Keyword: oil
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There is strong nationwide support among Canadians for putting export taxes on oil shipments if needed to retaliate against US President Donald Trump’s tariffs, a new poll suggests. Export taxes on energy have been considered politically divisive in Canada, but the robust backing shows the level of anger among the Canadian public over Trump’s actions — and potentially gives Justin Trudeau’s government greater license to threaten the levies if Trump revives the tariffs next month. Overall, 82% of Canadians support unilaterally raising the price on oil exports to the US if Trump tariffs Canadian goods but exempts oil, according to...
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President Trump signed an executive order overlooked by some in the media on his first day of office that experts tell Fox News Digital will play a critical role in developing mineral resources in the United States. On the first day of his presidency, Trump signed an executive order advancing the Ambler Access Project, a 211-mile industrial road through the Brooks Range foothills that enables commercial mining for copper, zinc and other materials in a remote Arctic area in Northwest Alaska. That executive order, one of dozens signed by Trump in the early hours of his administration, reverses a move...
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Newly seated Interior Secretary Doug Burgum issued six Department of the Interior (DOI) orders on Feb. 3, his first official day in office. His initial actions as secretary align DOI procedures and initiatives with the 200-plus executive actions that President Donald Trump has signed since his Jan. 20 inauguration, including more than 50 related to energy development.
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President Trump signed an executive order Tuesday that will restore his “maximum pressure” campaign on Iran in a bid to stop Tehran from obtaining a nuclear weapon and drive its oil exports down to zero. The move brings back the tough-on-Iran policies that Mr. Trump imposed during his first term. It also comes just hours ahead of his meeting with Israeli Prime Minister Benjamin Netanyahu. -snip- The order directs the Treasury Department to impose “maximum economic power” on Iran, including sanctions and enforcement mechanisms on those violating existing sanctions. It will also implement a campaign aimed at driving Iran’s oil...
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The Senate on Monday confirmed Chris Wright, the CEO of fracking company Liberty Energy, to lead the Energy Department. The vote was 59-38. Lawmakers on both sides of the aisle indicated support for his nomination during his confirmation hearing, and he sailed out of the committee on a 15-5 vote. “He’s a scientist who has invested his life around energy. He is indeed an unrestrained enthusiast for fossil fuels in almost every regard, but he studied nuclear,” Democrat John Hickenlooper (Colo.) said during Wright’s confirmation hearing. “His first years of working were in solar. He has experience in wind.”
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Several U.S. oil and gas companies have warned that they will not be looking to increase production unless prices increase significantly. President Donald Trump stated he wanted to “Drill, Baby, Drill”, when it came to oil and gas. However, oil majors are concerned that increasing oil and gas output even further could create a glut and drive prices down, something they want to avoid. On his first day in office, President Trump declared an energy emergency, stating, “The integrity and expansion of our Nation’s energy infrastructure is an immediate and pressing priority for the protection of the United States’ national...
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China and India have stopped buying Russian oil due to increased freight costs for tankers not subject to US sanctions. A representative from India's Bharat Petroleum Corp Ltd stated that the company has not received new supply offers for March, as is usually the case, and expects the volume of cargoes offered for the first month of spring to decrease compared to January and December. Typically, India receives offers for Russian oil supplies in the middle of each month. Traders noted that the premium for Russian ESPO crude oil has increased by $3-5 per barrel compared to ICE Brent, while...
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Oil and gas companies would be liable for damages caused by climate change -related disasters in California under legislation introduced Monday by two Democratic lawmakers. The proposal claims that the oil industry intentionally deceived the public about the risks of fossil fuels on climate change that now have intensified storms and wildfires and caused billions of dollars in damage in California. Such disasters have also driven the state insurance market to a crisis where companies are raising rates, limiting coverage or pulling out completely from regions susceptible to wildfires and other natural disasters, supporters of the bill said. Under state...
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An executive order from President Donald Trump moving federal inmates who transitioned male to female... John Ratcliffe confirmed as Director of the Central Intelligence Agency by the US Senate... A Ukrainian drone attack tonight on an oil refinery in the Russian city of Ryazan... Ukrainian drones shot down in the Moscow Region... President Donald Trump signing an executive order leading to release of classified assassination files from the 1960's... A new opioid settlement involving Purdue Pharma and the Sackler family. The 7.4-billion-dollar deal replaces a previous... A US District Judge blocking President Donald Trump's executive order on birthright citizenship... In...
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A group of Republican-led states filed a lawsuit on Friday challenging a ban announced by outgoing Democratic U.S. President Joe Biden earlier this month on new offshore oil and gas development along most U.S. coastlines. The lawsuit seeks a reversal of Biden’s ban with declaratory and injunctive relief, according to a court filing that argued Biden did not have the authority to impose such a ban and that the power to do so rests with the U.S. Congress.
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Scott Bessent said the US should increase sanctions on Russian oil producers to force Moscow to negotiate with Ukraine as he criticised the Biden administration for not being tougher on Vladimir Putin’s regime. The comments on Thursday by Donald Trump’s nominee to be Treasury secretary pushed up oil prices, as traders considered the prospect of tighter global crude supply. The new administration is also expected to target Iranian and Venezuelan oil with tougher sanctions as Trump seeks to increase economic pressure on the US’s adversaries.
