As the United Nations General Assembly opens in New York, we speak with senior Cuban diplomat Carlos Fernández de Cossío, who says the Trump administration is seeking to “asphyxiate the people of Cuba into submission.” On Friday, millions in Cuba lost power in what was at least the sixth major blackout since President Trump cut off fuel shipments to the island in January. The fuel blockade comes…
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Millions of people across the U.S. are angry at their utilities. Electricity costs are rising while CEOs and Wall Street investors salivate over the booming energy demand from data centers. Now, we could be entering a new and ominous stage of utility power: the rise of the corporate mega-utility. On May 18, Florida-based NextEra Energy, owner of the largest electric utility in the U.S.
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“The demand for power and for AI is like nothing I’ve ever seen.” These words were uttered during an October earnings call, not by a wide-eyed tech executive, but by Jeff Miller, the CEO of Halliburton, one of the world’s biggest oilfield services corporations. Like droves of other companies tied to the fracked gas industry, Halliburton is pivoting toward servicing the data center boom…
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Electricity bills for millions of utility customers are skyrocketing across the U.S. while the number of households facing extreme utility debt is mounting. Energy costs are being turbocharged by the AI data center boom, which is prolonging the burning of fossil fuels in the face of intensifying climate chaos. Overseeing all this is a powerful regime of investor-owned utilities that dominate our…
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Ratepayers across the U.S. are facing rising electric bills — a trend that could be turbocharged by Wall Street’s growing effort to capture the electric utilities we all depend on. A critical turning point in this development occurred in October when Minnesota state regulators greenlit the acquisition of Allete by asset management behemoth BlackRock — set to become Allete’s majority…
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