GDPNow, link here. - 1.8.
California: PSX will close its San Pedro (Lost Angeles) refinery later this year. Link here.
Headlines:
- NVDA, link here:
- India's oil import dependence hits an all-time high.
- green activists suffer big losses in court; link here to The WSJ.
The oil-and-gas industry is landing blow after blow against climate activists.
The Trump administration has cranked out approvals of major projects to ship liquefied natural gas from the Gulf Coast and killed a host of climate-related initiatives. Meanwhile, Texas billionaire Kelcy Warren has won a nearly $700 million verdict against Greenpeace that could spell the end of the group’s U.S. presence.
These are major setbacks for green groups. They have opposed new exports of U.S. natural gas, sought to stop new pipelines and asked the government to step up support of communities affected by climate change. The defeats herald the challenges that activists face as President Trump and his allies move to expand fossil fuels’ footprint here and abroad.
- February house sales surprise on the upside, link here:
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