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Why Are Heating Prices So High in New England?
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Why Are Heating Prices So High in New England?

"Constructing energy infrastructure to bring reliable natural gas to New England ought to be a top priority for state legislators. Yet leaders of New England states have doubled-down on their decarbonization plans. Maine Gov. Janet Mills is seeking to achieve what she calls 'deep decarbonization' of the state. Last year Connecticut Gov. Ned Lamont axed a contract to build a natural-gas plant in Killingly, on the state’s border with Rhode Island. This year Connecticut’s two largest utilities hiked their rates by 43%, citing 'supply-chain constraints.' Massachusetts’ largest utility increased monthly rates by 64% because of “higher electric supply prices."

U.K. Prime Minister Rishi Sunak Tries Free-Market Recipe to Fix Britain’s Woes
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U.K. Prime Minister Rishi Sunak Tries Free-Market Recipe to Fix Britain’s Woes

"The U.K. has neither the market nor the money to compete on [the scale of the Inflation Reduction Act], and some U.K. companies have already said they plan to expand in the U.S. or Europe rather than at home. Mr. Sunak looked askance at the very idea of industrial policy. 'I tend to think heavy state and government involvement in the economy is not something that necessarily always produces the best outcomes,' he said. 'Government picking winners has never gone particularly well.'"

What free market principles did for Vietnam
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What free market principles did for Vietnam

"Vietnam is now one of the world’s most dynamic countries, with a vibrant economy that creates great opportunities for hardworking people and entrepreneurs. From a country that, before the market reforms began, was unable to produce enough rice to feed its own population, it has become one of the world’s largest rice exporters — and a major electronics exporter."

NRC grants exemption for PG&E to operate Diablo Canyon nuclear plant during license renewal review
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NRC grants exemption for PG&E to operate Diablo Canyon nuclear plant during license renewal review

"The nuclear power plant supplies about 17% of California’s zero-carbon electricity and 9% of its total electricity, according to the California Energy Commission. On Tuesday it approved a resolution that 'the state’s electricity forecasts for the calendar years 2024 to 2030, inclusive, show potential for reliability deficiencies if the Diablo Canyon power plant operation is not extended beyond 2025.'"

Current Climate: Funding For Carbon-Reduction Tech Hits $4.2 Billion
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Current Climate: Funding For Carbon-Reduction Tech Hits $4.2 Billion

Katie Jennings and Alan Ohnsman of Forbes report on carbon-reduction funding. “Last year investors pumped nearly $4.2 billion into startups working on technology to reduce CO2 emissions, up from $3.6 billion in 2021, according to PitchBook. The number of deals also increased to 204 in 2022 from 167 in 2021. Svante, a Canada-based carbon capture startup,...

Cirba Solutions Secures $50 Million Marubeni Investment
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Cirba Solutions Secures $50 Million Marubeni Investment

Cirba Solutions reports on a $50 million investment from the Marubeni Corporation. “This most recent strategic investment in Cirba Solutions further augments the previously announced $245 million investment from EQT Infrastructure and the over $82 million from two recent Department of Energy grants from the Bipartisan Infrastructure Law.” Read the full article here.

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