Bloomberg A landmark 40-year-old law that’s been key to the growth of renewable energy in the US is being effectively overhauled, threatening to curb demand for solar projects. Federal regulators imposed new limits on which energy projects fall under the Public Utility Regulatory Policies Act, known as Purpa, which helped spur an entire generation of solar and wind farms across ...

Bloomberg Royal Dutch Shell Plc expects the UK can end the sale of gasoline and diesel vehicles in just a decade, as the nation attempts to eliminate emissions by the middle of the century. The ban can be brought forward to 2030 with “the right policy and incentives,” Sinead Lynch, the head of oil giant Shell’s operations in Britain said ...

Bloomberg The Sacramento Municipal Utility District has set a more ambitious climate goal than California, aiming to be carbon neutral 15 years before the rest of the state. The utility’s board unanimously adopted a resolution to “work towards carbon neutrality by 2030” — a decade sooner than its previous target of 2040. Under state law, all of California’s power must ...

Bloomberg China Three Gorges Corp is emerging as the leading bidder for Spanish solar park assets owned by X-Elio Energy SL, in what could become one of the few Chinese acquisitions in Europe this year, people familiar with the matter said. The state-owned firm is in advanced talks to acquire 13 photovoltaic power stations from X-Elio after edging out other ...

Bloomberg Dangote Group’s fertiliser plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production late this year, according to Saipem SpA, the builders. Owned by Aliko Dangote, Africa’s richest man, the facility located in the Lekki district of Nigeria’s commercial hub, has a name-plate capacity of 3 million tons a year of urea and ...

Because of his incontinent use of it, the rhetorical mustard that the president slathers on every subject has lost its tang. The entertainer has become a bore, and foretelling his defeat no longer involves peering into a distant future: Early voting begins in two states (South Dakota and Minnesota) 61 days from Sunday, which is 107 days before Election Day. ...

China’s cosmetic brands may finally be ready to face down their foreign rivals, thanks to the Covid outbreak and a wave of patriotic buying. The rising popularity of domestic makeup products is an example of how the pandemic upheaval and geopolitical tensions are creating unexpected winners and losers. Shares of Proya Cosmetics Co, Guangdong Marubi Biotechnology Co and Shanghai Jahwa ...

Taiwan Semiconductor Manufacturing Co (TSMC) was expected to be severely hurt by a US ban on producing chips designed by Huawei Technologies Co, one of its largest clients. The opposite seems true. The Taiwanese chip foundry posted earnings that far surpassed estimates, and went on to raise its revenue and spending guidance for this uniquely troubled year. Not only does ...

For the Federal Reserve, this time really is different. Having learned a hard lesson in the last recovery — don’t tighten monetary policy too early — the central bank is leaning in the opposite direction. In practice, that means the Fed will not just emphasize actual inflation over forecasted inflation, but will also attempt to push the inflate rate above ...

Bloomberg Oregon sued the US over the detention of residents during anti-racism protests in Portland, shortly after a judge ruled that journalists alleging local police had assaulted them could add federal agents to their own lawsuit. In her suit against the Department of Homeland Security, the US Marshals Service and other federal agencies, Oregon Attorney General Ellen Rosenblum alleges they ...