Getting climate, energy & environment news right.

Bureaucratic Red Tape Is Blocking a U.S. Nuclear Renaissance
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Bureaucratic Red Tape Is Blocking a U.S. Nuclear Renaissance

"Plant Vogtle’s Units 3 and 4 are the first nuclear reactors to be constructed in the United States in more than three decades, and it’s no wonder. Overregulation and the absurd cost – both time-wise and financially – of the NRC permitting process are stopping clean, safe nuclear energy in its tracks. We’re allowing outdated fears and bureaucratic inertia dictate our energy future, while our energy security and climate goals suffer."

How Texas’ electricity plan could change the grid
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How Texas’ electricity plan could change the grid

"Critics, however, warn that the PUC is pushing the state toward a market design rooted in the past instead of embracing renewable energy and accelerating efforts to cut electricity use when demand is highest. Some also say the proposal would raise power costs for customers. And powerful legislators question whether the PUC’s plan will offer the reliability its supporters promise."

Why Does the U.S. Tax Code Penalize R&D?
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Why Does the U.S. Tax Code Penalize R&D?

"Returning to R&D expensing—by which investments are written off immediately—makes sense. Virtually every single country around the world allows companies to deduct the full cost of R&D—and many subsidize it heavily. China, among other countries, does so using a 'super-deduction,' allowing companies to deduct more than 100% of their R&D costs. In China, companies may deduct 175% of R&D expenses. The U.S. is the outlier; it punishes investment by not letting companies deduct even 100% of R&D costs."

Oil giant Aramco says windfall taxes ‘not helpful’ and could stifle decarbonization
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Oil giant Aramco says windfall taxes ‘not helpful’ and could stifle decarbonization

“'There’s no doubt, transition needs to (happen),' he told CNBC. 'At the same time we need... to build oil and gas, while at the same time [we] decarbonize oil and gas. We need support for alternatives. But at the same time, we need the support or the conventional sources of energy by building carbon capture and storage and giving incentives and support by policymakers.'"

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