The Trump administration predicted Monday that the risk of blackouts could become 100 times greater if planned fossil-fuel power plant closures remain on schedule. Why it matters: The Energy Department report lays the statistical groundwork to continue its efforts to keep coal and natural gas plants open beyond their scheduled shutdown dates. Read more Axios here.
Republicans in Georgia’s state legislature — including a key ally of Gov. Brian Kemp — are pressing U.S. Senate leaders to preserve solar deployment and manufacturing credits. Why it matters: The lobbying efforts show how GOP plans to pare back Inflation Reduction Act credits in budget reconciliation are roiling red-state developments. Driving the news: “We urge you...
Iran’s parliament has endorsed closing the Strait of Hormuz, a vital oil transit point off its coast, but analysts are skeptical about the threat from a body without authority to close the strait. Why it matters: Impeding the strait would likely bring a massive spike in oil prices that would flow through to U.S. consumers. Read more in Axios here.
Abu Dhabi’s state-owned oil company and sovereign wealth fund have teamed with U.S. private equity firm Carlyle to make an $18.7 billion takeover bid for listed Australian energy company Santos. Why it matters: It would be one of the largest takeovers ever in Australia, and reflects how Middle Eastern oil giants are seeking to grow their...
If international trade is a game of chess, China has the U.S. in check — with few good options for the next move. Why it matters: The trade war has exposed just how deeply the U.S. economy is at the mercy of an accident of geology — China’s supply of the rare earth minerals that power our modern...
Google announced a deal on Monday to purchase energy from small nuclear reactors that the startup Kairos Power plans to start bringing online in the U.S. by 2030. Why it matters: It’s Google’s first nuclear foray as the tech giant — and its peers — hunt for zero-carbon power to fuel energy-thirsty AI data centers. Read...
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