Exelon seeks carbon output cuts
NEW YORK, NEW YORK - Exelon Corp, the largest U.S. nuclear power operator, said it would seek to slash carbon output from its own operations and those of its customers by 15 million metric tons per year by 2020.
The plan seeks to reduce or offset emissions of the carbon dioxide gas blamed for contributing to global warming by the equivalent of removing 3 million cars from the roads, the company said.
Nuclear power plant operators have long supported efforts to trim carbon dioxide emissions because their power plants emit virtually none of the greenhouse gas, in contrast to coal-fired power plants which are among the nation's top emitters of carbon.
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Oil crash only a foretaste of what awaits energy industry
LONDON - The oil-price crash of March 2020 will probably not last long. As in 2014, when the oil price dropped below $50 from $110 in a few weeks, this one will trigger a temporary collapse of the US shale industry. Unless the coronavirus outbreak causes Armageddon, cheap oil will also support policymakers’ efforts to help the global economy.
But there will be at least one important and lasting difference this time round — and it has major market and geopolitical implications.
The oil price crash is a foretaste of where the whole energy sector was going anyway — and that is…
