‘This Fails’: Biden Admin’s Rules For EV Subsidies Could Be Ripe For Abuse By China
The Biden administration published guidelines meant to restrict some foreign companies from capitalizing on its climate agenda, but some stakeholders say the rules are not strict enough on China. The “foreign entity…
Global EV market growth to slow this year on lower subsidies – report
(Reuters) – Growth in the global electric-vehicle market is set to slow to 27.1% this year as a reduction in state subsidies makes the cars less appealing to buyers, according to research…
Brooklyn Woman Charged with Stealing $157,000 in Housing Subsidies
BROOKLYN, NY — The Brooklyn District Attorney’s Office, in coordination with the New York City Department of Investigation, has indicted Luzmila Corbin, 56, of Crown Heights, Brooklyn, for grand larceny involving approximately…
Biden Could Jack Up Food Prices, Wreak Environmental Havoc With ‘Sustainable’ Jet Fuel Subsidies
Biden Could Jack Up Food Prices, Wreak Environmental Havoc With ‘Sustainable’ Jet Fuel Subsidies Nick Pope on December 3, 2023 The Biden administration is set to announce regulatory guidance on subsidies for…
China’s BYD offers subsidies, discount for some models in December
BEIJING (Reuters) – China’s electric vehicle giant BYD Co Ltd on Friday announced subsidies for some models and a discount of up to 20,000 yuan ($2,803) in December for buyers who are…
Explainer-Global fossil fuel subsidies on the rise despite calls for phase-out
By Sarah McFarlane (Reuters) – World governments agreed at the COP26 climate summit in Glasgow two years ago to phase out “inefficient” fossil fuel subsidies to help fight global warming. Since then,…
German court ruling could cost Intel billions of euros in subsidies – state minister
BERLIN (Reuters) – The negative court ruling on German finances last week could cost Intel billions of euros in subsidies for planned chip-making plants in the state of Saxony-Anhalt, the state economy…
France eyes cuts to business subsidies and healthcare spending
PARIS (Reuters) – France’s government aims to rein in spending on business subsidies and medical care as part of plans to come up with 12 billion euros in savings from 2025, government…
Global EV sales stay strong, China hits record despite end of subsidies
(Reuters) – Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion. China ended an…
Murphy Tagged $1 Billion of Ratepayer Subsidies to Bailout Failed Foreign Wind Energy Corporation
NEW JERSEY – Senator Michael Testa recently addressed the withdrawal of Ørsted, a Danish wind energy company, from the Ocean Wind 1 & 2 offshore wind farm projects in New Jersey. Testa’s…
CCP-Linked Battery Maker Eligible For US Taxpayer Subsidies, Executive Says
CCP-Linked Battery Maker Eligible For US Taxpayer Subsidies, Executive Says Nick Pope on October 26, 2023 An executive of a Chinese Communist Party (CCP)-linked battery manufacturer said Wednesday that his firm is…
Japan to extend until April 2024 subsidies to curb fuel costs – stimulus package draft
TOKYO (Reuters) – Japan’s government will extend until the end of April next year subsidies aimed at curbing fuel prices, according to a draft of the government’s economic stimulus package reviewed by…
Japan’s government considering extending fuel subsidies -Kyodo
(Reuters) – Japan’s government is considering extending subsidies to curb gasoline prices beyond January next year, Kyodo news agency reported on Wednesday, a move that will likely moderate the pace of inflation…
Labor group urges Biden to ease limits on hydrogen subsidies
By Valerie Volcovici WASHINGTON (Reuters) – The union representing U.S. carpenters has asked the Biden administration to ensure hydrogen projects powered by existing nuclear power plants will be able to access lucrative…
US hopes Europe will join ‘race to top’ on green subsidies
BERLIN (Reuters) – The United States hopes Europe will take similar measures to its Inflation Reduction Act to drive a “race to the top” on support for green technologies, a senior U.S.…
It’s a bit rich of the EU to ding China over EV subsidies: Maguire
By Gavin Maguire LITTLETON, Colorado (Reuters) -EU Commission chief Ursula von der Leyen announced an anti-subsidy probe into Chinese electric vehicles (EV) on Wednesday, and declared Europe will do “whatever it takes…
Investor pressure group urges G20 to reform agricultural subsidies
By Simon Jessop LONDON (Reuters) – A group of 32 investors managing $7.3 trillion in assets have urged the G20 group of wealthier countries to align agricultural subsidies with their climate and…
DAVID BLACKMON: IRA Subsidies Are Driving Investment Decisions In A Dangerous Direction
DAVID BLACKMON: IRA Subsidies Are Driving Investment Decisions In A Dangerous Direction David Blackmon on August 13, 2023 As we pass the one-year anniversary of the enactment of the Inflation Reduction Act,…
Top Chip Manufacturer Announces Layoffs Despite Biden Admin Subsidies To The Industry
Top Chip Manufacturer Announces Layoffs Despite Biden Admin Subsidies To The Industry Will Kessler on August 3, 2023 Top semiconductor manufacturer Qualcomm announced a new round of layoffs on Wednesday, even after…
‘Gravy Train’: One US Solar Company Poised To Rake In $11 Billion In Subsidies Thanks To Dem Climate Law
‘Gravy Train’: One US Solar Company Poised To Rake In $11 Billion In Subsidies Thanks To Dem Climate Law Nick Pope on July 31, 2023 U.S.-based solar panel manufacturer First Solar may…
Major Automaker Pushes Back Electric Vehicle Production Target — Despite Biden Admin Subsidies
Major Automaker Pushes Back Electric Vehicle Production Target — Despite Biden Admin Subsidies Will Kessler on July 28, 2023 Ford Motor Co. said Thursday that it is pushing back its production target…
Foreign Companies Are Raking In Billions In Subsidies From Biden’s Signature Climate Law
Foreign Companies Are Raking In Billions In Subsidies From Biden’s Signature Climate Law Nick Pope on July 20, 2023 Foreign companies have been the biggest winners of President Joe Biden’s 2022 signature…
DAVID BLACKMON: Biden Is Spreading Around Green Subsidies Like A Vegas Gambler
DAVID BLACKMON: Biden Is Spreading Around Green Subsidies Like A Vegas Gambler David Blackmon on July 12, 2023 A pair of stories published this week help document a rising phenomenon on the…
Analysis-Caught between riots and debt crises, African countries cut fuel subsidies
By Libby George LONDON (Reuters) – Abdoulaye Diallo is paying over 50% more to fill up his “thiak-thiak” motorbike taxi in Keur Mbaye Fall, a suburb of Senegal’s capital Dakar, than he…
‘Dangerous Proposition’: Biden Admin Power Players Directing Billions In Subsidies Raises Cronyism Risk, Watchdogs Say
‘Dangerous Proposition’: Biden Admin Power Players Directing Billions In Subsidies Raises Cronyism Risk, Watchdogs Say Nick Pope on June 27, 2023 Democratic insiders within the Biden administration have been tasked with guiding…
Egypt to allocate $4.1 billion for food subsidies in 2023/24 – document
By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) – Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for…
Breaking News
