Day: January 18, 2025

Days before Trump takes office, Brayton Point loses $300 million offshore wind cable plant development project

Energy News Beat Days before Trump takes office, Brayton Point loses $300 million offshore wind cable plant development project THE ITALIAN COMPANY seeking to build a cable manufacturing plant at Brayton Point in Somerset, Massachusetts, pulled the plug on the $300 million project Friday, dealing a major blow to offshore wind development on the East Coast […]

Super-rich ditching UK – Times

Energy News Beat One millionaire left the UK every 45 minutes in 2024 after the Labour Party’s tax overhaul, a report says Millionaires are leaving the UK in droves since the Labour Party took over last year, The Times reported on Friday. The exodus comes after the government of Prime Minister Keir Starmer confirmed plans […]

US Treasury to take ‘extraordinary measures’ after Trump inauguration

Energy News Beat Janet Yellen has told Congress that her department will pause retirement payments in a bid to avoid default US Treasury Secretary Janet Yellen has said her department will take “extraordinary measures” to prevent the US from hitting the national debt limit on Tuesday, one day after President-elect Donald Trump takes office. In […]

Brothers in sanctions: Why the Russia-Iran strategic agreement is important

Energy News Beat The two nations, both under immense pressure, are together pushing to create a fairer world The relationship between Russia and Iran is deeply rooted in history, dating back to the 16th century when the two nations first established contact. Despite periods of tension, pragmatism has always been at the core of their […]

Oil and Gas India is staring at an ‘oil shock’ as U.S. sanctions on Russian crude loom

Energy News Beat The U.S. recently announced sanctions on Russian oil producers, along with vessels that have been shipping barrels of Russian crude. India will be hit the hardest by the sanctions, more so than China which has also been snapping up Moscow’s cheap oil, said analysts. The South Asian nation imports a significant 88% […]

Trump’s Energy Pick Vows To Restore American Energy Dominance, Slash Costs

Energy News Beat To Democrat’s chagrin, Trump’s energy secretary pick pledged at his confirmation hearing to focus on restoring US energy dominance. ​ US President-elect Donald Trump’s energy secretary pick on Wednesday pledged to focus on what he called restoring US energy dominance. [emphasis, links added] “President Trump shares my passion for energy, and if […]

Sen. Ed Markey Spins Wild Climate Claims At Lee Zeldin’s EPA Confirmation Hearing

Energy News Beat Climate alarmist Sen. Ed Markey made a series of deranged climate change claims during the confirmation hearing of Lee Zeldin for EPA chief. ​ Climate alarmist Sen. Ed Markey (D-MA) made a series of deranged climate change claims about the California wildfires during Thursday’s confirmation hearing of Lee Zeldin, President-elect Donald Trump’s […]

New York’s Supreme Court Rejects Another Climate Lawsuit Against Energy Giants

Energy News Beat After a decade and three failed lawsuits, New York’s crusade to cash in on energy companies ends with nothing but wasted time and taxpayer dollars. ​ Frank Sinatra says if you can make it in New York, you can make it anywhere. So what does it mean when it’s repeatedly made clear […]

Disclosures Show Foreign Billionaire Funding Green Lawfare Against ExxonMobil

Energy News Beat Andrew Forrest, Aussie billionaire and eco-activist, is funding stateside litigation targeting ExxonMobil, raising questions about foreign influence. ​ Andrew Forrest, an Australian billionaire environmentalist, is quietly funding litigation in the United States targeting ExxonMobil, an oil company whose ventures directly compete with his business, according to federal disclosures reviewed by the Washington Free […]

Russia, Iran Ink Broad Strategic Partnership

Energy News Beat The countries’ closer ties come in response to tough Western sanctions. ​ World Brief FP’s flagship daily newsletter, catching you up on 24 hours of news in five minutes. Delivered weekdays. Sign Up By submitting your email, you agree to the Privacy Policy and Terms of Use and to receive email correspondence […]