Latest Energy industry News

EPA head: 'Journey to Justice' tour 'really personal for me'

Dec. 03, 2021 13:33 PM EST

RESERVE, La. (AP) — Michael Coleman's house is the last one standing on his tiny street, squeezed between a sprawling oil refinery whose sounds and smells keep him up at night and a massive grain elevator that covers his pickup in dust and, he says, exacerbates his breathing problems. ...

Shell pulls out of controversial Cambo project in Scotland

Dec. 03, 2021 10:26 AM EST

LONDON (AP) — Royal Dutch Shell has pulled out of a controversial plan to develop a new oil field near Scotland’s Shetland Islands, buoying environmentalists’ hopes that the project may be shelved altogether as Britain seeks to combat global warming. Shell, which...

Asian shares mixed after broad rally on Wall Street

Dec. 02, 2021 22:52 PM EST

Stocks were mixed in Asia on Friday after a broad rally on Wall Street as investors kept an eye on the spread of the new coronavirus variant and measures governments are taking to restrain it. Hong Kong slipped more than 1% while Tokyo edged lower. Shanghai and Seoul...

NC Duke Energy customers see bill uptick due to storm costs

Dec. 02, 2021 18:43 PM EST

CHARLOTTE, N.C. (AP) — Duke Energy electric customers in North Carolina will see a new line-item charge on their bills to repay $1 billion in special bonds the company issued last week to repay the company for its infrastructure repairs after 2018 and 2019 storms. ...

BP agrees to $500K penalty, soot limits at Indiana refinery

Dec. 02, 2021 17:30 PM EST

Oil giant BP agreed Thursday to pay a $512,450 penalty and reduce soot emissions from its Whiting refinery in Indiana under an agreement with regulators and activists who accused the company of violating an earlier deal. The U.S. District Court...

Energy secretary: Offshore wind brings 'gust' of job growth

Dec. 02, 2021 16:58 PM EST

PROVIDENCE, R.I. (AP) — U.S. Energy Secretary Jennifer Granholm said Thursday that the administration's goal for offshore wind and the projects being developed now represent a “gust of job growth throughout the country.” Granholm visited a new offshore wind...

OPEC, allies stick to modest output boost despite omicron

Dec. 02, 2021 16:48 PM EST

NEW YORK (AP) — OPEC and allied oil-producing countries decided Thursday to stick to their plans to boost oil production even as the new omicron variant cast a shadow of uncertainty over the global economic recovery from the coronavirus pandemic. Officials from OPEC...

How major US stock indexes fared Thursday

Dec. 02, 2021 16:29 PM EST

Stocks rose broadly on Wall Street Thursday as investors continue to monitor the spread of the new coronavirus variant as well as measures that the U.S. and other governments are taking to restrain it. The S&P 500, the Dow Jones Industrial Average climbed and the...

Mexico threatens legal action on US electric vehicle subsidy

Dec. 02, 2021 15:21 PM EST

MEXICO CITY (AP) — The Mexican government threatened legal action Thursday over provisions of U.S. President Joe Biden’s Build Back Better Act that would give subsidies of up to $12,500 for purchases of union-made, American-made electric vehicles. Tatiana Clouthier,...

Final goodbye: Recalling influential people who died in 2021

Dec. 02, 2021 13:59 PM EST

They both carved out sterling reputations as military and political leaders over years of public service. But both also saw their legacies tarnished by their actions in the long, bloody war in Iraq. Former Secretary of State Colin Powell and former Defense Secretary...