New York City
fromNew York Daily News
12 hours agoIt's time for public power in New York
The electrical system's fragility and Con Edison's profit motives contribute to community hardships during outages.
EDF chairman Bernard Fontana stated that financial aid will be targeted at low income households, providing up to €1,000 towards the cost of installing a heat pump. This can be combined with existing government aid schemes for heat pumps, resulting in a total out-of-pocket cost of €3,000 for installation, which is less than the cost of a replacement gas heating system.
Brookfield Renewable pays a quarterly distribution of $0.392 per unit, annualizing to roughly $1.57. With the stock trading around $39.36, that puts the yield in the neighborhood of 4%, and the company just announced a 5% distribution increase. The next payment hits March 31, 2026.
"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."
Tech companies are conflating traditional artificial intelligence with generative AI when claiming the energy-hungry technology could help avert climate breakdown, according to a report. Most claims that AI can help avert climate breakdown refer to machine learning and not the energy-hungry chatbots and image generation tools driving the sector's explosive growth of gas-guzzling datacentres, the analysis of 154 statements found.
BP ( NYSE: BP) just confirmed what many already suspected: Big Oil's renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green energy portfolio in 2025, including $3.5 billion on solar developer Lightsource bp and renewable natural gas producer Archaea. The company suspended share buybacks entirely to shore up its balance sheet while CEO Carol Howle emphasized a return to BP's "distinctive opportunity set in upstream business."
Solar and wind power provided more electricity than coal and gas last year, leading a global trend, said think tank Ember. Solar and wind power outperformed fossil fuels in the European Union for the first time last year, a new high watermark on Europe's transition to green and autonomous energy. The two sources of energy generated 30 percent of EU electricity, compared with 29 percent for coal and gas, Ember, a global energy think tank, said on Thursday in its European Electricity Review.
The government has awarded contracts to a record supply of new solar power projects, in a move that boosts the country's clean power goals but could spark anger from local opponents. The developments will be located across England, Scotland and Wales, with the West Burton solar farm planned for the Lincolnshire and Northamptonshire border becoming the largest ever to win a government contract.