The president has previously drawn down the Strategic Petroleum Reserve to ease price pressures, but that could be more difficult now
Category: Energy and Power
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Green Energy Builders Sought $12 Billion More Subsidies. New York Said No.
The developers will have to decide whether to absorb the higher-than-expected costs or break their contracts with the state.
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Green Energy Casts a Shadow Over a Cherished English Landscape
Residents of East Anglia fear that planned power lines for offshore wind projects will blight their rural idyll.
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Stocks and Bonds Have Taken Losses. Invest in Them Anyway.
Most people have lost money in the markets over the last several months, but people who have held on have prospered, our columnist says.
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No Bidders in British Offshore Wind Auction
In a potentially troubling sign for the industry, wind farm developers declined to bid. They say rising costs make the terms offered by the government unreasonable.
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At 30%, Solar Panel Tax Credits Are at a High Point for Now
For about the next decade, homeowners can take advantage of the U.S. tax code to save on installation and reduce their electric bills.
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Hawaiian Electric Was Warned of System Fragility Before Maui Wildfire
The utility knew it needed to upgrade its equipment but did not make changes that could have reduced risks of fires, energy experts said.
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G.M. Will Add Backup Power Function to Its Electric Vehicles
As extreme weather events lead to more power outages, the carmaker said it would equip all its electric vehicles to act as sources of emergency power.
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Offshore Wind Runs Into Rising Costs and Delays
Some troubled projects are raising concerns about the role to be played by offshore wind farms in tackling climate change.
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BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.
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Why Austria Is Struggling to Break Away From Russian Gas
Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine.
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Exxon Reports Leaner Earnings in Second Quarter
The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.