President Biden announced an 11th-hour executive action on Monday that bans new drilling and further oil and natural gas development on more than 625 million acres of U.S. coastal and offshore waters. Biden, whose term expires in two weeks, said he is using authority to protect offshore areas along the East and West coasts, the eastern Gulf...
A Biden administration ban on certain natural gas water heaters as part of the lame duck president’s climate agenda could send prices soaring for the elderly and the poor. Under the policy, new non-condensing, natural gas-fired water heaters will be prohibited for sale starting in 2029 due to concerns about carbon-dioxide emissions. The policy comes during President Biden’s...
Backers say a law adding nuclear power to the definition of “green” energy will give Ohioans another option to cut carbon emissions but some environmentalists are skeptical. House Bill 308, signed in December by Gov. Mike DeWine, is designed to open the state to nuclear power research and development. However, critics are concerned it could...
U.S. President-elect Donald Trump on Friday criticised the British government’s energy policy with a demand the country “open up” the ageing North Sea oil and gas basin and get rid of wind farms. The North Sea is one of the world’s oldest offshore oil and gas basins where production has steadily declined since the start of the...
The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less stringent than the administration’s original proposal. The final rule issued by the Treasury Department on Friday determines which facilities can qualify for lucrative tax credits for hydrogen...
Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday. Constellation, the country’s largest operator of nuclear power plants, will deliver electricity to more than 13 federal agencies as part of the agreements with the U.S. General...
Ethan Howland of UtilityDive reports on a proposed transmission project across PJM, the nation’s largest Regional Transmission Organization. American Electric Power, Dominion Energy Virginia and FirstEnergy are proposing several multi-state transmission projects in the PJM Interconnection they designed through an ‘innovative joint planning agreement,’ the companies said Monday. ‘By leveraging the expertise and resources of...
David Winning and Julie Steinberg of The Wall Street Journal report that Rio Tinto is expanding its interest in lithium. SYDNEY—Rio Tinto has agreed to a $6.7 billion takeover of Arcadium Lithium, propelling it into the ranks of the top producers of a key commodity used in batteries for electric vehicles. The Anglo-Australian mining giant on...
Myra P. Saefong of MarketWatch reports on gas demand from Hurricane Milton in Florida. Hurricane Milton is one of the Atlantic Basin’s strongest storms on record and the frenzy of evacuations in Florida, where it’s expected to make landfall Wednesday evening, has led to shortages at nearly 16% of the gasoline stations in Florida, according...
Jacob Bogage and Maxine Joselow of The Washington Post report on how Hurricane Milton may impact FEMA’s nationwide recovery efforts. Federal relief agencies are confronting a potential budget shortfall as aid begins reaching communities battered by Hurricane Helene and large swaths of the Southeast prepare for Hurricane Milton to strike Florida as a monster storm. The funding crunch is most dire...
Help us promote free market solutions for climate change.
Thank you for signing up