The U.S. power grid added more capacity from solar energy in 2024 than from any other source in a single year in more than two decades, according to a new industry report released on Tuesday. The data was released a day after the new U.S. energy secretary, Chris Wright, strongly criticized solar and wind energy…
Before a packed crowd of oil and gas executives on Monday, Chris Wright, the new U.S. energy secretary, delivered a scathing critique of the Biden administration’s energy policies and efforts to fight climate change and promised a “180 degree pivot.” Mr. Wright, a former fracking executive, has emerged as the most forceful promoter of President…
For the past two days, under the soft lights of chandeliers in a Marriott basement a block from the White House, energy ministers and tech founders from across Africa gathered to discuss how best to bring electricity to more than 600 million people on the continent who have none. Much of their hope, and fear,…
Two weeks after their bank accounts were frozen amid a swirl of investigations by the Trump administration, nonprofit organizations that were supposed to receive $20 billion to help curb climate change are still unable to withdraw money, raising concerns about their ability to pay staff. The accounts were frozen by Citibank, which holds the money,…
BP, the energy giant, on Wednesday said it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy. The move, described as a “reset,” appears to be a response to a combination of investor pressure for higher returns and a realization that the so-called energy transition to…
As the Trump administration imposes deep cuts on foreign aid and renewable energy programs, the World Bank, one of the most important financiers of energy projects in developing countries, is facing doubts over whether its biggest shareholder, the United States, will stay on board. While the Trump administration has voiced neither support nor antipathy for…
American manufacturing has been in the doldrums for years, battered by high borrowing costs and a strong dollar, which makes exports less competitive. But there has been a bright spot: billions of dollars flowing into factory construction, signifying that a potential rebound in production and employment is around the corner. The flood of investment has…
As the Trump administration continues to withhold billions of dollars for climate and clean energy spending — despite two federal judges ordering the money released — concerns are growing that the United States government could skip out on its legal commitments. Typically, when the federal government spends money through a grant or a loan program…
In less than three weeks, President Trump has thrown the U.S. clean energy industry into chaos, with much of the economic damage hitting Republican states and districts. In a quest to eliminate any funding linked to climate change, the Trump administration has frozen federal grants for everything from battery factories to electric school buses and…
The Senate confirmed Chris Wright to lead the U.S. Department of Energy on Monday, putting the former oil executive in a key position to help shape President Trump’s energy policies. Mr. Wright, the founder and chief executive of Liberty Energy, a fracking firm, was confirmed by a vote of 59 to 38, with support from…