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Bill Gates Says He’s Ready to Put Billions Into Nuclear Power

This post was originally published on this siteBill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs. TerraPower LLC, a startup founded by Gates, broke ground for construction of its first commercial reactor last week in Wyoming, where a coal

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Trump Plans to Restart Oil Drilling in Alaska Arctic Refuge

This post was originally published on this siteTrumps tells Senate Republicans he wants drilling in region Biden canceled lease sales last year, increased conservation Donald Trump told Senate Republicans Thursday he would restart oil drilling in Alaska’s Arctic National Wildlife Refuge, reversing a move by the Biden administration to cancel leases in the frozen wilderness. “He

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U.S. Judge Dismisses Exxon Case Against Activist Investor Over Proxy Filing

This post was originally published on this site(Reuters) – A U.S. judge on Monday dismissed a lawsuit Exxon Mobil  had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company’s annual meetings. The lawsuit by the largest U.S. oil company had raised alarm among activists and

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Some Colonial Pipeline Owners Eye Stake Sales at $10 billlion-Plus Company Valuation, Sources Say

This post was originally published on this siteSome of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter. Growing U.S. energy consumption has raised demand for pipeline capacity. Any deal

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Venezuela Mulls Proposal to Extend PDVSA-Chevron Oil Joint Venture Through 2047

This post was originally published on this siteVenezuela’s National Assembly on Monday began discussing a proposal to extend through 2047 a contract between state oil company PDVSA and U.S. company Chevron to operate a joint venture in the country’s largest producing area. PDVSA and Chevron have four joint ventures in Venezuela that are producing some

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OPINION: Vermont is Learning the Hard Way That Renewables Don’t Replicate O&G

This post was originally published on this siteA new presentation from the Legislative Finance Committee reported a revenue of $15.2 billion from the extractive industry to New Mexico in fiscal year 2023. Land income generated $8.6 billion, while taxes generated $6.6 billion. By George Sharpe Vermont just passed a law intended to “fine” oil and

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Japan Could be Energy-Independent by 2060 Thanks to Renewables, Rystad Energy CEO Says

This post was originally published on this site(Reuters) – Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power together with storage batteries, said Jarand Rystad, chief executive of the Rystad Energy consultancy. Japan imports most of its energy resources, with the

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More Than 800 Coal Plants Worldwide Could be Profitably Decommissioned, Research Group Says

This post was originally published on this site(Reuters) – More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are scheduled to shut down by 2030, more

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