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☆ Data centers are booming. Their need for power is causing utilities to retreat on green energy.
▼ + stars: | 2023-10-09 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +18 min

Katie Hobbs at Google's September announcement of a a new $600 million data center in Mesa, Arizona. The amount of electricity needed to power data centers in the U.S. is expected to more than double by 2030, according to McKinsey. "With data centers, you're going to do all of the above to have capacity to meet those loads." Utilities struggle to meet data center loads while cutting carbonThe utility-level impact of the data center industry's energy demand reaches beyond Phoenix. In preliminary documents, it has identified data centers as "the major source of load growth during 2023-2038."

Persons: Karla Moran, Moran, Katie Hobbs, you've, Terry Boston, James Glynn, Glynn, Caryn Potter, it's, OPPD, that's, David Corbin, Corbin, Valerie Plesch, Aaron Ruby, Devon Smiley, Smiley, Lee Kestler, Ruby, George Frey, Wendy Bridges, Bridges, Jill Hanks, Hanks, Potter, Meghin Delaney, Reno, Kestler, EdgeCore, Hunter Holman, Delaney, Holman Organizations: Microsoft, Google, Digital Realty, Arizona Gov, McKinsey, PJM, Columbia University's Center, Global Energy Policy, Southwest Energy Efficiency, Utilities, Omaha Public Power, Sierra Club's, The Washington, Getty, Dominion Energy, Dominion, Blackstone, KKR, APS, Phoenix, Goodyear, NV Energy, Reno, Bay Area, Silver State, Western Resource Locations: Phoenix, Salt, Mesa , Arizona, City, Mesa, U.S, Arizona, Phoenix . Omaha , Nebraska, New York, Sierra Club's Nebraska, Woodbridge , Virginia, Virginia, Nebraska, OPPD, Eagle Mountain , Utah, Brookfield, Seattle, Goodyear, Bay, Nevada, Reno, Las Vegas, North

☆ South China Sea tensions are flaring between the Philippines and China. Here's why it matters for the world
▼ + stars: | 2023-09-29 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +10 min

Over the past two decades, China has occupied a number of obscure reefs and atolls far from its shoreline across the South China Sea, building up military installations, including runways and ports. Video Ad Feedback Why it matters who owns the seas (April 2021) 03:48 - Source: CNNWhy does the South China Sea matter? The South China Sea is home to hundreds of largely uninhabited islands and coral atolls and diverse wildlife at risk from climate change and marine pollution. The US is not a claimant to the South China Sea, but says the waters are crucial to its national interest of guaranteeing freedom of the seas worldwide. Marcos has strengthened US relations that had frayed under his predecessor, with the two allies touting potential future joint patrols in the South China Sea.

Persons: It’s, China’s, Defense Lindsey Ford, ”, Stringer, Ferdinand “ Bongbong ” Marcos Jr, Jay Batongbacal, “, Marcos Jr, Rodrigo Duterte, Marcos, Gregory Poling Organizations: Hong Kong CNN —, Navy, CNN, US Energy Information Agency, Communist Party, United, US Navy, Defense, Asia, Washington -, Strategic, International Studies, Ford, Spratly Islands, University of the, Philippine Coast Guard, China’s Ministry of Foreign Affairs, Transparency, Philippines Mutual Defense Locations: Hong Kong, South China, China, Beijing, Philippines, United States, South, The Philippines, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Manila, Scarborough, Spratly, People’s Republic of China, Washington, Philippine, University of the Philippines, Asia

☆ Taiwan aims to shed dirty power reputation with big wind push: Maguire
▼ + stars: | 2023-09-28 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

WIND POWERED GROWTHSolar power was Taiwan's largest source of renewable energy generation in 2022, with 10.69 terawatt hours (TWh) of electricity produced, compared to 3.53 TWh from wind. In comparison, fossil fuels generated 239 TWh of Taiwan's electricity last year, Ember data shows. REGIONAL REPERCUSSIONSDespite jitters from some developers, overall progress on Taiwan's wind projects continues, and new investments in major offshore ventures were announced just this month by Japanese trading house Mitsui & Co. The continued construction of Taiwan's renewable energy capacity has repercussions for both its domestic power sector and for global fossil fuel export markets. The country's famed semiconductor industry, the world's largest, is aiding the national push for greater renewable energy generation, and has set itself a goal of being powered by 100% green energy supplies by 2040.

