Senator Joe Manchin said he was willing to kill a popular consumer tax credit for the purchase of electric vehicles if the industry didn’t adhere to controversial new sourcing requirements, giving automakers a take-it-or-leave-it ultimatum that finally got both sides to agree.

The board and investment manager for two related energy investment funds are responsible for causing and subsequently covering up $1 billion in losses, a shareholder says in a derivative suit filed in federal court in Kansas.

US energy regulators acted reasonably in approving rules allowing electric transmission developers to avoid facing competition in some circumstances and to allocate project costs in a way that benefits incumbent developers, the US Court of Appeals for the D.C. Circuit decided Friday in a pair of rulings.

Warren Buffett’s Berkshire Hathaway Inc. won approval from US regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months snapping up its shares. Occidental’s stock surged on the news.

Jenniffer Gonzalez, Puerto Rico’s sole representative to the US Congress and a potential gubernatorial candidate, said the commonwealth should cancel its landmark contract with Luma Energy amid growing anger over continuing blackouts.

Renergy Inc. was cited by the Environmental Protection Agency for alleged permit violations at its Dovetail Energy facility in Greene County, Ohio, and Emerald BioEnergy LLC facility in Morrow County, Ohio, according to a Friday news release.

Gazprom PJSC will stop delivering natural gas to Europe through its main pipeline for three days, further squeezing energy supplies just as Germany is trying to build up stocks for the winter.

A $15 million settlement between Seventy Seven Energy Inc.'s retirement plan committee and participants challenging losses tied to the plan’s large holding in Chesapeake Energy stock received final approval from an Oklahoma federal judge, as did a $5 million fee award for the participants’ lawyers.

President Joe Biden’s administration has directed $28 million from last year’s infrastructure law toward research and development projects focused on hydropower, according to the DOE Friday.

A utility-backed coalition in California has a new argument to slash incentives for rooftop-solar systems in the Golden State: The renewable sector, it says, doesn’t need the subsidy to grow because of support in the new federal climate bill.