WAM The U.S. Department of Energy (DOE) has announced the selection of eight new research and development projects to receive a total of $11.5 million in federal funding under DOE’s Subsurface Technology and Engineering Research, Development, and Demonstration Crosscut initiative. The new projects are focused on furthering geothermal energy and carbon storage technologies, and will be funded by the …

  Paris / AFP The board of energy giant EDF is voting on Thursday on a hugely controversial project to build a nuclear power station in Britain which critics say could bankrupt the French utility. EDF’s directors are deeply divided over the planned construction of two nuclear reactors at Hinkley Point for £18 billion (21.4 billion euros, $23.8 billion), with …

  Frankfurt / AFP Scandal-struck car manufacturer Volkswagen said Thursday that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion). Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related to 2015’s diesel emissions cheating scandal. “Further enormous feats of strength will be needed to contain the high …