Trump could pick these companies as national champions, Evercore says
U.S. economic policy has shifted toward state capitalism, with the Trump administration investing in publicly-traded companies in strategic industries, according to Evercore ISI. The White House has already taken equity stakes in MP Materials , Lithium Americas , Intel and Canada’s Trilogy Metals this year, a departure from past practice, Continue Reading
India deepens U.S. energy trade to mend trade relations amid tariffs
A man pushes a tricycle loaded with LPG cylinders on the road below the Adani signage in Mumbai. US based Hindenburg Research firm’s allegation on fraud by Adani Enterprise has sparked political debate in India by the opposition parties. Sopa Images | Lightrocket | Getty Images India is ramping up Continue Reading
‘Godfathers of wind’ raise alarm amid Trump’s attacks on renewables
US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on Continue Reading
Anthropic announces $50 billion AI spend, two U.S. data centers
Anthropic announced plans Wednesday to spend $50 billion on a U.S. artificial intelligence infrastructure build-out, starting with custom data centers in Texas and New York. The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack. Continue Reading
Soaring electricity prices fuel backlash against AI data centers
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Voter anger at surging electricity prices is fueling political backlash against the artificial intelligence industry’s data centers, with Democrats accusing the Trump administration of failing to address Continue Reading
What now for peak oil? Unpacking the IEA’s shift on fossil fuel demand
A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images The International Energy Agency’s latest outlook signals that oil demand could keep growing through to the Continue Reading
Electricity bills in states with the most data centers are surging
Electricity prices are surging, voters are growing angry, and the artificial intelligence industry’s data centers are increasingly a target for blame with U.S. mid-term elections on the horizon. Residential utility bills rose 6% on average nationwide in August compared with the same period in the previous year, according to the Continue Reading
Electricity bills in states with the most data centers are surging
Electricity prices are surging, voters are growing angry, and the artificial intelligence industry’s data centers are increasingly a target for blame with U.S. mid-term elections on the horizon. Residential utility bills rose 6% on average nationwide in August compared with the same period in the previous year, according to the Continue Reading