Business

Energy

Two days ago in these pages, I published a piece that put the utility debt related to Winter Storm Uri that will have to be repaid by Texas ratepayers at $10.1 billion. A new report commissioned by NRG Energy puts that sum at $10.5 billion.

It’s suddenly the most exciting time in clean energy and sustainability investing in years.

California's new electric vehicle mandate appears headed down a dead end.

The deal is Amazon's biggest move yet into hydrogen as another option for hitting the company's carbon-reduction goals.

Gas prices have been sky-high this summer, which should mean good news for the refinery industry. Yet, despite a tight demand, a combination of factors has discouraged investment. The U.S. expects to need refined products for years to come, but struggles to determine how it will get them.

A confluence of reports on Chevron activities in July-August 2022 is intriguing yet confounding. Profits have soared but the super-major is grappling with environmental issues.

It's been a wild week in the world of energy policy, both in the U.S. and internationally.

Texas ratepayers are on the hook for at least $10.1 billion in debt that was incurred during the deadly February 2021 storm and they will be paying off much of that debt for the next 30 years.

The hoarding strategy helped Chinese multinationals in Southeast Asia lobby successfully against a U.S. trade investigation this year.

Tesla’s stock has risen roughly 25% since announcing the proposed stock split in June.

The energy transition depends on the mining industry. Without massive investments in base metals and key minerals, Europe and North America will fail to meet their carbon emissions targets. Although ESG investors may hesitate to fund mining as it exists, a cleaner and safer industry is coming.

New studies from global energy analytics and intelligence firms Rystad Energy and Enverus project billions in new energy-related investments coming to the booming Texas and Louisiana Gulf Coast.

Europe’s worst drought and heatwave in half a millennium is also a disaster in the realm of energy. It is the drought, especially the drying of European rivers, which should worry everyone the most.

Saudi Arabia's threat to cut oil production is a shot over the bow of the Biden administration over its talks with Riyadh's arch-enemy Iran to revive the nuclear deal. The Saudi move undermines Biden's attempts to increase global oil supplies and is a sign that OPEC will defend $100 oil prices.

The Inflation Reduction Act will speed the coal to clean shift and a just transition by providing billion to back $250 billion in low-cost loans for utilities to retire coal plants and $10 billion to invest in clean technologies.

Energy demand continued to grow exponentially in 2021, far outpacing the growth rate of all other energy sources.

The interplay of market forces and political choices for 2021 is clearly at play in global energy markets this year. A growing focus on energy security is boosting coal and renewable consumption. How will this impact the ongoing recovery in global energy supply?