Can BP successfully challenge $blns in settlement payouts related to the Deepwater Horizon explosion and subsequent Gulf of Mexico oil spill? The company is accusing “trial lawyers and some politicians” of submitting thousands of inflated or false claims. [New York Times]

Can biomass really challenge Gazprom’s supremacy as an energy supplier to Eastern Europe and the Baltics? “In the energy world, it’s the equivalent of saying MacBook is being threatened by a revival of the pencil.” [Quartz]

Will emissions concerns be another obstacle to Keystone XL? “Allowing the Keystone pipeline to be built requires a finding that doing so would be in our nation’s interest. And our national interest will be served only if this project does not significantly exacerbate the problem of carbon pollution,” said President Obama. [Calgary Herald]