Persons: Thomas Peter Acquire, Gavin Maguire, Simon Cameron, Moore Organizations: REUTERS, China, Global Energy Monitor, Japan's, Mitsui, Co, Reuters, Thomson Locations: Taiwan, Pingtan, Fujian province, China, LITTLETON , Colorado, Asia, South Korea, Japan, India, Taipei, Beijing, Kpler

A flock of goats gather under a set of power lines above Diablo Canyon nuclear power plant at Avila Beach, California. A flock of goats gather under a set of power lines above Diablo Canyon nuclear power plant at Avila Beach, California June 22, 2005. In addition, there are about $5 billion to $8 billion in hydrogen projects in the pipeline at LPO, he added. Critics of nuclear power say that it is too expensive to make a big difference on climate and that even so-called advanced nuclear power projects could create toxic waste that has to be dealt with. Shah did not specify what kind of projects joining nuclear and hydrogen LPO might consider.

Persons: Shah, Timothy Gardner, Rami Ayyub Organizations: US Energy Corp, WASHINGTON, Office, U.S . Department of Energy, Reuters, Hydrogen, America, Thomson Locations: Avila Beach , California, U.S, Houston, LPO

☆ Goldman Sachs warns US energy policy is backfiring
▼ + stars: | 2023-09-27 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN Business —America’s emergency oil stockpile has plunged to 40-year lows. It has less levers left in its policy toolkit,” Daan Struyven, head of oil research at Goldman Sachs, told CNN in a phone interview. That’s one reason Goldman Sachs expects oil prices to stay high, averaging $100 a barrel this time next year. Saudi Arabia has an incentive to keep oil prices high in order to balance their budget. “Extremely high prices destroy long-term demand for Saudi barrels,” Struyven said.

Persons: Goldman Sachs, Daan Struyven, Biden, ”, Jennifer Granholm, Saudi Arabia’s, “, ” Struyven, Struyven, ” Francisco Blanch, Doug Lawler, “ That’s, ” Lawler, BofA’s Blanch, ” Blanch, ” Goldman’s Struyven, That’s Organizations: New York CNN Business —, Strategic Petroleum Reserve, CNN, Triple, White, Industry, Wall, The Energy Department, ”, Saudi, OPEC, AAA, Aramco, Bank of America, Resources, Bloomberg, Energy Department Locations: Saudi, Ukraine, Saudi Arabia, Russia, Saudi Aramco, OPEC

☆ Mexico eyes US energy exports from solar farm, chip supply chain role
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Mexico’s state of Sonora Governor Alfonso Durazo speaks during an interview with Reuters in Taipei, Taiwan September 25, 2023. During a visit to Taiwan, Sonora Governor Alfonso Durazo said the "Plan Sonora" solar energy project would not only help improve domestic connectivity to the national grid, but also to export to the United States. "We want to convert our state into an exporter of clean energy, particularly for semiconductor and electric vehicle industries." "Assuming as a natural complement of all these processes of relocation of investment in Arizona, we also see TSMC as an obvious option for Sonora state," he said. Sonora also boasts major lithium deposits, which Lopez Obrador formally nationalised in Mexico earlier this year.

