Energy Sector

President-elect Biden’s Climate Plan to provide big boost to EVs and green power

President-elect Biden’s Climate Plan to provide big boost to EVs and green power

Joe Biden, the president-elect of the United States, has long been known for his support for clean energy and climate plans, and those plans are expected to provide a big boost to electric vehicles (EVs) and renewable energy with his entry into the White House.

Almost 90% of new electricity production in 2020 will be renewable: EPA

Almost 90% of new electricity production in 2020 will be renewable: EPA

Almost 90 per cent of new electricity production in 2020 will be renewable, with gas and coal would account for merely 10 per cent, according to the International Energy Agency’s (IEA’s) latest report.

Crude Oil Futures Drop with Growing Concerns Regarding Global Growth and Brexit

Crude Oil Futures Drop with Growing Concerns Regarding Global Growth and Brexit

On Tuesday, Crude oil futures dropped during early Asian trading hours with investor ignoring signs of tension in the market focusing more on concerns and sudden declines in stocks on worries of approaching vote on Brexit or the likely exit of Britain from the European Union.

Weekly Rig Count from Baker Hughes Show U.S Rigs Add for a Second Consecutive Week

Weekly Rig Count from Baker Hughes Show U.S Rigs Add for a Second Consecutive Week

This week's rig count report from Baker Hughes shows the number of rigs drilling for oil and gas in the U. S. reached 414. That's a spike of six rigs compared to last week. It indicates some positive note from the oil and gas industry as price rises.

Call for Stronger Regional Haze Rule Might Face Opposition from the Coal Powered Energy Industry

Call for Stronger Regional Haze Rule Might Face Opposition from the Coal Powered Energy Industry

Smoke and haze from coal fired power plants drift to national parks and wilderness obscuring the visibility by up to sixty miles.

Fire Breaks Out at the Largest Solar Plant in the World due to Misaligned Mirrors

On Friday, a fire broke out at the largest solar power plant of the world in California-Nevada border on 4,000 acres of public land in the Mojave Desert. The reason of the fire is said to be misaligned mirrors.

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