Energy
Biden blocks sales of inefficient lightbulbs, reversing Trump-era policy
U.S. President Joe Biden delivers remarks about climate change and protecting national forests on Earth Day at Seward Park in Seattle, Washington, April 22, 2022. Jonathan Ernst | Reuters The Biden administration on Tuesday announced new energy efficiency regulations that will phase out old-fashioned incandescent lightbulbs, a move that will drive down electricity use and […]
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Russian gas supplies to Poland halted, Polish media reports
Gas pipelines of Russian state-owned energy giant Gazprom. Andrey Rudakov | Bloomberg | Getty Images Russian gas supplies under the Yamal contract to Poland have been halted, private broadcaster Polsat News and the Onet.pl website reported, citing unnamed sources. PGNiG SA, which buys gas from Gazprom under a long-term contract that expires this year, declined […]
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Fort Worth is the first city in the U.S. to mine bitcoin, and will run mining rigs out of city hall
Fort Worth, Texas, is now the first city government in the United States to mine bitcoin — and in an almost poetic devotion to the initiative, Mayor Mattie Parker oversaw the construction of a small mining farm in City Hall. Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a […]
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UAE’s Masdar signs deal for green hydrogen projects in Egypt, targets exports to Europe
Masdar says Egypt’s abundance of solar and wind will “allow generation of renewable power at a highly competitive cost – a key enabler for green hydrogen production.” Ute Grabowsky | Photothek | Getty Images The UAE’s Masdar and Egypt’s Hassan Allam Utilities have signed agreements with state-backed Egyptian organizations that will see the parties work […]
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Russia and India in talks to restart coking coal supplies: Reuters, citing sources
This photograph taken on April 6, 2022, shows coal stored outdoors at the National Thermal Power Corporation (NTPC) plant in Dadri, India. Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers, which has dried up since March over payment methods, a […]
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Biden reverses Trump move to open up more oil drilling in Arctic
A polar bear sow and two cubs are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge. U.S. Fish and Wildlife Service | Reuters The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s […]
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GE hoping to 3D print concrete components for wind turbines so it can save on transportation costs
A Haliade-X wind turbine photographed in the Netherlands on March 2, 2022. The Haliade-X is part of a new generation of huge turbines set to be installed in the years ahead. Peter Boer | Bloomberg | Getty Images A new research facility which hopes to 3D print the concrete bases of giant wind turbine towers […]
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This real estate investor has a side hustle mining more than $110,000 in bitcoin every month
Compass Mining customer Eng Taing Eng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked in data science and analytics at Apple — and he got into bitcoin back in […]
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Warren Buffett is on a roll. Here is what’s behind his big moves and what could come next
After a six-year deal-making drought and a long stock-selling streak, Warren Buffett is back with a bang. Source
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Japan says exiting Sakhalin energy projects would weaken Russia sanctions
A liquefied natural gas tanker berth in Japan, on Dec. 17, 2021. Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan’s industry minister said on Friday. Kiyoshi Ota | Bloomberg | […]
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