Last updateMon, 19 Aug 2019 4pm

Nuclear Decline Threatens Safety, Climate Goals

The future of nuclear power is uncertain as ageing plants are beginning to close in advanced economies, partly because of policies to phase them out but also as a result of economic and regulatory factors. Without policy changes, advanced economies could lose 25% of their nuclear capacity by 2025 and as much as two-thirds of it by 2040, according to a new report by the International Energy Agency, Nuclear Power in a Clean Energy System.

Canadian Oil Sands Sees Influx of Texas Money

“Texas money is flowing into a small corner of Canada’s oil sands at a time when big international companies are pulling out,” Bloomberg reports.

“Investment in Western Canada’s oil patch has been declining since global oil prices started to collapse in 2014. A shortage of export pipelines made things worse last year, causing local crude prices to plunge and prompting the provincial government to impose output caps.”

U.S. Chemical Production Gained in April

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.3% in April, following a 0.3% decline in March and a 0.2% decline in February. During April, chemical output was higher across all regions.

Chemical production was mixed over the three-month period. There were gains in the production three-month moving average (3MMA) output trend in organic chemicals, plastic resins, adhesives, coatings, other specialty chemicals, industrial gases, synthetic dyes and pigments, crop protection chemicals, and consumer products. These gains were offset by declines in the output of synthetic rubber, fertilizers, manufactured fibers, and other inorganic chemicals.

U.S. Lifts Steel Tariffs on Canada and Mexico

The Trump Administration decided to lift tariffs on steel and aluminum imports, under Section 232, on Canada and Mexico.

“By lifting these burdensome tariffs and not replacing them with quotas, the Administration is enabling construction projects and the jobs that support them to move forward without fear of supply chain disruptions,” said Kyle Isakower, API vice president for economic and regulatory policy.

Freeport LNG Expansion Receives FERC Approval

Freeport LNG has received approval from the Federal Energy Regulatory Commission (FERC) to site, construct and operate its fourth natural gas liquefaction train, to be integrated into its existing natural gas liquefaction and LNG export facility on Quintana Island near Freeport, TX. Approval from the Department of Energy for the export of Train 4 volumes to non-Free Trade Agreement countries is anticipated later this quarter.

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