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Traffic is pictured at twilight along 42nd St. in the Manhattan borough of New York, U.S., March 27, 2019. REUTERS/Carlo Allegri/File Photo

New York to fine fossil fuel companies $75 billion under new climate law

New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday.

 
Power, Energy, and Mineral Resources Adviser Muhammad Fouzul Kabir Khan. File Photo: Collected

No more electricity price hike despite IMF directions: Energy adviser

Annual losses of $1.2b in electricity sector can be reduced through reforms: IEEFA
Britain faces huge challenge to meet 2030 clean power goal, grid operator says

Britain faces huge challenge to meet 2030 clean power goal, grid operator says
Cuba power grid: How it collapsed and what comes next

Cuba power grid: How it collapsed and what comes next
A man fills containers with water amidst water shortages in Sicilan town of Alcamo, Italy, August 8, 2024. REUTERS/Antonio Cascio/File Photo

OECD-backed group calls for global pact to solve water crisis

Oil prices drop on easing fears over Middle East, most markets rise

Govt scraps LNG terminal installation deal with Summit

An aerial view of the Ratcliffe-on-Soar Power Station on July 4, 2023 in Nottingham, England. The plant is due to shut down on Monday. Christopher Furlong/Getty Images

UK becomes the first major economy to stop burning coal for electricity, closing its last power plant

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