China, the largest coal consumer in the world, saw coal power projects jump in 2022 despite the country’s commitment to cut down coal consumption by the end of this decade. In 2022, coal power construction starts, new project announcements, and plant permissions “accelerated dramatically” in China, according to a February report (pdf) by Global Energy…
Coal Powering China as ‘Equivalent of Two Large Coal Power Plants’ Permitted to Open Each Week
March 2, 2023
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Push for Green Energy Increases US Reliance on China, Benefiting Regime: Cybersecurity Expert
March 2, 2023
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BHRBusiness & MarketsChinaeconomic policiesenergyExecutive BranchPolicies & ImpactsPoliticsUSUS-China relations
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The push for green energy is increasing U.S. reliance on China and, thus, is benefiting the communist regime immensely, according to Rex Lee, a cybersecurity adviser at My Smart Privacy. As the Biden administration “races to deploy green energy,” the demand for materials to produce electric vehicle batteries—such as lithium and cobalt—continues to surge. Meanwhile,…
UK Renewables Generated More Electricity Than Gas This Winter, Think Tank Claims
British-based renewables generated more electricity than gas this winter, an energy think tank has claimed. According to the Energy and Climate Intelligence Unit (ECIU), between Oct. 1, 2022, and Feb. 28, 2023, power generated by wind, hydro, and solar reached 47 terawatt hours (TWh), slightly exceeding the electricity generated by gas over the same period….
Democrats Back Corporations as GOP Punishes Them
March 2, 2023
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Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
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News Analysis The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov….
Trading Places: Democrats Back Corporations as GOP Punishes Them
March 2, 2023
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Business & MarketsCharles Schumereconomic policieseconomyenergyESGGov. Ron DeSantispension plansPolicies & ImpactsPoliticsretirement savingsUSUS News
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The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov. Ron DeSantis,…
Eurozone Inflation Eases in February but Core Prices Surge
March 2, 2023
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FRANKFURT—Eurozone inflation fell less than expected last month and underlying price growth surged, reinforcing the case for the European Central Bank to keep raising interest rates at a brisk pace, data from Eurostat showed on Thursday. Consumer price inflation in the 20 countries sharing the euro currency eased to 8.5 percent in February from 8.6…
Oil Gains on China Growth, but European Inflation Weighs
March 2, 2023
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LONDON—Oil edged higher on Thursday, though gains made on signs of a strong economic rebound in top crude importer China were kept in check by fears over the impact of potential increases to European interest rates. Brent crude futures rose 43 cents, or 0.51 percent, to $84.74 a barrel by 1017 GMT. U.S. West Texas…
Global Stocks Lower After Inflation Fuels Rate Fears
March 2, 2023
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BEIJING—Global stock markets declined Thursday after signs of enduring upward pressure on U.S. and European prices raised expectations that interest rates will stay higher for longer. London, Shanghai, Frankfurt, and Tokyo retreated. Oil prices fell. Wall Street futures were lower after a survey showed prices paid by U.S. manufacturers rose in February for the first…
Senate Budget Committee Mulls Climate Risk to US Coastline Communities and Regions
March 1, 2023
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The Senate Budget Committee on March 1 heard testimony on the costs U.S. coastal communities may be facing because of shifts in the Earth’s climate. “Coastal communities will become harder places to live and work, and real estate values and local tax bases will decline,” predicted Sen. Sheldon Whitehouse (D-R.I.), who now chairs the committee,…
Red States Led the Country in Solar and Wind Production in 2022: Report
A new report finds that national renewable energy capacity rose last year, with wind and solar up 16 percent compared to 2021. Red states are leading the United States in both wind and solar power, according to the report by Climate Central, a nonprofit science communication organization. Texas, in particular, is a leader in both solar and wind power,…
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