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Home2024May

Month: May 2024

Jamie Dimon
Finance

Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later

May 16, 2024 Mariel Alumit

JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked. His comments […]

Polish
Electrical Generation / Utilities

Polish ministry approves plans for Rolls-Royce SMRs

May 16, 2024 Mariel Alumit

Industria submitted its application for a decision-in-principle in December last year to Polish Climate and Environment Minister Paulina Hennig-Kloska. The application concerns the construction of a nuclear power plant using Rolls-Royce SMR technology – a […]

Houthi
Crude Oil News

The success of the Houthi reshapes energy geopolitics

May 16, 2024 Mariel Alumit

The dramatic escalation between Israel and Iran has sidelined the most significant disruption of global energy trade over the last year. Since mid-November 2023, the Houthi have launched dozens of attacks to commercial vessels, firing […]

New Power Plant
Coal

EPA’s New Power Plant Rule Will Cause Catastrophic Energy Scarcity

May 16, 2024 Mariel Alumit

Undeterred by the Supreme Court’s 2022 rebuke in West Virginia v. EPA, the Environmental Protection Agency has finalized a new power plant rule even more ambitious—and reckless—than the Obama-era one struck down in that case. Perhaps […]

Portland
Carbon Credit

Portland, Maine climate trust fund would use solar credits to spur emission-cutting projects

May 16, 2024 Mariel Alumit

  A climate trust fund proposed in Portland, Maine, would use money from the sale of city-owned renewable energy credits to kickstart further efforts to cut local carbon emissions. Portland is among the hundreds of […]

Climate Crisis

Biden’s Climate Goals Are In Trouble

May 16, 2024 Andy Del Prado

Daily Standup Top Stories CNX plans $1.5B hydrogen fuels plant at Pittsburgh airport, but wants federal tax credit to build it May 15, 2024 Mariel Alumit HARRISBURG — Natural gas producer CNX Resources said it plans […]

Electrical Generation / Utilities

Texas Is Warned of Blackout Risk as Sun Sets This Summer

May 15, 2024 Stu Turley

Texas warned of potential blackouts after the sun sets Soaring demand, extreme weather are behind supply concerns The risk of power failures this summer remains elevated for many parts of North America amid soaring demand […]

CPI
Finance

Beneath the Skin of CPI Inflation, April: After Some Zigs, a Zag. But 6-Month Core CPI Hits 4.0%, 6-Month Core Services CPI Hits 6.0%, Both Highest since mid-2023

May 15, 2024 Stu Turley

By Wolf Richter for WOLF STREET. After months of worsening data on CPI inflation, we got still bad, but less bad, data today for April by the Bureau of Labor Statistics. And perhaps it was just another month-to-month […]

North Dakota
Coal

North Dakota eyes next-generation nuclear as replacement for coal plants

May 15, 2024 Mariel Alumit

BISMARCK, N.D. (North Dakota Monitor) – Policymakers in North Dakota are starting to lay the groundwork for a nuclear power industry that doesn’t exist in the state — yet. Across the country, companies developing advanced […]

grid
Press

Landmark grid plans may remake electricity — if Biden beats Trump

May 15, 2024 Stu Turley

In the final year of his first term, the pieces of President Joe Biden’s grid strategy to ensure low-carbon energy can be delivered to cities, factories, digital data centers and electric cars are coming together. […]

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