Americans share struggles to stay cool as energy costs rise – CBS News Watch CBS News Electricity costs are surging as climate change makes the hottest days of the year even hotter. David Schechter reports. Source link
Florida’s biggest utility company is proposing a nearly $10 billion rate hike for electricity over the next four years, which environmental advocates say would represent the largest utility hike in U.S. history. Florida Power & Light Company (FPL), a subsidiary of Florida-based energy company NextEra Energy, outlined the changes in a petition filed in February…
RALEIGH, N.C. (WBTV) – A North Carolina bill aimed at protecting students’ internet safety in schools passed both House and Senate and is now awaiting Governor Josh Stein’s signature. House Bill 959, known as the Protecting Students in a Digital Age bill, was scheduled to go to Stein on Friday, June 27. Why more districts…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Underground electricity cables are on average 4.5 times more expensive than overhead lines, an independent group of experts has found. The report, overseen by the Institution of Engineering and Technology (IET), explored the cost of the different technologies that may be deployed to transport electricity across Britain in the next decade, such as underground cables,…
Renewable electricity is cheap and clean, but also less predictable than firing up a gas turbine. Turns out that’s both a problem and an opportunity. Most solutions to the problem of intermittency involve pairing solar panels and wind turbines with batteries, which store the power for use when the sun sets or the wind dies…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
France’s AI champion Mistral AI is a French political darling, with French President Emmanuel Macron greeting its free application for its Le Chat chatbot last week with an enthusiastic post, declaring “vive Le Chat!” The French government has also stepped up its support for the flagship startup with a series of contracts. Over the past…
[Jack Aylmer] AS TOYOTA’S PROFITS RECOVER FOLLOWING A SCANDAL LAST YEAR- THE JAPANESE AUTOMAKER IS USING THAT REVENUE TO MAKE INVESTMENTS IN ELECTRIC VEHICLES. INCREASING ITS SPENDING ON NEW EV FACILITIES IN BOTH THE U.S. AND CHINA. IN 2024, TOYOTA APOLOGIZED FOR FRAUDULENT TESTING ON ITS VEHICLES – INCLUDING COLLISION, AIRBAG INFLATION AND ENGINE POWER…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…