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EPA Issues Class VI Well Permits to ExxonMobil for Carbon Capture and Storage Project in Texas

LCG, October 21, 2025--The U.S. Environmental Protection Agency (EPA) today issued three final Underground Injection Control (UIC) Class VI permits to ExxonMobil for their Rose Carbon Capture and Storage (CCS) Project located in Jefferson County, Texas. Under the Safe Drinking Water Act, these permits allow ExxonMobil to convert three existing test wells permitted by the state to carbon dioxide (CO2) storage injection wells for long-term storage.

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Holtec Receives New Nuclear Fuel at Palisades for Planned Restart

LCG, October 20, 2025--Holtec International announced today that the Palisades Nuclear Power Plant site in Michigan has received new nuclear fuel – 68 assemblies in total – that achieves a major milestone on the path to restarting the plant. The 800-MW facility was shutdown and decommissioned in 2022 due primarily for economic reasons; however, Holtec is progressing towards restarting the original unit by the end of this year, pending all necessary federal regulatory reviews and approvals. Achieving a successful restart of a shutdown nuclear unit will be a historic first for the nuclear industry.

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Industry News

More Sarbanes-Oxley Rules Up for Discussion

LCG, January 2, 2003-The SEC intends to discuss additional rules under the already-passed Sarbanes-Oxley legislation, aimed at limiting the liability of companies not in compliance.

The Sarbanes-Oxley law, which was enacted on July 30, 2002, requires companies to have an independent audit committee and procedures for dealing with complaints over accounting.

The Securities and Exchange Commission will consider additional rules within Sarbanes-Oxley at a January 8 meeting. The Commission will discuss setting up guidelines regarding the listing of companies who fail to comply with the Sarbanes-Oxley law. The SEC may decide to prohibit the public listing of such companies.

The SEC is required to have such rules regarding public companies within 270 days of the law's adoption.

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