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...It trails China and the US in areas such as manufacturing of clean technologies thanks to a mix of burdensome regulations and higher energy prices....
...“Continuing regulatory challenges” in California will contribute to a non-cash charge of $3.5bn to $4bn, the oil company said, reflecting a write down in the value of its US upstream oil and gas assets,...
...Chevron has said it would record a fourth-quarter impairment loss of up to $4bn due to regulatory challenges in California and certain oil and gas production facilities in the Gulf of Mexico....
...“Continuing regulatory challenges” would contribute to a non-cash charge of $3.5bn-$4bn, the oil company said, reflecting a writedown in the value of its US upstream oil and gas assets, primarily in California...
...The bloc has banned Russian oil and coal imports and the commission has proposed ending all fossil fuel imports from Russia by 2027....
...Local 154 trade union in Pittsburgh....
...Europe relied on Russia for about a third of its refined oil products before the EU banned its imports in retaliation for the invasion of Ukraine....
...In two years, YPF went from an employment of 60,000 to 6,000 with labour union and government agreement....
...For example, under these rules, an oil refiner and a car salesroom would share the emissions from the combustion engine of their ultimate client driving to work....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...We start today with Joe Biden’s plans for tonight’s State of the Union address....
...“We thought [at the start of the energy crisis that] . . . we were going to have lots of problems,” she said....
...Mentioned in this podcast: Iran oil exports hit 6-year high as west prepares sanctions Majority of EU states object to capital markets reform push US deficit poses ‘significant risks’ to global economy...
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...campaign director for the Union of Concerned Scientists....
...From the 1970s until the 2000s, the Soviet Union and then Russia priced natural gas to displace the competitor — fuel oil in industry and heating oil in domestic heating....
...BP’s growing role in the project marks a notable acceleration of the oil major’s renewable energy ambitions. Thank you for reading....
...Yesterday, Biden officials and Senate majority leader Chuck Schumer gathered with union members in Queens to celebrate Equinor’s first project labour agreement for its offshore wind facility Empire Wind...
...California’s governor has named union leader and activist Laphonza Butler as the interim replacement for the late senator Dianne Feinstein....
...US energy editor Jamie Smyth looks to the future of oil and gas-reliant economies in this Energy Source video on petrostates and the trillions of dollars they risk losing as world turns to green energy....
...The main buyers of the assets were state-controlled oil group Saudi Aramco and Mol, the Hungarian oil company....
...The resulting substantial pay rises and the extension of union protection to plants making electric vehicle batteries are likely to drive up prices....
...Nowhere is the climate pressure higher than in California....
...And California-based Terraform Industries, founded in 2021, has raised $11mn for an entirely off-the-grid model for synthesising natural gas, founder Casey Handmer told me, powered exclusively by solar energy...
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