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US ENERGY UPDATE | February 29, 2024 View this email in your browser
Woodside Energy Annual Net Profit Falls 74%, Payout Ratio Steady
The annual result is the first by Woodside since the collapse of talks with Santos over a merger that would have created a global gas giant worth some $57 billion. Woodside pursued a deal because it believes that demand for liquefied natural gas will remain strong as governments push for an end to coal use and seek reliable energy supply.
The Next ‘Texas Miracle’ is Coming
By 2050, Texas’ energy output could surge by as much as 59%, propelled by both hydrocarbon and renewable sources. This expanded production would generate 4 million new jobs here in Texas, creating opportunities for more Texas families to share in this economic growth.
$160 Million Grant to go Toward Funding Louisiana’s Energy Transition, Creating New Jobs
Louisiana is the epicenter of the energy transition for our country,” Louisiana Energy Transition Engine Principal Investigator Andrew Maas said.”This is a testament from our federal government that Louisiana is important to our energy security and infrastructure for our country.”
This Bill Shifts Costs to Utahns for Wildfire Insurance Claims and Keeping Coal Plants Running
A bill moving through the Utah Legislature would give Rocky Mountain Power a powerful incentive to keep its coal plants in the state running: Utah customers would assume the costs and risks.
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