New York is poised to charge large fossil fuel companies a massive $75 billion over the next 25 years in an effort to curb the effects of climate change under a new law. Gov. Kathy Hochul (D-NY) signed the controversial climate law Thursday, several months after the state legislature passed the bill in the spring. The law looks to establish...
Electric vehicle manufacturer Rivian will receive nearly $6.6 billion from the Biden administration to construct a factory in Georgia as part of the White House’s agenda to expand the EV industry. The Energy Department’s Loan Program Office announced Tuesday that Rivian will receive a direct loan of up to $6.57 billion to finance the development and construction of Project Horizon, an EV manufacturing...
Longtime Rep. Bob Latta (R-OH) is vowing to prioritize permitting reform and domestic energy production as he vies to be chairman of the Energy and Commerce Committee, one of the most coveted energy leadership positions in the House. Latta, the most senior Republican on the committee, is going up against Rep. Brett Guthrie (R-KY) to lead the influential committee, which will only gain...
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