Energy

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Japan to Release Fukushima Wastewater From Aug. 24, PM Says

Japan will begin a contentious plan to release treated wastewater from the wrecked Fukushima nuclear plant into the Pacific Ocean on Aug. 24.

By Shoko Oda and Yuki Hagiwara

Biden Pushes New Curbs on Offshore Oil to Safeguard Gulf Whales

The Biden administration is pushing new constraints on offshore drilling and related activities in parts of the Gulf of Mexico inhabited by the Rice’s Whale, which industry leaders say could curtail oil development.

Public Shale Mergers in Favor After Permian Deal, Analyst Says

Permian Resources Corp. agreeing to acquire Earthstone Energy at a $4.5 billion enterprise value shows there’s growing appetite for public deals in US shale following multiple large private equity transactions this year, which may no longer be appealing, analyst Enverus says.

Clean Energy Industry Urges IRS to Rework Direct Pay Rules

The US clean energy industry in a public hearing Monday encouraged the Treasury Department and the IRS to make adjustments to proposed rules on the direct payment of clean energy tax credits.

Nickel Firm Eyes Texas for $400 Million EV Battery-Metal Plant

A Luxembourg-based firm that’s harnessing microwave technology to recover metals is looking to build a $440 million refinery in Texas to help quench demand for a key ingredient in electric-vehicle batteries.

Sunlight Financial Leadership Hid Supply Chain Issues, Suit Says

A shareholder of Sunlight Financial Holdings Inc. sued the company’s executives and directors, alleging that they misled investors about supply chain challenges and cash advances paid to contractors for more than a year.

BlackRock, Taconic Capital Eye Deal on Puerto Rico Utility Debt

Puerto Rico’s bankrupt utility, which needs to restructure nearly $9 billion of debt, is closing in on a deal with at least two bondholders as soon as this Friday.

Healthy Gulf and Sierra Club Challenge FERC-Approved Pipelines

Healthy Gulf and the Sierra Club challenged the Federal Energy Regulatory Commission’s approval of pipelines intended to supply gas to an export facility in Southwest Louisiana.

Permian Resources to Acquire Earthstone for $2 Billion

Permian Resources Corp., a US oil producer named after the shale basin in which it operates, agreed to acquire Earthstone Energy Inc. for about $2 billion through an all-stock takeover.

Shell Is Said to Receive Final Bids for UK North Sea Gas Assets

Shell Plc has whittled down bidders for its southern North Sea gas fields to three final contenders, according to people with knowledge of the matter.