Executives at the world’s most ambitious “clean coal” plant knew for years about serious design flaws and budget problems but sought to withhold key information from regulators before their plans collapsed, according to documents obtained by the Guardian.
GE Renewable Resources said it’ll spend as much as $400m over the next few years to build an offshore wind turbine almost 100 meters taller than the Washington Monument.
U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of substandard metal components in vehicles.
President Donald Trump has proposed tariffs on aluminum and steel that he says will put the country first. But a broad swath of corporate America strongly disagrees, saying the levies will boost prices on everything from cars to beer and force companies to cut jobs.
Three years ago, Ford Motor made a daring gamble when it started selling a new version of its F-150 pickup truck made mainly of aluminum rather than steel.
Some people call it the "sunrush": a 25-year period in which solar power has grown exponentially, transforming the technology from rarefied oddity to the world’s fastest-growing energy source.
Eighteen percent of all electricity in the United States was produced by renewable sources in 2017, including solar, wind, and hydroelectric dams. That’s up from 15 percent in 2016, with the shift driven by new solar and wind projects, the end of droughts in the West, and a dip in the share of natural gas generation.
With state officials eyeing $56bn of wind farm projects off the American coastline, developers are worried the turbines will need to be stamped with a big "Made in the U.S.A."
President Trump suggested this week that the United States was likely to impose restrictions on imported metals, reviving the prospects for a continuing investigation whose future has been called into question amid months of pushback and delays.
Because of the increasing emphasis on cheaper and cleaner energy sources, natural gas has become one of the most important commodities for the U.S. economy. The incredible boom in production has led natural gas prices to decline dramatically during the past three years. However, 2017 was a pivotal year, as prices finally recovered in response to strengthening global demand. -Connor DiGregorio, Research Analyst, IBISWorld Inc.
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