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GOP urges SCOTUS to reject 'war on American energy' they say would hit families' wallets

FIRST ON FOX: More than 70 lawmakers are lining up against a Colorado county's effort to hold major oil companies financially liable for alleged climate change damages. The group of House Republicans led by House Majority Leader Steve Scalise, R-La., is calling on the Supreme Court to side with ExxonMobil and Suncor Energy in a hotly contested climate change lawsuit that they argue amounts to a costly "war on American energy." The GOP lawmakers have characterized Boulder County’s lawsuit as...

Fox News Politics 8d ago

GOP urges SCOTUS to reject 'war on American energy' they say would hit families' wallets

FIRST ON FOX: More than 70 lawmakers are lining up against a Colorado county's effort to hold major oil companies financially liable for alleged climate change damages. The group of House Republicans led by House Majority Leader Steve Scalise, R-La., is calling on the Supreme Court to side with ExxonMobil and Suncor Energy in a hotly contested climate change lawsuit that they argue amounts to a costly "war on American energy." The GOP lawmakers have characterized Boulder County’s lawsuit as...

Fox News 8d ago

The back-channel bid to go soft on Maduro

When Marco Rubio was named secretary of State, many in both South Florida Republican circles and the American energy industry exulted. But one man who bridged both worlds knew he had a problem. A longtime investor in Venezuela, the main source of crude oil needed to produce the asphalt that had made his family rich, Harry Sargeant III kept relations with top officials in Caracas even as they seized most foreign oil holdings.

Politico EU 2d ago

JPMorgan Sees May as CPI ‘High-Water Mark’ With Fed Set to Hold

JPMorgan Sees May as CPI ‘High-Water Mark’ With Fed Set to Hold JPMorgan Asset Management’s David Kelly predicted the Federal Reserve will decide that the latest inflation data aren’t worrisome enough to prompt policymakers to do anything other than stand pat on interest rates next week. May’s reading of the consumer price index accelerated to the fastest in more than three years as the Iran war pushed up energy prices, outstripping Americans’ pay gains. But an underlying measure, which...

Bloomberg Markets 48m ago

'US firms benefit from Hormuz closure': Russian oil company chief's big claim amid Iran war

Rosneft chief executive Igor Sechin on Saturday said American energy companies were the biggest beneficiaries of the closure of the Strait of Hormuz, while warning that prolonged disruption in the vital shipping route could ultimately undermine global oil demand and accelerate interest in alternative energy sources, as per Reuters. Speaking at the St. Petersburg International Economic Forum, Sechin argued that the closure of the strategic waterway, through which around one-fifth of global...

Times of India 4d ago

Trump announces $700m coal investment using wartime powers

The president is directing money into coal as the Iran war drives up energy costs for Americans.

BBC News 5d ago

Trump announces $700m coal investment using wartime powers

The president is directing money into coal as the Iran war drives up energy costs for Americans.

BBC News 5d ago

Trump announces $700m coal investment using wartime powers

The president is directing money into coal as the Iran war drives up energy costs for Americans.

BBC Business 5d ago

Trump announces $700m coal investment using wartime powers

The president is directing money into coal as the Iran war drives up energy costs for Americans.

BBC Business 5d ago