Chevron plans to keep boosting oil-and-gas production through 2030. It is also becoming more serious about entering the power business. As part of an annual presentation to investors Wednesday, the second-largest U.S. oil producer said it is aiming to bring online by 2027 a power plant that would service an artificial-intelligence data center in the...
Anthropic announced plans Wednesday to spend $50 billion on a U.S. artificial intelligence infrastructure build-out, starting with custom data centers in Texas and New York. The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack. Fluidstack is an AI cloud platform that supplies...
A new stopgap spending bill to reopen the government also extends key Farm Bill programs for one year—covering the provisions left out of July’s budget package. While the Senate waits on the House to vote, it brings up what some economists think may be a new reality: the days of passing a comprehensive Farm Bill...
The Trump administration plans to allow new oil and gas drilling off the California coast for the first time in roughly four decades, according to three people briefed on the matter. The move would set up a confrontation with Gov. Gavin Newsom, a Democrat who has fought offshore drilling and who has emerged as one of...
Autonomous EV freight trucking company Einride is planning to go public on the New York Stock Exchange through a SPAC deal with Legato Merger Corp. III, a blank check company, valuing it at $1.8 billion. The deal is expected to raise $219 million in gross proceeds, with up to an additional $100 million in PIPE capital...
In a major milestone for conservation finance, a 62,000-acre easement project in South Carolina is offering a new model for aligning environmental goals with long-term economic returns. Structured over four separate easements, the Pee Dee Basin Initiative has become the largest conservation transaction ever facilitated by a state agency in South Carolina—without sidelining the land’s...
President Trump secured a one-year reprieve from Beijing’s threat to shut down global rare-earths exports, which would have interrupted manufacturing of semiconductor chips and magnets essential in military and technology applications. The President quipped that “there’s no roadblock at all” and rare earths “will hopefully disappear from our vocabulary for a little while.” But the President’s brinkmanship...
New York and New Jersey granted crucial permits for a long-stalled Williams Cos. pipeline project that would bring more natural gas to the New York City area from Pennsylvania. Environmental regulators in both states approved certifications under the federal Clean Water Act for the company’s Northeast Supply Enhancement Project. It would expand an existing system delivering gas...
Next week, world leaders will gather for the COP30 climate summit, meeting in Brazil in an event where the U.S. and its top representatives will be conspicuously absent. Here’s what you should know about that meeting: What is a COP? COP, which stands for Conference of the Parties, is a meeting of world leaders to...
A group of shutdown-weary Democratic senators voted with Republicans Sunday night to advance a legislative vehicle to reopen the federal government and end the 40-day shutdown that has left tens of thousands of workers furloughed and caused chaos at the nation’s airports. The Senate voted 60-40 to proceed to a House-passed continuing resolution to reopen the government,...
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