Biden says his administration engaged in talks to avert railroad strike

NANTUCKET, Mass., Nov 24 (Reuters) – President Joe Biden said on Thursday his administration was involved in negotiations to avert an impending U.S. railroad strike that could shut down supply chains across the country, but added that he hasn’t directly committed to the matter yet. Speaking to reporters outside a fire station on Nantucket Island, … Read more

U.S. rejects funding to re-open Michigan nuclear plant -Holtec

WASHINGTON, Nov 18 (Reuters) – The U.S. Department of Energy has rejected Holtec International’s request for funding to reopen the Palisades nuclear power plant in Michigan, a Holtec spokesman said on Friday. Holtec purchased the 805-megawatt Palisades Generating Station in May to decommission the facility, which had struggled to compete with natural gas and renewables. … Read more

To save salmon, U.S. approves largest dam removal in history

November 17 (Reuters) – A U.S. agency seeking to restore habitat for endangered fish gave final approval on Thursday to dismantle four straddle dams on the California-Oregon border, the biggest removal undertaking roadblock in United States history. Removing the dam is expected to improve the health of the Klamath River, the route that endangered chinook … Read more

U.S. aims for zero-emissions heavy-duty vehicles by 2040

WASHINGTON, Nov 17 (Reuters) – The United States aims to sell and produce only zero-emission medium- and heavy-duty vehicles like school buses and tractor-trailers by 2040, the U.S. Secretary of State agreed on Thursday. energy at the COP27 climate summit in Egypt. . The non-binding memorandum of understanding sets a target for 30% of these … Read more

U.S., Japan and partners mobilise $20 bln to move Indonesia away from coal power

NUSA DUA, Indonesia/SHARM EL-SHEIKH, Egypt, November 15 (Reuters) – A coalition of countries will mobilize $20 billion in public and private funding to help Indonesia shut down coal-fired power plants and move forward seven years the date of the sector’s peak emissions for 2030, the United States, Japan and their partners announced on Tuesday. The … Read more

Exclusive: U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns

November 11 (Reuters) – More than 1,000 shipments of solar power components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from the China’s Xinjiang region due to slave labor concerns, according to federal customs officials and industry sources. The level of seizures, which … Read more

Judge approves $80 mln Porsche U.S. vehicle settlement

WASHINGTON, Nov 9 (Reuters) – A U.S. judge on Wednesday granted final approval to a class action settlement worth at least $80 million to resolve claims by Volkswagen AG (VOWG_p.DE) and its Porsche AG unit skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States. The settlement, first reported by Reuters … Read more

U.S. Supreme Court rejects Bristol Myers cancer-drug patent fight with Gilead

WASHINGTON, Nov 7 (Reuters) – The U.S. Supreme Court on Monday rejected a bid by Bristol Myers Squibb Co’s Juno Therapeutics Inc to reinstate a $1.2 billion prize it won in its patent fight with Gilead Sciences Inc subsidiary (GILD.O) Kite Pharma Inc. on a lymphoma drug. Judges rejected Juno’s appeal against a lower court’s … Read more

Biden comments on coal-fired plants slammed by Manchin ahead of U.S. midterms

JOLIET, Ill., Nov 5 (Reuters) – President Joe Biden’s comments about shutting down coal-fired power plants days before a critical midterm election drew fire from a key conservative Senate Democrat on Saturday. “No one is building new coal plants because they can’t count on them, even though they have all the coal guaranteed for the … Read more

Senate Republicans want the SEC to explain why staff are quitting

Oct 30 (Reuters) – Senate Republicans want the SEC to explain why staff are leaving the nation’s corporate watchdog at the fastest rate in 10 years amid a wave of proposed rules, according to a letter seen by Reuters on Sunday. The Oct. 27 private letter from Senate Republicans to Securities and Exchange Commission Chairman … Read more