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Economy & Business

"Louisiana: Controversial Denka Plant Suspends Production After Dire Losses"

"A controversial chemical plant in the centre of Louisiana’s “Cancer Alley” region has indefinitely suspended all production following dire financial results, the facility’s operators announced on Tuesday."

Source: Guardian, 05/15/2025

"Trump Promised U.S. Dominance. Instead, Energy Companies Are Faltering."

"President Donald Trump promised to unleash an energy renaissance that would lock in U.S. dominance over oil and gas. But that is not how things are working out for America’s drillers, fracking firms and equipment suppliers, including the company founded by Trump’s own energy secretary."

Source: Washington Post, 05/14/2025

"Senate Republicans Balk at House Plan to Gut Energy Tax Cuts"

"Key Senate Republicans are resisting the House’s plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies. The pushback comes just a day after House Republicans released a plan to help pay for an extension of President Donald Trump’s tax cuts by cutting more than $500 billion in energy tax credits from former President Joe Biden’s signature climate law."

Source: Bloomberg, 05/14/2025

Calif. Senator Calls On NOAA To Restore 'Billion-Dollar' Disaster Database

"Democratic Senator Adam Schiff on Tuesday urged Commerce Secretary Howard Lutnick and the National Oceanic and Atmospheric Administration's acting secretary to restore a database that tracked billion-dollar U.S. disasters."

Source: Reuters, 05/14/2025

House Natural Resources Chair’s Oil Stock Purchases Were Unusual For Panel

"Rep. Bruce Westerman (R-Ark.) bought stock in a dozen mining, oil and gas giants two months before ramming an industry-friendly budget bill through his committee."

Source: Public Domain, 05/14/2025

Energy Department Proposes To Cut 47 Rules On Energy Efficiency, SPR, DEI

"The Energy Department has announced proposals to cut dozens of energy efficiency and other rules in what it is describing as the ”‘largest deregulatory effort in history.” The department plans to ax a long list of efficiency regulations, including those pertaining to stoves, ovens, showerheads, clothes washers, dishwashers and microwaves."

Source: The Hill, 05/13/2025

"Trump Tightens Control Of Independent Agency Overseeing Nuclear Safety"

"The Trump administration has tightened its control over the independent agency responsible for overseeing America's nuclear reactors, and it is considering an executive order that could further erode its autonomy, two U.S. officials who declined to speak publicly because they feared retribution told NPR."

Source: NPR, 05/12/2025

"Why 35 House Democrats Joined Republicans Against a Major Climate Policy"

"Some said they worried that California’s planned ban on gas-powered vehicles would raise the price of cars. Another cited “intense and misleading lobbying” by the oil industry."

Source: NYTimes, 05/07/2025

"E.P.A. Plans to Shut Down the Energy Star Program"

"The Environmental Protection Agency plans to eliminate Energy Star, the popular energy efficiency certification for dishwashers, refrigerators, dryers and other home appliances, according to agency documents and a recording of an internal meeting."

Source: NYTimes, 05/07/2025

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