South Texas lured Tesla, along with Exxon Mobil and other energy behemoths, with the promise of land, cheap energy and, perhaps most critically, abundant water. The companies spent billions of dollars over the past two decades building plants that use huge amounts of water to transform fossil fuels into gasoline, jet fuel and other refined products. More set...
Call it a nuclear moonshot: The U.S. aims to deliver a reactor to the lunar surface and beat a push by China and Russia to do the same. In August, NASA Acting Administrator Sean Duffy directed the agency to fast-track an effort to land a reactor on the moon by late 2029. The agency wants...
Senate Republicans stunned the power industry over the weekend with a proposed new tax on wind and solar projects, part of a broader push to unravel incentives for renewable energy. Energy tax credits that were expanded during the Biden administration are wrapped up in a fierce congressional fight over President Trump’s signature tax and spending bill. Most of the...
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...
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