Economy & Business

"Plunging sales could force factories to close and lead to takeovers and mergers, but also bolster sales of electric cars."

"At least two oil and gas firms that boosted investors' portfolios by buying back stock in 2019 received $15.5 million this year from a program designed to rescue small businesses gutted by the coronavirus pandemic."

"Bleak crude prices and fuel demand forecasts won’t blunt oil company bidding for Arctic drilling rights, Interior Secretary David Bernhardt said Monday"

"Five years ago, members of the Rockefeller family walked away from the fossil fuels that made them rich, alarmed that burning oil and gas was causing climate change. Now it also seems like a smart financial move. The $1.1 billion Rockefeller Brothers Fund — largely free of oil and gas — has outpaced financial benchmarks, defying predictions of money managers."

"The Trump administration on Thursday agreed to change rules governing key renewable energy tax credits, a win for wind farm owners seeking more time to claim the subsidies because new projects have been stalled by the global coronavirus pandemic."

"The coronavirus pandemic is endangering a $900 million program that underpins Ohio Gov. Mike DeWine’s long-term strategy for shrinking the annual massive toxic algae blooms in Lake Erie’s western basin."

"North Dakota's Coal Creek Station, a workhorse of the Upper Midwest power fleet, will burn its final ton of lignite in a couple of years following a decision announced yesterday that underscores the industry's struggle to survive."

"Southern California Edison plans to build seven storage projects on a fast timetable despite the economic disruption of the coronavirus."

"The Trump administration shelved a document created by the nation’s top disease investigators with step-by-step advice to local authorities on how and when to reopen restaurants and other public places during the still-raging coronavirus outbreak."