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Phillips 66 to convert storm-hit refinery to oil export terminal

This post was originally published on this siteA sheen appears on the flooded property of the Phillips 66 Alliance Refinery, following the passing of Hurricane Ida in an NOAA surveillance photograph taken south of Belle Chasse, Louisiana, U.S. August 31, 2021. NOAA/Handout via REUTERS HOUSTON, Nov 8 (Reuters) – Phillips 66 (PSX.N) on Monday said it would

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Where COP26 Climate Talks Stand After Week One

This post was originally published on this site(Bloomberg) The parade of announcements this week from world leaders, finance figures and climate diplomats at the COP26 summit culminated in a weekend parade of protesters through Glasgow, Scotland. The message from the thousands carrying placards around the venue of the meeting is one most insiders would agree with: The progress is still not

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FirstEnergy to Sell Stake in Transmission Unit to Brookfield

This post was originally published on this siteNov 7, 2021 (Bloomberg) –FirstEnergy Corp. agreed to sell a stake in its transmission businesses to Brookfield Asset Management Inc. for $2.4 billion. The Akron, Ohio-based utility will sell a 19.9% stake in FirstEnergy Transmission to Brookfield’s infrastructure group, according to a statement Sunday. Separately, FirstEnergy will issue

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White House-Backed Carbon Tax in Sight for Biden’s Climate Bill

This post was originally published on this siteNov 6, 2021 (Bloomberg) The White House and at least 49 senators support a proposal to impose an almost $20 per-ton fee on carbon as part of President Joe Biden’s climate-and-spending legislation, U.S. Senator Sheldon Whitehouse said Saturday. Under the initiative, the cost on carbon dioxide emissions would start

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Granholm Flags Energy Forecast as Biden Eyes U.S. Oil Reserve

This post was originally published on this siteNov 7, 2021 (Bloomberg) The Biden administration will be looking at an updated U.S. energy outlook due this week as it weighs options for lowering oil prices, including tapping the Strategic Petroleum Reserve, Energy Secretary Jennifer Granholm said. Granholm’s comments on CNN’s “State of the Union” on Sunday suggest

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Pipeline operators Enbridge, TC Energy profit up on crude price rebound

This post was originally published on this siteNov 5 (Reuters) – Enbridge Inc (ENB.TO) reported a better-than-expected quarterly profit on Friday, as a rebound in demand for crude oil and products from a pandemic-hit low, boosted volumes on its pipelines. Pipeline operators have been enjoying a recovery in shipment volumes owing to oil prices touching multi-year

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