Commerce – BeeNewsDaily

Commerce

US Senator Hickenlooper Introduced the COMPETES Act To Prevent Oil And Gas Companies From Leasing Taxpayer-Owned Public Lands For Free

Washington, D.C.(October 7, 2021) – Today, U.S. Senator John Hickenlooper introduced the Competitive Onshore Mineral Policy via Eliminating Taxpayer-Enabled Speculation (COMPETES) Act, legislation to prevent oil and gas companies from leasing taxpayer-owned public lands for next to nothing. Forty percent of acres leased for drilling go through this non-competitive process. Under current law,…

Posted on October 7, 2021October 7, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Commerce

Minnesota Supreme Court Declined To Hear An Appeal Of Enbridge Energy’s Line 3 Oil Pipeline

MINNEAPOLIS (August 24, 2021) — The Minnesota Supreme Court on Tuesday declined to hear an appeal by opponents of Enbridge Energy's Line 3 oil pipeline, letting stand a key decision by independent regulators to allow construction on the project to proceed. Without comment, the state's highest court declined to take…

Posted on August 24, 2021August 24, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Commerce

Readout of the Inaugural Industry Trade Advisory Committee Meeting

CITY OF WASHINGTON, D.C. (August 3, 2021)---United States Trade Representative Katherine Tai and U.S. Secretary of Commerce Gina Raimondo today co-hosted the inaugural Industry Trade Advisory Committee (ITAC) meeting. The meeting included the members and chairs of all 14 ITACs. More information on the ITACs and its history can be…

Posted on August 3, 2021August 3, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Commerce

Samsung Enters In An Agreement With Lucky Group To Produce Their Phones in Pakistan

(July 16, 2021)---Samsung enters in an agreement with Lucky Group as local partners to produce their phones in Pakistan. Production facility will be operational by Dec 2021. Chairman CPEC working for socio-economic development of Pakistan, Asim Saleem Bajwa tweeted "This landmark development coupled with a number of upcoming Chinese Mobile…

Posted on July 16, 2021July 16, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Commerce

Largest container ship hits East Coast as ports see surge

BAYONNE, N.J. (May 20, 2021) — With the sun gleaming off the Manhattan skyline in the distance, the massive ship passed slowly underneath the Bayonne Bridge on Thursday morning, tooting its horn to the delight of about two dozen onlookers on the bridge deck hundreds of feet up. Even by…

Posted on May 20, 2021May 20, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Banking

Preparing for the Unknown: What a Capital Gains Rate Hike Could Mean

Although it is unclear what will happen to capital gains rates over the course of the next year, it is important to discuss the implications of what a rate hike could mean. We don’t know for certain whether the capital gains rate will be adjusted, what rate would apply if…

Posted on May 11, 2021May 11, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Commerce

Big Oil and Gas Industry Group Backs Federal Price On Carbon

CITY OF WASHINGTON, DC (March 25, 2021) — The oil and gas industry’s top lobbying group on Thursday endorsed a federal price on carbon dioxide emissions that contribute to global warming, a reversal of longstanding industry policy that comes as the Biden administration has pledged dramatic steps to address climate…

Posted on March 25, 2021March 25, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Commerce

JW Marriott’s President And CEO Arne Sorenson Dies After Battle With Cancer

BETHESDA, MD---Arne Sorenson, the president and CEO of Marriott, the world's largest hotel chain, died Monday, the hotel giant announced Tuesday morning. He was 62. The company said in 2019 that Sorenson had been diagnosed with pancreatic cancer, and this month it announced he would be taking a step back from…

Posted on February 16, 2021February 16, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Banking

“The United States Takes Further Action Against Enablers of Venezuelan Oil Transactions, Including Sanctions Evasion Network”

WASHINGTON, D.C. (January 19, 2021)---today, Secretary Mike Pompeo issued this statement about sanctioning of the illegitimate regime of Nicolas Maduro. "The United States has sanctioned three individuals and 11 entities for their ties to a network helping Nicolas Maduro and his illegitimate regime evade U.S. sanctions on Venezuela’s oil sector. …

Posted on January 19, 2021January 19, 2021 by BeeNews DailyBlog by BeeNews DailyBlog

Commerce

“Commerce Department Will Publish the First Military End User List Naming More Than 100 Chinese and Russian Companies”

WASHINGTON (December 21, 2020)– The Bureau of Industry and Security (BIS) will amend the Export Administration Regulations (EAR) by adding a new ‘Military End User’ (MEU) List, as well as the first tranche of 103 entities, which includes 58 Chinese and 45 Russian companies. The U.S. Government has determined that…

Posted on December 21, 2020December 21, 2020 by BeeNews DailyBlog by BeeNews DailyBlog