Persons: Alfonso Durazo, Carlos Garcia Rawlins, Andres Manuel Lopez Obrador's, Durazo, Foxconn, Lopez, Ben Blanchard, Carlos Garcia, Jamie Freed Organizations: Reuters, REUTERS, Rights, Puerto, Apple, Hsinchu Science Park, EV, Thomson Locations: Sonora, Taipei, Taiwan, Rights TAIPEI, California, Arizona, Mexican, United States, Mexico, Foxconn, Hsinchu

☆ The US is planning its first fusion plant, and it could generate pollution-free power by 2035
▼ + stars: | 2023-09-25 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Nuclear fusion is a breakthrough technology that could help the US achieve pollution-free power. Calling nuclear fusion a pioneering technology, Granholm said President Joe Biden wants to harness fusion as a carbon-free energy source that can power homes and businesses. A successful nuclear fusion was first achieved by researchers at the Lawrence Livermore National Laboratory in California last December in a major breakthrough after decades of work. Nuclear energy is an essential component of the Biden administration's goal of achieving a carbon pollution-free power sector by 2035 and net zero emissions economy by 2050. "We want to see everybody moving forward as quickly as possible (on the clean energy transition), including ourselves," she said.

Persons: it's, —, Biden, Jennifer Granholm, Granholm, Joe Biden, It's, Dennis Whyte, Rishi Sunak, Sunak Organizations: Service, US, Associated Press, Lawrence Livermore National Laboratory, Control, Plasma Science, Fusion Center, Massachusetts Institute of Technology, Energy, UK Locations: VIENNA, Vienna, California, France, Washington

☆ Mexican President Eyes Washington Meeting With Biden in November
▼ + stars: | 2023-09-21 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday he had proposed a visit to Washington in November to meet with U.S President Joe Biden, and had also invited Biden to visit Mexico. Speaking at a regular government press conference, Lopez Obrador said that he planned to discuss migration, drug trafficking, violence and trade with his U.S counterpart. He said he had proposed Washington because he was no longer going to attend the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco in November, citing Mexico's lack of diplomatic relations with Peru, the APEC forum's next chair. The Mexican president added that another possibility would be to meet Biden in January during a North American leaders' summit due to be hosted by Canada. The president said if Biden came to Mexico, he would invite him to see various energy and infrastructure projects under construction - including his multi-billion dollar flagship Tren Maya railway line - in the Gulf of Mexico and southern Mexico.

Persons: Andres Manuel Lopez Obrador, Joe Biden, Biden, Lopez Obrador Organizations: MEXICO CITY, U.S, Economic Cooperation, APEC, Biden, Canada, Mexico City Locations: MEXICO, Washington, Mexico, Asia, San Francisco, Peru, Gulf of Mexico

☆ Mexican president to skip U.S.-hosted summit, floats Washington meeting with Biden
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Mexico's President Andres Manuel Lopez Obrador and Chile's President Gabriel Boric (not pictured) deliver a statement to the media at La Moneda government palace in Santiago, Chile, September 10, 2023. "I'm not going to attend the San Francisco one because we don't have relations with Peru," Lopez Obrador said, speaking at a regular government press conference. Just last month Lopez Obrador said he intended to be at the APEC event and would hold talks with Biden there. The U.S. will be the chair of the summit in San Francisco. Lopez Obrador said he would discuss migration, drug trafficking, violence and trade with Biden.

Persons: Andres Manuel Lopez Obrador, Gabriel Boric, Ivan Alvarado, Joe Biden, Lopez Obrador, I'm, Biden, Lopez Obrador's, Pedro Castillo, Jake Sullivan, Lopez, Andrea Shalal, Dave Graham Organizations: La, REUTERS, U.S, Economic Cooperation, APEC, Peruvian, Canada, White House, Mexico City, Thomson Locations: Santiago , Chile, MEXICO, San Francisco, Washington, Asia, Peru, Francisco, U.S, San Francisco . Mexico, United States, Lima, Americas, Los Angeles, Cuba, Venezuela, Nicaragua, White, Mexico, Gulf of Mexico

☆ Analysis: Sizzling rally in US energy stocks has room to run, bulls say
▼ + stars: | 2023-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

Some believe a tight oil market and resilient U.S. growth will keep energy stocks rising for the rest of 2023. Bullish investors argue that energy stocks are still cheap by historical standards - and far less richly valued than other areas of the market. The energy sector currently trades at a forward price to earnings ratio of 12.2, well below its historical median forward P/E of 15.3, according to LSEG Datastream. Parts of the market appear skeptical energy stocks have much further to run. "That should result in a ... smoother ride for energy stocks than we’ve been accustomed to."

