Energy

The U.S. is way behind Europe and its own offshore wind power targets, but the Charybdis — a giant ship nearing completion in Texas — could give a jolt to the industry.

"The physical, emotional, and economic toll on consumers grows," said Rep. Nydia Velázquez, who has asked the U.S. Department of Energy to help.

The rate increases will hit electric vehicles, batteries, semiconductors and certain steel and aluminum products starting as early as this year.

Activists have long sought to put pressure on the money that undergirds oil, gas and coal. But a report shows how global banks continue to finance fossil-fuel-related endeavors.

The tariff rate on Chinese EVs is set to jump from 25% to about 100%, sources said, adding that batteries and solar panels from China would also be affected.

Oklo’s business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants.

A new report released Tuesday details how oil companies knew the consequences of their emissions since at least the 1960s.

Natural gas has become the dominant source of power for the electrical grid. Cold weather events put multiple stresses on the gas supply.

The oil giant’s decision came after several global shippers suspended travel in the area due to a series of attacks by militants from Yemen.

The pledge, back by 49 oil and gas companies, aims to dramatically reduce methane leaks to “near zero” by 2030. Methane is a more potent greenhouse gas than carbon dioxide.

The tragedy unfolded Tuesday night in rural Martin County when a building, formerly used for coal preparation, collapsed as two men were getting it ready for demolition.