Energy & Fuel

"Conservative Republicans who want to thwart socially and environmentally conscious investing are now being pushed to water down their proposals after backlash from powerful business groups and fears that state pension systems could see huge losses."

"House Republicans on Thursday announced that a major energy package that has been in the works for weeks will be known as H.R.1, signifying that it’s the party’s top priority for the congressional session."

"The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen's coast in a bid to avert an environmental disaster, officials said on Thursday."

"The chief executive of a railroad company that operated a train that derailed and caused a release of toxic chemicals in February told the Senate on Thursday that he is “deeply sorry” for the impact on East Palestine, Ohio, and he is personally committed to “make this right.”"

"The White House’s fiscal 2024 budget asks for $12 billion for the EPA, a 19% increase over its current enacted level and a record high amount that’s almost certain to be trimmed during congressional negotiations."

"The UK government has given £20bn more in support to fossil fuel producers than those of renewables since 2015, the Guardian can reveal."

"Navigator CO2 Ventures’ proposed carbon pipeline project in the U.S. Midwest is struggling to secure a site to store millions of tons of greenhouse gas it hopes to collect from the region’s ethanol plants, as residents refuse to give up land rights over fears the underground reservoirs could leak, according to documents reviewed by Reuters."

"Coal-fired power plants are facing another crackdown as the Biden administration moves forward with plans to limit toxic discharges into lakes and rivers in a major strike at one of the largest sources of industrial water pollution."

"With the government at risk of defaulting, President Joe Biden on Thursday will make his opening offer in a high-stakes debate over federal finances as he proposes a federal budget that would cut deficits by nearly $3 trillion over the next decade."