Demand for electricity is rising so quickly in the United States that even Exxon Mobil, the country’s largest oil and gas company, is planning to get into the power business. Exxon is designing a massive natural-gas fueled plant meant to directly supply electricity to data centers. The company says the plant will be fitted with...
Do we want to deliver more energy to people to lift them out of poverty and help them adapt to climate change? Or do we want to restrict energy expansion, keep people in poverty, and hope to change the climate?
Wind power is the leading technology of the energy transition in the UK. It is the basis for the transition shift championed by the Starmer government—and it is failing because the grid operator is having to pay hundreds of millions to wind turbine operators to turn them off. The reason: there is no way to...
The town of Carrboro filed a lawsuit against Duke Energy on Wednesday, accusing the energy and utility giant of harmfully contributing to climate change and deceiving customers. Mayor Barbara Foushee and city council members from the town of 21,000 located immediately west of Chapel Hill and the University of North Carolina’s flagship campus pointed fingers...
Denmark received no bids in its largest-ever wind power tender, a major blow to European efforts to boost renewable energy and slash fossil-fuel demand. Denmark, the birthplace of offshore wind, is seeking to triple its capacity by the end of the decade. It already boasts the world’s largest share of wind in its power grid....
For some farmers in England, it makes more sense not to farm. By parking up their tractors and turning their land over to nature, some English landowners are now able to make more money than if they sowed their fields with crops or put cattle out to graze. “The business case for small-scale farming is...
U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled gas sent more cargoes to the continent and fewer to Asia and Latin America, according to preliminary data from financial firm LSEG. European natural gas prices climbed in November to their highest levels in two years on fears remaining...
China on Tuesday banned exports to the United States of the critical minerals gallium, germanium and antimony that have widespread military applications, escalating trade tensions the day after Washington’s latest crackdown on China’s chip sector. The curbs strengthen enforcement of existing limits on critical minerals exports that Beijing began rolling out last year, but apply only to the U.S....
Donald Trump has yet to enter the Oval Office for his second term officially, but his threat of tariffs is already raising concerns about the economic harm it could impose. If enacted, Trump’s trade agenda will counter his promises of American energy dominance and lower energy bills for American families and businesses.
China’s crude oil imports are on track to peak as soon as next year as transport fuel demand begins to decline for the world’s top crude buyer, ending the country’s decades-long run as the dominant driver of expanding oil consumption. The speed of its transition to electric mobility has stunned oil producers and investors. No...
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