Energy
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General Motors 2Q sales take a hit as demand for EVs continues to decline
The Detroit automaker's EV sales during the second quarter were down 33% compared to the same quarter last year.
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Trump administration announces Duke Energy will voluntarily terminate offshore wind lease
Duke will reinvest the money it's being reimbursed in non-intermittent sources of energy, which includes nuclear and natural gas, as part of the Trump administration's efforts to lower costs and create more grid reliability.
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Amid heatwaves, Europe is warming to the use of air conditioning
Europeans have smaller homes and cars, more mass transit, and much less air conditioning than Americans. But as temperatures rise, AC is becoming more popular.
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Potential passage of WA ballot measure fuels other groups looking to protect natural gas
The measure would require utilities to offer natural gas and bans any utility plan that disincentivizes or bans natural gas.
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$162B California fuel cost hike pushed by EV makers, paid for by poorer drivers
The average EV financing cost is $783 per month, which means government and utility rebates in the thousands of dollars for chargers or vehicle financing still keep EVs out of working families’ reach.
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Progressives thought voters loved their climate agenda, but Trump’s victory suggests it didn’t sell
After Democrats spent years demonizing fossil fuels and lecturing about the need for an energy transition, Trump -- a man who has called climate change a "hoax" on more than one occasion -- won the popular vote in Tuesday's presidential election.
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Renewable energy stocks tumble in wake of Trump's election victory: reports
"This presents a significant opportunity for investors to buy into the sector at a discount," asset management CEO says.
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Washington state's natural gas ballot measure a tossup in initial returns
I-2066 is one of four initiatives backed by the conservative political group Let's Go Washington. Tuesday night's slim lead was enough for supporters to say they were "confident" of victory.
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Voters reject initiative to repeal Washington state's Climate Commitment Act
When the CCA took effect in the summer of 2023, gas prices in Washington shot up as much as 50 cents a gallon, something critics blasted Gov. Jay Inslee over as he had stated the mandates would impact gas prices by “pennies” at most.
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Buttigieg denies that Biden-Harris admin is mandating EVs, accuses Trump of letting China get ahead
“Now we know that EV technology is coming whether people are ready for it or not,” Buttigieg said in the Fox interview, and then claimed that Trump allowed China to take the lead on EVs.
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Electric vehicle startup Canoo furloughs workers as it struggles to raise money
The company’s SEC filings and reports have indicated since October the company was facing financial difficulties and might have to “terminate or significantly curtail” its operations.
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Report: Feds spent millions on ‘Environmental Justice’ grants with 'political' motives
The report points to the 2022 Inflation Reduction Act, a Democrat bill that, among other things, gave about $41 billion to the Environmental Protection Agency, four times its annual budget, $3 billion of which was for the environmental justice grants.
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Voters worry most about economy, and next admin’s energy policy will make the difference: experts
Some analysts have argued that a big reason why the U.S. didn't enter a recession under the Biden administration is the enormous amounts of oil and gas the U.S. has been producing.