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Search resuls for: "Lukas Ross"


2 mentions found


☆ Schumer and Other Senate Democrats Call for a Federal Probe of Huge Oil Deals by Exxon and Chevron
  + stars: | 2023-11-01 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +4 min
WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are urging federal regulators to investigate multibillion-dollar acquisitions by oil giants ExxonMobil and Chevron, saying the deals could lead to higher prices at the gas pump. “These deals are likely to harm competition, risking increased consumer prices and reduced output throughout the United States,'' the senators wrote. Chevron, Exxon and other oil companies have announced huge profits from strong energy prices and demand since Russia’s invasion of Ukraine in February 2022. Exxon reported $9.1 billion in profits in the quarter that ended Sept. 30, while Chevron reported $6.5 billion in profits. Environmental groups hailed the call for an investigation of what some called “merger mania” within the oil industry that threatens competition.
Persons: Chuck Schumer, Exxon's, Chevron’s, Minnesota Sen, Amy Klobuchar, Elizabeth Warren of Massachusetts, Bernie Sanders, Chevron, Hess, Lukas Ross, ”, ” API's Bethany Williams, Schumer Organizations: WASHINGTON, ExxonMobil, Chevron, Federal Trade Commission, Natural Resources, Hess Corp, Exxon, FTC, Resources, Big Oil, American Petroleum Institute, Senate Commerce, Science, Transportation Locations: United States, Minnesota, Sens, Vermont, Ukraine, Texas, U.S, New York
☆ Biden admin greenlights LNG exports from Alaska project - document
  + stars: | 2023-04-14 | by ( Timothy Gardner | ) www.reuters.com   time to read: +2 min
REUTERS/Shannon StapletonCompanies Conocophillips FollowWASHINGTON, April 13 (Reuters) - The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia. The Alaska LNG project includes a liquefaction facility on the Kenai Peninsula in southern Alaska and a proposed 807-mile (1,300-km) pipeline to move gas stranded in northern Alaska across the state. The Biden administration modified the previous approval to prohibit venting of the greenhouse gas carbon dioxide associated with the project into the atmosphere. The Biden administration last month approved the ConocoPhillips (COP.N) $7 billion Willow oil and gas drilling project on Alaska's North Slope. The Biden administration is trying to approve more U.S. LNG exports as it competes with Russia, traditionally one of the world's largest energy exporters.
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