Latest Energy industry News

Court leaves dwindling paths for Biden's climate mission

Jul. 01, 2022 10:04 AM EDT

WASHINGTON (AP) — More than 500 days into his presidency, Joe Biden's hope for saving the Earth from the most devastating effects of climate change may not quite be dead. But it's not far from it. A Supreme Court ruling Thursday not only limited the Environmental...

Russia seizes control of partly foreign-owned energy project

Jul. 01, 2022 09:13 AM EDT

MOSCOW (AP) — Russian President Vladimir Putin has handed full control over a major oil and natural gas project partly owned by Shell and two Japanese companies to a newly created Russian firm, a bold move amid spiraling tensions with the West over Moscow's military action in Ukraine. ...

Governor suspends Georgia gas taxes through mid-August

Jul. 01, 2022 08:54 AM EDT

ATLANTA (AP) — Georgia's governor is extending the suspension of the state's motor fuel tax through mid-August. Gov. Brian Kemp on Friday signed an executive order extending the suspension for a second time. The order also suspends the state sales tax on locomotive fuel. ...

Inflation hits record 8.6% for 19 countries using the euro

Jul. 01, 2022 07:02 AM EDT

LONDON (AP) — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine. Annual inflation in the eurozone's 19 countries hit 8.6% in June, surging past the 8.1% recorded in May,...

Inflation in the 19 countries using the euro hits record 8.6% as energy costs keep surging amid Russia's war in Ukraine

Jul. 01, 2022 05:04 AM EDT
BRUSSELS (AP) — Inflation in the 19 countries using the euro hits record 8.6% as energy costs keep surging amid Russia's war in Ukraine.

New York officials rule against bitcoin-mining power plant

Jul. 01, 2022 00:04 AM EDT

ALBANY, N.Y. (AP) — New York officials denied required air permit renewals Thursday to a bitcoin-mining power plant on the grounds that it was a threat to the state's climate goals. The permitting decision was another example of New York putting the brakes on a cryptocurrency...

Asian shares mostly lower after pessimistic 'tankan' survey

Jun. 30, 2022 23:50 PM EDT

TOKYO (AP) — Asian benchmarks were mostly lower on Friday, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy. Recent data suggest global growth is slowing as countries grapple with...

To avoid blackouts, California may tap fossil fuel plants

Jun. 30, 2022 21:02 PM EDT

SACRAMENTO, Calif. (AP) — Looking to avoid power blackouts, California may turn to the one energy source it's otherwise desperate to get rid of: fossil fuels. A sweeping energy proposal Gov. Gavin Newsom signed Thursday puts the state in the business of buying power to ensure...

McConnell warns Dems of fallout for reviving Biden bill

Jun. 30, 2022 20:22 PM EDT

WASHINGTON (AP) — Senate Republican leader Mitch McConnell threatened Thursday to derail a bill designed to boost semiconductor manufacturing in the United States if Democrats revive their stalled package of energy and economic initiatives. The rejuvenation of the Democratic...

First oil sales on public land under Biden bring $22 million

Jun. 30, 2022 18:59 PM EDT

BILLINGS, Mont. (AP) — Energy companies bid more than $22 million to secure drilling rights on about 110 square miles (285 square kilometers) of public lands in the western U.S. on Thursday, during the first onshore oil and natural gas lease sales since President Joe Biden took office. ...