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FILE PHOTO: Oil tankers the Yamilah III and the Bow Gemini are seen anchored in New York Harbor in New York City, U.S., May 24, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessFinanceFuelNewsOilPoliticsTrade

Oil market likely to be in surplus next year, Morgan Stanley says

Crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining to $70 range, Morgan Stanley...

High rise housing complexes line the oceanfront in Long Branch,N.J. on July 19, 2024. A public-private group formed after Superstorm Sandy recommends a surcharge on property insurance, fees on the oil and gas industries, and a public voter referendum as ways to raise money for resiliency projects to protect against future big storms. (AP Photo/Wayne Parry)
ClimateEnvironmentFuelLegislationNewsOilPoliticsRegulationsResiliency

Superstorm Sandy group eyes ballots, insurance surcharges and oil fees to fund resiliency projects

Climate resiliency funding should come from insurance, oil fees, and voter approval, recommends new Rebuild By Design report.

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
BusinessEconomyFuelNewsOilPoliticsRegulationsTrade

U.S. FTC probes Hess, Occidental execs over OPEC communication: report

The U.S. Federal Trade Commission is probing executives from major oil firms over their communications with OPEC officials.

FILE PHOTO: The logo of Stellantis is seen on the company's building in Velizy-Villacoublay near Paris, France, March 19, 2024. REUTERS/Gonzalo Fuentes/File Photo
AutomotiveBusinessFuelIndustryNewsRegulations

Chrysler-parent Stellantis paid $190.7 million in US fuel economy penalties

Stellantis paid $190.7M in penalties for 2019-2020 fuel economy shortfalls and owes $459.7M more, NHTSA documents reveal.

FILE - Steam billows from a coal-fired power plant Nov. 18, 2021, in Craig, Colo. A federal appeals court on Friday, July 19, 2024, allowed a Biden administration rule aimed at limiting planet-warming pollution from coal-fired power plants to remain in place, even as legal challenges continue. The EPA rule, announced in April, would force many coal-fired power plants to capture 90% of their carbon emissions or shut down within eight years. (AP Photo/Rick Bowmer, File)
BusinessClimateCoalCourtsElectricityEmissionsEnvironmentFuelIndustryInfrastructureLegislationNewsPoliticsRegulationsTransmissionUtilities

US court upholds EPA rule on coal plant emissions despite industry pushback

The court upheld the rule requiring coal plants to cut carbon emissions by 90% or shut down, a key part of Biden's climate...

FILE PHOTO: A Tesla logo is shown on a Model Y vehicle in Encinitas, California, U.S. October 20, 2023. REUTERS/Mike Blake/File Photo
BusinessEfficiencyElectric Vehicles (EVs)IndustryInfrastructureManufacturingNewsTransmission

Tesla halted some production lines due to global IT outage: report

Tesla halted some production lines due to a global IT outage linked to a CrowdStrike software update, affecting facilities in Texas and Nevada,...

FILE PHOTO: A ponderosa pine tree is cut down after having burnt in the Brattain Fire, at Fremont National Forest, near Paisley, Oregon, U.S., September 19, 2020. REUTERS/Adrees Latif/File photo
ClimateCourtsElectricityEnvironmentInfrastructureNewsRegulationsTransmissionUtilitiesWeather

Buffett’s PacifiCorp suspected of collusion by wildfire victims’ law firms

Class-action firms accuse PacifiCorp of colluding with other law firms to secure low settlements for 2020 Oregon wildfire victims.

FILE PHOTO: Fire damage is shown in the Wahikuli Terrace neighborhood in the fire ravaged town of Lahaina on the island of Maui in Hawaii, U.S., August 15, 2023.  REUTERS/Mike Blake/File Photo
BusinessClimateCourtsElectricityIndigenousInfrastructureNewsPoliticsRegulationsTransmissionUtilitiesWeather

Hawaiian Electric, others agree to proposed $4 billion Maui wildfire deal: report

Hawaiian Electric Industries and others have tentatively agreed to a $4B+ settlement over Maui wildfires, settling multiple lawsuits.

FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration
BusinessClimateCourtsEmissionsEnvironmentLegislationNewsPoliticsRegulations

US appeals court orders judge to reconsider Biden ESG investing rule

The court ordered a Texas judge to reconsider a decision upholding a Biden rule on socially conscious investing in light of the recent...

FILE PHOTO: A SunPower SunVault display of the solar company SunPower is seen inside one of their offices in Richmond, California, U.S., July 15, 2021.  REUTERS/Peter DaSilva/File Photo
BusinessEfficiencyElectricityFinanceInfrastructureNewsSolarTransmissionUtilities

SunPower tumbles nearly 20% after pausing some operations

SunPower is halting new product shipments and deactivating certain agreements, amid financial challenges.

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