Big Oil celebrates the return of Trump. Clean energy braces for trouble
CNN
Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.
Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape. As oil lobbyists eagerly game out how to dismantle regulation, the clean energy industry is bracing for trouble ahead. Trump has promised to roll back support for clean energy and stop the wind power boom dead in its tracks. The shifting fortunes of Big Oil and clean energy underscore how the change in power in Washington could have a lasting and significant impact on the broader energy landscape. In the oil industry, there is excitement about Trump’s drill-baby-drill ethos. There’s also a sense that a bullet has been dodged, as Big Oil feared Democrats’ willingness to impose tough restrictions. “A knife heading towards the throat of the industry has been kicked away,” said Bob McNally, president of consulting firm Rapidan Energy Group and a former White House adviser to President George W. Bush. President Joe Biden’s pause on exports of liquefied natural gas rattled fossil fuel executives and raised concerns about a permanent ban and further restraints, according to McNally.
There are steps you can take right now to help speed the process of repair and recovery after a devastating weather event, should you ever be directly hit.
Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.
Chinese social media platform Xiaohongshu, also known as RedNote, has been hiring for a surprising position in recent days: English-language content moderators.
China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.
The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank’s March 2023 collapse, one of the largest US banking failures.
Toyota Motor unit Hino Motors has agreed to a $1.6 billion settlement with US agencies and will plead guilty over excess diesel engine emissions in more than 105,000 US vehicles, the company and US government said on Wednesday.
Apple is temporarily pulling its newly introduced artificial intelligence feature that summarizes news notifications after it repeatedly sent users error-filled headlines, sparking backlash from a news organization and press freedom groups.
In its first results since its insurance unit CEO was fatally shot in New York City, UnitedHealth Group reported Thursday weaker-than-expected fourth-quarter revenue, prompting its shares to fall in early morning trading despite quarterly profit beating projections.
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The outgoing Democratic chair of the Federal Communications Commission is taking bold action on the way out the door, rejecting what she described as four efforts to weaponize the government’s TV licensing authority for political purposes.
The Super Bowl has always been free to watch with an antenna, but for the first time, it’s streaming for free too.
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In the next few months, most Americans will be focused on getting their tax documents together to complete their 2024 returns.
TikTok is still three days away from a likely ban in the United States, but many users are already bidding the app farewell and seeking out alternatives.
President-elect Donald Trump is weighing a plan that could delay America’s TikTok ban, giving the new administration more time to potentially cut a deal with a US buyer to save the super-popular video app, sources familiar with the plans told CNN.
Right-wing media figures call for withholding California wildfire aid, blame ‘liberals’ for disaster
Prominent right-wing media personalities are calling on the federal government to withhold or place conditions on disaster aid for victims of the devastating Los Angeles wildfires, blaming California’s own policies for the scale of the devastation and response.