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March 18 (Reuters) – Three right-wing groups sued the Biden administration on Monday over its approval of a wind project off the coast of Virginia, alleging it failed to consider the facility’s impacts on endangered whales. The federal lawsuit filed by the Heartland Institute, Committee for a Constructive Tomorrow (CFACT) and National Legal and Policy …
Right-Wing Groups Sue U.S. Over Offshore Wind Impact on Whales Read More »
Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have been forced to …
Big Oil Executives Push Back Against Calls for Fast Energy Transition Read More »
Reuters (Reuters) – The U.S. solar industry is expected to continue its momentum in 2024 after accounting for over 50% of new electricity capacity additions to the grid last year, according to a report published by Wood Mackenzie and the Solar Energy Industries Association on Wednesday. Companies and residents have aimed to capitalize on U.S. …
US Solar Installations to Benefit from Inflation Reduction Act in 2024, Report Says Read More »
Summary China vows to cut energy intensity 2.5% in 2024 2023 intensity only fell by 0.5%, less than 2% target 2024 target won’t meet five-year plan goals, analysts say BEIJING, March 5 (Reuters) – China on Tuesday set more stringent energy intensity targets for 2024 after missing last year’s goal, as the world’s biggest energy …
China Sets Tougher Energy Efficiency Goal After Falling Behind on 2025 Targets Read More »
(Reuters) – Shell’s U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sawan. Investment bank Jefferies is running the sale of up to 10.6 gigawatts (GW) of solar generation …
(Reuters) – A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday. In an annual report, WindEurope described 2023 as a year of “significant improvements” in key areas of Europe’s wind …
Record Year for Wind Farms Raises Hope for EU Green Energy Goals Read More »
Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.
As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash. Most trading houses, which are privately owned and controlled by their employees, disclose little about their cash position, equity or dividends. But according to more …
Dominion said it would sell stake as part of strategic review Offshore wind developers have faced setbacks due to inflation Photographer: Minh Connors/Bloomberg Gift this article In this Article DOMINION ENERGY 45.60USD –1.49% Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal LEARN MORE By Josh Saul February 22, 2024 …
Dominion to Sell Wind Project Stake to Stonepeak for $3 Billion Read More »
Reuters (Reuters) – Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group’s annual general meeting (AGM). “The losses we incurred in our wind business and the underlying problems are unacceptable. We will …
Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years Read More »
