Economy & Business

"On June 1, New Jersey residents will face something they’ve dreaded for months: A nearly 20 percent rate increase in their electricity bills."

"A controversial chemical plant in the centre of Louisiana’s “Cancer Alley” region has indefinitely suspended all production following dire financial results, the facility’s operators announced on Tuesday."

"President Donald Trump promised to unleash an energy renaissance that would lock in U.S. dominance over oil and gas. But that is not how things are working out for America’s drillers, fracking firms and equipment suppliers, including the company founded by Trump’s own energy secretary."

"Key Senate Republicans are resisting the House’s plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies. The pushback comes just a day after House Republicans released a plan to help pay for an extension of President Donald Trump’s tax cuts by cutting more than $500 billion in energy tax credits from former President Joe Biden’s signature climate law."

"Democratic Senator Adam Schiff on Tuesday urged Commerce Secretary Howard Lutnick and the National Oceanic and Atmospheric Administration's acting secretary to restore a database that tracked billion-dollar U.S. disasters."

"Rep. Bruce Westerman (R-Ark.) bought stock in a dozen mining, oil and gas giants two months before ramming an industry-friendly budget bill through his committee."

"The Energy Department has announced proposals to cut dozens of energy efficiency and other rules in what it is describing as the ”‘largest deregulatory effort in history.” The department plans to ax a long list of efficiency regulations, including those pertaining to stoves, ovens, showerheads, clothes washers, dishwashers and microwaves."

"The Trump administration has directed agencies to stop estimating the economic impact of climate change when developing policies and regulations."

"The Trump administration has tightened its control over the independent agency responsible for overseeing America's nuclear reactors, and it is considering an executive order that could further erode its autonomy, two U.S. officials who declined to speak publicly because they feared retribution told NPR."