President Biden announced an 11th-hour executive action on Monday that bans new drilling and further oil and natural gas development on more than 625 million acres of U.S. coastal and offshore waters. Biden, whose term expires in two weeks, said he is using authority to protect offshore areas along the East and West coasts, the eastern Gulf...
A Biden administration ban on certain natural gas water heaters as part of the lame duck president’s climate agenda could send prices soaring for the elderly and the poor. Under the policy, new non-condensing, natural gas-fired water heaters will be prohibited for sale starting in 2029 due to concerns about carbon-dioxide emissions. The policy comes during President Biden’s...
Backers say a law adding nuclear power to the definition of “green” energy will give Ohioans another option to cut carbon emissions but some environmentalists are skeptical. House Bill 308, signed in December by Gov. Mike DeWine, is designed to open the state to nuclear power research and development. However, critics are concerned it could...
U.S. President-elect Donald Trump on Friday criticised the British government’s energy policy with a demand the country “open up” the ageing North Sea oil and gas basin and get rid of wind farms. The North Sea is one of the world’s oldest offshore oil and gas basins where production has steadily declined since the start of the...
The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less stringent than the administration’s original proposal. The final rule issued by the Treasury Department on Friday determines which facilities can qualify for lucrative tax credits for hydrogen...
The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources told Reuters,...
US outgoing President Joe Biden has signed a bi-partisan bill into law allowing Arizona utility Salt River Project (SRP) to construct a pumped hydro energy storage project. SRP has been considering expanding its pumped storage projects on Arizona’s Salt River reservoir system. It has evaluated two potential sites for such facilities above Apache Lake. The...
Green-energy companies are freaking out, trying to figure out how to navigate the Republican sweep of the White House and Congress. After being a favorite punching bag of President-elect Donald Trump’s campaign, they are contacting incoming cabinet appointees, hunting for friendly members of the transition team and calling on Republican members of Congress, according to executives....
Sen. Rand Paul (R–Ky.) has released his annual Festivus Report, highlighting over $1 trillion in wasteful federal government spending. This year’s report includes a $12 million pickleball court in Las Vegas, $10 billion in maintenance and rent for mostly empty federal buildings, and hundreds of thousands of dollars for censoring nonliberal media (including Reason). Unsurprisingly, the federal...
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...
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