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UK to spend $24 billion on carbon capture projects

BLOOMBERG Chancellor of the Exchequer Jeremy Hunt will announce $24 billion for domestic carbon capture projects over the next 20 years in his budget next week, as the UK seeks to hit its net zero targets and spur green jobs. “It’s time for a clean energy reset,” Hunt said in an e-mailed statement, which also trailed plans to boost Britain’s ...

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French nuclear revival hits trouble as new reactor defects found

BLOOMBERG France’s troubled nuclear industry is supposed to be in revival, but the discovery of further defects at some reactors this week is stoking fears that the year ahead could be just as difficult as the last. Electricite de France SA’s fleet of 56 atomic power plants has long been the backbone of Europe’s energy system, but in 2022 it ...

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Cloud computing is pricy. These startups want to help

BLOOMBERG Cloud computing is expensive. As the tech economy stumbles and businesses pare back, growth at the largest cloud-computing companies has slowed. That’s created an opportunity for startups that want to help trim those bills. Vantage, a New York City-based company has raised $21 million from investors. The haul follows two larger investment rounds in recent months by competing companies ...

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