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Your Weekly Energy News Roundup
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US ENERGY UPDATE | September 26, 2024 View this email in your browser
The Two Big Insurers Still Betting on Fossil Fuels
A deep divide is emerging among insurers over their investments in fossil fuels. The overall industry has significantly cut its exposure, but two huge players have made multibillion-dollar bets on major oil companies.
Louisiana’s poorest might see higher energy costs from natural gas business deal
Entergy Louisiana and New Orleans customers are currently charged for both gas and electric services in a single utility bill each month. But the potential sale of their natural gas operations to Bernhard Capital Partners’ new subsidiary, Delta Utilities, could produce two bills instead of one — and possibly charge more for gas.
Lawsuits allege deadly 2021 Texas blackouts were an inside job
But CirclesX attorneys charged that the harm to Texans had happened long before that legislative process began. Its suit comes on the heels of courts in Oklahoma and Arkansas finding market manipulation by pipeline companies during Winter Storm Uri — as well as a wave of other suits that allege manipulation in Texas.
Tennessee ranks near bottom for solar energy production in the Southeast
TVA has an “institutional bias” against renewable energy, according to the report, which said TVA has an opportunity to significantly increase both its solar and transmission capacity with upcoming long-term planning processes and Inflation Reduction Act incentives.
Ohio drought renews worries about massive use of water for fracking
It’s a scenario some environmentalists anticipated years ago, saying that climate change will require state and local officials to more carefully regulate the use of water for oil and gas extraction.
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