Largest energy companies in the us

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Scottish Power has signed a £1.3 billion deal to buy 95 wind turbines for an offshore wind farm off the coast of Norfolk. The deal, with Siemens Gamesa, will build enough capacity to supply about 1.3 million homes when the wind is blowing, the company said. The East Anglia Three wind farm will be the world’s second largest and support around 2,300 jobs through its construction. Prime Minister Rishi Sunak said: “I am delighted that Scottish Power and (parent company) Iberdrola are investing in the UK – creating thousands of jobs and crucially helping millions of families keep their homes warm with cheaper, renewable energy. Recommended Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live “Encouraging … [Read more...] about Scottish Power inks turbine deal for world’s second-largest offshore wind farm

close Video Oil and green energy back GOP proposal for faster construction permits Fox News senior national correspondent Rich Edson reports that energy companies want Congress to speed up the construction permitting process, currently opposed by Biden. The Biden administration held a massive Gulf of Mexico oil and gas lease sale on Wednesday, resisting pleas from climate activists to block all new fossil fuel leasing. The sale — titled Lease Sale 259 and organized by the Department of the Interior's Bureau of Ocean Energy Management (BOEM) in New Orleans — offered a staggering 73.3 million acres of federal waters for oil and gas drilling to energy developers. While the administration abruptly canceled Lease Sale 259 last year, President Biden's Inflation Reduction Act mandated that the federal government reinstate the sale by March 31. Overall, the sale garnered bids worth $263.8 million for 313 tracts spanning 1.6 million acres. The sale is … [Read more...] about Biden admin bucks climate activists, holds enormous Trump-era oil and gas lease sale

Everything is more expensive these days—even tap water. U.S. water utility prices have been rising faster than general inflation , driven in large part by a need to replace and update aging infrastructure. New regulations to remove "forever chemicals" from drinking water will surely drive costs even higher. Although these investments are needed, low-income households can struggle to afford this essential service. That concern propelled Congress to introduce the first federal Low Income Household Water Assistance Program (LIHWAP) in 2020. Administered by the U.S. Department of Health and Human Services (HHS), LIHWAP was an emergency measure to aid a nation reeling from COVID-19. The program is set to expire at the end of this year, and some in Congress are calling to make LIHWAP a permanent, ongoing program. Before making LIHWAP a permanent part of America's alphabet soup of anti-poverty programs, we ought to consider a simpler approach to water assistance: allowing … [Read more...] about Helping People Pay Their Sky-High Water Bills Is a SNAP

I. A Broken Economy As Barack Obama prepares to accept the Democratic nomination this week, it is clear that the economic policies of the next president are going to be hugely important. Ever since Wall Street bankers were called back from their vacations last summer to deal with the convulsions in the mortgage market, the economy has been lurching from one crisis to the next. The International Monetary Fund has described the situation as “the largest financial shock since the Great Depression.” The details are too technical for most of us to understand. (They’re too technical for many bankers to understand, which is part of the problem.) But the root cause is simple enough. In some fundamental ways, the American economy has stopped working. The fact that the economy grows — that it produces more goods and services one year than it did in the previous one — no longer ensures that most families will benefit from its growth. For the first time on record, an economic expansion seems … [Read more...] about Obamanomics

In 1980 an ecologist and an economist chose a refreshingly unacademic way to resolve their differences. They bet $1,000. Specifically, the bet was over the future price of five metals, but at stake was much more -- a view of the planet's ultimate limits, a vision of humanity's destiny. It was a bet between the Cassandra and the Dr. Pangloss of our era. They lead two intellectual schools -- sometimes called the Malthusians and the Cornucopians, sometimes simply the doomsters and the boomsters -- that use the latest in computer-generated graphs and foundation-generated funds to debate whether the world is getting better or going to the dogs. The argument has generally been as fruitless as it is old, since the two sides never seem to be looking at the same part of the world at the same time. Dr. Pangloss sees farm silos brimming with record harvests; Cassandra sees topsoil eroding and pesticide seeping into ground water. Dr. Pangloss sees people living longer; Cassandra sees rain … [Read more...] about Betting on the Planet

Eyes on the Fed This week, the Federal Reserve will decide on its next move for interest rates. The decision, expected to be announced on Wednesday, will almost certainly be to raise its benchmark rate. The U.S. economy is facing its worst bout of inflation in four decades, and higher interest rates are likely to slow the economy and ease price increases. But how much remains a question. Many on Wall Street believe that the Fed is likely to raise interest rates by as much as a full percentage point . If that happens, it would be the first time the Fed has raised rates that much in one meeting since at least the 1980s. The central bank has vowed to do whatever it takes to lower inflation — much like it did in the 1980s under Paul Volcker. The Fed’s express goal, however, is to cool the economy without crushing it. In an op-ed yesterday in The Wall Street Journal , Senator Elizabeth Warren of Massachusetts writes that the Fed’s interest-rate hikes “won’t address many causes … [Read more...] about Cooling the Economy Without Crushing It