#BILLYPENNGRAM 3/22/22
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By ANTHONY SALAMONE THE MORNING CALL
Air Products is developing plans and will implement a “safe and responsible divestiture” of its business in Russia, company CEO Seifi Ghasemi said in a statement to employees and released to The Morning Call.
Ghasemi also said the company has decided not to pursue any new business in the country.
“As always, we continue to review developing and applicable sanctions to ensure our ongoing compliance,” he said.
President Joe Biden has not mandated that American businesses exit the country since the war began Feb. 24, but in a video speech Wednesday to Congress, Ukrainian President Volodymyr Zelenskyy urged lawmakers to compel Air Products and other such companies to leave Russia.
Ghasemi’s six-paragraph statement marked the company’s first public comment since a Yale University School of Management report revealed the Lehigh Valley industrial gases giant was one of about three dozen American companies continuing to do business as usual in Russia since its leader, Vladimir Putin, declared war on neighboring Ukraine.
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Some 147 U.S. corporations announced they were pulling out of Russia entirely, according to a recent AP story on the Yale list. That list continues to grow: Baker Hughes, a major oil services company made its announcement Saturday, one day after similar moves by oil rivals Halliburton Co. and Schlumberger.
Another 173 U.S. companies said they would suspend operations in Russia. With support in the West strong for Ukraine, and threats of boycotts of companies still doing business there, roughly another 70 American companies have said they are scaling back operations or holding off new investment but remaining.
Ghasemi’s statement shed light on Air Products’ plans and left little doubt about the Fortune 500 company’s position on the war.
“We continue to be deeply concerned by the tragic human suffering being experienced by the people of Ukraine and the impact it has on many others,” he said. “We condemn actions of war when the world should be making greater efforts for peace.”
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Lehigh Valley’s Air Products to exit Russia Read More »
Opponents say Greenidge Generation’s operation in Dresden adds greenhouse gas, supporters say fuels the new economy

By Rick Karlin Times Union
DRESDEN (NY) – Opponents of what is becoming the state’s best-known and most-controversial crypto-mining facility have enlisted a Columbia University research institute to help explain why New York environmental officials should not renew its current air emissions permit.
The school’s Sabin Center for Climate Change has released a study exploring the legalities of regulating crypto mining and concluded that the Department of Environmental Conservation has the authority to issue, renew or deny air emissions permits from crypto miners who have their own power generation and don’t buy energy from the grid.
Related environmental news stories:
Bitcoin Uses More Electricity Than Many Countries (NY Times)
Every Bitcoin transaction consumes over $100 in electricity (Fortune)
While the logic that a state agency can issue or deny permits may be self-evident, the study represents the latest dispute pitting environmentalists against crypto miners — in this case, the publicly traded Greenidge Generation, which operates a 106-megawatt natural gas plant on Seneca Lake in the Finger Lakes region that powers its crypto-mining operation.
The study also said that Gov. Kathy Hochul could impose a moratorium on new crypto mines powered by Greenidge’s own power plants pending an environmental review — similar in some respects to how Hochul’s predecessor, Andrew M. Cuomo halted hydrofracking from starting in New York. Since then, study author Jacob Elkin notes, the state passed a 2019 law, the Climate Leadership and Community Protection Act, or CLCPA, calling for steep reductions in greenhouse gas emissions in coming years.
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Environmentalists want NY Gov. Kathy Hochul to pull the plug on crypto mining Read More »
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By John Rosevear CNBC
While gas prices have soared in the wake of Russia’s invasion of Ukraine, so have electricity prices – particularly in some parts of the U.S. that have been big markets for Tesla’s EVs.
So, is it still true that it’s much cheaper to “refuel” an EV? CNBC crunched the numbers.
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Cost of charging: EV vs. gas prices Read More »
“We’re not being allowed to do what we do best for what California needs most — local oil,” says Taft Mayor Dave Noerr, standing in an oil field in the city. (Gary Coronado / Los Angeles Times)
By Louis Sahagún Washington Post
TAFT, Calif. — Here amid the dusty hills and deserted main streets of California’s oil country, the last three years have delivered “one kick in the gut after another,” some say.
The coronavirus, wildly fluctuating crude prices, lingering surface spills, Gov. Gavin Newsom’s pledge to transition to a “carbon-neutral” economy, and the recent closure of two local prisons have left many wondering just what the future has to offer in this sere corner of western Kern County.
In recent days, however, that grim outlook has given way to a potent mix of hope, anger and desperation following President Biden’s ban on the importation of Russian oil.
The executive order, which is intended to undermine President Vladimir Putin’s ability to wage war in Ukraine, has contributed to soaring gasoline prices. It has also given oil industry advocates a new cudgel with which to fight California’s pumping restrictions.
“We’re ready to meet this God-given opportunity with expertise and a critical natural resource we’ve got plenty of,” said Dave Noerr, mayor of Taft and a veteran oilman. “But we’re not being allowed to do what we do best for what California needs most — local oil.”
In the fields surrounding such historic oil centers as Taft and McKittrick, a labyrinth of steam pipes, fuel lines, diesel power generators, and dirt roads weave amid countless pump jacks. The air here smells like crankcase oil — as it has for decades — but there is far less activity now than there was just three years ago, and local communities are feeling the pinch.
State oil and gas regulators have denied most new permits to use hydraulic fracturing, commonly called fracking, and similar extraction technologies since 2019, when Newsom began calling for plans to phase out oil production in California, citing the increasingly harmful effects of global warming.
His actions raised ire in petroleum company boardrooms, enraged Kern County officials, and left small-town governments at the southern end of the San Joaquin Valley grappling with shrinking tax rolls.
Newsom has since been named a defendant in lawsuits filed by Kern County and the Western States Petroleum Assn., which accuse him of causing “irreparable harm” to roughly 23,900 people who, directly or indirectly, depend on Kern County’s 76 active oil fields to earn a living. The lawsuits want a judge to declare that his actions are “are null and void and exceed the bounds of the law.”
But now, some see the Russian oil ban as their last, best hope of forcing the state to expand production.
State and federal lawmakers backed by the oil industry have spent the last week pounding Newsom’s anti-oil stance.
Read the full story here
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Russian crude ban brings faint hope to California’s oil towns Read More »