Energy & Fuel

"First Lease Sale To Be Held For Offshore Wind On West Coast"

"The Biden administration will hold the first-ever lease sale for offshore wind energy on the West Coast, officials said Tuesday. The Dec. 6 sale will target areas in the Pacific Ocean off central and northern California— the first U.S. auction for commercial-scale floating offshore wind energy development."

Source: AP, 10/19/2022

Ruling Could Bring Trials Against Oil Majors Over Louisiana Wetlands Damage

"A federal appeals court in New Orleans on Monday ordered a nine-year-old lawsuit filed against oil and gas companies over damage to Louisiana's wetlands to be returned to state court for trial, potentially clearing the way for at least 41 similar suits -- alleging billions of dollars in damages -- to also move forward."

Source: Nola.com, 10/18/2022

"White House Planning Oil Reserve Release Announcement This Week"

"The Biden administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in a bid to balance markets and keep gasoline prices from climbing further, according to people familiar with the matter."

Source: Bloomberg, 10/18/2022

"Germany’s New Hunger for Coal Dooms a Tiny Village"

"For months, die-hard environmental activists have camped in the fields and occupied the trees in this tiny farming village in western Germany, hoping that like-minded people from across the country would arrive and help stop the expansion of a nearby open-pit coal mine that threatened to swallow the village and its farms."

Source: NYTimes, 10/14/2022

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