Persons: Bing Guan, LSEG, Charles Lemonides, Baker Hughes, Savita Subramanian, Brent, Bjarne Schieldrop, Rodney Clayton, we’ve, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: Exxon, Mobil, REUTERS, Energy, West Texas, Federal, drillers, U.S . Energy, Administration, Global, Citi, Brent, SEB Research, Macquarie, Duff, Phelps Investment Management, Thomson Locations: Beaumont , Texas, U.S, Saudi Arabia, Russia, China

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. He said oil and gas reserves are depleting at 5-7% annually, and output will decline if companies stop investing to replace them. The Canadian government has not finalised subsidies for projects to capture and sequester emissions and is developing a cap on oil and gas emissions. Not all oil companies are reducing spending on production. Greater oil production could provide the revenue to pursue net-zero aims, Rath said.

Persons: Agustin Marcarian, Darren Woods, Amin Nasser, ", Aditya Ravi, Rystad's, Alex Pourbaix, Pourbaix, that's, Chris Severson, Baker, Omar Farouk Ibrahim, Ranjit Rath, Rath, Carlos Travassos, Yrjo Koskinen, Rod Nickel, Nia Williams, David Gregorio Our Organizations: REUTERS, Rights, World Petroleum Congress, Exxon Mobil, Aramco, Rystad Energy, International Energy Agency, Cenovus Energy, Canadian, European Union, Deloitte, African Petroleum Producers ' Organization, United Nations, Oil India, Investment, Petrobras, PETR4, University of Calgary, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights CALGARY , Alberta, Calgary, United States, Paris, Pembina, India, SA, Calgary , Alberta

☆ The US-Iran prisoner deal is a diplomatic breakthrough, but the bad blood persists
▼ + stars: | 2023-09-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

The carefully choreographed agreement was years in the making and is being seen as a major diplomatic breakthrough for the two foes. The Biden administration is unlikely to engage in “meaningful revival” of the 2015 nuclear deal, said Sanam Vakil, director of the Middle East and North Africa program at the Chatham House think tank in London. Production is the highest it’s been since 2018, when Trump withdrew from the 2015 nuclear deal and reimposed sanctions on Iran. The Islamic Republic’s oil exports have also increased, averaging 1.9 million bpd in August, Reuters reported, citing shipping firm TankerTrackers.com. “Those claiming that Biden is ignoring Iran’s exports are assuming that Biden can just shut down Iran’s exports through sanctions,” he said.

Persons: “, ”, Biden, Trump, Sanam Vakil, Ali Vaez, That’s, Ali Ahmadi, there’s, Rafael Mariano Grossi, Nasser Kanaani, Ebrahim Raisi, Raisi, ” Raisi, Trita Organizations: CNN, Five, Biden, Chatham House, Group, International Atomic Energy Agency, IAEA, Petroleum, Trump, Reuters, US Energy, Geneva Centre, Security, Islamic, Sunday, US Republican Party, US Treasury Department, NBC, Quincy Institute Locations: Iran, Qatar, United States, Washington, Tehran, East, North Africa, London, China, Islamic Republic, Russia, Ukraine, Washington ,

☆ Alberta premier wants to unveil carbon capture storage tax credits at COP 28
▼ + stars: | 2023-09-18 | by ( Nia Williams | ) www.reuters.com time to read: +1 min

CALGARY, Alberta, Sept 18 (Reuters) - Alberta Premier Danielle Smith said on Monday she wanted to announce the details of investment tax credits to support carbon capture and storage (CCS) projects at the COP 28 climate summit in Dubai at the end of this year. Smith made the announcement during a news conference on the sidelines of the World Petroleum Congress in Calgary. Alberta is Canada's main producer of crude oil and natural gas, and its highest carbon-emitting province. COP 28 runs from Nov. 30 until Dec. 12. Reporting by Nia Williams; writing by David Ljunggren; Editing by Leslie Adler and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Danielle Smith, Smith, Nia Williams, David Ljunggren, Leslie Adler, Richard Chang Organizations: World Petroleum Congress, Pathways Alliance, Suncor Energy, Cenovus Energy, Thomson Locations: CALGARY, Alberta, Dubai, Calgary . Alberta, Ottawa

