backers say the change is needed to better set environmental policies and track whether taxpayer dollars spent to meet those goals are spent well.
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Biden-era tax on natural gas repealed, a boon for energy industry
The resolution rescinds that regulation under the Congressional Review Act. The CRA legislation gives Congress the authority to repeal regulations issued during the final months of a previous administration.
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Fishing industry sues over offshore wind farm, says the DOI didn’t properly permit Vineyard Wind
Meghan Lapp, spokesperson for Seafreeze Ltd., said that the offshore wind projects destroy marine habitats that commercial fishermen rely on, and they pose potentially life-threatening risks to the operations.
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Despite $9 trillion spent on net zero goals, fossil fuels to remain dominant energy source: report
Modern prosperity is tied to certain industrial products, including chemicals, steel, cement, food and paper, according to the J.P. Morgan report. Approximately 80% of the energy inputs for these products is fossil fuels.
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Three ballot measures advocate for energy consumer choice
It would prohibit state and local governments in Colorado from banning certain products based on the energy source used, saying that “access to energy to power and heat homes, cook and operate equipment is a matter of statewide concern.”
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Greenpeace-Energy Transfer lawsuit winding down
Greenpeace supported the protests with funding and training, and Energy Transfer has claimed the environmental activist group was behind the protests’ growth into a demonstration large enough to attract worldwide attention and lead to vandalism.
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Illinois stands to become leader in the production of sustainable aviation fuel
At this week’s Sustainable Aviation Fuel and Beyond Conference in Rosemont, Illinois Gov. J.B. Pritzker said the state is positioned to be a major player in the aviation fuel producing market.
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California stands in way of EPA’s effort to end electric vehicle mandate
To fully end the de facto EV mandate, the Trump administration will have to deal with the third prong of former President Joe Biden’s war on gas-powered cars — the EPA waiver for California’s state-specific Advanced Clean Cars II Regulations, said Kenny Stein, vice president of policy at the Institute for Energy Research.
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Trump tries refilling critical fuel stockpile, but Biden’s drain may do lasting damage, experts say
While former President Joe Biden wasn’t the first president to use the Strategic Petroleum Reserve for political reasons, he drained it more than any president before him. The frequent draws and refills may be threatening the structural integrity of the reserve, experts say.
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Schools' solar demand booming in Pennsylvania
The bill establishing the program, introduced by Rep. Elizabeth Fiedler, D-Philadelphia, was passed last session with bipartisan support and backing from environmental and labor groups.