APS aims to run on carbon-free energy by 2050
Arizona’s largest public utility is gearing up to close its coal plants, eventually move off natural gas and move to carbon-free technology during the next 30 years to power its customers.
Drilling fees could go up from $5K to $12.5K in Pennsylvania
A previously announced increase in the drilling of natural gas wells in Pennsylvania was approved Tuesday.
The Pittsburgh Post-Gazette reported that the Environmental Quality Board approved the proposal by the Department of Environmental Protection that would increase the fees from $5,000 per well to $12,500 per well.
The permit still needs approval from General Assembly committees and the Independent Regulatory Review Commission, the Post-Gazette said.
Triad fabric marketer earns award for achieving landfill-free status at local plant
High Point-based Culp Inc. (NYSE: CULP), one of the world’s largest marketers of mattress fabrics for bedding and upholstery for residential and commercial furniture, has achieved zero landfill status at one of its Triad plants and is progressing toward 100% company-wide sustainability practices.
Culp Home Fashions, the company’s mattress fabrics division, announced on Tuesday it has earned the 2019 Sustainability Award from ICE Recycling, its recycling partner based in Lake City, South Carolina.…
McDermott bankruptcy comes after fight between bondholders and lenders
The company’s bondholders wanted equity in the reorganized company, and they were willing to fight to get it.
South Texas Drilling Permit Roundup: Deep-rooted Midland driller returns to South Texas
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.
Phillips 66 backs out of renewable diesel project
Houston’s largest publicly traded company, Phillips 66 (NYSE: PSX), has cancelled plans with a joint venture partner to build a renewable diesel plant in the Northwest U.S.
Phillips 66 and Renewable Energy Group Inc. (Nasdaq: REGI) have pulled out of the Washington project after the partners faced permitting delays and other uncertainties, Phillips 66 said in a press release. The project would have built a 250 million-gallon-per-year renewable diesel refinery near Phillips 66’s existing refinery…
PGE shift lifts hopes for $800M pumped storage project
Utility proposes moving quicker than originally planned to explore plugging a long-term capacity gap.
Microsoft hopes to guide the way for greener business, says chief environmental officer
Chief Environmental Officer Lucas Joppa said Microsoft’s biggest sustainability challenge will be making sustainable technology available to companies that have relatively fewer resources.
Texas energy data wrap: Houston energy jobs still down from peak
Crude oil prices are expected to trend downward in the first part of this year, lending no reprieve to companies whose business plans depended on higher commodity prices. At the same time, the oil and gas rig count bounced off of its lowest point since March 2017 last week, partly due to the tighter capital budgets among companies in the upstream business.
Read more about these and other data points to know in Texas energy this week:
Companies in the energy industry employed more than 260,500…
Fortune lists several local companies among ‘World’s Most Admired’
Seven Charlotte-area corporations — including Nucor Corp., Bank of America Corp., Honeywell International Inc. and Duke Energy Corp. — appear on Fortune magazine’s newly released list of the “World’s Most Admired Companies.”
None of the local companies made the top 50 “All Stars” list. Companies not among the top 50 are not listed by ranking, making it difficult to determine their spots.
But the list ranks each company within its industry. Nucor (NYSE: NUE) ranked first among four companies…
