Wholesale inflation in June surged 11.3% from a year ago
Last month’s jump in wholesale inflation was led by energy prices, which soared 54% from a year earlier.
Energy & Environment
Articles
Higher gas prices hurt pockets, make tiny dent in emissions
High gasoline prices are a “double-edged sword” for the president because they hurt him politically even though they lead to fewer trips to the gas pump and lower emissions.
Fishers-based ‘blank check’ company finds acquisition target
Fishers-based American Acquisition Opportunity Inc. says it has entered into a merger agreement with Royalty Management Corp. in an all-stock deal that values Royalty Management at $111 million. The merger will create a new Fisher-based public company.
Jim Merritt: Environmental policy that gives Indiana manufacturing a leg up
A border carbon adjustment would penalize imports from countries with lower environmental standards (e.g. China, Russia and India) by charging a fee at the border on the carbon emissions used to manufacture their high-polluting products.
Supreme Court decision might slow transition to cleaner energy
The Supreme Court ruling limiting the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants could have far-reaching consequences for the energy sector.
Supreme Court limits EPA in curbing power plant emissions
By a 6-3 vote, with conservatives in the majority, the court said that the Clean Air Act does not give the Environmental Protection Agency broad authority to regulate greenhouse gas emissions from power plants that contribute to global warming.
Biden administration holding its first onshore oil sales
President Joe Biden suspended new leasing just a week after taking office in January 2021. A federal judge in Louisiana ordered the sales to resume.
From carp to copi: Unpopular fish getting a makeover
If “invasive carp” doesn’t sound appetizing, how about a plate of copi? The state of Illinois is unveiling a market-tested rebranding campaign to make the fish appealing to consumers.
UPDATE: Biden calls for 3-month suspension of gasoline, diesel taxes
President Joe Biden’s push faces uphill odds in Congress, where many lawmakers, including some in his own party, have expressed reservations. Even many economists view the idea of a gas tax holiday with skepticism.
Oil refineries are making a fortune, but that’s not stopping them from closing
A White House desperate to bring down gas prices is having little success persuading refinery owners to expand operations, and more closures are imminent.
AES Indiana electricity customers could see 19% price hikes this fall
AES Indiana, formerly known as Indianapolis Power & Light Co., is asking state regulators for permission to increase prices under a mechanism that allows it to adjust prices based on fluctuations in the cost of fuel.
Indiana gas tax set to increase while state eyes inflation relief
Indiana residents will soon pay 62 cents per gallon in taxes on gasoline, the state Department of Revenue announced Monday.
High gasoline prices crimping drivers’ spending at the pump
The slowdown in demand threatens a wide range of businesses that rely on a summer pickup in activity as Americans vacation, take road trips and just generally hit the road in bigger numbers for a wide range of activities.
Biden tells oil refiners to produce more gas, take fewer profits
The American Petroleum Institute, which represents the industry, said in a statement that capacity has been diminished as the Biden administration has sought to move away from fossil fuels as part of its climate change agenda.
EPA: ‘Forever chemicals’ pose risk even at very low levels
The Environmental Protection Agency is warning that two nonstick and stain-resistant compounds found in drinking water pose health risks even at levels so low they cannot currently be detected.
Several factors converging to push gasoline prices higher
There is little evidence that gasoline prices, which hit a record national average of $5 a gallon on Saturday, will drop anytime soon.
Corporate pursuit of carbon neutrality opens opportunities for city programs
As the city of Indianapolis considers selling carbon credits to invest in carbon-reducing forestry projects, it may be able to turn some sizable local companies into customers.
Sarah Steinberg: IURC should say no to Duke’s planned gas-fired plants
Not only would these billion-dollar investments raise Hoosiers’ electricity bills for decades, but they would also keep Hoosiers exposed to the whims of a volatile global market.
Indianapolis-based tech firm Encamp lands $30M investment
Encamp’s software helps its customers fulfill environmental reporting and compliance issues. The company has attracted $47.2 million in investment since its launch in 2017.
U.S. solar companies weigh challenge to Biden’s pause on tariffs
Some domestic producers say President Biden’s actions would help China’s state-subsidized solar companies at the expense of U.S. manufacturers.