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LOS ANGELES, Calif. — As Californians grapple with the aftermath of devastating wildfires, a pressing question looms: Who will bear the financial burden of rebuilding the Los Angeles area? While some point to politicians, others are calling for fossil fuel producers to be held accountable. Christina Scaringe, California Climate Policy Director for the Center for Biological Diversity's Climate Law Institute based in Sacramento, said they are working on a climate superfund bill aimed at holding major fossil fuel companies responsible for their climate impacts.... ...Scaringe emphasized that the bill is about fairness and affordability for Californians. ....The proposed climate superfund...
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Blackrock Inc. is the latest to announce it has left a United Nations-backed Net-Zero Banking Alliance (NZBA), among several within one month and not soon after Donald Trump was elected president. It did so as it and roughly 60 companies are being investigated by Congress for allegedly colluding as a “woke ESG cartel” to “impose radical environmental, social, and governance goals on American companies.” Last month, Goldman Sachs was the first to withdraw from the alliance, followed by Wells Fargo, The Center Square reported. Citigroup, Bank of America, Morgan Stanley and JPMorgan next announced their departure. According to the "bank-led...
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Green radicals from the Just Stop Oil activist collective defaced Charles Darwin’s grave on Monday, claiming that humanity will not be able to adapt to the supposed climate crisis. Members of the climate change alarmist Just Stop Oil group used orange spray paint to deface ‘Father of Evolution’ Charles Darwin’s grave memorial in Westminster Abbey, with the message “1.5 is dead”, a reference to the 2015 Paris Agreement, which called on governments to prevent the world from increasing temperatures beyond 1.5 degrees Celsius. “Two Just Stop Oil supporters have painted Charles Darwin’s grave to demand that the UK government works...
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As fires wreak havoc in California, Sen. Ed Markey, D-Mass., claimed in a post on X the catastrophe is “what a climate emergency looks like.” In another tweet, he took aim at President-elect Trump, asserting the incoming president has been bought off by the oil industry. “Trump has been bought for $1 billion by Big Oil. Just a payoff to kill the IRA and the Green New Deal. We know what will happen. More fires, more climate disasters, more death. The LA fires are preview of coming atrocities,” Markey declared in a post on X. Markey, who claims there is...
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Enbridge (NYSE:ENB) is working on plans to boost the capacity of its oil pipeline system in the U.S. if the next Trump administration kicks off a boom in drilling, Bloomberg reported Saturday, citing an interview with Chief Executive Greg Ebel. Ebel was quoted as saying that Enbridge sees a chance to transport “several hundred thousand” more barrels of oil daily in the U.S. in the next two to three years, mostly by optimizing its current system with procedures like looped sections and agents that reduce drag.
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New Mexico’s senior senator objects to holding a nomination hearing for President-elect Donald Trump’s Energy secretary pick without a completed FBI background check and financial report. On Thursday, Energy and Natural Resources Chair, Republican Sen. Mike Lee of Utah, scheduled a nomination hearing for Chris Wright for Jan. 15. The committee’s ranking member Sen. Martin Heinrich, D-N.M., said in a statement that he is disappointed the hearing will come before a financial report or background check, which are required by committee rules. “As I have made clear to Chairman Lee, the American people deserve transparency on the individuals nominated to...
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In a move that will undoubtedly hurt American energy independence, outgoing President Joe Biden has imposed a sweeping ban on offshore oil and gas drilling in most federal waters. This latest decision effectively shuts down vital energy resources, pushing the country further away from energy self-sufficiency. Despite soaring gas prices and growing calls to increase domestic production, the Biden Administration is doubling down on its progressive green agenda at the expense of American workers and families. Critics argue that this ban will stifle economic growth, jeopardize jobs, and leave the U.S. even more reliant on foreign energy sources. Just hours...
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Joe Biden is not finished sabotaging his successor before he finally leaves the White House in complete disgrace. As The Daily Mail reported, Joe Biden has officially banned ALL future offshore oil and gas drilling in an effort to sabotage President Trump’s vote to unleash American energy dominance, which includes offshore drilling. Trump has also vowed to ditch Biden’s environmentally damaging ‘green’ energy policies. Biden announced Monday morning he is utilizing his power under the 70-year-old Outer Continental Shelf Lands Act to block all future oil and natural gas leasing in more than 625 million acres of federal waters. Established...
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WASHINGTON — President Biden is moving to ban new offshore oil and gas drilling in most US coastal waters, a last-minute effort to block possible action by the incoming Trump administration to expand offshore drilling. Biden, whose term expires in two weeks, said he is using authority under the federal Outer Continental Shelf Lands Act to protect offshore areas along the East and West coasts, the eastern Gulf of Mexico and portions of Alaska’s Northern Bering Sea from future oil and natural gas leasing. “My decision reflects what coastal communities, businesses and beachgoers have known for a long time: that...
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