Bloomberg Federal regulators are set to make a decision on New York’s power market that could disrupt the state’s plans to reach its climate goals. The US Federal Energy Regulatory Commission (FERC) has scheduled a meeting for Thursday to rule on a case filed by some generators who said the state’s policies were unfair because only clean-power producers received subsidies. …

Bloomberg A plunge in prices is shaking some of the more marginal players out of the liquefied natural gas (LNG) market, chilling what until recently was the hottest part of the energy industry. Major utilities from Orsted in Denmark to Iberdrola in Spain are exiting the business. Naturgy Energy has made no secret it isn’t comfortable with the volatility of …

Bloomberg HSBC Holdings Plc Chairman Mark Tucker promised a strategy reboot. Investors got what some called more of the same — pledges to cut costs and do more with less. The shares plunged by the most since 2017 after buybacks were shelved for two years and the executives themselves said more bad news was still to come — once they …