Oil and gas major Shell (SHEL.L) on Tuesday won an appeal against a landmark ruling that required it to accelerate carbon reduction efforts, dealing a blow to campaigners who have turned to legal channels to pursue climate action. The appeals court in The Hague said Shell had a responsibility to reduce greenhouse gas emissions to protect people from global warming....
President-elect Trump has made it clear that reducing the national debt will be a top priority for his administration. Adding to this focus, Elon Musk has thrown his weight behind the proposed Department of Government Efficiency, or DOGE, a bold initiative aimed at scrutinizing government spending and revenues. The offshore sector, encompassing oil, gas, wind, and...
The Federal Energy Regulatory Commission (FERC) recently rejected a request to increase power generation for a data center located next to a nuclear power plant in Pennsylvania. The U.S. will need to rapidly scale up power generation to meet future demand from AI and large data centers. This decision shows how challenging this task will be. In...
Minutes after pundits and political strategists received exit poll data, they began unpacking why voters of all ages, genders, and ethnicities voted for Donald Trump to be the 47th president.
Saudi Arabia aims to diversify its economy and lower its emissions, which has led the nation to explore hydrogen as a solution. The Public Investment Fund of Saudi Arabia will invest $10 billion in the production of green hydrogen. This venture, named Energy Solutions Company, will also receive funding from Saudi Aramco, Gulf News reported. While the...
Economics explains that there are always trade-offs in everything.
Gas prices are inching closer to the $3 per gallon mark just ahead of Election Day. The current U.S. average gas price has fallen to $3.13 per gallon from $3.50 a gallon at this time last year, according to AAA, bringing relief to many states. The Energy Information Administration (EIA) anticipates national gasoline prices to average $3.20 in...
Last week, the Supreme Court issued an order that left many in disbelief. The Court denied several motions for stay (a legal pause) regarding the Environmental Protection Agency’s (EPA’s) Clean Power Plan (CPP) 2.0 rule after granting a stay of the original CPP in 2016 and elaborating on the Major Questions Doctrine in overturning the CPP on its merits in West Virginia v. EPA in...
Pre-mortems are helpful because, in any election, the winning side tends to overinterpret the results while the losing side tends to underinterpret the results.
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