The former CEO of Australia’s largest renewable energy provider has taken issue with the Albanese Labor government’s green energy policies. Paul Broad, former head of the government-owned Snowy Hydro company, said the government would fail to meet its target of producing 82 percent of the country’s energy from renewable sources by 2030. The comments came…
80 Years Before Australia Reaches Net-Zero Goal: Former Snowy Hydro CEO
ANALYSIS: Toxicity of Lithium-Ion Batteries at Odds With Push for Electric Vehicles
Government leaders are pushing for the widespread adoption of electric vehicles (EVs), but there are concerns about the vast amounts of mineral mining necessary for battery production and the ensuing waste management issues taking a toll on the environment. Lithium, the primary component of an EV battery, can be highly environmentally polluting in its extraction and…
Oil Prices Rise as Concerns About US Economy Persist
May 15, 2023
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Business & Marketseconomic recessioneconomyenergyGold and CommoditiesMarketsoil pricesoil productionPolicies & ImpactsUS
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Oil prices rose during early Monday trading after a long streak of weekly declines, with the overall market sentiment expected to remain lukewarm due to worries about the state of the American economy. Brent crude oil prices were trading at $75.42 per barrel on Monday, as of 10:44 a.m. EST, up from its opening of…
Federal Reserve Governor: Climate Change Doesn’t Pose ‘Material’ Risk to US
May 12, 2023
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Business & MarketsChristopher Wallereconomic policieseconomyenergyEuropeFederal ReservePolicies & ImpactsUSUS NewsWorld
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Federal Reserve Gov. Christopher Waller said that climate change does not present a “sufficiently unique” risk to the U.S. financial system. Regarding climate change, or the theory that the Earth’s temperatures are warming due to human activity, “I do not believe it poses a serious risk to the safety and soundness of large banks or…
State Attorneys General Act to Stop BlackRock from Acquiring Large Stakes in US Electric Utilities
May 12, 2023
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BlackRockBusiness & MarketsCompanieseconomic policiesenergyESGfercGold and CommoditiesinflationInvestmentMarketsUSUS Electric GridUS NewsVanguard
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State attorneys general of 17 states filed a motion this week with the Federal Energy Regulatory Commission (FERC) to stop BlackRock, the world’s largest asset manager and an outspoken advocate for replacing fossil fuels with wind and solar power, from acquiring large shares in America’s utility companies. To protect the independence and stability of America’s…
IN-DEPTH: Iowa Supreme Court Will Likely Hear Challenge to Land Surveys on Private Property
May 12, 2023
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Business & Marketscarbon captureCompaniesconstitutional rightseconomyenergyFeatured TopicsInvestmentIowaPolicies & ImpactsRegional & State NewsRegional NewsUS
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An Iowa Judge recently ruled in a Clay County case that a state law regarding access to private property for land surveys is unconstitutional. Another judge in a similar Hardin County case determined on May 10 that the same law is constitutional. Brian Jorde, managing lawyer at Domina Law Group in Omaha, Nebraska, who represents…
Australian Lithium Company Enters into $15.7 Billion Merger with US Partner
A new global lithium giant will emerge from the $15.7 billion (US$10.6 billion) merger between one of Australia’s largest lithium producers and a U.S.-based company. On May 11, Brisbane-headquartered Allkem and New York Stock Exchange-listed Livent announced that the two companies would enter into a merger of equals. The result of which will be an entity…
Greens Call for Essential Services to Be Returned to Government Ownership
The Australian Greens want the federal government to turn back the clock and become a net provider of essential services in the Australian energy industry, with party leader Adam Bandt decrying the private ownership of the energy sector. Bandt, during his address to the National Press Club, said that Australia needed large-scale public investment in…
Wind Power Is UK’s Biggest Electricity Source for 1st Time
Wind turbines have generated more electricity than gas for the first time in the UK, figures show. Research from Imperial College London reveals almost a third, or 32.4 percent, of the country’s electricity was generated by on and offshore wind farms in the first quarter of the year. Gas-fired powered stations delivered 31.7 percent. The…
IN-DEPTH: Biden EPA Proposes Stringent Rules for Carbon Emissions from Coal, Oil, Natural Gas Power, Boosting Carbon Capture
May 11, 2023
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Business & Marketscarbon capturecoaleconomic policieseconomyemissionsenergyEnvironmentEPAExecutive BranchPolicies & ImpactsPoliticsScienceSocial IssuesUSUS FeaturesUS News
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After weeks of buildup, the Environmental Protection Agency (EPA) finally unveiled a new suite of carbon emissions proposals for power produced using natural gas, coal, and oil that could spur the use of carbon capture technologies. The standards released on May 11 would impact new and old power infrastructure, including new natural gas turbines and…
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