Energy
Orsted files legal challenge over Trump’s halt to $5 billion offshore wind project
A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025. Bloomberg | Bloomberg | Getty Images Danish renewables giant Orsted, the world’s largest developer of offshore wind farms, said on Friday that it had […]
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Bernie Sanders and Ron DeSantis speak out against data center boom. It’s a bad sign for AI industry
Democratic Socialist Sen. Bernie Sanders and right-wing Gov. Ron DeSantis agree on virtually nothing. But they found common ground this year as leading skeptics of the artificial intelligence industry’s data center boom. The alignment of two national figures on the left and right signals that a political reckoning is brewing over the AI industry’s impact […]
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Dust to data centers: The year AI tech giants, and billions in debt, began remaking the American landscape
The Stargate AI data center in Abilene, Texas, US, on Wednesday, Sept. 24, 2025. Kyle Grillot | Bloomberg | Getty Images West Texas dust, iron-tinged and orange-red, rides the wind and sticks like a film to everything you touch. It clings to skin and the inside of your mouth, a fine grit that turns every […]
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A Swedish city is being moved — building by building — amid Europe’s minerals push
The LKAB facility in Kiruna, Sweden. The company said on Jan. 12 that it found Europe’s biggest known deposit of rare earth elements there. Jonas Ekstromer | Afp | Getty Images The ripple effects from Europe’s growing appetite for raw materials extend all the way to Sweden’s far north. Thousands of residents and buildings are […]
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Oil giant BP to sell 65% stake in $10 billion Castrol unit
Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol to Stonepeak for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets […]
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China’s mineral dominance gives Western magnet makers a moment in the sun
Annealed neodymium iron boron magnets sit in a barrel at a Neo Material Technologies Inc. factory in Tianjin, China on June 11, 2010. Bloomberg | Bloomberg | Getty Images Rare earth magnet makers are having a moment as Western nations scramble to build domestic “mine-to-magnet” supply chains and reduce their dependence on China. A turbulent […]
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Fed chair candidate Hassett says U.S. is way behind the curve on lowering interest rates
National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even though the U.S. economy grew at a much faster-than-expected pace in the third quarter. Hassett, a leading contender to succeed Federal Reserve Chair Jerome Powell when his term ends in May, said the artificial intelligence […]
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What a Russia-Ukraine peace deal could mean for Europe’s gas supplies
Europe is pressing ahead with plans to ban Russian gas imports by the end of 2027, effectively capping Moscow’s energy future in the region and leaving a bevy of stranded assets in its wake. The dual Nord Stream 1 and 2 subsea pipelines were early casualties of Russia’s invasion of Ukraine, with the infrastructure being […]
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Trump halts wind projects, including Coastal Virginia Offshore Wind, Dominion stock drops 4%
Dominion Energy’s wind turbines located 27 miles off of Virginia Beach in the Atlantic Ocean on July 17, 2023. Kendall Warner | Virginian Pilot | Getty Images The Trump administration on Monday halted Coastal Virginia Offshore Wind, the largest project of its kind in the U.S., as well as four other projects off the East […]
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Waymo pauses robotaxi service in San Francisco after blackout chaos — Musk says Tesla car service unaffected
Alphabet-owned Waymo has suspended its driverless ride-hail service in the San Francisco Bay Area after blackouts plagued the city Saturday afternoon. “We have temporarily suspended our ride-hailing services in the San Francisco Bay Area due to the widespread power outage,” a Waymo spokesperson tells CNBC. “Our teams are working diligently and in close coordination with […]
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