Russell: Trump's tariffs on copper won't boost US production, but will increase costs
The proposed 50% tariff on imported copper may be the most embarrassing own goal in the ongoing trade war between the United States and the rest of world. Trump announced Wednesday that the tariff would take effect on August 1. Trump's statement was quite definitive, but there are still many questions. For example, what products would be included in the definition?
Russell: Trump's tariffs on copper won't boost US production, but will increase costs
The proposed 50% tariff on imported copper may be the most embarrassing own goal in the ongoing trade war between the United States and the rest of world. Trump announced Wednesday that the tariff would take effect on August 1. Trump's statement was quite definitive, but there are still many questions. For example, what products would be included in a definition of copper?
UK Issues Environmental Guidance on New North Sea Oil and Gas Drilling
The UK published long-awaited guidance on environmental issues that will impact future developments of two North Sea oil and natural gas fields, including Shell and Equinor. The guidelines explain how future government decisions on extraction should treat greenhouse gas emissions from oil and gas, also known as downstream emissions or Scope 3.
UK releases environmental guidance that will impact North Sea drilling
The UK published environmental guidelines on Thursday, which will impact future developments of two North Sea oil and natural gas fields. Shell and Equinor are among the companies that are expected to benefit. The guidelines outlines how future government decisions on extraction should treat greenhouse gas emissions from oil and gas, also known as downstream emissions.
US Supreme Court tests which courts can hear EPA Cases
Wednesday, the U.S. Supreme Court set rules for determining when cases challenging the actions of the U.S. Environmental Protection Agency relating to air pollution or greenhouse gas emissions are heard by regional appellate courts or a Washington appeals court that hears many regulatory cases. The ruling of 7-2 held that the U.S. Court of Appeals District of Columbia Circuit and not the 5th U.S.
Canada's TC energy erases $199 Million damages in Delaware appeal against Columbia takeover
Delaware's top court on Tuesday overturned a judge’s order requiring Canadian pipe-line operator TC Energy, which purchased Columbia Pipeline Group for $13 billion in 2016, to pay damages of $199.2 millions. Columbia shareholders brought the case against TC Energy, claiming that it was responsible for lowering the takeover price from $26 to $25.50.
US Supreme Court to hear Chevron, Exxon appeal over Louisiana coastal damage
The U.S. Supreme Court ruled on Monday that it would hear an appeal by Chevron and Exxon Mobil, as well as other oil and gas firms, to move lawsuits filed by two Louisiana municipalities accusing them of damaging the state's coastline over a decade-long period from state court to federal court. The Justices heard an appeal from the…
US Supreme Court to hear Chevron, Exxon appeal over Louisiana coastal damage
The U.S. Supreme Court ruled on Monday that it would hear an appeal by Chevron and Exxon Mobil, as well as other oil and gas firms, to move lawsuits filed by two Louisiana municipalities accusing them of damaging the state's coastline over a decade-long period from state court to federal court. The Justices heard an appeal from the…
Trump administration sues Hawaii and Michigan to block planned lawsuits on climate change
The Trump administration sued Hawaii and Michigan in an attempt to prevent them from suing major oil companies for their role in climate changes. They accused the Democratic-led state of overreach, and threatening domestic energy production. A lawsuit has not been filed by either state. Hawaii Governor Josh Green said to a local television station that Hawaii plans to sue fossil-fuel companies by Thursday.
The Trump administration sueded Michigan to stop a planned climate change lawsuit
The Trump administration sued Michigan to stop it from suing oil companies for their role in climate change. They claimed that the Democratic-led Michigan was blocking domestic energy production. In a late-night lawsuit filed in Michigan, the U.S. Department of Justice said that the state's intention to sue would have an "extraordinary…
US Supreme Court dismisses state climate lawsuits against oil companies
The U.S. Supreme Court on Monday rejected a bid from 19 Republican-led state led by Alabama, to stop five Democratic-led state from pursuing lawsuits against major oil companies for deceiving public about the role that fossil fuels played in climate change. The justices refused to hear a case filed directly at the Supreme Court by Republican attorneys general.
Reliance India says the oil ministry demanded $2.81 billion in gas dispute case
Reliance Industries, an Indian company, said Tuesday that the Petroleum and Natural Gas Ministry of India has demanded $2.81 billion in a dispute over gas drilling from the company and BP Exploration and Niko. A division bench of the Delhi High Court ruled on February 14 against Reliance in a dispute over the extraction of gas from a deepwater block in India's KG-D6 block…
US Judge rejects Republican challenge to Biden's ESG investment rule
A federal judge in Texas upheld a rule that was adopted by Democratic former president Joe Biden that allowed socially conscious investments by employee retirement plans. The judge said it remained valid after a U.S. Supreme Court decision that curbed the regulatory powers of agencies. U.S. District Court Judge Matthew Kacsmaryk, in Amarillo Texas…
Shell should be held responsible for oil spills in Nigeria, says community leader before UK trial
Shell must take responsibility for the environmental damage caused in Nigeria by oil spills. A community leader made this statement on Thursday, as a crucial hearing in suits brought against Shell began at London's High Court. Godwin Bebe OKpabi, the leader of the Ogale Community in the Niger Delta said that he appealed to Shell to rectify the damage which, he claimed, had "destroyed [our] way of life".
New York City dismisses climate change lawsuit against Exxon BP Shell
A judge dismissed New York City’s lawsuit against Exxon Mobil and BP for misrepresenting their products and commitment to renewable energy, as well as their fight against climate change. Anar Patel, a state Supreme Court justice, ruled on Tuesday that the city cannot claim to have climate-conscious citizens, but then let them down…
New York Times Business News - January 14
These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch their accuracy. The Securities and Exchange Commission fined Robinhood $45 million on Monday, for violations that occurred between 2019 and 2023. These included failures to safeguard sensitive customer data…
Wall Street Journal, Dec 19,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Woodside and Chevron announced they would streamline their oil and gas operations throughout Western Australia by announcing a stake exchange deal. This move will result in the Australian energy company exiting the $34 Billion Wheatstone LNG Project. The U.S.
India's floating-solar plans face opposition from fishermen
But he fears his livelihood could evaporate if plans to install a huge floating solar farm on the Nathsagar reservoir go ahead. The government is considering a project to blanket about 7,500 hectares of the 350-sq km reservoir near the town of Paithan in Maharashtra state with floating photovoltaics, part of an ambitious push to create…
Shell and Equinor face off against UK North Sea oil, gas projects
Shell and Equinor urged on Tuesday an Scottish court to support Britain's approval of the development two vast North Sea gas and oil fields as environmental activists attempted to block these projects. Shell is fighting Greenpeace's legal challenge at the Court of Session of Edinburgh regarding Britain's approval of the Jackdaw Gas Field in 2022.
Bunge's takeover of Vicentin, a bankrupt soy company, is set back by court decisions in Argentina
A court in Argentina has ruled an agreement between Vicentin, the soymeal giant, and its creditors unconstitutional. This will hinder any attempt to takeover the bankrupt company that is stuck in a long legal battle. The Supreme Court of Santa Fe Province, where Vicentin's headquarters is located, has ruled that the company must negotiate a new deal with its creditors before a proposed acquisition by U.S.
