No one can doubt President Joe Biden’s commitment to clean energy. Unfortunately, his agenda faces a challenge rarely mentioned by climate activists: excessive regulation. A report from the National Academies of Sciences found that if the US wants to reach net-zero emissions by midcentury, it will need to roughly double the share of electricity it produces from non-carbon sources by ...

Bloomberg Distressed flag carrier PT Garuda Indonesia plans to undertake a rights issue to raise additional capital and will invite strategic investors to take part as it attempts to revive its ailing business. The airline expects to launch the equity issue after the Indonesian government makes good upon its plan to inject the carrier with fresh funds, Finance Director Prasetio ...

  Bloomberg UK convenience store operator McColl’s Retail Group Plc said it is in talks on a financing deal to save the company, but warned shareholders that they face wipeout even if a pact is reached. The stock plunged 55%. “A potential financing solution is under active discussion with its key commercial partner and lenders which would resolve the short ...