☆ The boss is back in charge
▼ + stars: | 2023-09-17 | by ( Beatrice Nolan | Sarah Jackson | ) www.businessinsider.com time to read: +7 min

After a brief transition of power to workers, it feels like bosses are back in charge. Between the rise of AI, return-to-office mandates, and layoffs — employee anxiety is high. Between the rise of job-threatening AI, strict return-to-office mandates, and sweeping layoffs, it feels like bosses are clawing back what little remains of employees' power . The economic trend began in early 2021 in the wake of the pandemic and saw millions of workers quit their jobs . AdvertisementAdvertisementThe charge is largely being led by Big Tech and banks, with varying degrees of severity and pushback.

Persons: didn't, Peter Cappelli, Cappelli, Erin Kelly, Stanford, Nick Bloom, they're, Raj Choudhury, OpenAI's ChatGPT Organizations: Service, Companies, Wharton Business School, MIT Sloan, Big Tech, Amazon, Web Services, Harvard Business School, Octopus Energy Locations: Wall, Silicon

☆ Morgan Stanley says these are the key energy stocks to buy as oil rises to highest levels of the year
▼ + stars: | 2023-09-12 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley is banking on higher summer oil prices to extend into the fall. A combination of stronger demand and supply cuts pushed crude oil prices higher in the second half of the summer after showing encouraging signs of lower prices. On Tuesday, oil prices notched to their highest level since November 2022, according to FactSet data. Elsewhere, Morgan Stanley rates both ConocoPhillips and Hess at overweight, with price targets of $124 and $158, respectively. Among Canadian equities, Morgan Stanley also mentions Cenovus Energy with an overweight rating and a $31 per share price target.

Persons: Morgan Stanley, Morgan Stanley's, Hess, — CNBC's Michael Bloom Organizations: Organization of, Petroleum, Chevron, ConocoPhillips, Cenovus Energy Locations: Russia, U.S, Chevron

☆ Oil prices hit 10-month high after Libya flood catastrophe
▼ + stars: | 2023-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

US oil prices popped 2.3% to as much as $89.29 a barrel, also the highest level since November. The latest rally for oil prices will continue to push up prices at the pump for consumers and add to inflation across the US economy. Gasoline prices, which lag oil prices, have edged higher this week as a result of that announcement. The EIA also raised its forecast for diesel and oil prices for the fourth quarter of this year and first quarter of next year. If these forecasts hold true, energy prices will continue to complicate central bankers’ efforts to tame inflation.

Persons: Brent, ”, Matt Smith, “, Smith Organizations: New, New York CNN, “, Americas, AAA, Government, US Energy Information Administration, Energy Department, EIA Locations: New York, Libya, “ Libya, Kpler, Russia, Saudi Arabia

☆ What are boundaries, exactly? And how do you set and enforce them?
▼ + stars: | 2023-09-12 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +9 min

That can mean setting boundaries with your partner about your needs when it comes to personal space, or preserving your relationship with a parent you are close with by setting boundaries on what you expect around your children. Parts of your life you avoid might point to places that need boundaries, Orange said. Tom Grill/Tetra images RF/Getty ImagesIdentifying your boundariesBefore you can set a boundary, you need to know what your boundaries are. She also likes to have her clients look at what they are avoiding, because that may often point to a place where boundaries need to be set. You are setting boundaries to protect your needs, not to control someone else’s behavior, she said.

