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Daily posts about energy.
Energy Insider January 2025 Issue #5: New York’s $75 Billion Climate Fund Faces Legal Hurdles Big Oil battles Albany’s sweeping tax. What’s Going On: New York State has enacted a $75 billion climate “superfund” law aimed at holding oil companies accountable for global greenhouse gas emissions from 2000 to 2018. Signed by Governor Kathy Hochul, the law seeks to fund environmental remediation projects through annual payments over 24 years from fossil fuel companies operating in the state. Key...
Energy Insider January 2025 Issue #3: Bill Gates’ TerraPower Taps Nuclear Energy for Data Centers Nuclear power meets rising AI energy needs. What’s Going On: Bill Gates’ nuclear energy startup, TerraPower, is teaming up with Sabey Data Centers (SDC) to explore using advanced nuclear reactors to power data centers. The collaboration could revolutionize how tech companies meet the growing energy demands of AI-driven data centers. Key Details: The Partnership: TerraPower and SDC have signed a...
Energy Insider January 2025 Issue #2: EV Jobs at Risk Under Trump’s Policies Federal rollbacks threaten growth in red states. What’s Going On: President Trump’s executive orders aim to halt federal support for electric vehicles (EVs), including tax credits, charging infrastructure, and emissions regulations. While positioned as a rollback of Biden’s EV initiatives, these policies could threaten thousands of jobs—many in Republican-leaning states benefiting from recent EV investments. The...