Equinor signed a contract valued currently at around 20 billion pounds ($27.11 billion) to supply the U.K. with natural gas over the next decade. The agreement with U.K. energy company Centrica which owns British Gas, starts on Oct. 1 this year and its valuation is based on current prices, Equinor said. It would cover around 10% of...
The Supreme Court cleared a major obstacle for a giant copper project in Arizona being developed by the world’s two most valuable mining companies, declining to review a case from a coalition of Native American people, religious groups and others who say the planned mine will destroy a sacred site. The project, called Resolution Copper,...
Startup company Remora recently bought a 4,400-horsepower locomotive that is about to be delivered this week to its parking lot in the Detroit suburbs via a new rail spur. The company plans to use the 1994 General Electric unit to test its mobile carbon-capture technology for rail use, said Paul Gross, Remora’s 28-year-old chief executive and co-founder. “It’s...
After the Trump administration put a new 10% tariff on Chinese products earlier this month, Agilian Technology, an electronics manufacturer in China, pressed forward with its plan to avoid additional levies. In the run-up to last year’s election, Agilian grew worried that the U.S. would introduce new tariffs if Donald Trump returned to the White House, and one of...
The GOP has spent the many hot years of Washington’s climate wars on defense, unable to articulate a positive alternative to the left’s grim new religion. It’s offered critiques—climate change isn’t real; climate change is overhyped; climate policies are costly, ineffective, stalking horses for government control—but never a rousing alternative. Into this unholy war steps...
Three days after President Trump formally ordered a U.S. departure from the Paris Agreement, Bloomberg Philanthropies announced that it would step in alongside other unnamed donors to cover the country’s funding and disclosure obligations to the United Nations Framework Convention on Climate Change, whose job it is to implement the climate deal made in the French capital...
Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies. Including the assumption of debt, Constellation on Friday valued the cash-and-stock deal for the privately held Calpine at $26.6 billion. The value of power generators has...
The Indian Point nuclear power plant, on the banks of the Hudson River about 30 miles north of New York City, first opened in 1962 and was greatly expanded in the 1970s. For many years it was a monument to technological optimism. On a site smaller than that of a shopping mall, the plant’s two...
A new federal lawsuit may finally unleash nuclear energy’s potential. On Dec. 30, Texas and Utah, along with the startup company Last Energy, sued to force the Nuclear Regulatory Commission to stop breaking the law and start letting small, modular nuclear reactors operate without crushing overregulation. This could be the most consequential legal challenge to America’s nuclear...
Green-energy companies are freaking out, trying to figure out how to navigate the Republican sweep of the White House and Congress. After being a favorite punching bag of President-elect Donald Trump’s campaign, they are contacting incoming cabinet appointees, hunting for friendly members of the transition team and calling on Republican members of Congress, according to executives....
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