TransCanada will proceed with the Keystone XL pipeline after an open season attracted about 500,000 barrels per day of firm, 20-year commitments. The company hopes to begin construction in 2019, but the project still faces at least one major challenge in Nebraska, where a state regulator approved an alternative route for the pipeline in November, making the company vulnerable to legal action from opponents and landowners.
Nike has signed a long-term power purchase agreement to buy 86 megawatts of energy from Avangrid Renewables' 286-MW Karankawa Wind Farm in Texas. "With this agreement, Nike will source 100% renewable energy across our owned or operated facilities in North America," said Hannah Jones, Nike chief sustainability officer and vice president of the Innovation Accelerator.
Supermarkets in the UK have to report their annual plastics footprint, but this number isn't made public. Labour leaders and activists are trying to change those rules to better identify the who is driving plastics waste and to pressure them to change.
The combination of the tax bill, strong gasoline and diesel demand and higher oil prices gave US refiners a boost at the end of 2017, with margins expected to stay healthy through the first half of 2018. However, US refiners are facing increasing competition from China and Saudi Arabia while record-high refinery run rates could cause another glut of products.
With more than 20 new frac sand mines planned for the Permian Basin this year, Texas sand threatens to take away as much as 50% of Wisconsin's market share because it's cheaper, easier to mine and more accessible to shale drillers. However, some oil and natural gas companies still prefer to pay more for Wisconsin sand, as its higher quality allows producers to drill deeper and extend the life span of oil wells.
US crude stockpiles fell by 6.9 million barrels last week, beating analyst expectations for a 425,000-barrel drop, according to the Energy Information Administration. Gasoline supplies were up by 3.6 million barrels, while distillates plunged by 3.9 million barrels.
Sens. John Hoeven, R-N.D., Mike Lee and Orrin Hatch, both R-Utah, and John Barrasso and Mike Enzi, both R-Wyo., put forward legislation to streamline federal oil and natural gas permitting by giving states more control over oil and gas development on federal lands within their own boundaries.
Global investments in clean energy hit $333.5 billion in 2017 and are expected to reach $330 billion in 2018, according to Bloomberg New Energy Finance Chief Editor Angus McCrone and his analysts. Senior Analyst for Wind Tom Harries added that the global market for wind would continue a slow climb in 2018, with new installations likely totaling 59 gigawatts.
Legislation recently signed into law by President Donald Trump sets new rules for wind development near military installations, and specifically gives military leaders more influence over the siting of turbines within designated air corridors. American Wind Energy Association spokesman John Collison said the industry supports the legislation, and that wind developers already work carefully with the military to ensure the two sectors can coexist.
The Juniata Township Planning Commission in Michigan has granted NextEra Energy a special land use permit for its proposed 156-megawatt, 63-turbine Pegasus Wind Energy Center slated for Juniata and Fairgrove townships. "The Pegasus Wind project has the potential to bring significant economic and clean energy benefits to the area, and we look forward to continue to work through the permitting process so we can build the project and bring it online this year," said NextEra Energy Resources Manager of Communications Bryan Garner.
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