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Solar power is outpacing Big Oil in a shift that China may benefit the most from
For the first time, solar power is surpassing oil in terms of energy production capacity. According to Bloomberg, the seven largest solar companies now have the capability to generate more energy than the seven biggest oil companies, marking a shift which also suggests a potential change in control of the global energy sector, moving from…
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FAA probe launched into titanium used in some Boeing and Airbus jets
The Federal Aviation Administration (FAA) opened a probe into Boeing and Airbus, two of the largest commercial plane manufacturers, to determine how counterfeit titanium got into their supply chains. On Friday, June 14, The New York Times reported that Spirit Aerosystems, which provides fuselages to Boeing and wings to Airbus, used titanium with falsified documentation.…
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IEA says oil demand set to peak, OPEC sees continued growth for decades
The future of global oil demand is currently a subject of debate, with various experts and industry groups offering differing forecasts. Some analysts suggest that global demand for oil is just a few years away from declining, while others believe fossil fuel investments will continue for decades. The International Energy Agency (IEA) predicts that global…
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Concordia University team uses algae for carbon-negative clean energy solution
A recent study conducted by researchers at Concordia University developed an innovative method to generate clean energy using algae. In order to harness the power of photosynthesis, the team created micro photosynthetic power cells capable of capturing electrons produced during this natural process and converting them into a continuous electric current. “Our system does not…
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Bill Gates wants to shake up US energy with a next-generation nuclear reactor
Nearly half a century ago, Bill Gates helped revolutionize the computer industry. Now, the Microsoft co-founder is aiming to bring about a similar transformation in the energy sector by building a next-generation nuclear reactor. “We started a company with a very bold idea to revolutionize a nuclear power,” Gates said at a groundbreaking ceremony for…
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EU announces tariff hike on Chinese EVs amid ongoing anti-subsidy investigation
The European Union is taking steps to support its domestic automakers who are struggling with competition from China’s low-cost electric vehicles (EVs). In an effort to help the continent’s car companies compete, the EU has announced tariff increases of up to 38% on imported Chinese EVs. “The influx of subsidized Chinese imports at artificially low…
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Joey Chestnut will not be competing in Nathan’s Hot Dog Eating Contest
Joey Chestnut is barred from competing in this year’s Nathan’s Famous Hot Dog Eating Contest at Coney Island due to a dispute over a product that contains no beef. Chestnut aimed to promote Impossible Foods’ new plant-based vegan hot dog, but the contest’s policy prohibits brand switching, even for the 16-time champion. Major League Eating…
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Big Oil sees record profits under Biden, Trump promises to take them higher
Since President Joe Biden assumed office three and a half years ago, oil and gas companies experienced unprecedented profits and production levels. Between 2021 and 2023, the industry amassed over $250 billion, a 160% increase compared to the first three years of former President Donald Trump’s administration. This surge in profits is not necessarily attributable…
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Clean energy tech needs lithium, fracking could meet almost half of US demand
A study has uncovered significant amounts of lithium in the wastewater produced from hydraulic fracturing, known as fracking, throughout Pennsylvania. This discovery could give the U.S. a sizable domestic supply of a critical mineral that is vital for producing renewable energy technology, which heavily relies on lithium for the production of batteries used in electric…
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Could a ‘bioship’ powered by wood waste be a key to a greener future?
A ship powered by a resource millions of years old may be one of the keys to a greener future, according to three Japanese companies and the British Renewable Energy Firm Drax Group. The companies are floating around the idea of a “bioship,” which would burn wood chips or pellets made from sawdust and logs,…
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China’s internal EV war heats up as officials at BYD, Huawei trade criticisms
A battle over electric vehicles (EVs) is unfolding in China, with officials at rival brands BYD and Huawei exchanging some verbal barbs. Huawei recently acknowledged the ultra-low prices of BYD’s EVs, insinuating that these low costs come at the expense of other features. “We are not good at competing with ultra-low prices,” Yu Chengdong, the…
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Tesla board chair says Musk could step back if $56B pay package isn’t approved
Tesla CEO Elon Musk’s contentious $56 billion pay plan is up for a vote on June 13. With advocates both supporting and opposing the plan making their voices heard, it raises a crucial question: Is Musk’s leadership vital to Tesla’s future? Board Chair Robyn Denholm believes it is. “The ratification of the pay package is…
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As solar power takes up farmland, solar grazing pairs agriculture with renewables
In the coming years, millions of acres of U.S. farmland will be converted and used for solar power projects. However, a new industry is emerging that could combine this renewable energy production with agricultural use. The American Farmland Trust estimates that 83% of upcoming solar projects over the next few decades will be built on…
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