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An offshore wind venture between BP Plc and Japan’s Jera Co. plans to close its operating activities in the US as the clean energy resource faces pressure from the Trump administration. JERA Nex bp — the merged offshore wind units of the two companies — said all team members in the US market will leave …
HALTING OPERATIONS – BP Wind Venture to Halt US Operations as Sector Faces Pushback Read More »
Summary Companies Orders for new US offshore wind vessels have stopped Ports adjust plans, face delays after federal funding losses Trump administration says it can revive US maritime industries without offshore wind (Reuters) – U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, …
US Shipbuilders, Ports Take Knock-On Hit From Trump Assault on Offshore Wind Read More »
(Reuters) – Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic. In North America, natural gas is primed to remain the main power source for factories and production lines thanks …
Energy Transition Set to Divide Manufacturers Across the Atlantic Read More »
(Reuters) – The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy …
US Energy Prices to Spike on Trump’s Axing of Grants, Senator Says Read More »
Oct 16 (Reuters) – Nearly two dozen states are suing the Trump administration over its cancellation of a $7 billion grant program aimed at expanding solar energy in low-income communities, according to court papers. In a statement on Thursday, California Attorney General Rob Bonta announced two lawsuits by a group of states that received grants …
States Sue to Stop Trump Cancellation of $7 Billion Solar Grant Program Read More »
By Jack Queen Oct 15 (Reuters) – A federal judge in Montana on Wednesday threw out a lawsuit by youth activists seeking to block U.S. President Donald Trump’s pro-fossil fuel energy policies, finding he lacked the power to act. A group of young people represented by the nonprofit Our Children’s Trust sued in May, arguing …
US Judge Dismisses Youth Activists’ Lawsuit Challenging Trump’s Energy Policies Read More »
By Alastair Marsh and Will Mathis The US will struggle to generate the energy it needs to power growth in its tech industry without including wind and solar, according to JPMorgan Chase & Co.’s global head of sustainable solutions. “It’s difficult to conceive of a situation in which they won’t need to tap into those …
JPMorgan Says US Risks Missing Energy Goals Without Wind, Solar Read More »
Support from the Trump administration, rising energy demand and cheaper drilling methods are boosting lease prices of US public land for geothermal development. By Renata Carlos Daou For the first time in years, the US federal government has leased every parcel of public land it has opened for geothermal development — and at record prices. …
Companies Are Paying Record Sums to Develop Geothermal Energy Read More »
Seatrium shares drop 6.5% after contract cancellation Maersk cites construction delays Seatrium considers legal action over contract termination Trump administration previously halted Empire Wind project work Oct 10 (Reuters) – Shipbuilder Seatrium (SEAT.SI) said Denmark’s Maersk (MAERSKb.CO) terminated a $475 million contract for a nearly finished offshore wind vessel that was intended to work on …
Maersk Cancels $475 Million Contract For US-Bound Offshore Wind Vessel Read More »
Summary Orsted plans to cut 2,000 jobs by 2027 Danish company to focus more on offshore wind and Europe Reuters) – Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S. …
Orsted Axes Quarter of Jobs, Pivots to Europe After US Setbacks Under Trump Read More »
