Exxon Mobil Corp. plans to invest $50 billion over five years to expand its U.S. oil-and-gas production facilities, the company said on Feb. 2, when it released its 2017 results, which included $8.4 billion in fourth-quarter earnings and $19 billion in income for the year.
With the federal government taking a back seat on climate change, states and cities are accelerating initiatives to control emissions through CO2 cap-and-trade programs and carbon-use taxes.
More big corporations are looking to meet up to 100% renewable energy goals, but antiquated grid operator planning has delayed construction of transmission infrastructure that is putting the targets at risk.
After years of low oil prices and reduced offshore activity, the Trump administration has given the oil industry a boost, offering proposals for a massive drilling plan and a rollback of Obama-era regulations.
Local officials say sitework is set to start in spring at the 2,500-acre cotton field near Huntsville, Ala., where automakers Toyota and Mazda on Jan. 10 announced a $1.6-billion manufacturing plant to employ about 4,000 and produce 300,000 vehicles annually.
To expand offshore wind in Europe and reduce the cost of connecting turbines farther out to sea by cable as coastal locations fill up, TenneT, a major European transmission grid operator, is studying the feasibility of building a $1.8-billion man-made wind-farm island in the North Sea between the U.K. and Denmark—and maybe others.
The U.S. Environmental Protection Agency plans to roll back the Obama administration’s 2015 Clean Power Plan, meant to cut greenhouse-gas emissions 32% from 2005 levels by 2030.