Day: November 10, 2023

‘Nuclear warming’ is biggest global threat – Trump

Energy News Beat The incompetence of current Washington threatens WWIII, the 45th US president has argued The real threat to the world is not global warming but “nuclear warming” from a possible atomic war, former US President Donald Trump has said in an interview. He pointed to the Biden White House as the reason “everything […]

Has The US Lost Its First-World Status?

Energy News Beat Authored by Daniel Nuccio via The Brownstone Institute, Everything is dirty. Nothing works. But everything’s also more expensive. And oh, by the way, you don’t have privacy anymore… That is how I described life in the US to a friend who had been living abroad for a bit more than a decade […]

Pentagon Is Starting To Restrict Flow Of Military Aid To Ukraine As Money Runs Out

Energy News Beat No more green for Zelenskyy. With war funding for both Ukraine and Israel now seemingly snarled up beyond repair in Congress, on Thursday the Pentagon said that funding delays have forced the US to begin restricting the flow of military assistance to Ukraine, and the Pentagon has only $1 billion left to […]

Rising Inflation Expectations Heap More Risks To Treasury Market

Energy News Beat Authored by Simon White, Bloomberg macro strategist, The market’s point of focus in the UMich data is the higher-than-expected inflation expectations figure, which potentially brings more risks to bonds. One-year inflation expectations rose to 4.4% from 4.2%. But more saliently for the bond market, the long-term median of inflation expectations rose to […]

How an Ohio-based steel company cut greenhouse gas emissions by nearly a third

Energy News Beat ​Ohio-based Cleveland-Cliffs’ success in beating its goal to cut greenhouse gas emissions from its U.S. iron and steel operations won recognition from the Department of Energy last month. The progress is part of a broader industry trend to cut pollution that drives human-caused climate change. Yet advocates say there’s lots of room […]

German Gov’t Agrees To Bailout Giant Loss-Making Wind Farm, UK Increases Subsidies

Energy News Beat Reuters reports the German government, Siemens AG, and other parties will provide billions of euros in project-related guarantees to support Siemens AG’s struggling wind turbine division. This financial assistance comes just weeks after the company warned about mounting losses amid a meltdown across wind and solar industries. Three people familiar with the talks said that […]

N.C. industrial group will drop challenge to Duke Energy low-income assistance program

Energy News Beat ​A powerful consortium of pulp and paper mills and large manufacturers said Thursday it would drop its challenge to a Duke Energy aid program — ensuring tens of thousands of poor households in Asheville and eastern North Carolina will receive bill assistance next year after all. Set to begin in January in […]

Oil giant sues Greenpeace

Energy News Beat Shell is reportedly seeking over $2 million in damages after protesters boarded its floating oil production vessel Greenpeace is facing one of the biggest legal threats in its history after the environmental group’s campaigners occupied energy giant Shell’s floating oil platform earlier this year, Reuters reports. According to the news agency, citing […]