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Semafor Net Zero

Wind giant Ørsted sues White House

The project would have powered 350,000 homes in Rhode Island and Connecticut.
Orsted’s offshore wind farm near Nysted, Denmark.Orsted’s offshore wind farm near Nysted, Denmark. Tom Little/Reuters.

More companies put their own price on carbon emissions

Some 1,753 companies globally report using an internal carbon price, according to a report published today.
The Belchatow Power Station, Europe’s largest coal-fired power station.Dominika Zarzycka/NurPhoto via Getty Images

Court backs EPA’s termination of billions in clean energy grants

The US federal appeals court sided with the Trump administration in its move to cancel $20 billion in climate grants awarded under President Joe Biden.
Environmental Protection Agency (EPA) Administrator Lee Zeldin.Raquel Cunha/Reuters

Russia-China gas deal will have global ripple effects

The agreement isn’t just another trade deal: It’s a geopolitical chess move that may leave China the biggest beneficiary of the Ukraine war.
Russian President Vladimir Putin and Chinese President Xi Jinping.Russian President Vladimir Putin and Chinese President Xi Jinping. Sputnik/Alexander Kazakov/Pool via Reuters.

Big Oil makes sweeping job cuts as prices slide

Renewed federal support for drilling in the US, combined with languid global oil demand and increased drilling by OPEC countries, has pushed oil prices to their lowest level since the pandemic.
A screen displays the logo for ConocoPhillipsBrendan McDermid/File Photo/Reuters

Trump family’s wealth grows by $5 billion after crypto launch

The WLFI can now be bought and sold on the open market, and is likely the Trumps’ most valuable asset.
Donald Trump holds the signed act that establishes a regulatory framework for stablecoin cryptocurrencies.Donald Trump holds the signed act that establishes a regulatory framework for stablecoin cryptocurrencies. Annabelle Gordon/File Photo/Reuters

Europe debates restoring wetlands for defense

Countries bordering Russia are discussing ambitious wetland restoration projects with a double purpose: To trap CO₂, while also bogging down tanks.

US EV shoppers get deadline extension for tax credits

The $7,500 retail EV tax credit will expire at the end of September.

Trump’s attacks on wind energy intensify

The Transportation Department said it would withdraw $679 million in funding for offshore wind projects.

FEMA suspends employees who criticized Trump

36 FEMA employees were suspended within 24 hours of sending a letter to Congress warning about President Donald Trump’s plans to overhaul the agency.

US power companies consider AI for grid security

Energy firms had until recently been unwilling to even countenance using the technology in the operations of their production or delivery sites.

Exxon holds secret talks with Russia’s state-owned oil company

Exxon took a $4 billion loss on its investment in the Sakhalin project when it left Russia in 2022 following the invasion of Ukraine.

Ukraine, Russia shift energy war tactics

In prior years, Russia focused on hitting Ukrainian power plants, whereas Kyiv focused on keeping them up as its Western backers hit Moscow with sanctions.

Wall Street’s climate coalition suspends activities

Most of the group’s biggest members had already bailed.

Southeast Asia’s foray into nuclear power is a climate win with political risks

Countries like Indonesia and Malaysia need to choose their nuclear power alliances carefully.

Shares of wind farm developer Ørsted hit a record low

The drop in shares came as the Trump administration blocked a nearly-completed project off the New England coast.

African solar panel imports from China hit record high

The last 12 months saw a 60% spike in imports across the continent, according to a new analysis from the research group Ember.

Global investments in renewable energy reach half-year record

In the US, however, investments fell 36% compared to the second half of 2024 as the Trump administration raised numerous new barriers to construction.