Bloomberg A US judge threw out New York’s lawsuit seeking to hold five of the world’s biggest oil companies financially responsible for contributing to climate change. US District Judge John Keenan dismissed the city’s claims against Exxon Mobil Corp, Chevron Corp, BP Plc, Royal Dutch Shell Plc and ConocoPhillips, ruling that the federal Clean Air Act controls carbon dioxide emissions ...

Bloomberg European utilities fell after UK energy company SSE Plc said the dry, mild weather that cut quarterly profit could hurt full-year results. The Stoxx Europe 600 Utilities index dropped to a two-week low, led by Orsted AS, the world’s biggest offshore wind-farm developer. SSE, the second-worst performer, fell the most since May and UK energy supplier Centrica Plc slumped ...

Bloomberg The Trump administration’s plan to subsidise unprofitable coal and nuclear plants may cost as much as $35 billion a year, according to a study backed by trade groups opposed to the idea. Giving power plants an out-of-market annual payment of $50 per kilowatt of capacity — roughly the average operating shortfall for plants running at a deficit — would ...