Officials in Kenya have already canceled major contracts with Gautam Adani's companies, with funding for projects in other markets also facing potential impact.
Tutor Perini had record backlog but a $152M loss from project charges, while Quanta Services reported revenue below market expectations but strong sales and margins in its renewable energy unit and billions in future projects it is “well positioned to win.”
Doug Burgum, Republican governor of North Dakota, is named to lead a planned new National Energy Council of all sector federal regulators, while others are tapped for top posts at energy, transportation and environmental agencies.
The Biden administration is pushing to award grants and move funds to projects funded by signature infrastructure and climate measures before President-elect Donald Trump takes over.