Energy

The Biden administration is auctioning off tens of thousands of acres for oil and gas drilling just days before the United Nations COP28.

Reuters

US to auction public land for oil, gas drilling as COP28 is set to begin

According to a report, the United Arab Emirates positioned itself as the COP28 climate summit host to lobby for oil and gas deals.

Associated Press

Leaked docs show UAE planned to use COP28 to talk fossil fuel deals: report

In 2022, the world set a new record for annual greenhouse gas emissions. The U.S. and China has agreed to work on it together ahead of COP28.

Reuters

As global emissions reach new high, US, China take climate action before COP28

Offshore wind developers continue to grapple with financial challenges including supply chain issues, inflation and rising interest rates.

AP Images

NY to open new offshore wind auction as developers struggle with existing projects

China has become a global leader in lithium-ion battery production amid surging demand for electric vehicles.

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An electric vehicle future needs batteries. China is dominating.

ExxonMobil plans to become a leading supplier of lithium for electric vehicle batteries, as other Big Oil companies are also betting on EVs.

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ExxonMobil and other major companies are making big investments in EVs

Ahead of President Biden and Chinese President Xi Jinping meeting, the US and China announced an agreement to address climate change.

Reuters

US, China issue climate change agreement ahead of Biden-Xi meeting

Israel Defense Forces said troops are carrying out a "precise and targeted operation against Hamas in a specified area" of Al-Shifa Hospital, the largest hospital in Gaza.

Reuters

IDF carries out ‘targeted operation’ in Gaza hospital: The Morning Rundown, Nov. 15, 2023

Indonesia's floating solar power plant, a $108.70 million initiative, aims to enhance renewable energy and decrease coal reliance.

Reuters

Indonesia inaugurates world’s third-largest floating solar power plant

More than a quarter of the countries within the continent of Africa could soon be utilizing floating power plants for their energy.

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Africa is relying on power ships due to underinvestment in energy infrastructure

Financial challenges are evident in Orsted's recent decision to halt the development of Ocean Wind 1 and Ocean Wind 2 in New Jersey.

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Orsted reconfigures offshore wind farm, axes two; Biden admin OKs largest project yet

A recent string of fires on vessels carrying electric vehicles has prompted regulators to draw up new rules due to the safety risks posed.

Reuters

Fires on vessels carrying EVs prompt calls for increased safety regulations

Electric vehicle battery manufacturers have announced plans to scale back production in response to "rapidly reduced demand."

AP Images

Battery manufacturers cut production as demand for EVs drops

The offshore wind industry faces significant financial challenges, including supply chain issues, rising interest rates, and inflation

AP Images

Sunk wind projects create election concerns for NJ Democrats

Consumer data has shown range anxiety is hampering mass EV adoption, a problem those in the industry are trying to fix with more chargers.

AP Images

Range anxiety slows mass EV adoption as auto, oil companies look to help

Offshore wind developer Orsted has decided to back out of two offshore wind projects along the coast of New Jersey, sparking controversy.

Reuters

Orsted backs out of New Jersey offshore wind projects amid financial challenges

Chris Paine, director of the films "Who Killed the Electric Car" and "Revenge of the Electric Car," shares his thoughts on the EV industry.

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‘Revenge of the Electric Car’ director Chris Paine on the state of EVs

Honda and General Motors have announced they're scrapping a $5 billion plan to jointly develop affordable electric vehicles.

Honda

Honda, GM scrap $5B affordable EV plan amid auto industry setbacks

A report warns of U.S. vulnerabilities amidst an expansion of Chinese corporate footprints in some vital U.S. sectors.

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Report: Chinese green energy, EV battery companies pose US security risk

Deep sea mining is poised to boost the worldwide production of clean energy technology, but the harm it could do is still being determined.

Reuters

Deep sea mining could boost clean energy tech; environment, China concerns loom

The turbines will have floating platforms to accommodate the deep waters, unlike those in offshore wind projects along the East Coast.

Getty Images

Offshore wind coming to West Coast, despite challenges

GM has announced a delay in its electric truck factory plans as automakers have seen a recent slowed growth rate of EV sales in the U.S.

General Motors

GM delays electric truck factory plans amid slowing US EV sales

As electric vehicles become more popular, states are looking to find a way to make up for the gaps in infrastructure taxes.

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States impose EV fees to offset gas-tax shortfalls, spark controversy

U.S. officials have their eyes on Chinese crypto mining operations active in the states that could pose a national security threat.

Reuters

Chinese crypto mining operation in Wyoming raises national security alarms