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The push into electric vehicles was always bullshit, sold by the left as the move that would future-proof America’s and Europe’s legacy automakers and save the planet - and anyone not buying it was subject to a guilt trip from smug, private-jet-owning elitists. Instead, EVs are now looking like one of the costliest strategic blunders in modern automotive history. Major U.S. and European brands - including Ford, General Motors, Stellantis, Mercedes-Benz, and Volkswagen - have collectively burned through nearly…
Washington is preparing to take another step deeper into Venezuela’s oil sector, with plans to issue a broad license that would allow companies to pump crude in the country for the first time in years. According to people familiar with the matter who spoke to Bloomberg, the U.S. Treasury could issue the general license as soon as this week. If it happens, it would follow last week’s authorization allowing companies to buy, sell, ship, and refine Venezuelan crude—provided the activity runs through established U.S.-linked entities.…
As stated earlier last month, Europe’s reliance on China for the minerals and materials underpinning the clean energy transition is no accident; it was a policy choice. And just as it chose dependency, Europe can choose resilience. The contours of that choice are now sharp and urgent: this is not about isolationism, but about strategic autonomy, industrial renaissance, and practical competitiveness. Europe’s vulnerability lies not in geology but in policy and capacity. Europe is not barren of lithium, nickel, graphite, rare earths,…
Texas’ environmental regulator this week issued the largest air pollution permit in the country to an enormous planned complex of gas power plants and data centers near the oilfields of the Permian Basin, according to an announcement from the project’s developers. Pacifico Energy, a global, investor-owned infrastructure company, called its 7.65 gigawatt GW Ranch in Pecos County “the largest power project in the United States” in a press release this week. It’s among a handful of similarly…
Since the Labour government came into power in 2024, the United Kingdom has doubled down on efforts to decarbonise its economy and put itself on track for achieving its net-zero carbon emissions aims for the mid-century. However, in recent months, there has been some division in parliament about the high price tag associated with achieving the country’s climate goals. The U.K. introduced its 2050 net-zero target in 2021, in a bid to limit global warming in line with international Paris Agreement aims. The government has since adopted…
