Friday, November 22

Tag: Sustainable Development/Sustainability

Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?
25Nov By adminNo Comments
World

Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?

Utilities across the country are trying to boost spending to maintain aging natural-gas pipelines. Regulators in some Democratic states seeking to limit gas use are saying not so fast.Companies including PG&E, Consolidated Edison and Public Service Enterprise Group have proposed investing billions of dollars to bolster their pipeline networks, which will remain in use for years even as more customers use electricity to cook and heat their homes. They say such spending is necessary in part to maintain safety and reliability as they work to shrink their gas systems over time. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China’s Spending on Green Energy Is Causing a Global Glut
13Nov By adminNo Comments
World

China’s Spending on Green Energy Is Causing a Global Glut

Listen to article(1 minute)China’s newest solar-energy manufacturers include a dairy farmer and a toy maker.The new entrants are examples of a green-energy spending binge in China that is fueling the country’s rapid build-out of renewable energy while also creating a glut of solar components that is rippling through the industry and stymying attempts to build such manufacturing elsewhere, particularly in Europe.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Phil Murphy’s New Jersey Wind Flop
5Nov By adminNo Comments
World

Phil Murphy’s New Jersey Wind Flop

Phil Murphy huffed and he puffed, and a giant wind boondoggle blew the New Jersey Governor down. That’s the story of another failed green-energy project, as the follies keep being exposed.The renewable energy firm Ørsted last week backed out of two megaprojects along the Jersey shore that it started planning in 2019. With his eye on support from the climate lobby for a White House run, Mr. Murphy courted the developments, which were meant to provide electricity for hundreds of thousands of homes. The company says cost overruns have made them impossible, and it wrote off $4 billion for the first nine months of this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cruise’s Driverless-Car Permits Suspended in California by DMV
24Oct By adminNo Comments
World

Cruise’s Driverless-Car Permits Suspended in California by DMV

Updated Oct. 24, 2023 2:28 pm ETThe California Department of Motor Vehicles suspended Cruise’s autonomous vehicle deployment and driverless testing permits, citing safety concerns. The DMV said Tuesday that Cruise’s vehicles aren’t safe for public operation and the company has misrepresented information related to the safety of the technology of the vehicles. Cruise is majority-controlled by General Motors.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Chevron Bets on Peak Green Energy
24Oct By adminNo Comments
Business

Chevron Bets on Peak Green Energy

The climate lobby’s pronouncements that the end of fossil fuels is nigh appear as premature as warnings two decades ago that supply would soon run out. Chevron on Monday announced a $53 billion bid for Hess Corp. because it knows the world will need oil and gas for the foreseeable future no matter how much politicians subsidize green energy.Chevron’s Hess acquisition comes on the heels of Exxon Mobil’s $60 billion tie-up with Pioneer National Resources this month. Higher interest rates are prompting consolidation across the U.S. economy, as smaller, less-capitalized companies struggle to borrow. Oil and gas giants are flush with cash owing to the run-up in prices over the past two years.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...
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The Auto Makers Cry for EV Mercy
22Oct By adminNo Comments
Business

The Auto Makers Cry for EV Mercy

General Motors last week said it is delaying electric pick-up truck production in Michigan, citing slowing demand for EVs and the need to make them more profitable. But the Biden Administration’s back-door EV mandate is ironically causing trouble for its plans for green-vehicle investment. On Sept. 14, the day before the United Auto Workers launched its strike, the Energy Department sent letters to Ford, General Motors and Stellantis asking for help understanding “specific challenges” to its proposed rule that would reduce the credits under the corporate average fuel economy (Cafe) standards for producing electric vehicles.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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