Economy & Business

"Warren Buffett’s $26 billion bet on western U.S. power plants, transmission lines and wind farms is poised to pay off."

"Enormous amounts of capital investment — up to $2.5 trillion a year — will be needed to supply the world’s energy needs through 2035, according to a report released Monday by the International Energy Agency, the intergovernmental organization based in Paris."'

"White House adviser John Podesta slammed a U.S. Chamber of Commerce report Wednesday that claimed the administration's coming climate rule on power plants would cost more than $50 billion per year."

"When coal plants close, communities face painful transitions. Debate over one Massachusetts plant shows the local impacts of a national shift to cleaner power."

"The world's food supplies are at risk because farmland is becoming rapidly concentrated in the hands of wealthy elites and corporations, a study has found."

"Homeowners and developers installed 1.33 gigawatts of solar panels in the first quarter, the second-largest total on record, according to the Solar Energy Industries Association."

"Barclays this week downgrades the entire electric sector of the U.S. high-grade corporate bond market to underweight, saying it sees long-term challenges to electric utilities from solar energy, and that the electric sector of the bond market isn’t pricing in these challenges right now. It’s a noteworthy downgrade since electric utilities which make up nearly 7.5% of Barclays’ U.S. Corporate Index by market value."

"Drought, hurricanes and rising seas are becoming more significant threats to the world’s biggest companies and the risk is accelerating, according to the Carbon Disclosure Project."

"While Canada slashes budgets for research, education and public broadcasting, there is one part of our economy that enjoys remarkable support from the Canadian taxpayer: the energy sector."

"CALGARY, Alberta — With TransCanada’s Keystone XL pipeline snarled in a regulatory and legal struggle south of the border, Canadian oil companies are proposing many new and expanded pipelines that would connect the oil sands fields with new markets in China and across the world."