Shoppers around the world are quickly adding more used shoes, accessories and clothes to their closets. Last year, they spent $227 billion on secondhand apparel, accounting for nearly 10% of all global spending on clothes, according to a new report from online resale marketplace ThredUp Inc. The trend is set to accelerate, particularly in the US...
A U.S. Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to a draft bill circulated on Monday. The draft bill, part of a sprawling Republican budget package,...
Abu Dhabi’s state-owned oil company and sovereign wealth fund have teamed with U.S. private equity firm Carlyle to make an $18.7 billion takeover bid for listed Australian energy company Santos. Why it matters: It would be one of the largest takeovers ever in Australia, and reflects how Middle Eastern oil giants are seeking to grow their...
Crude oil prices, maybe surprisingly, dipped modestly on Monday after spiking at the end of last week, even as Iran and Israel continue firing missiles at each other with no easy end in sight. The U.S. oil benchmark hovered around $71 per barrel on June 16—about where it started the year—but up roughly 9% from...
Shares of US solar companies fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn’t stick. Sunrun Inc., the largest US rooftop panel installer, plunged as much as 38%. SolarEdge Technologies Inc. fell 31%. Enphase Energy Incslid 21%. The new...
The U.S. Department of Energy (DOE) is inviting private-sector nuclear developers to submit proposals for experiments and demonstrations using its Microreactor Application Research Validation and Evaluation (MARVEL) project. The first-of-its-kind operational test bed for advanced microreactor technologies is now 90% through its final design phase, with key components already under fabrication. Idaho National Laboratory (INL),...
Google and conductor manufacturer CTC Global on Tuesday said they are partnering to ask states, utilities and transmission developers to identify areas to deploy advanced conductors, which can carry more power than standard transmission lines but use existing towers and poles. Responses to a request for information are due on July 14, and a request for proposals...
In a federal lawsuit filed June 12, 2025, California and ten other states are challenging the legality of three Congressional resolutions signed by President Trump that disapprove key EPA waivers. The waivers, granted between 2023 and early 2025, allow California to implement its Advanced Clean Cars II, Advanced Clean Trucks, and Omnibus Low NOx regulations—rules...
A New York law signed by Gov. Kathy Hochul that would impose as much as $75 billion in liabilities on major fossil fuel companies by forcing them to pay into a state “climate super-fund” depending on their emissions would hurt way more than the firms themselves, West Virginia Attorney General JB McCuskey warned Friday. “It would be...
“New Mexico’s resources can start to provide cleaner power for the rest of the globe,” Governor Michelle Lujan Grisham said. That is a statement the governor gave on Thursday during a press conference addressing the latest investment in geothermal energy. “There are different approaches from a technology perspective based on what you do from design,...
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