Author: Press Room
2/2 © Reuters. FILE PHOTO: A view of the turbines at Orsted’s offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo 2/2 By Scott DiSavino (Reuters) – Danish energy firm Orsted (CSE:)’s shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said. The world’s biggest offshore wind farm company on Tuesday said it would cease all development on the Ocean Wind projects even as it moves forward with developments off neighboring New York, triggering…
By Leah Douglas (Reuters) – The U.S. Forest Service wants to allow carbon capture and storage (CCS) projects on national forest land, according to a proposed rule published by the agency on Friday. Carbon capture is key to the climate strategy of the administration of President Joe Biden, which has pledged to halve greenhouse gas emissions by 2030. The proposed rule would amend existing Forest Service regulations by allowing “exclusive and perpetual use” of national forest land and pore space beneath it for approved CCS projects. Authorizing such projects on forest land would support the administration’s climate goals, said the…
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The House passed a sweeping appropriations bill Friday morning that would substantially slash the Environmental Protection Agency’s (EPA) budget and ensure that the Department of the Interior (DOI) expands energy and mineral production on public lands.In a 213-203 vote Friday, the House approved the Fiscal Year 2024 Interior, Environment, and Related Agencies Appropriations bill, a standalone bill to fund the DOI, its subagencies, the EPA and the White House Council on Environmental Quality. The White House threatened this week to veto the legislation — which just one Democrat, Rep. Vicente Gonzalez of Texas, voted for — and said Republicans were…
One of our biggest challenges is striking the right balance between living a great life today and … [+] planning for tomorrow.L. Hawk Remember old-fashioned teeter-totters? The kind made from a wobbly wooden board? As a child, I’d spread my arms wide and stand in the middle of the board with one foot on each side, swaying back and forth, trying to balance and suspend both ends above the ground. I guess it was the closest I could come to surfing a big wave in my Michigan hometown. You’re the kid on the playground when making decisions about money and…
WASHINGTON, DC – NOVEMBER 02: U.S. President Joe Biden in the Oval Office at the White House … [+] November 02, 2023 in Washington, DC. Biden has directed the Education Department to create a new student loan forgiveness plan. (Photo by Chip Somodevilla/Getty Images)Getty Images The Biden administration is working on a new student loan forgiveness plan. And borrowers who face significant hardships could potentially qualify for relief. The new program is being developed by the Education Department, and it’s designed to replace President Joe Biden’s first mass student debt relief initiative that was rejected by the Supreme Court. Earlier…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Billionaire property developer René Benko has been ousted from his real estate empire Signa amid a cash crunch that threatens to hit European lenders exposed to the indebted Austrian group. Speaking to Austrian state television on Friday afternoon, Signa investor Hans Peter Haselsteiner said he and other investors in Signa took note of Benko’s departure “in an affirmative and positive manner”. Haselsteiner said a “far-reaching solution” was now needed for Signa. Benko’s ousting was first reported by the Austrian newspaper Kronen Zeitung, which Benko partly…
The International Monetary Fund (IMF) has advised the Irish Government to consider a more targeted €14 billion Budget 2024 package to safeguard vulnerable groups and mitigate further inflation. This recommendation comes in light of supply-side constraints and a high inflation rate of 5.5%. The IMF also proposed enhancements to public investment efficiency and simplification of judicial reviews to reduce project uncertainties. It has further suggested that the Government’s Housing for All strategy should be reinforced by measures addressing affordability, land use, and construction productivity, along with clearer, faster approval processes. Despite a strong labor market, weakening external demand, and excess…
© Reuters. Norges Bank, the central bank of Norway, has notified Shell (LON:) plc about a series of significant changes to its shareholding in the company. The series of notifications were delayed due to an administrative error and were received by Anthony Clarke, Shell’s Deputy Company Secretary, on November 1, 2023. The communications from Norges Bank followed the TR-1 standard form and indicated that major shareholding thresholds had been crossed twice. Initially, in August 2022, Norges Bank’s acquisition of shares led its voting rights in Shell to exceed the 3% notifiable threshold. At this point, the bank held 3.017190% of…
BlackRock Short Maturity Bond ETF declares monthly distribution of $0.2076