Economy & Business

"Ending support for renewables and keeping fossil fuel power plants are the wrong tactics for addressing skyrocketing electricity rates"

"The Trump administration on Friday ordered that all construction stop on Revolution Wind, a $4 billion wind farm off the coast of Rhode Island that is already mostly built."

"With electricity prices rising at more than twice the rate of inflation, President Donald Trump has lashed out at renewable energy sources such as wind and solar power, blaming them for skyrocketing energy costs. ... Energy analysts say renewable sources have little to do with recent price hikes, which are based on increased demand, aging infrastructure and increasingly extreme weather events such as wildfires that are exacerbated by climate change."

"The Trump administration's plan to undo a landmark finding that climate pollution threatens public health and welfare poses lots of risks for corporate America."

"China has been installing solar panels at a blistering pace, far faster than anywhere else in the world, and the investment is starting to pay off. A study released Thursday found that the country’s carbon emissions edged down 1% in the first six months of the year compared to a year earlier, extending a trend that began in March 2024."

"Hayden, a long-established coal community, is pitching companies to come take advantage of “reliable, cost-effective heating and cooling” at its light industrial park once its new geothermal network is complete."

"The Trump administration is quietly taking steps to circumvent federal laws in its quest to bolster U.S. mineral production." "The Pentagon used a little-known legal provision to shield a multibillion-dollar rare earths deal from procurement and contracting laws."

"Interior Secretary Doug Burgum said he halted construction of a wind project off the coast of New York earlier this year because scientists revealed that the Biden administration “rushed approval” of the development based on “flawed science. But Burgum himself won’t reveal what those scientists said — or present the flaws."

"Renewable projects have historically been able to qualify for federal tax credits once a developer spent 5 percent of a project’s cost. But that threshold would be scrapped under the new Treasury Department guidance."

"The Federal Trade Commission (FTC) has declared that an emissions agreement between California and four major truck makers is “unenforceable” — paving the way for noncompliance with the Golden State’s pollution rules, which are stricter than federal standards."