Energy Update
HOUSTON, Jan 20 (Reuters) - Commodities trader and investor
TrailStone Group has purchased Cargill Inc's gas and power
trading group, three sources familiar with the deal said this
week.
At about noon on Friday January 20, immediately after Donald J. Trump took his oath and became President Trump, all references to climate change and renewable energy were removed from the whitehouse.gov URL: https://www.whitehouse.gov/energy/climate-change
CARACAS, Jan 20 (Reuters) - Venezuelan consumer prices rose
800 percent in 2016 while the economy shrank 18.6 percent,
according to preliminary central bank figures seen by Reuters,
the sharpest economic contraction in 13 years and the worst
inflation reading on record.
SAN FRANCISCO, Jan 20 (Reuters) - California released an
ambitious plan to cut the state's output of heat-trapping
greenhouse gas emissions on Friday, the same day that
newly-minted Trump administration signaled it will undo federal
U.S. carbon regulations.
WASHINGTON, Jan 20 (Reuters) - Donald Trump's administration
is committed to eliminating Barack Obama's Climate Action Plan
and other environmental initiatives to help boost the oil and
gas industry, according to a statement posted on the White House
website on Friday.
Jan 20 (Reuters) - Over a dozen landowners in North Dakota
have filed a lawsuit against a company involved in the
development of the Dakota Access Pipeline, charging they were
misled into accepting unfair compensation for allowing the
pipeline to cross their land, according to court documents.
SAN FRANCISCO, Jan 20 (Reuters) - California environmental
officials released an ambitious plan on Friday that seeks to cut
the state's output of heat-trapping greenhouse gas emissions by
40 percent below 1990 levels by 2030.
(Adds rigs in the Permian and Cana Woodford basins in
paragraphs 5-6, total oil and gas rig count in paragraph 12)
Jan 20 (Reuters) - U.S. energy companies this week added the
most oil rigs in nearly four years, extending an eight-month
recovery as drillers take advantage of a deal by OPEC to cut
supplies that has boosted prices over $50 a barrel since early
December.
Drillers added 29 oil rigs in the week to Jan. 20, bringing
WASHINGTON, Jan 20 (Reuters) - The administration of
President Donald Trump is committed to eliminating former
President Barack Obama's Climate Action Plan and other
environmental initiatives, according to the recently updated
White House website.
This is the day we’ve been waiting for. Though not in the way we usually mean it. With Donald Trump now sworn in as the 45th president of the United States, it is the day most anyone with an interest in climate change and energy has been anticipating, preparing for, and significantly dreading, ever since we awoke November 9 to an unfathomable election result. For some of us, it will be a moment we’ve been training for, for most of our lives.
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