Energy
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World Bank revamps green energy funding, but clean energy stays
Change comes after Trump administration officials criticized the Bank's fixed percentage mandates, claiming they distorted growth in the global economy.
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Federal appeals court upholds New York’s 'gas stove ban' amid legal challenge
Court rejected a lawsuit by natural gas industry groups challenging a provision of New York's All-Electric Buildings Act, which would ban gas hookups in new buildings under seven stories, among other restrictions.
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General Motors 2Q sales take a hit as demand for EVs continues to decline
The Detroit automaker's EV sales during the second quarter were down 33% compared to the same quarter last year.
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Hackers possibly linked to Iran breached tank readers at US gas stations: CNN report
The CNN report says the suspected cyber intrusions targeted automatic tank gauge systems, or ATGs, which are used to track fuel levels and detect leaks in underground storage tanks at gas stations.
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UAE accelerating construction of pipeline that will expand its ability to bypass Strait of Hormuz
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed directed the state-run Abu Dhabi National Oil Company to fast-track the project.
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EPA moves to end 'burdensome,' Biden-era wastewater rules on coal plants to meet energy, AI demands
The proposed rule, according to the EPA, would reduce electricity costs by as much as $1.1 billion annually, without compromising clean and safe water resources.
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Appeals court hears states' case to end Energy Dept's emergency order to keep open aging coal plants
The case is being brought by Michigan, Minnesota, Illinois and nine nonprofit groups.
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Honda posts first losses in 70 years following its costly bet on electric vehicles
The automaker reported a net loss of $2.7 billion for the fiscal year ended March 31.
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Trucking, construction trade groups voice opposition to Trump's proposed gas tax holiday
The industries rely on transportation infrastructure, which is funded by the federal taxes on gasoline and diesel.
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Microsoft is losing ground on climate ambitions as hunger for AI demands more power
While the company has touted its ambitious climate goals over the years, the hunger for energy, driven by the development of artificial intelligence, is pushing those goals to the back seat.
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Energy Department to loan out million of barrels of oil from reserves to help bring down oil prices
Oil exchanges, as they are called, allow the DOE to loan out oil to companies who later pay back to the oil with extra barrels, which functions like interest on a loan.
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Trump says temporarily suspending federal gasoline tax 'a great idea'
The federal government's excise tax is about 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel, which generates approximately $500 million per week for construction and repair of roadways, as well as other transit projects.
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Oil prices rise after Trump rejects Iran's proposal to end conflict, as markets seesaw over events
Latest price hike reflects energy prices either going decreased up or down depending upons events that suggest the war will continue or end.