Latest Energy policy News

NC Sen. Newton new majority leader; Berger gets nod again

Nov. 28, 2022 22:20 PM EST

RALEIGH, N.C. (AP) — Incoming and returning Republicans to the North Carolina Senate chose on Monday a key lawmaker on tax, voting and energy issues to become the chamber's majority leader for the next two years. The Senate Republican Caucus, meeting privately, elected Sen. Paul...

EU-Med forum: South needs investment, immigration policies

Nov. 24, 2022 09:54 AM EST

MADRID (AP) — More investment and polices regulating immigration are needed for countries on the southern Mediterranean basin that have been hit hard by the food and energy crisis brought on by Russia's war in Ukraine, the European Union's foreign policy chief said Thursday. ...

Biden says inflation help is coming but 'will take time'

Nov. 18, 2022 14:56 PM EST

WASHINGTON (AP) — President Joe Biden cautioned on Friday that “it's going to take time” for inflation to recede, but he offered fresh assurance that legislation he signed earlier this year will soon help limit costs for health care and energy. He made the remarks while...

UK push to restore finances means higher taxes, energy bills

Nov. 17, 2022 12:08 PM EST

LONDON (AP) — Millions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief...

France sets its military goals as war is back in Europe

Nov. 09, 2022 10:57 AM EST

PARIS (AP) — President Emmanuel Macron said Wednesday that France's military strategy must strengthen the country as an independent, respected nuclear-armed power through the end of the decade, warning against a risk of escalation and other global effects of Russia’s war in Ukraine. ...

Climate Questions: Does what I do matter?

Nov. 06, 2022 09:24 AM EST

Can people's individual actions make a difference in how much carbon dioxide is emitted on an international scale? International organizations like the United Nations have called on individuals to limit their carbon footprint and live more sustainably, along with governments and corporations. ...

BP profits soar in 3Q as pressure increases for windfall tax

Nov. 01, 2022 06:04 AM EDT

LONDON (AP) — BP’s earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine. Underlying replacement cost profit, which excludes one-time items and fluctuations in the...

Biden paints oil firms as war profiteers, talks windfall tax

Oct. 31, 2022 19:44 PM EDT

WASHINGTON (AP) — President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don't boost domestic production. Biden in brief remarks criticized major oil companies for making...

Lawmakers send Wolf large package of energy tax credits

Oct. 27, 2022 11:07 AM EDT

HARRISBURG, Pa. (AP) — State lawmakers have voted for an array of tax credits, including a massive incentive designed to help Pennsylvania land one of the hydrogen energy hubs being funded with federal subsidies. Democratic Gov. Tom Wolf's spokeswoman said Thursday that he was...

Shell 3Q earnings double, stir debate on energy profit tax

Oct. 27, 2022 05:07 AM EDT

LONDON (AP) — Shell’s earnings more than doubled in the third quarter, fueling the debate over taxes on energy producers’ windfall profits as they have benefited from high oil and natural gas prices following Russia’s invasion of Ukraine. Adjusted earnings, which exclude...