"The report concluded by stating the growth of renewables has been a significant source of revenue for local jurisdictions and landowners across Texas, but any policy changes that reduce renewable or storage deployment in Texas will reduce these benefits, which are a lifeline to many rural communities across the state."
Exclusive: Exxon prepares to start up $2 bln Texas oil refinery expansion
"Exxon's Beaumont expansion marks a return to an era of steady refining capacity gains through processing tweaks and adding new equipment to existing plants."
Oil and Gas Are Back and Booming
Benoît Morenne and Jon Hilsenrath of The Wall Street Journal report on the return of America’s oil and gas industry. “As surging global demand for U.S. oil and gas has fueled high profit margins for producers, Mr. Biden has accused them of profiteering during a crisis. They take a different lesson from their fortune. ‘What’s...
Belgium to extend life of two nuclear reactors by 10 years
"Belgium's six operating nuclear reactors have a combined capacity of about 5 gigawatt and generate about half of the country's electricity, World Nuclear Association data show. One reactor, Doel 3, closed last year and the others had all been due to close in 2025."
U.S. poised to regain crown as world’s top LNG exporter
"However, the loss of Freeport LNG's supply at mid-year took away the U.S. chance to take the crown as top exporter in 2022. Freeport LNG said it expects to resume processing in the second half of January, pending regulatory approvals, which would tip the production balance back toward the United States."
Huge new investments are coming in clean energy tech, and the source will surprise you
"The traditional energy companies’ investments of billions of dollars in clean energy and technology in recent years is more than simple 'greenwashing,' in which companies make token investments to look environmentally friendly. It’s part of a rapidly growing global trend."
A major homebuilder tests the market for climate-conscious homes
"The houses, replete with everything from solar panels to heat pumps, will range from $490,000 to $600,000, and are designed to create 'a redundant power system,' Bridleman said. KB’s partners on the project include Schneider Electric, Kia, the Advanced Power and Energy Program at UC Irvine, Southern California Edison, SunPower, and the Department of Energy, which provided a $6.5 million grant to the project."
‘Degrowth’ Looks As Bad As It Sounds
"Less-necessary production is often in the eye of the beholder, but fuel, food, clothing and transportation might not be the first sectors that come to mind when consumers consider things they can do without. As for the goals of fewer private jets and a reduction in purchasing power among the rich, even ecological economists ought to understand that there will be a downside for those who produce what the rich purchase. The authors might consider what happened to shipyard workers when the U.S. Congress sought to soak the rich by applying a heavy tax on yachts in 1990. Sales plummeted, and so did jobs."
Chevron to create JV for U.S. geothermal projects
"The two companies have identified the first project in Weepah Hills, Nevada and will pursue development opportunities in Esmeralda County where previous geothermal research and advanced exploration already exist."
Tesla Cofounder Aims To Rev Up U.S. EV Battery Market With $3.5 Billion South Carolina Plant
"Redwood has raised more than $1 billion from investors, including Ford, Fidelity, Bill Gates’ Breakthrough Energy Ventures and Amazon’s Climate Pledge Fund. It will be seeking additional funds to cover the $4.6 billion it is committing for both the South Carolina campus and its production facilities in Nevada, though Straubel declined to provide details about that effort."