energy crisis

California Passes Law to Fine Oil Companies Over Price Gouging

California Passes Law to Fine Oil Companies Over Price Gouging

In a swift manner of action, California has passed a law that prohibits companies from price gouging at the gas pump, meaning companies will face civil penalties for hiking up fuel costs. The new bill also establishes an independent watchdog division within the California Energy Commission (CEC) and gives CEC authority to impose penalties as […]

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    <strong>South Africa Suffers Energy Crisis as Aging Coal Plants Fail</strong>

    South Africa Suffers Energy Crisis as Aging Coal Plants Fail

    South African President Cyril Ramaphosa has declared a National State of Disaster over the country’s worst-ever rolling blackouts. Many customers have been without power for as much as 12 hours per day to keep aging coal-fired power plants — the backbone of the country’s electricity network — running. Ramaphosa called the power crisis “an existential […]

    Florida’s Three Major Utilities Propose 10% to 20% Rate Hikes, Citing Hurricane Damage, Natural Gas Prices

    Florida’s Three Major Utilities Propose 10% to 20% Rate Hikes, Citing Hurricane Damage, Natural Gas Prices

    A combination of climate-fueled extreme weather events and a reliance on fossil fuels could raise the electricity bills of many Floridians this spring. Three of the state’s largest utilities — Florida Power & Light (FPL), Duke Energy and Tampa Electric Company (TECO) — have asked the state’s Public Service Commission (PSC) to approve rate hikes […]

    Doomsday Clock Moves to 90 Seconds Before Midnight Following ‘Russia’s Invasion of Ukraine and the Increased Risk of Nuclear Escalation’

    Doomsday Clock Moves to 90 Seconds Before Midnight Following ‘Russia’s Invasion of Ukraine and the Increased Risk of Nuclear Escalation’

    The Bulletin of Atomic Scientists set its Doomsday Clock to 90 seconds to midnight on Tuesday — the closest the metaphoric clock has ever been to the apocalyptic hour. Originally conceived as a symbolic measure of humanity’s proximity to global nuclear destruction in 1947, the Bulletin officially began including climate change in its calculations in […]

    ‘Wood Banks’ Provide Critical Heat as Gas Prices Spike

    ‘Wood Banks’ Provide Critical Heat as Gas Prices Spike

    With methane gas heating bills projected to be 28% higher than last winter, “wood banks” have become increasingly critical sources of heating fuel for people living on low- and fixed-incomes, The Guardian reports. About half of U.S. homes burn methane gas for heat, making those families especially vulnerable to price shocks driven by gas exports […]