The New York Power Authority plans to approach the Energy Department's loan office about the state's new nuclear energy plans, president and CEO Justin Driscoll tells Axios.
Why it matters: The comments help reveal how the NYPA is thinking about options for launching the state's first reactor construction in decades.
Republicans in Georgia's state legislature — including a key ally of Gov. Brian Kemp — are pressing U.S. Senate leaders to preserve solar deployment and manufacturing credits.
Why it matters: The lobbying efforts show how GOP plans to pare back Inflation Reduction Act credits in budget reconciliation are roiling red-state developments.
Treasury Secretary Scott Bessent has asked Congress to remove a controversial "revenge tax" provision of the "big, beautiful bill" after striking a deal on global corporate taxes, he said said Thursday.
Why it matters: The provision worried global investors, as it gives the president the authority to tax foreign holdings of U.S. investments. Some worried it would slow the flow of foreign capital into the U.S.
Thursday's loud, rolling rumble — and, for some, a sudden flash and white streak in the sky — might have been a fireball from a meteor passing over metro Atlanta.
Why it matters: More than 100 people from Georgia and parts of South Carolina and Florida reported to the American Meteor Society a potential fireball around 12:30pm.
Heat records were broken in more than 280 locations across the U.S. this week, with more extreme temperatures expected.
The big picture: The scorching heat wave sweeping through the Midwest and the East Coast has brought dangerous conditions to nearly 130 million people under extreme heat warnings or heat advisories on Thursday, according to NOAA's Weather Prediction Center.
As unusually hot temperatures sweep much of the U.S. this week, millions of Americans remain under heat advisories or warnings.
The big picture: While extreme heat can have burdensome impacts on our bodies, it can also have tremendous impacts on vital — and aging — infrastructure.
Global upheavals — from supply chain woes to wars — may increasingly spur countries to replace some fossil-fuel imports with homegrown electrons, a new report finds.
Why it matters: "2024 may well become seen as a beginning of a paradigm shift," the latest Statistical Review of World Energy finds.
Shell's firm denial that it's eyeingacquisition ofBP may tamp down chatter of a blockbuster deal for now — but it won't end speculation about BP's fate as long as it underperforms its Big Oil rivals.
Catch up quick: Hours after the WSJ's buzzy scoop Wednesday about "early stage" talks, a Shell spokesperson said, "This is further market speculation. No talks are taking place."
