The US' emerging offshore wind industry could support 83,000 jobs by 2030, and states like New York are leading the way with policies that put affordable, clean and reliable energy first, writes American Wind Energy Association President and CEO Tom Kiernan. "At a time of such economic uncertainty, offshore wind's benefits are too great to risk missing," he writes.
The firm decommissioning the Oyster Creek nuclear power plant in New Jersey has received a Nuclear Regulatory Commission exemption from providing certain training for its security force, due to the ongoing coronavirus pandemic. The NRC says any delayed security exercises will need to be rescheduled 90 days after the health emergency ends, or by Dec. 31.
The US-Mexico-Canada Agreement, which went into effect on Wednesday, will create US jobs, support the tariff-free trade of energy products and ensure the nation's economy succeeds in the 21st century, writes Energy Secretary Dan Brouillette. "By strengthening supply chains, improving critical infrastructure, and hedging us against global market fluctuations, we are enhancing the security of North America," he writes.
Congress has a responsibility to safeguard and conserve US water resources, which are important for ensuring Americans have access to clean water, write Melinda Kassen of the Theodore Roosevelt Conservation Partnership and Julie Hill-Gabriel of the National Audubon Society. "We applaud the House for recognizing this in the Moving Forward Act -- and it is essential that Congress continues to come together and invest in water infrastructure and conservation efforts," they write.
The US energy mergers and acquisitions landscape got a boost in the second quarter from a rising interest in low-cost natural gas assets in Appalachia, according to oil and gas data provider Enverus. The value of US oil and gas deals rose from $770 million in the first quarter to $2.6 billion in the second quarter, Enverus said.
High-profile investors, including the New York State Common Retirement Fund and Ceres, are urging US oil majors ExxonMobil and Chevron to follow the example of their European peers and start publishing long-term oil price projections. "Exxon and Chevron should be more transparent and disclose long-term price forecasts and other information that investors need to assess their companies' low-carbon transition plans," said Mark Johnson, a spokesman for the Office of the New York State Comptroller.
Circuit Judge James Jamo on Wednesday granted permission for Enbridge to resume operations on the western segment of the Line 5 dual pipeline that runs under the Straits of Mackinac after the company argued that the shutdown hinders refiners' access to crucial oil supplies. Under the court order, Enbridge must run a safety test on the western line and share its results with the state of Michigan.
US crude stockpiles slid by 7.2 million barrels last week, exceeding analyst expectations for a 2.7-million-barrel decline, according to the Energy Information Administration. Gasoline inventories added 1.2 million barrels, while distillate supplies shed 600,000 barrels.
Sanchez Energy has emerged from Chapter 11 bankruptcy protection as a private company called Mesquite Energy and with new leadership. The restructuring helped the shale driller eliminate some $2.3 billion of debt and become a "simpler and leaner company," said interim CEO Cameron George.
The Treasury Department should support offshore wind projects delayed due to the coronavirus by extending the wind energy Production Tax Credit and Investment Tax Credit's safe harbor provisions, wrote Sen. Bill Cassidy, R-La., and eight other senators in a letter. "On top of construction delays and financial difficulties faced by the entire wind community, offshore developers are facing the significant additional challenges related to permitting offshore in federal waters," says American Wind Energy Association President and CEO Tom Kiernan.
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