More from Heath Cary
-
Sweden’s renewable energy surplus threatens future of wind sector
Sweden, a global leader in renewable energy, faces an oversupply of clean electricity, becoming a problem for its wind power sector. The rapid expansion of wind turbines throughout the Nordic nation over the past two decades has resulted in power production exceeding the capacity of the national grid. Nearly 96% of the country’s electrical demand… -
EVs, hybrids see reliability improvements but trail behind gas models
Electric vehicles (EVs) are making progress in reliability, according to the latest findings from Consumer Reports. However, they still face significant challenges compared to traditional gas-powered cars. The publication’s most recent automotive report card revealed EVs had 40% more reliability issues than gas-powered vehicles, narrowing the gap from last year’s 79% disparity. Plug-in hybrids also… -
DC accuses Amazon of ‘secretly’ excluding zip codes from 2-day delivery
Amazon is accused of “secretly” excluding “historically underserved” areas of Washington, D.C., from high-speed delivery with Prime. The lawsuit brought by Attorney General Brian Schwalb alleges the e-commerce giant kept two zip codes from getting the fastest delivery service promoted with Amazon Prime while still charging those residents the full-price fee. This lawsuit claimed the… -
The retailers vying to win this year’s shortened holiday shopping season
The holiday shopping season officially kicked off on Black Friday, but this year, holiday sales are expected to grow at the slowest pace since 2018. While inflation has significantly slowed, compounded inflation over the years has families thinking twice about big purchases or multiple smaller purchases. The National Retail Federation (NRF) still projects Americans will spend… -
Trump’s proposed tariffs could violate his own trade deal with Canada and Mexico
Experts say President-elect Donald Trump’s vow to put 25% tariffs on Mexico and Canada violates the trade agreement he negotiated during his first term. The U.S.-Mexico-Canada Agreement, or USMCA for short, fulfilled Trump’s 2015 campaign promise to terminate and replace NAFTA, America’s longstanding free-trade agreement with its neighbors. Trump announced in a Truth Social post… -
Biden administration approves $6.6B loan to Rivian, which has billions in debt
The Biden administration has preliminarily approved a $6.6 billion loan to Rivian Automotive, an electric vehicle (EV) manufacturer that currently has billions of dollars in debt. These government funds are intended to aid the company in constructing a new production facility in Georgia, which could bring up to 400,000 vehicles to market and create an… -
Trump administration expected to introduce several pro-oil energy policies
The incoming Trump administration is expected to implement several pro-oil energy policies shortly after taking office. These measures include expanding oil drilling and reviving liquefied natural gas (LNG) exports, according to a recent report from Reuters. An early priority of the president-elect’s transition team will reportedly be lifting the Biden administration’s pause on new LNG… -
Former Democratic donor and Soros partner is Trump’s pick for Treasury
Elon Musk criticized him as the “business-as-usual choice” for Treasury, but markets are cheering on routine. President-elect Donald Trump announced Scott Bessent is his pick for Treasury secretary, ending an internal battle over the top economic post that some described as a knife fight. But there’s a bullet point in Bessent’s resume that has rubbed some… -
World’s first carbon capture facility powered by wind energy coming to Texas
The world’s first direct air capture (DAC) facility powered by wind energy is set to be built in Tom Green County, Texas. After 2030, the facility, dubbed Project Concho, is projected to remove 500,000 tons of carbon dioxide annually. That is the equivalent of taking 116,628 gas-powered vehicles off the road for a year, according… -
Rich nations urged to pay more as UN climate relief fund falls billions short
A climate relief fund finalized at the UN’s annual COP29 climate conference is falling billions short of what experts say is needed. This discrepancy prompted appeals from developing nations for wealthier countries to increase their financial commitments. “All countries that have pledged money must complete their contribution agreements,” COP29 President Mukhtar Babayev said. “And we… -
Progress or poverty? Patience running out for Argentina’s Milei 1 year in
Javier Milei promised pain for the people of Argentina, and they elected him president anyway, with the highest share of votes since Argentina’s return to democracy. One year removed from his resounding victory, are Argentines already running out of patience with Milei? He’s still the most popular political leader in the inflation-ravaged nation, but popularity is… -
China activates world’s most powerful onshore wind turbine
The world’s most powerful onshore wind turbine has officially been switched on in China. With blades reaching heights comparable to the Great Pyramid of Giza, the turbine boasts an energy capacity of 15 megawatts – enough to supply electricity to approximately 160,000 households. This new onshore model more than doubles the power rating of its… -
18 GOP-led states take legal action against SEC’s crypto crackdown
A group of Republican-led states is suing the U.S. Securities and Exchange Commission for constitutional overreach when it comes to cryptocurrency. The agency and current SEC Chair Gary Gensler have been a target of President-elect Donald Trump and other Republicans, especially since Trump’s embrace of crypto on the campaign trail this year. “On day one, I…