Felicity Bradstock

4 days ago | oilprice.com | Felicity Bradstock

New York plans to build an advanced nuclear power plant north of New York City to meet rising electricity demand from data centers and industrial growth. The project aligns with national efforts under the Trump administration to fast-track nuclear energy development and streamline regulations. Environmental groups caution that nuclear expansion should not replace the pursuit of broader renewable energy initiatives.

4 days ago | share.google | Felicity Bradstock

The U.S. is investing heavily in a future in nuclear power, through the development of new conventional reactors and power plants, as well as small modular reactors (SMRs). While several states with nuclear plants plan to expand operations in the coming decades, to help deliver more clean power, one area that has big plans for new nuclear power projects is New York.

1 week ago | oilprice.com | Felicity Bradstock

South Africa, heavily dependent on coal for energy and export, has secured $2.2 billion in funding to shift towards renewable energy, despite contributing significantly to global carbon emissions. The transition from coal faces challenges including potential job losses in the coal industry and the need for a developed renewable energy infrastructure.

1 week ago | oilprice.com | Felicity Bradstock

Brazil is expanding its oil and gas exploration and production, including auctioning new blocks in environmentally sensitive areas, despite hosting the COP30 climate summit. President Lula da Silva's administration, while having previously focused on environmental restoration, is now supporting increased fossil fuel output to boost the economy.

1 week ago | oilprice.com | Felicity Bradstock

The Inter-American Development Bank (IADB) is proposing an innovative plan to finance green energy projects in developing countries by buying up existing green loans to free up private sector investment. This approach aims to address the significant financing gap for global climate action, potentially mobilizing a substantial portion of the $1.3 trillion annual climate investment goal.