Persons: ”, Deborah Ashway, Nedra Glover Tawwab, Chloe Carmichael, “ It’s, It’s, Orange, “, ‘, Tom Grill, Tawwab, Let’s, ” Tawwab, we’re, Carmichael, Ashway, ’, don’t, ’ ” Tawwab Organizations: CNN, Getty Locations: New Bern , North Carolina, Utah, Charlotte , North Carolina, New York, Orange

☆ On an EV road trip to promote green tech, the US Energy Secretary and her entourage couldn't find enough electric vehicle chargers
▼ + stars: | 2023-09-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

The US Secretary of Energy went on a road trip to promote electric vehicles. The obstacle even caused the police to get involved at one point in the trip, NPR reported. Indeed, there are only about three electric vehicle charging ports for every 10,000 people in the United States, Insider reported in April. The caravan of electric vehicles heading from Charlotte to Memphis over the course of four days hit a snag in Grovestown, Georgia. It was a sweltering day and the move didn't go over well with a family that was also waiting for a charging spot.

Persons: Jennifer Granholm, Granholm Organizations: Energy, NPR, Service, of Energy, Department of Energy, BMW Locations: Wall, Silicon, United States, Charlotte, Memphis, Grovestown , Georgia, Georgia

London CNN —Workers at Chevron’s liquified natural gas facilities in Australia have begun to walk off the job in a dispute that threatens as much as 7% of global supplies and could add to rising pressure on energy prices. The alliance represents 500 workers at the Gorgon and Wheatstone facilities, both off the coast of Western Australia. “Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms,” a Chevron spokesperson said. “The unions continue to seek terms that are above and beyond equivalent terms with others in the industry, including in agreements recently reached.”News of the breakdown in talks sent European natural gas prices rising. The two Chevron sites are hugely significant, accounting for approximately 6% of global supply, according to analysts at ANZ.

Persons: ” Ben Cahill, Kunro Irie, Daniel Toleman, Wood Mackenzie, ”, — Juliana Liu Organizations: London CNN — Workers, Australian Offshore Alliance, Chevron, Facebook, ”, European Commission, “, Center for Strategic, International Studies, ANZ, Offshore Alliance Locations: Australia, Western Australia, Europe, Russia, Ukraine, Saudi Arabia, United States, Qatar, Asia

☆ Texas heat wave: US Energy Department declares power emergency
▼ + stars: | 2023-09-08 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —The US Energy Department has issued an emergency order aimed at keeping the lights on in Texas as the state’s power grid grapples with surging demand amid record-high temperatures. The order, issued Thursday night, could allow Texas power plants to surpass pollution limits through Friday night to meet “abnormally high” demand for electricity. Jennifer Granholm, US secretary of energy, determined in the order that “an emergency exists in Texas due to a shortage of electric energy, a shortage of facilities for the generation of electric energy and other causes.”As the heat wave continues to shatter records across the country, including in Texas, energy demand for things like air conditioning have frequently taxed the state’s delicate power grid with wind and solar energy helping to prop it up. The Electric Reliability Council of Texas, which oversees the electric grid serving 90% of the state’s customers, filed a request for the emergency order Wednesday. ERCOT warned that power outages could become necessary if demand isn’t lowered or additional supply can’t be added.

Persons: Jennifer Granholm, ERCOT, CNN’s Robert Shackelford Organizations: New, New York CNN, US Energy Department, Dallas, Reliability, of Texas, Texans Locations: New York, Texas, Antonio

☆ Vivek Ramaswamy's 'anti-woke' investment firm now manages assets worth more than $1 billion
▼ + stars: | 2023-09-06 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Republican presidential candidate Vivek Ramaswamy is the cofounder of an "anti-woke" ETF firm. The company was set up last year and now manages assets worth more than $1 billion. Ramaswamy's firm is a riposte to the ESG-centric policies of some big investment firms. Last month he said the "big three" investment firms – BlackRock, State Street, and Vanguard – represented "arguably the most powerful cartel in human history." Ramaswamy is vying with Florida governor Ron DeSantis for second place in opinion polls, but both lag some distance behind former President Donald Trump in the race for the Republican presidential nomination.

