Sec. Rick Perry Explains ‘Expansive Relationship’ With Ukraine: ‘God as My Witness Not Once Was Biden Mentioned’
Jennifer Wishon, CBN News
When it comes to dealings with Ukraine, Energy Secretary Rick Perry says he probably has the most expansive relationships as any cabinet secretary but says he’s never heard former Vice President Joe Biden or his son Hunter come up in conversation. Secretary Perry discussed his dealings during an exclusive interview with CBN News Friday.
Perry’s legacy? Expansion of agency he’d vowed to kill
Jeremy Dillon et al., E&E News
DOE’s annual budget for fiscal 2020 could approach $40 billion — a nearly 25% increase from when Perry took the helm in fiscal 2017. That’s an astonishing expansion of spending for a department that Republican presidential hopeful Perry had targeted for elimination before he comically forget its name in a 2012 candidates’ debate.
Rick Perry’s Likely Successor Wants to Rescue Coal Plants Too
Ari Natter, Bloomberg
Brouillette has recently has taken a higher profile role at the department, filling in for Perry in appearances abroad and on television interviews as well as cabinet meetings. That’s viewed by some as an effort by the secretary to prepare a successor
Dakota Access Pipeline Activists Face 110 Years in Prison, Two Years After Confessing Sabotage
Aileen Brown, The Intercept
Civil liberties lawyers say the charges are in line with industry-inspired scare tactics meant to deter citizens from participating in direct-action protests or acts of sabotage against oil and gas companies.
‘I politely called BS’ — staff surprise at acting IG pick
Kevin Bogardus and Michael Doyle, E&E News
It was May 24, the eve of the long Memorial Day weekend. Shortly after noon, the Office of Inspector General’s chief of staff, Stephen Hardgrove, advised a colleague in an email that “there will likely be an announcement today by the White House” on an acting IG.
Oil prices up as U.S.-China trade talks loom, supply issues mount
Noah Browning, Reuters
Oil prices were up on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters.
Oil and Natural Gas
EP Energy Files Largest U.S. Energy Bankruptcy Since 2016
Alexander Gladstone, The Wall Street Journal
EP Energy Corp. filed for chapter 11 protection, hoping to survive a commodity slump by cutting $3.3 billion in debt under a proposed deal with Apollo Global Management LLC and Elliott Management Corp.
Chevron buys 40% stake in three Mexico deepwater blocks from Shell
Marianna Parraga, Reuters
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation’s energy reform.
Energy Company Controlled by Indicted Insurance Tycoon Files for Chapter 11
Mark Maremont and Soma Biswas, The Wall Street Journal
An energy company controlled by indicted financier Greg Lindberg filed for bankruptcy, a possible sign of financial distress in his empire of private companies that collectively borrowed at least $2 billion from life insurers he owned.
DOE approves Eagle LNG for exports to non-FTA countries
Jim Magill, S&P Global Platts
Under DOE Order No. 4445, Eagle LNG Partners Jacksonville will be allowed to export U.S.-sourced LNG equivalent to about 50 Bcf per year (140 MMcf/d) of natural gas to nearby nations in the Caribbean region.
CNPC Quits Flagship Iran Gas Project as U.S. Sanctions Bite
Arsalan Shahla and Verity Ratcliffe, Bloomberg
China National Petroleum Corp. is no longer a partner in Iran’s biggest natural gas project, and the Persian Gulf nation will develop Phase 11 of the giant South Pars field on its own, Oil Minister Bijan Namdar Zanganeh said.
BP’s Bernard Looney takes oil major into energy transition
Anjli Raval, Financial Times
New chief must spell out group’s strategy amid climate-change pressure.
Oil Companies Ponder Climate Change, but Profits Still Rule
Stanley Reed, The New York Times
Most large oil companies no longer deny the connection between burning fossil fuels and climate change. In fact, they are scrambling to position themselves to be seen as part of the solution to what is increasingly seen by worried citizens as a major threat.
