Latest Energy industry News

Russian shelling heavy in east; Ukraine strikes key bridge

Aug. 13, 2022 14:31 PM EDT

KYIV, Ukraine (AP) — Russia's military pounded residential areas across Ukraine overnight, claiming gains, as Ukrainian forces pressed a counteroffensive to try to take back an occupied southern region, striking the last working bridge over a river in the Russian-occupied Kherson region,...

Climate bill: Could coal communities shift to nuclear?

Aug. 13, 2022 13:20 PM EDT

PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The...

Germany urged to cap heat in offices this winter to save gas

Aug. 13, 2022 12:59 PM EDT

BERLIN (AP) — German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country's consumption of natural gas, Germany’s economy minister said Saturday. Germany, the European...

Gas prices below $4 per gallon for first time since March

Aug. 13, 2022 10:30 AM EDT

TRENTON, N.J. (AP) — Gas prices have dropped below $4 a gallon on average across the nation for the first time since early March as lower crude oil prices helped offset an increase in demand, analysts said. AAA Mid-Atlantic says the average price of a gallon of regular gas in New...

Monkeypox? Climate? Deciding what's a national emergency

Aug. 13, 2022 09:12 AM EDT

WASHINGTON (AP) — In November 1979, a little over a week after student militants seized control of the U.S. Embassy in Tehran and took 52 American citizens hostage, President Jimmy Carter issued Executive Order 12170 declaring a national emergency against Iran. That order remains...

Pipeline break spills 45,000 gallons of diesel in Wyoming

Aug. 12, 2022 19:28 PM EDT

BILLINGS, Mont. (AP) — A diesel pipeline in Wyoming owned by a company that's being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons (205,000 liters) of fuel, state regulators and a company representative disclosed Friday. ...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 19:27 PM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Judge revives Obama-era ban on coal sales from US lands

Aug. 12, 2022 18:29 PM EDT

BILLINGS, Mont. (AP) — A federal judge on Friday reinstated a moratorium on coal leasing from federal lands that was imposed under former President Barack Obama and then scuttled under former President Donald Trump, in an order that marked a major setback to the already struggling coal industry....

California governor proposes extending nuclear plant's life

Aug. 12, 2022 17:34 PM EDT

LOS ANGELES (AP) — California Gov. Gavin Newsom on Friday proposed extending the life of the state’s last operating nuclear power plant by five to 10 years to maintain reliable power supplies in the climate change era. The proposal to keep the Diablo Canyon Nuclear Power Plant...

Wall Street extends winning streak to 4th week

Aug. 12, 2022 17:00 PM EDT

Wall Street capped a choppy week of trading with a broad stock market rally Friday, as the S&P 500 notched its fourth consecutive weekly gain. The benchmark index closed 1.7% higher, for a 3.3% weekly gain. The S&P 500 hadn't posted such a good stretch since November. ...