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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…
The European Union needs to diversify its natural gas sources, Brussels’ energy commissioner said this week, expressing a growing unease in European capitals that the EU has become too dependent on liquefied natural gas from the United States. Yet succeeding in that diversification drive will be tricky because of the bloc’s emissions-focused energy policies – and the sanctions on Russia. “We are speaking to countries around the world that are able to deliver LNG to us,” Energy Commissioner Dan Jorgensen told media…
If global heating reaches the 2-degree-Celsius mark, we can expect living conditions to change dramatically, according to the broad scientific consensus. The International Energy Agency (IEA) has repeatedly called for countries to decarbonise and shift to renewable energy to control global warming in the coming decades before it causes irreparable damage. However, with recent forecasts suggesting that several countries are going to fall short of their climate pledges, it is important to understand what that could mean for the world. The Paris…
As Americans brave a brutal cold snap, households are facing higher heating bills this summer. According to a report released last week by the National Energy Assistance Directors Association (NEADA), heating prices are expected to rise by 9.2% in the 2025-2026 winter vs. one year ago. According to the NEADA analysis, electricity costs are expected to rise $12.2%, or $133 this winter, while gas prices are projected to rise 8.4% or $54. Heating oil costs are expected to remain flat, while propane should be down 1.4%,…
Gold prices surged sharply on Thursday morning as energy markets jolted higher following fresh Iran-related rhetoric from U.S. President Donald Trump, briefly sending oil prices up by as much as 5% intraday and reigniting demand for hard-asset hedges. The move in gold came as Brent crude punched back above the $70 a barrel level earlier in the session, after Trump warned that military action against Iran remained on the table if tensions escalate further. The remarks brought geopolitical risk back into oil markets that had recently been driven…
