EIA Takes Steps to Improve Accuracy of Skewed Crude Oil Data
The Energy Information Administration announced changes to the way it calculates crude oil supply and disposition after its 2022 estimates proved to be overstating demand and understating production.
Coal Miner Sent to Arbitration for $115 Million Fire Damage Claim
A group of international insurers won their bid to send a coal company’s $115 million fire damage claim to arbitration after a court held that Missouri law doesn’t prohibit arbitration clauses protected by foreign treaties.
Treasury to Release More Biden EV Tax Credit Rules Next Week
The Biden administration is preparing to release next week a swathe of requirements to claim electric vehicle tax credits worth up to $7,500, including standards for the batteries and critical minerals that are meant to encourage more North American production and cut out supplies from China.
Billions of EV Battery Aid in Balance as US Tweaks Climate Rules
The interpretation of a few words of regulation by the US Treasury Department could upend expectations for how tens of billions of dollars in new electric-vehicle tax incentives will be distributed, according to Bloomberg discussions with a dozen manufacturing executives, battery analysts and government officials.
DOE Opens Applications for Two Hydroelectric Power Initiatives
The Department of Energy has announced over $200 million toward expanding hydroelectric power and has opened the application period for two hydroelectric incentives, according to DOE Wednesday.