Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday. An IMF report released at its annual spring meeting in Washington nonetheless noted that those output...
President Trump signed an executive order Thursday that aims to jump-start mining on the ocean floor. Large-scale deep sea mining has never been done — though some companies have pushed for it — but the seafloor is expected to contain valuable materials. A Trump administration official told reporters Thursday that it expects to find manganese, cobalt,...
A large-scale environmental remediation effort is underway through a public-private initiative. The Well Done Foundation (WDF), in partnership with the U.S. Fish and Wildlife Service, is working to decommission more than 110 orphaned oil and gas wells across four National Wildlife Refuges. As part of this collaboration, WDF recently marked a major milestone: the successful plugging of...
California will see almost one-fifth of its crude-processing capacity vanish in the next 12 months as two key refineries quit the business of turning oil into fuels. Valero Energy Corp. and Phillips 66 plan to idle a combined 284,000 barrels of daily refining capacity by this time next year, moves that will squeeze the perennially tight motor-fuels...
The British government and Italian energy group Eni (ENI.MI) have reached an agreement for the launch of the Liverpool Bay carbon capture (CCS) project, they said on Thursday, opening the way to the construction phase for the initiative. The government said last year it would provide funding of up to 21.7 billion pounds ($28.76 billion) over...
Google has announced the signing of a power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) to procure renewable energy from the upcoming Fengmiao 1 wind farm in Taiwan. The agreement marks Google’s first offshore wind PPA in Taiwan and the Asia-Pacific region. It will enable Google to secure cost-effective and carbon-free electricity to meet the...
New research highlights a largely overlooked risk to food production systems: widespread soil contamination by heavy metals. A large-scale analysis of nearly 800,000 global soil samples found that about 17% of the world’s surface soils exceed safe thresholds for at least one toxic metal. For the agriculture sector, that’s a red flag not just for food security, but...
Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates. The LPG buyers, seeking to swap US cargoes bought earlier with alternatives, have found that Persian Gulf producers including Saudi Aramco are able to help with those requests,...
TerraPower has taken a critical step toward international deployment of its Natrium® reactor by initiating the United Kingdom’s Generic Design Assessment (GDA) process. The move signals strategic intent to enter a global market increasingly focused on decarbonization, grid stability, and energy security. The GDA, overseen by UK nuclear regulators, will assess the safety and viability of...
The expansion of gray wolf populations is upending California cattle operations, leading to millions of dollars in losses for ranchers, a report published Monday has found. The introduction of each new wolf can cause up to $162,000 in expenses related to growth and pregnancies, according to the research, released by the University of California, Davis. Long assumed...
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