Obama awards $2.3B in clean energy credits
It said in a statement the credit, from funds earmarked under an emergency $787 billion stimulus package Obama signed in February 2009, would create 17,000 new U.S. jobs and would be matched by an additional $5 billion in private capital.
High unemployment is one Obama's most pressing domestic challenges and a monthly payroll report released earlier served a reminder that labor market conditions are still grim. U.S. unemployment remained stuck at 10 percent in December, while businesses unexpectedly shed 85,000 jobs.
"The Recovery Act awards I am announcing will help close the clean energy gap that has grown between America and other nations while creating good jobs, reducing our carbon emissions and increasing our energy security," Obama said.
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N.B. Power hits pause on large new electricity customers during crypto review
FREDERICTON - N.B. Power says a freeze on servicing new, large-scale industrial customers in the province remains in place over concerns that the cryptocurrency sector's heavy electricity use could be more than the utility can handle.
The Higgs government quietly endorsed the moratorium in a cabinet order in March 2022 and ordered a review of how the sector might affect the reliable electricity supply.
The cabinet order, filed with the Energy and Utilities Board, said N.B. Power had "policy, technical and operational concerns about [its] capacity to service the anticipated additional load demand" from crypto mines.
It said the utility had received "several…
