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California Leads 13 States in Lawsuit Over Canceled Clean Energy Funds February 19, 2026
A dozen states, led by California, are suing the federal government for the cancellation of billions in funding for alternative energy projects approved by Congress. The suit was filed with a District Court in California, with the plaintiffs—a total of 13 states—alleging that “the termination and abandonment of funding violate the constitutional separation of powers, […]
U.S. to Redirect Venezuelan Oil Royalties Into a Treasury-Controlled Fund February 19, 2026
Energy companies that want to produce crude oil in Venezuela will be paying local taxes and fees to the Venezuelan government, but royalty payments and federal taxes will go into a fund managed by the United States, the Treasury Department has said. Citing a Frequently Asked Questions section yet to be published on the Treasury’s […]
After Years of Buybacks, Big Oil is Drilling Again February 19, 2026
After years of prioritizing returning cash to shareholders, oil supermajors are about to do something few expected: turning to growth as a top priority. The reason: contrary to dominant expectations, oil and gas will continue to be needed for decades. For years, analysts from some of the most reputable organizations have been predicting a pending […]