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According to Politico, pro-Trump groups are preparing to urge the Federal Communications Commission (FCC) to revoke Disneys (DIS.N) broadcasting license. This move would further continue the actions of the agencys chairman, Brendan Carr, who has been punitive towards media critics whom Trump deems worthy of his attention.On June 29, Zhu Anqing, spokesperson for the East China Sea Branch of the China Coast Guard, stated that on June 29, the Fujian Coast Guard conducted routine law enforcement patrols in the waters near Kinmen. Since June, the Fujian Coast Guard has organized naval fleets to continuously strengthen control over relevant sea areas, effectively safeguarding the legitimate rights and interests and the safety of life and property of fishermen on both sides of the Taiwan Strait, and effectively ensuring normal navigation and operation order in the Xiamen-Kinmen waters.Australian Treasurer Charles Chalmers: Labors fuel tax cut plan was just passed by Parliament in July, saving approximately $11 per fill-up. This is one of our measures to ease the pressure on the cost of living. A new round of tax cuts for all taxpayers will also begin this Wednesday.On June 29, according to the New York Times, shortly after taking over as Chairman of the Federal Reserve, Warsh wrote to the central banks more than 20,000 employees outlining how he would lead the institution, which he has long advocated for radical reforms. In a letter dated June 2, Warsh pledged to foster "open and sober discussions about the Feds strategy, policies, and operations." At the heart of Warshs strategy is a series of special task forces focused on five areas he considers "key to the broad implementation of monetary policy." These areas include: the Feds communication methods; its $6.7 trillion portfolio of government bonds and mortgage-backed securities (MBS); its preferred data sources; productivity trends and employment; and the models and measures used to assess inflation. According to sources, Warsh will release more details about these task forces in the coming weeks. The goal is to complete the work by the end of the year, after which policymakers will consider what reforms should be implemented and how. Each task force will be led by several outsiders personally selected by Warsh, assisted by specific staff members chosen from within the Fed.According to the New York Times, Federal Reserve Chairman Warsh will release more details about the working group in the coming weeks.

ConocoPhillips Is Questioned by US Senators on A Gas Leak in Alaska

Aria Thomas

Apr 27, 2022 09:32

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Representative Raul Grijalva, chairman of the House Committee on Natural Resources, and two other Democrats wrote to Ryan Lance, chairman and CEO of ConocoPhillips, inquiring why it took a month to locate and contain a leak at the company's Alpine field.


More than 7.2 million cubic feet of natural gas escaped from the oilfield last month, the company and officials said. The primary component of natural gas is the strong greenhouse gas methane.


Alpine's oil production was temporarily reduced by nearly a third as a result of the spill. Alpine is one of the largest conventional onshore oil fields constructed in North America in the last 25 years. ConocoPhillips stated in a video 


Additionally, the senators questioned why the firm evacuated approximately 300 of its own employees while publicly denying the leak posed a threat to human health and safety.


"Was this leak on the verge of developing into something more serious, such as a rupture or explosion?" According to the letter.

 

Citing claims that the primary cause of the leak was an uncemented well, they inquired, "Is it typical industry practice to build uncemented wells?"


Grijalva enquired about the leak's ramifications for ConocoPhillips' proposed Willow project within the National Petroleum Reserve-Alaska, a 23 million-acre (9.3 million-hectare) area on Alaska's North Slope that is the country's largest undeveloped public territory. Grijalva's committee is responsible for oil and gas exploration on public lands.


ConocoPhillips is evaluating the letter, according to a company spokeswoman, and Willow has completed "extensive environmental and permitting studies" since 2018.


After reaching a peak of more than 2 million barrels per day in 1988, Alaska's oil production has been declining, harmed by less investment and greater chances in other states' shale formations. According to the US Energy Information Administration, the state produced just 437,000 barrels per day in 2021.


The Willow project is expected to contain 600 million barrels of oil, greater than the US Strategic Petroleum Reserve, the country's emergency stockpile stored in caverns along the Gulf Coast.

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