The U.S. government will pay a French energy firm nearly $1 billion to cancel its plans to build a pair of wind farms off the East Coast, the Trump administration announced Monday in its latest move to stymie offshore wind. The French firm TotalEnergies will forfeit its leases for projects off the coasts of New York and North Carolina, with the United States paying $928 million to reimburse…
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Operation Epic Fury makes perfect sense. To understand it, you simply have to ignore previous political and military norms. The simplest explanation is that the war fits Donald Trump’s two primary principles: enrichment and domination. The consensus on the left is that the U.S. war on Iran is impulsive, senseless, incomprehensible, illogical, not strategic, and not in the U.S. national interest.
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The deadly war launched by the United States and Israel against Iran has led to serious military and economic impacts across the region that produces much of the world’s oil and gas. A global spike in fuel prices could further inflame an affordability crisis that President Donald Trump has repeatedly called a “hoax” created by Democrats. However, higher oil and gas prices would be a boon for…
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As a rare winter storm bore down on South Carolina, bringing conditions that historically paralyze the state for days, local officials in a rural county quietly pushed through a massive $2.4 billion data center without most residents knowing it was even on the table. “There was a public meeting, which most were unaware of,” Jessie Chandler, a resident of rural Marion County, told Capital B…
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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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