ENERGY

By Charles Kennedy of OilPrice.com

U.S. President Joe Biden on Thursday unveiled $7.3 billion investment in clean and affordable electricity for American rural communities as the president looks to help his Vice President and Democratic presidential candidate Kamala Harris to win voters in rural battleground states.

President Biden’s announcement, made in Wisconsin, pledges the multi-billion investment which will be funded by the Inflation Reduction Act (IRA).

The (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

The UK government’s plan to further raise the windfall tax on North Sea oil and gas producers will drive investments away from the region while Britain still needs oil and gas for the foreseeable future, the chief executive of Harbour Energy, the largest UKCS producer, told the Financial Times.

The Labour Party, which came to power in the UK after a landslide victory in the July general election, said in July that it (more…)

Authored by Jonathan Lesser via RealClearEnergy,

Like the Jeopardy! game show, green energy subsidies have been Congress’ answer to every energy policy question. The first OPEC oil embargo of 1973-74 catalyzed decades of energy policy, including the formation of the Department of Energy. Wind, solar, and hydropower subsidies began in earnest with the Public Utilities Regulatory Policy Act of 1978. Similarly, subsidies for corn-based ethanol were enacted as part of the National Energy (more…)