New board in place, US utility turns to clean energy study

By Jonathan Mattise in Nashville NASHVILLE, Tenn. (AP) — Under a new board majority picked by President Joe Biden, the nation’s largest public utility on Thursday reacted to a drumbeat of concerns about not meeting the Biden administration’s own power...

Alaska carbon plan: Boost state coffers without cutting oil

By Becky Bohrer in Juneau JUNEAU, Alaska (AP) — Oil-dependent Alaska has long sought ways to fatten its coffers and move away from the fiscal whiplash of oil’s boom-and-bust cycles. The newest idea, promoted by Republican Gov. Mike Dunleavy, would have the state...

UK energy giant BP’s profits double to $27.7 billion

LONDON (AP) — British energy firm BP reported record annual earnings Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia’s invasion of Ukraine. London-based BP said underlying...

Europe bans Russian diesel, other oil products over Ukraine

  By David Mchugh in Frankfurt FRANKFURT, Germany (AP) — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment...

G-7, Europe reach deal for price cap on Russian diesel

By Raf Casert And David Mchugh in Brussels BRUSSELS (AP) — U.S. Treasury Secretary Janet Yellen said Friday that industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition...