It’s the latest wedge dividing Europe, where emissions reductions are anchored in law, and the US, where the Trump administration has mounted a full-throated attack on net zero policies. The bill agreed by House Republicans is even “worse than feared” for investors committed to energy transition strategies, according to equity analysts at Jefferies.
In Canada, the economy appears likely to miss the Bank of Canada’s forecast of 1.8% annualized growth in the first quarter, with industry-based figures so far pointing to a 1.5% expansion in data on Friday. Canada’s head of state, King Charles III, will lay out Prime Minister Mark Carney’s priorities in a speech on Tuesday […]
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., and Josh Easterly, co-founder and co-chief investment officer of Sixth Street Partners, are among those warning that the credit market may not be pricing in enough risk. And the lowest rung of junk bonds are flashing warnings that the US economy could soon face slower […]
NTPC has a goal to ramp up its generation base to 130 gigawatts in the year through March 2032, from about about 80 gigawatts, according to its website. As about 87% of the company’s installed capacity is based on fossil fuels, it seeks to bring down the number to half by 2032 as it focuses […]
The impact on installation companies — many of them smaller, mom-and-pop operations — could be severe, if homeowners decide they can no longer afford going solar. Leon Keshishian, CEO of Civic Renewables, called the potential loss of tax credits “a killer” that could force him to cut staff at his company, which installs residential systems in Virginia, Maryland, […]
“The bond market is speaking, equity markets aren’t really listening at this point,” Thomas Taw, head of Asia Pacific investment strategy at BlackRock Asset Management, said in a Bloomberg Television interview. “All these measures that are coming through, whether it’s tax bill, tariffs, et cetera, these are all inflationary type of measures.
“The recent zig-zags in Venezuela policy have left investors, and frankly everyone else, with their heads spinning,” said Geoff Ramsey, a senior fellow at the Atlantic Council in Washington. “The question is whether the administration can articulate these two approaches into a single, more cohesive ‘good cop, bad cop’ routine.”
For example, she said, the environmental licensing process for a hydroelectric plant takes an average of 10 years, and the country has 27,000 regulations. In 2022, she said, more than 5,000 projects — including highways, railways, waterways, transmission lines, mineral pipelines, gas pipelines and fiber-optic cables — were stalled over licensing issues.
The slow ad recovery has been weighing on Baidu’s shares the most, said Kai Wang, a Morningstar Inc. analyst. “Once advertising comes back, Baidu’s valuation should come up pretty quickly, as that’s likely holding the AI business back,” he said. “It’s one of the few players in China that can actually build out the data […]
The liquefied natural gas and logistics company asked to be reconsidered for the 800-megawatt contract to help shore up the US commonwealth’s shaky electric grid, according to a letter it sent to the Puerto Rico governor’s office. New Fortress argued that it would be the cheapest power supplier and could provide clean fuel and a […]