Economy & Business

Trump To Auction Off A Vast Swath Of Gulf Of Mexico To Oil Companies

"The Trump administration made history Tuesday in proposing that nearly 77 million acres in the Gulf of Mexico be made available for companies wanting to purchase federal oil and gas leases — the largest offering ever in the United States."

Source: Washington Post, 10/25/2017

Small Montana Firm Lands Biggest Contract To Restore Puerto Rico Power

"For the sprawling effort to restore Puerto Rico’s crippled electrical grid, the territory’s state-owned utility has turned to a two-year-old company from Montana that had just two full-time employees on the day Hurricane Maria made landfall."

Source: Washington Post, 10/25/2017

"Congressional Auditor Urges Action to Address Climate Change"

"Fires, floods and hurricanes are already costing the federal government tens of billions of dollars a year and climate change will drive those costs ever higher in coming years, a new federal study warns. The report by the Government Accountability Office, Congress’s auditing arm, urges the Trump administration to take climate change risks seriously and begin formulating a response."

Source: NY Times, 10/24/2017

"Coal Plant Closures Continue Even As U.S. Ends 'Clean Power Plan'"

"U.S. power firm Vistra Energy Corp said on Friday that it would shut two coal-fired plants for economic reasons, as closures in the industry continue apace despite the environment regulator saying this week he wanted to end the 'war on coal.'"

Source: Reuters, 10/16/2017

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