Category: energy

Mar 2

Haley Gets First Senate GOP Endorsements From Murkowski, Collins

Article content (Bloomberg) — Lisa Murkowski and Susan Collins backed Nikki Haley’s bid for the White House, delivering the long-shot Republican contender her first endorsements from sitting US senators days before voters hit the polls on Super Tuesday. Alaska’s Murkowski endorsed Haley in a statement Friday, saying she had the “right values, vigor, and judgment […]
Mar 2

US Steel Takeover’s Fate May Hang on the Words of a Union Boss

Breadcrumb Trail Links PMN Business David McCall has a once-in-a-generation opportunity to do right by America’s industrial workers, and he’s ready to seize the moment. Author of the article: Bloomberg News Joe Deaux Published Mar 02, 2024  •  9 minute read Join the conversation Article content (Bloomberg) — David McCall has a once-in-a-generation opportunity to […]
Mar 1

Pennsylvania Governor Urges Biden to Keep Natural Gas Export Pause Limited

Breadcrumb Trail Links PMN Business Democratic Pennsylvania Governor Josh Shapiro said the Biden administration’s recent halt in liquefied natural gas export licenses should be limited in time, stopping short of outright criticizing a pause that could undermine job creation in a state that’s relying on energy to drive growth. Author of the article: Bloomberg News […]
Feb 28

Petrobras CEO Says Green Energy Shift Means Caution on Blockbuster Dividends

Breadcrumb Trail Links PMN Business Latin America’s biggest oil company will be more cautious about issuing blockbuster dividends as it moves to become a renewable energy powerhouse, Petrobras Chief Executive Officer Jean Paul Prates said in an interview. Author of the article: Bloomberg News Mariana Durao and Peter Millard Published Feb 28, 2024  •  3 […]
Feb 27

South Africa Says Emissions Will Fall Even as It Delays Closing Coal Plants

Article content (Bloomberg) — South Africa’s presidency, which is overseeing the deployment of $9.3 billion in climate finance, said it’s confident the country will meet its greenhouse gas emission reduction targets even as its keeps coal-fired plants open.  South Africa won the funding from some of the world’s richest nations in a deal announced in […]
Feb 26

Investors flee tumbling EV upstarts once hailed as ‘next Tesla’

Breadcrumb Trail Links Investor Energy Electric Vehicles Shares of Rivian, Lucid well off their peaks Author of the article: Bloomberg News Esha Dey Published Feb 26, 2024  •  4 minute read Join the conversation A Rivian electric vehicle sits in a lot at a Rivian facility in Chicago. Rivian’s stock plummeted more than 25 per […]
Feb 26

Trans Mountain Pipeline Seen Driving Canadian Oil to Three-Year High

Article content (Bloomberg) — Canada’s relatively cheap heavy crude is set to spike temporarily in the coming months as a massive new export pipeline starts operations just as oil-sands companies curtail production.   Western Canadian Select’s discount to US benchmark West Texas Intermediate may shrink from its current level of about $17.10 per barrel to […]
Feb 25

AI Is Exploding Data Center Energy Use. A Google-Created Technique May Help

Breadcrumb Trail Links PMN Business Data center operators are shifting computing power to locations where the cleanest electrons are, in an effort to reduce tech’s carbon footprint. Author of the article: Bloomberg News Naureen S Malik Published Feb 25, 2024  •  5 minute read Join the conversation hjwwu1aawf{6g3tu]7bw5{q7_media_dl_1.png Source: Dominion Energy Article content (Bloomberg) — […]
Feb 23

Italy Sounds Out Ukrainian, Indian Investors to Rescue Steel Plant

Breadcrumb Trail Links PMN Business Giorgia Meloni’s government is in preliminary talks with domestic, Ukrainian and Indian investors for a potential bid to rescue Italy’s biggest steelmaker. Author of the article: Bloomberg News Alberto Brambilla Published Feb 23, 2024  •  2 minute read Join the conversation Chimneys of Acciaierie d’Italia steel plant, formerly known as […]
Feb 23

French Finance Minister Le Maire Stirs Discord With Two-Speed Pitch for EU Markets Unity

Breadcrumb Trail Links PMN Business French Finance Minister Bruno Le Maire slammed the European Union for making only sluggish progress in bolstering capital markets, raising tensions over a project officials say is crucial to avoid prolonged economic weakness. Author of the article: Bloomberg News William Horobin and Jorge Valero Published Feb 23, 2024  •  3 […]