Energy
Sanctions against Russia could have worked if properly executed, top economist says
The sanctions against Russia for invading Ukraine could have hobbled Moscow’s war effort from the start had they been applied more strictly and with better cooperation from the West, according to a 2024 Nobel laureate from the Massachusetts Institute of Technology.
Ford pivots away from all-electric strategy amid weak adoption, EVs ‘just weren’t selling’
Ford is paring down its focus on electric vehicles and investing more in gasoline and hybrid models, a pivot expected to cost the carmaker billions.
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India’s Parliament approves bill to open civil nuclear power sector to private firms
India's Parliament approved new legislation Thursday that enables opening the tightly controlled civil nuclear power sector to private companies.
Energy Department watchdog will audit Trump’s cuts of nearly $8B in clean energy grants
An internal watchdog in the U.S. Department of Energy will investigate the Trump administration's termination of $7.6 billion in grants for hundreds of clean energy projects across 16 states that voted for former Vice President Kamala Harris in the 2024 presidential election.
Some sanctioned oil vessels divert from Venezuela as Trump threatens blockade
Some oil vessels are diverting away from Venezuela after U.S. President Donald Trump threatened a "total and complete blockade of all sanctioned oil tankers" entering or leaving the South American country, a dramatic escalation in the White House's pressure campaign on leader Nicolas Maduro.
The oil blockade threat creates anxiety in Venezuela but people stick to their daily lives
U.S. President Donald Trump's threat to cut off Venezuelan oil sales could devastate a country already wrangling with years of spiraling crisis.
Federal judge blocks Whitmer from shutting down submerged Great Lakes pipeline
A federal judge on Wednesday blocked Michigan Gov. Gretchen Whitmer's attempt to shut down an aging oil pipeline running beneath a channel linking two of the Great Lakes, finding that only the federal government can regulate interstate pipeline safety.
Trump declares Venezuelan government a ‘terrorist’ organization; orders oil tanker blockade
President Trump on Tuesday designated the Venezuelan government a "terrorist organization" and ordered a "complete and total" blockade of sanctioned oil tankers moving in and out of the country.
States sue Trump administration again over billions in withheld electric vehicle charging funds
Sixteen states and the District of Columbia are suing President Donald Trump's administration for what they say is the unlawful withholding of over $2 billion dollars in funding for two electric vehicle charging programs, according to a federal lawsuit announced Tuesday.
Underground nuclear tests would be authorized by provision in Defense bill
The Pentagon will be authorized to resume underground nuclear tests under a provision of the pending defense authorization bill.
Lawsuit challenges the approval of an exploratory drilling program in Alaska petroleum reserve
Conservation groups and an Inupiat-aligned group sued Thursday to overturn the recent approval of an exploratory drilling program in the National Petroleum Reserve-Alaska, saying it was improperly analyzed by the federal government and could harm caribou and important habitat areas.
WATCH: National Petroleum Council calls for energy permitting reforms
In a December release, the National Petroleum Council recommended removing lengthy reviews and overlapping regulations that lead to higher costs and missed opportunities when it comes to the permitting issue.
Venezuela cries ‘piracy’ after U.S. seizes sanctioned ship carrying bootleg oil to Iran
Venezuelan officials said the U.S. engaged in "blatant theft and an act of international piracy" after American troops seized a tanker near its coastline that the Trump administration said was transporting crude oil from Venezuela to Iran in violation of sanctions.
First of 30 oil lease sales planned for Gulf of Mexico draws $279 million in bids from companies
Oil companies offered $279 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned for the region under Republican efforts to ramp up U.S. fossil fuel production.
U.S. seizes oil tanker off Venezuela’s coast; Trump says, ‘Other things are happening’
President Trump said Wednesday that U.S. forces seized a sanctioned oil tanker off the coast of Venezuela, a move that will likely inflame an already tense standoff between Washington and Caracas.
Federal judge throws out Trump order blocking development of wind energy
A federal judge on Monday struck down President Donald Trump's executive order blocking wind energy projects, saying the effort to halt virtually all leasing of wind farms on federal lands and waters was "arbitrary and capricious" and violates U.S. law.
Orban: Turkey guarantees Russian oil will continue to flow to Hungary
Turkey will continue to allow Russian oil to flow to Hungary, despite protests from European powers, Hungarian Prime Minister Viktor Orban announced Monday.
Rubio and Hegseth meet Australian counterparts with China expected to be focus
Secretary of State Marco Rubio and Defense Secretary Pete Hegseth are meeting their Australian counterparts Monday in Washington for annual talks expected to focus on Indo-Pacific security and countering China's increasing assertiveness in the region, including in the South China Sea and directed at Taiwan.
China threat to U.S. electric grid increases
China's government has penetrated networks used to control the U.S. electric grid and could use the covert access to shut down the flow of electricity to Americans in a crisis or conflict, grid experts warned Congress this week.
Americans shun EVs as tax credits disappear; industry adjusting to rollback of rules
Americans were already feeling uneasy about purchasing an electric vehicle. Then the generous tax subsidies ended.
