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...
Production of clean, safe, and reliable nuclear energy is a vital part of America’s energy future. Once a reactor is built, it becomes a lasting part of America’s energy infrastructure. An insightful new book by Jack Spencer, “Nuclear Revolution: Powering the Next Generation” (Optimum Publishing International) describes what America has to do to ramp up...
Chris Wright, CEO of Liberty Energy and nominee for Secretary of Energy, wrote this foreword for C3 Solutions 2023 "Free Economies are Clean Economies" report, which was published on December 8th, 2023.
Reducing global carbon dioxide emissions is an essential part of fighting climate change. However, not every industry can easily decarbonize, so carbon capture is essential.
Governor Josh Shapiro signed an executive order establishing the first program of its kind in the nation to give critical projects a leg up during the permitting processes. The governor calls the initiative a “game changer” for economic development in the Keystone State. “We need to move quickly to get big projects built and to...
Pipeline operator DT Midstream (DTM.N), opens new tab said on Tuesday it would acquire three natural gas transmission pipelines from ONEOK (OKE.N), opens new tab for $1.2 billion in cash, boosting its presence in the Midwest market amid rapid consolidation in the U.S. industry. Increased consolidation among oil and gas producers and hurdles in getting new energy infrastructure approved...
In October, The Property and Environment Research Center (PERC) published a report, Diversifying State Trust Land Revenue Through Conservation Uses, which examines the growing shift toward conservation-oriented management of state trust lands in the American West. These 40 million acres, granted to the states by the federal government to generate revenue for public schools and...
Houston-based private equity firm Pelican Energy Partners has raised a $450 million fund to invest in nuclear energy services and equipment companies. Pelican had aimed to raise $300 million for Pelican Energy Partners Base Zero LP and had imposed an initial “hard cap” of $400 million. Investors include endowments, foundations, family offices, and pension plans....
Donald Trump won a decisive victory last week and will reoccupy the Oval Office in January. Polls suggest that dissatisfaction with the economy was one of the main reasons for his comeback and experts attribute the better economy during his first term to his tax cuts and deregulation (more than his immigration and trade policies). While Trump made fewer campaign promises...
President-elect Trump has made it clear that reducing the national debt will be a top priority for his administration. Adding to this focus, Elon Musk has thrown his weight behind the proposed Department of Government Efficiency, or DOGE, a bold initiative aimed at scrutinizing government spending and revenues. The offshore sector, encompassing oil, gas, wind, and...
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