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HomeUS Energy News

US Energy News

rooftop solar
Electrical Generation / Utilities

Home rooftop solar dips in N.C. after Duke Energy reduces payments, but many installers unfazed

November 7, 2024 Mariel Alumit

  When regulators allowed Duke Energy to lower bill credits to homes with rooftop solar, critics warned the solar industry would suffer a major loss. A year after the new rates took effect, available data […]

clean energy
Climate Crisis

How Trump’s second term could derail the clean energy transition

November 7, 2024 Mariel Alumit

  The Biden administration has enacted the most consequential federal clean energy and climate policy in U.S. history, giving the nation a fighting chance at reducing greenhouse gas emissions fast enough to deal with the climate […]

Rare Bees
AI

Rare Bees Halt Zuckerberg’s Nuclear-Powered AI Dream

November 6, 2024 Mariel Alumit

Meta’s plans to build a nuclear-powered AI data center were scrapped due to the discovery of rare bees at the proposed site. The incident highlights the growing tension between Big Tech’s increasing demand for energy […]

Oil
Crude Oil News

More Iran sanctions and ‘drill baby, drill’: Oil market’s future is still uncertain under Trump

November 6, 2024 Mariel Alumit

U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. But it’s not that straightforward: Trump who was announced Wednesday […]

Energy Policy

Trump return will slow, not stop, US clean energy boom

November 6, 2024 Clark Savage

Nov 6 (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday’s presidential elections is unlikely […]

Oil Markets
Crude Oil News

Oil Markets on Edge Ahead of Tight U.S. Presidential Election

November 5, 2024 Mariel Alumit

The U.S. presidential election promises to dominate global news coverage for the next 24 hours, and oil markets will be watching developments closely after both WTI and Brent banked gains from the OPEC+ decision on […]

ConocoPhillips
Big Oil Companies

ConocoPhillips Raises Share Buyback Plan to $20 Billion

November 5, 2024 Mariel Alumit

ConocoPhillips has bumped up its current share redemption package to up to $20 billion and raised its ordinary dividend by 34 percent to $0.78 per share. In the first nine months the exploration and production […]

Maine
Finance

Feds Refuse to Fund Floating Offshore Wind Project in Maine

November 4, 2024 Mariel Alumit

Dealing a stunning financial blow to a controversial renewable energy project off the New England Coast, the U.S. Department of Transportation (DOT) Oct. 21 rejected a grant application for $456 million to build offshore wind […]

Massachusetts
Energy Policy

Massachusetts legislation looks to remove barriers to the state’s shift from natural gas

November 4, 2024 Mariel Alumit

  Nearly a year after Massachusetts regulators laid out a vision for the state’s evolution from natural gas distribution to clean energy use, lawmakers are coalescing around legislation that would start converting principles into policy. […]

ExxonMobil
Big Oil Companies

ExxonMobil reports 4.4% decline in Q3 2024 earnings

November 4, 2024 Mariel Alumit

Exxon Mobil has reported earnings of $8.61bn in the third quarter (Q3) of 2024, a decline of 4.4% from the $9.01bn reported in the same period of 2023. Total revenues and other income for the quarter […]

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