Energy

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Manchin Gets Mountain Valley Pipeline Deal Into Debt Bill

Democratic Senator Joe Manchin slipped into the debt-limit deal a measure meant to accelerate a multi-billion-dollar natural gas pipeline that’s been repeatedly stalled on environmental concerns, according to people familiar with the matter.

By Jennifer Jacobs

Conoco to Buy Full Control of Oil-Sands Site for $3 Billion

ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site.

California Pension Bill Seeks $15 Billion Divestment (Correct)

The California state Senate approved a bill that would force the country’s two largest pensions to divest an estimated $15 billion from oil and gas companies, a measure opposed by the funds’ managers.

Offshore Wind Project Construction Should Go On, Judge Says

An offshore wind energy project near Nantucket, Mass., was handed a win Thursday against fishing groups that have been trying to stop the project’s construction.

California’s SoCalGas Focused on Costs Amid Energy Transition

Sempra’s Southern California Gas utility is concentrating on making energy bills affordable after natural gas rates soared last winter amid cold weather and energy shortages.

Mountain Valley Pipeline Faces FERC Permitting Roadblock

The Federal Energy Regulatory Commission must revisit multiple orders allowing work on the Mountain Valley Pipeline to resume, after an appeals court held Friday that the agency had inadequately explained its decision to skirt certain review related to the project’s sedimentation impact.

India’s Top Oil Producer Posts a Surprise Loss on Tax Provisions

State-run Oil and Natural Gas Corp. reported an unexpected loss for the fourth quarter on account of provisions made for disputed tax demands.

Glencore Loses More Support for Climate Plan as Coal Questioned

Investor support for Glencore Plc’s climate change strategy weakened, obliging the world’s top coal shipper to again consult with shareholders as it defends one of its most profitable businesses.

How Aviation Is Trying to Clean Up Its Dirty Image: QuickTake

With the UN’s International Civil Aviation Organization forecasting that aviation emissions could triple by 2050 from their 2015 level, some countries are taking action by outlawing short flights where rail is a viable alternative. Now the clock is ticking for the aviation industry to decarbonize or face further restrictions on its growth.