Your Daily Energy News
View this email in your browser ([link removed])
DAILY ENERGY NEWS | 06/27/2023
Subscribe Now ([link removed])
** Pick a target, freeze it, personalize it, and polarize it.
------------------------------------------------------------
Axios ([link removed]) (6/25/23) reports: "BlackRock CEO Larry Fink said he's no longer using the term 'ESG' (environment, social and governance) because it is being politically 'weaponized' and he's 'ashamed' to be part of the debate on the issue. Why it matters: How the world’s largest asset manager frames its investment approach is a leading indicator for the market. BlackRock manages $9.2 trillion. What we're watching: Fink's latest statement is sure to generate plenty of controversy. The backstory: BlackRock's bullish outlook on responsible environmental, social and governance investing is being blasted by conservatives as 'woke capitalism' and has drawn boycotts from Florida and Texas. Fink has been a major proponent of factoring in climate change risks to investing strategies and corporate leadership. What's new: In a conversation at the Aspen Ideas Festival on Sunday, Fink acknowledged that Florida Gov. Ron DeSantis'
decision to pull $2 billion in assets hurt his firm in 2022, but made clear last year was his company's best with net flows of $200 billion from U.S. clients. What he's saying: 'I'm ashamed of being part of this conversation,' Fink said."
[link removed]
** "The Department of the Interior and the president are on a path to eliminate the very source of revenue that underwrites conservation programs...At a time when the National Park Service is facing a double-whammy of sky rocketing maintenance costs since President Biden took office and higher red tape, the need has grown from $22 billion a few years ago to $38.2 billion today.”
------------------------------------------------------------
– Kathleen Sgamma, Western Energy Alliance ([link removed])
============================================================
“Mildly” 😬
** ([link removed])
The government needs to give Ford a massive amount of money because EVs are expensive.
** The Verge ([link removed])
(6/27/23) reports: "he Ford F-150 Ligthing’s short, roughly year-and-a-half on the car market hasn’t been completely flawless. It became a fire risk for a few weeks, causing the manufacturer to both idle the production plant and place a stop-sale on the truck until the issues were sorted. Ford says that manufacturing issues from its supplier SK On had caused some trucks to be built with defective batteries, but that was all sorted after a few weeks. According to Tim Bartz, those fires didn’t affect the demand or confidence too much for interested parties, aside from delaying the fulfillment of orders. The real detriment to the F-150 Lightning’s buyers’ confidence is far less complicated. The Ford F-150 Lightning is just too expensive. 'What we’re seeing is that we are having a lot of customers just canceling theirs,' said Bartz, podcaster and internet sales manager at Long McArthur Ford in Salina, Kansas. He explained that of the 135 or so reservations he’d received, about 40 reservation
holders have canceled. 'Ford advertised a $40,000 electric vehicle, and that attracted a lot of people. Now we’ve seen price increases, and those people are like, ‘I’m out,'" said Bartz via phone call. "
One of the last reasons to visit NYC getting outlawed by the green police.
** ([link removed])
Energy Markets
WTI Crude Oil: ↓ $69.08
Natural Gas: ↑ $2.79
Gasoline: ↓ $3.56
Diesel: ↓ $3.87
Heating Oil: ↑ $246.96
Brent Crude Oil: ↑ $73.83
** US Rig Count ([link removed])
: ↓ 707
** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])
** Suite 525 ([link removed])
** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])
** unsubscribe from this list ([link removed])
