Latest Energy policy News

In US, states struggle to replace fossil fuel tax revenue

May. 16, 2022 10:20 AM EDT

SANTA FE, N.M. (AP) — Government budgets are booming in New Mexico: Teacher salaries are up, residents can go to an in-state college tuition-free, moms will get medical care for a year after childbirth, and criminal justice initiatives are being funded to reduce urban violence. The...

$1B hydropower project's fate rests with Maine supreme court

May. 10, 2022 19:44 PM EDT

PORTLAND, Maine (AP) — Proponents in Maine of a stalled $1 billion energy corridor that sought to bringing Canadian hydropower to the New England power grid asked the state’s high court to breathe new life into the project Tuesday. Attorneys for developers argued that a...

Florida Gov. DeSantis signs $1B tax cut bill

May. 06, 2022 15:38 PM EDT

TALLAHASSEE, Fla. (AP) — Floridians will save on items ranging from diapers and gasoline to auto racing tickets and energy efficient appliances under a $1 billion tax cut package signed into law by Republican Gov. Ron DeSantis on Friday. The tax cut includes a one-year sales tax...

Shell reports record 1st-quarter earnings as oil prices soar

May. 05, 2022 06:50 AM EDT

LONDON (AP) — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living. London-based Shell...

Strong BP profit renews call for energy sector windfall tax

May. 03, 2022 08:01 AM EDT

LONDON (AP) — BP posted its highest quarterly profit in more than a decade thanks to surging oil and gas prices, renewing calls for a U.K. government tax on energy companies' windfall earnings to help households struggling with rising energy bills. The British energy giant said...

Florida gov vetoes bill that would end solar power credits

Apr. 27, 2022 20:41 PM EDT

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis vetoed a bill on Wednesday that would have ended solar power subsidies for residential costumers. The Republican governor killed the anti-net metering bill that had been passed by the Republican-controlled...

Texas storm motivates FPL to prepare for extreme weather

Apr. 23, 2022 03:13 AM EDT

WEST PALM BEACH, Fla. (AP) — Among the most common natural disasters that threaten Florida, its people and its power grids are hurricanes, which are fueled by warm waters during a season that stretches across spring, summer and fall. But Florida isn’t immune to...

Gov. Whitmer wants federal aid to keep nuclear plant open

Apr. 20, 2022 19:27 PM EDT

Michigan's Democratic governor wants a nuclear power plant on Lake Michigan to stay open and she's asking the federal government to pay for it. But the owner of the Palisades Power Plant says it's too late — the plant will be shut down in May as scheduled. The Biden...

Biden launches $6B effort to save distressed nuclear plants

Apr. 19, 2022 17:36 PM EDT

WASHINGTON (AP) — The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change. A certification and bidding process opened...

Arrests at WVa protest denouncing Manchin coal industry ties

Apr. 10, 2022 16:09 PM EDT

GRANT TOWN, W.Va. (AP) — Grassroots groups blocking the entrance to a West Virginia power plant denounced Sen. Joe Manchin’s ties to the coal industry, and several arrests were made. Dozens of protesters rallied Saturday outside the front gate of the coal-fired Grant Town Power...