Oil Shipping Costs Surge, Threatening U.S. Exports
Ryan Dezember, The Wall Street Journal
The cost of chartering a very large crude carrier, or VLCC, to ferry oil from the U.S. Gulf Coast to Asia has surged to $10 million, or $5 a barrel—about twice the price before the attacks in Saudi Arabia, according to analysts.
Utilities and Infrastructure
PG&E says it has $34.45 billion in debt financing for reorganization
Jim Christie, Reuters
PG&E Corp said in court papers on Friday it has debt financing commitments of $34.35 billion for a planned Chapter 11 bankruptcy reorganization, countering a group of noteholders that has proposed its own reorganization plan for the California power producer.
3,204 MW of solar, gas canceled in ERCOT, but 284 MW OK’d for operation
Mark Watson, S&P Global Platts
Generation developers canceled 15 projects totaling 3,204 MW of capacity in September, a new Electric Reliability Council of Texas Generation Interconnection Status report shows, but a 100-MW natural gas plant and a 184-MW wind farm were approved for commercial operation.
From the Rooftops, Big Box Stores Are Embracing Solar
Bruce Horovitz, The New York Times
Target is so serious about being viewed as a friend of the planet that by November, the company said, it will have erected rooftop solar panels on 500 of its stores in the United States.
Harley struggles to fire up new generation of riders with electric bike debut
Rajesh Kumar Singh, Reuters
But as Harley ships its first “LiveWire” bikes – priced at $29,799 – to dealers, there is little evidence the 116-year-old brand is catching on with new young customers.
Coal Baron Robert Murray’s Companies Edge Closer to the Brink
Soma Biswas and Alexander Gladstone, The Wall Street Journal
Murray Energy, which expanded even as other producers collapsed into chapter 11, last week entered a forbearance agreement with it lenders after skipping an interest payment on $1.7 billion in debt.
Utility Giant Sets Up Critical Test For Top 2020 Democrats On Nuclear Power
Alexander C. Kaufman, HuffPost
Duke Energy, headquartered in Charlotte, North Carolina, said it plans to submit its renewal applications for reactors at six power plants in the Carolinas starting in 2021, which could put those decisions in the hands of a new White House if a Democrat unseats President Donald Trump next year.
New York City Wants to Put a Climate Change ‘Laboratory’ on Governors Island
Christopher Flavelle, The New York Times
The plan, which is still in its early stages, calls for making Governors Island “a major center for climate adaptation research, commercialization, conversation and policymaking,” according to a request for proposals that the city sent to contractors and that was reviewed by The New York Times.
Opinions, Editorials and Perspectives
The Power Grid Is Evolving. Cybersecurity Must Too
Neil Chatterjee, Fortune
Securing our nation’s critical infrastructure is a complex and multi-faceted problem. But simply piling on more mandatory standards on industry isn’t the solution.
Access and preservation key to the New River Gorge
U.S. Sen. Joe Manchin (D-W.Va.), The Register-Herald
West Virginians share a deep appreciation for our wild and wonderful backyard, and the New River Gorge and surrounding areas are some of our most treasured playgrounds.
World leaders are failing our future generations on climate change
Editorial Board, The Washington Post
In 2015, international negotiators struck the Paris climate agreement. Nearly four years later, it remains the world’s most promising tool to get all the planet’s major carbon dioxide emitters working together to cut the heat-trapping gases they release into the atmosphere.
Is the U.S. Oil Industry Dominant? On the Verge of Oblivion? Neither
Robert L. Kleinberg, The New York Times
That strength comes, in part, from a very large, newly developed resource known as tight oil. Tight oil is a light crude oil extracted by horizontal drilling and massive hydraulic fracturing, or fracking.
Management of Controlled Substances at Los Alamos National Laboratory
Energy Department Office of Inspector General
We found that Los Alamos had not managed controlled substances in accordance with applicable Federal laws and regulations. Our inspection also found that Los Alamos possessed mislabeled procurement records, inaccurate inventories, and retained controlled substance inventories well beyond the conclusion of experiments.