Breadcrumb Trail Links PMN Business Republicans leading two powerful House committees are accusing Federal Trade Commission Chair Lina Khan of giving “misleading testimony” before Congress in April over her participation in the agency’s Meta Platforms Inc. probe. Author of the article: Bloomberg News Emily Birnbaum and Leah Nylen Published Jun 28, 2023 • 2 minute […]
Breadcrumb Trail Links PMN Business The Biden administration on Tuesday outlined its plan for ensuring oil companies have enough money set aside to clean up old offshore platforms, as costs mount for decommissioning decades-old infrastructure in the Gulf of Mexico. Author of the article: Bloomberg News Jennifer A. Dlouhy Published Jun 27, 2023 • 2 […]
Breadcrumb Trail Links PMN Business Trafigura Group is cutting oil-trader positions in Mexico as the government’s nationalist policies squeeze its profit margins. Author of the article: Bloomberg News Lucia Kassai Published Jun 26, 2023 • 2 minute read Join the conversation An oil pump jack at the New Harmony Oil Field in Grayville, Illinois. Photographer: […]
Article content (Bloomberg) — A group of lenders led by Apollo Global Management Inc. is providing as much as $2 billion to Wolfspeed Inc. to support the semiconductor maker’s expansion in the US, according to a statement seen by Bloomberg. The financing makes $1.25 billion of cash immediately available to the company, while another $750 […]
Article content (Bloomberg) — The United Auto Workers union criticized a $9.2 billion US government loan to Ford Motor Co. and South Korea’s SK On as a “massive” handout to a venture creating “low-road jobs.” Article content “Why is Joe Biden’s administration facilitating this corporate greed with taxpayer money?” UAW President Shawn Fain said in […]
Breadcrumb Trail Links PMN Business Canada is set for massive growth in wind power generation as it moves toward net zero emissions by 2050, a new report by the country’s energy regulator suggested. Author of the article: Bloomberg News Brian Platt Published Jun 20, 2023 • 3 minute read Join the conversation A wind farm […]
Article content (Bloomberg) — Canada’s oil production would plunge 76% in less than three decades if the world took sufficient action to limit global warming to 1.5C (2.7F), according to government projections released Tuesday, underscoring the challenges the country faces amid global efforts to curtail emissions. Article content Output from the nation’s oil industry — […]
Breadcrumb Trail Links PMN Business If a recession is going to come in the next 12 months — and most economists surveyed by Bloomberg say it probably is — then President Joe Biden should hope it begins sooner rather than later. Author of the article: Bloomberg News Gregory Korte Published Jun 18, 2023 • 4 […]
Breadcrumb Trail Links PMN Business As summer approaches and climate-driven impacts ramp up, the Zero podcast discusses a slew of solutions to cut emissions and adapt to a warmer planet. Author of the article: Bloomberg News Oscar Boyd, Christine Driscoll and Akshat Rathi Published Jun 18, 2023 • 3 minute read Join the conversation A […]
Article content (Bloomberg) — Puerto Rico’s financial oversight board is amending its plan to reduce $9 billion of Electric Power Authority debt to reflect steeper-than-expected declines in energy consumption. Article content The federally appointed oversight board notified the court of its intent to alter the restructuring plan after receiving new data from Prepa, as the […]