Category Business

Biden admin decides Alaska oil projects aren’t bad

The Biden administration released a long-awaited study Wednesday that recommends allowing major oil development on Alaska’s North Slope that supporters say could improve U.S. energy security, but climate activists call it a “carbon bomb.” The move — though not the…

Oil giant reports record annual profits

Shell said last month that a wind tax imposed by the European Union and the United Kingdom following a surge in profits would cost the group about $2 billion. Paul Ellis Afp | Getty Images British oil giant Shell on…