energy
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Biden Tells Oil Companies to ‘Stop War Profiteering’ and Threatens New Corporate Taxes Amid Record Petroleum Profits
President Joe Biden is apparently sick of watching oil companies rake in record profits while consumers pay big bucks at the pump. He threatened new windfall profit taxes against fossil fuel giants, and cautioned corporations to cease cashing in the war in Ukraine, in a Monday speech.
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The Energy Crisis Could Actually Be Good for the Climate
In the world of climate change, we’ll take all the good news we can get. The energy crisis kicked off by Russia’s invasion of Ukraine earlier this year could represent a “historic turning point” for ending the world’s reliance on fossil fuels, the world’s top energy agency said this week.
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Renewables Are Holding Back the Emissions Tide
Global emissions in 2022 are projected to rise just a fraction of the amount they increased by last year, thanks in large part to a surge in renewables installation and electric vehicle use, a major global energy organisation said this week.
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‘Water Batteries’ Could Power 135,000 Homes in San Diego
The San Diego Water Authority wants to keep the lights on, even when the Sun goes down. It plans to use San Vicente Reservoir to store solar power energy in so-called water batteries to maximise the city’s renewable energy potential, NPR reports.