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New Mexico native will oversee the state’s $49B savings portfolio amid windfall from petroleum

SANTA FE, N.M. (AP) — A state cabinet secretary and former economist to the Legislature was selected Wednesday to oversee New Mexico’s $49 billion nest egg of savings and trust accounts at the State Investment Council. As state investment officer, Albuquerque...

Biden’s hydrogen tax credit unveiled as administration tries to jump start industry

WASHINGTON (AP) — The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil...

Nevada tribe says coalitions, not lawsuits, will protect sacred sites as US advances energy agenda

  By Scott Sonner in Reno RENO, Nev. (AP) — The room was packed with Native American leaders from across the United States, all invited to Washington to hear from federal officials about President Joe Biden’s accomplishments and new policy directives aimed...

Angola is leaving OPEC oil cartel after 16 years after dispute over production cuts

LONDON (AP) — Angola announced Thursday that it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the African nation’s oil minister, said Angola “does not gain...

Trans Mountain project costs ‘reasonably and justifiably incurred:’ Crown corporation

The company building the Trans Mountain pipeline expansion has submitted evidence to support its claim that oil companies must pay more in tolls in light of the pipeline project’s mounting costs. In a new regulatory filing, Trans Mountain Corp. calls the...
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