Bloomberg Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 billion in payments from retail power …

Bloomberg China’s overseas energy financing dropped to the lowest level since 2008 after the pandemic hampered deal-making in developing nations. Financing for foreign energy projects, including power plants and mines, fell by 43% to $4.6 billion, according to Boston University’s Global Energy Finance Database, which tracks data from two state-owned development banks. More than half of lending was for a …

Bloomberg China still has major safety concerns about Boeing Co’s 737 Max, the deputy head of the country’s aviation regulator said on Monday when asked if it was considering following others in allowing the plane to fly again. Once issues have been fully addressed, China will conduct a final review of the aircraft, Dong Zhiyi said at a briefing in …