Persons: Vivek Ramaswamy, Ramaswamy, Eric Balchunas, Anson Frericks, It's, Vanguard –, Ron DeSantis, Donald Trump Organizations: Service, GOP, Bloomberg Intelligence, US Energy ETF, Energy ETF, Bloomberg, – BlackRock, Vanguard, Republican Locations: Wall, Silicon, BlackRock, ESG, Florida

☆ Exclusive: Canada oil sands carbon capture project struggles to get key contract
▼ + stars: | 2023-09-05 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

The mechanism gives investors in CCS certainty about their future revenue by setting a minimum price for their carbon credits. Oil companies in the country's highest-emitting sector are counting on CCS to help dramatically cut emissions while continuing to pump oil and gas. Carbon credits represent reduced or avoided carbon emissions, and companies use them to mitigate greenhouse gases they generate. The government has told Pathways that the Growth Fund may not be equipped to handle some projects, said the Pathways representative who asked not to be named. Canada set up the Growth Fund last year, which is run through the Public Sector Pension Investment Board, a federal Crown corporation.

Persons: Suncor, Todd Korol, Justin Trudeau, Jessica Eritou, Adam Auer, Steve Scherer, Denny Thomas, Josie Kao Organizations: Rights, Pathways Alliance, Reuters, Finance Ministry, U.S, Alliance CCS, Canadian Natural Resources, Suncor Energy, Cenovus Energy, ConocoPhillips, MEG Energy, Public Sector Pension Investment Board, Crown, Cement Association of Canada, Thomson Locations: Fort McMurray , Alberta, Canada, U.S, ConocoPhillips Canada

☆ Picking the Right Wall Color Isn’t Easy. Here’s How the Pros Do It.
▼ + stars: | 2023-09-01 | by ( Tim Mckeough | ) www.nytimes.com time to read: 1 min

Assess the RoomStart by asking yourself some questions, Ms. Romanek suggested: “What is the feeling I want in this room? What do I want to do in this room?”Your answers should help inform your color choice. For a bedroom, a soothing off-white and beige may work best. Ms. Romanek decided to paint her bedroom, which was previously white, with a warm shade of tan. The paint color is going to do that for us.”

Persons: Romanek, ”

☆ Shell to sell home energy business in UK, Germany to Octopus Energy
▼ + stars: | 2023-09-01 | by ( Susanna Twidale | ) www.reuters.com time to read: +2 min

The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsLONDON, Sept 1 (Reuters) - Shell (SHEL.L) said on Friday it would sell its home energy business in the UK and Germany to British energy supplier Octopus Energy Group as part of a deal in which the two companies explore a partnership on EV charging. “This agreement follows the announcement during our Capital Markets Day to divest our home energy retail business in Europe,” said Shell Executive Vice-President Steve Hill. Shell Energy Retail Limited in the UK and Shell Energy Retail GmbH in Germany provide domestic gas, power and broadband services to about two million customers and operate under the Shell Energy brand. Shell and Octopus have also signed a memorandum of understanding to explore a potential international partnership over electric vehicles (EV) charging, including for Shell Recharge subscribers, Shell said.

Persons: Chris Helgren, ”, Steve Hill, Shell, Susanna Twidale, Radhika Anilkumar, Savio D'Souza, Chizu Organizations: Shell, REUTERS, Octopus Energy, EV, Shell Energy Retail Limited, Shell Energy Retail GmbH, Shell Energy, Gas, Shell Energy Retail, Thomson Locations: Vancouver , British Columbia, Canada, Germany, British, Europe, Britain, London, Bengaluru

☆ Labor Day weekend gas prices are near all-time highs
▼ + stars: | 2023-08-31 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Drivers hitting the roads this Labor Day weekend will be greeted by historically high gas prices for this time of the year. The good news is that gas prices are still well below the peak set in June 2022. Psychologically important pricesIt’s worth noting that while gas prices are high for this point of the calendar, these figures aren’t adjusted for inflation. Still, consumers are very sensitive to increases in gas prices, in part because of how visible they are. In fact, the Conference Board blamed the recent uptick in gas prices for driving down consumer confidence in August.

Persons: ”, John LaForge, Andy Lipow, – can’t, “ Organizations: New, New York CNN, Drivers, Labor, CNN, AAA, Wells, Investment Institute, Biden, Lipow Oil Associates, US Energy Information Administration, Conference Board Locations: New York, Illinois, Washington , Arizona, California, Russia, Saudi Arabia

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