Category: News

November 6 2017

How the Trump White House Wound Up Releasing Dire Climate Report

Written by Eric Roston and Christopher Flavelle. This article first appeared in Bloomberg Politics. The Trump administration has dismissed the threat of climate change, proposed cuts to climate research and remade scientific advisory boards. Yet it released a report on Friday that said climate change is real, dangerous and man-made. Don’t read much into it. […]

November 3 2017

GOP’s ‘Cruel and Unusual’ Tax Plan Cuts Wind Forecast in Half

Written by Brian Eckhouse. This article first appeared in Bloomberg News. House Republicans’ proposed tax-reform plan would slice wind development in half, according to a forecast Friday by Bloomberg New Energy Finance. BNEF had expected the U.S. to add 38 gigawatts of new wind power through 2020. Based on the proposal released Thursday, that figure […]

November 3 2017

There’s One Unspeakable Fix That Would Help Pay for the GOP’s Tax Cuts

Written by Eric Roston. This article first appeared in Bloomberg News. Paying for tax reform is easy—as long as the White House and Congress don’t mind fixing climate change at the same time. That’s the counterintuitive pitch of Robert Litterman, a financial economist who became famous on Wall Street in the 1990s for co-inventing a […]

November 3 2017

Exxon Is Spending $1 Billion a Year to Research Green Energy

Written by Anna Hirtenstein. This article first appeared in Bloomberg News.  One of the world’s biggest oil companies is pumping more than $1 billion a year into alternative forms of energy from algae engineered to bloom into biofuels and cells that turn emissions into electricity. The funds from Exxon Mobil Corp. are for more than […]

November 2 2017

Fossil-Fuel Friendly Tax Plan Spares Oil, Not Solar or Tesla

Written by Alex Nussbaum, Brian Eckhouse and Emma Ockerman. This article first appeared in Bloomberg Markets.   The tax overhaul proposed in the U.S. House is a better bet for oil and gas companies than solar developers or electric car buyers, keeping with President Donald Trump’s decidedly fossil-fuel friendly views. The proposal, unveiled Thursday, slashes tax rates […]

November 2 2017

Tesla Delays Model 3 Goals After Record Cash Burn

Written by Dana Hull. This article first appeared in Bloomberg Tech.  Tesla Inc. still hasn’t figured out how to overcome manufacturing challenges that threaten its viability as an automaker, with battery factory-line glitches pushing out production targets for the Model 3 sedan. The company won’t make 5,000 units per week of its cheapest car until sometime […]

November 2 2017

Solar Companies Slip on Risk GOP Tax Reform Will Cut Key Subsidy

Written by Brian Eckhouse. This article first appeared in Bloomberg Technology.  Vivint Solar Inc. and Enphase Energy Inc. were among solar companies that slipped Wednesday as investors confront the possibility that a key federal subsidy may be threatened by the anticipated tax reform proposal. The still-unreleased proposal is expected to include significant tax cuts, prompting […]

November 1 2017

The Fracking Boom’s Midlife Crisis

Written by Alex Nussbaum and David Wethe. This article first appeared in Bloomberg News. Crude prices bouncing around $50 to $60 a barrel have kept U.S. shale producers stuck on the edge of profitability. That hasn’t been enough to shut down the oil boom in places such as North Dakota, Texas, and New Mexico—at least […]

November 1 2017

Nickel Surges to Best Since 2015 on Promise of Electric-Car Boom

Written by Martin Ritchie and and Yuliya Fedorinova. This article first appeared in Bloomberg News.  Nickel rocketed to a two-year high in London and climbed by the daily limit in Shanghai, as investors bet on a long-term boost to demand from the rise of electric cars. Other metals also climbed. Nickel advanced as much as […]

November 1 2017

Emphasis on Coal Moves Japan in the Wrong Direction, Report Says

Written by Chisaki Watanabe. This article first appeared in Bloomberg News. Japan’s support for coal power is pushing against global trends and ignores the nation’s advantages in clean-energy technology, according to a report released Wednesday. The country is unique among Group of Seven members for its plans to add domestic coal-generation capacity and for providing […]