Tag Archives: energy industry

Texas Will Not Reverse $16 Billion Power Overcharges During Freeze

Charles Kennedy
Oil Price

March 8, 2021

The Public Utility Commission of Texas has rejected a proposal to retroactively reverse the market pricing for electricity that resulted in ERCOT overcharging the Texas electricity market by US$16 billion during the Texas Freeze in February.  

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Biden Admin Sued For Halting Federal Oil And Gas Leasing

Martin Walsh
Conservative Brief

January 28, 2021

The Biden administration was hit with an immediate lawsuit Wednesday over its decision to halt oil and gas leasing on federal lands and waters.

The Western Energy Alliance, a group representing fossil fuel producers active on federal lands, sued in the U.S. District Court for the District of Wyoming, alleging President Biden exceeded presidential authority.

Kathleen Sgamma, president of the Alliance, described Biden’s action as a “ban,” despite his administration describing the order as a temporary moratorium on leasing while the administration reviews how to better balance oil and gas with developing renewables on federal lands and waters.

The administration did not provide a timeline for when the pause would end.

“The law is clear. Presidents don’t have the authority to ban leasing on public lands. All Americans own the oil and natural gas beneath public lands, and Congress has directed them to be responsibly developed on their behalf,” Sgamma said.