A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.
Tag: solar energy
Major Oil Companies Look to Fill Businesses’ Growing Appetite for Green Power
Businesses are buying more renewable power, and oil majors want a piece of the action. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals to supply electricity to big corporate buyers like Amazon.com Inc. and Microsoft Corp., treading into the domain of traditional… Continue reading Major Oil Companies Look to Fill Businesses’ Growing Appetite for Green Power
Coronavirus Pandemic Speeds Shift to Cleaner Energy
The world’s transition to cleaner sources of energy is gaining speed as the coronavirus pandemic accelerates a shift in investment away from fossil fuels, according to the International Energy Agency. Capital spending on energy this year is set to plunge by 18%, as global energy demand is expected to fall by 5% in 2020, a… Continue reading Coronavirus Pandemic Speeds Shift to Cleaner Energy