Business - Portland Press Herald

U.S. offshore wind energy industry faces blowback from locals

by WAYNE PARRY Associated Press November 15, 2022

Thousands of wind turbines have been proposed for areas along the U.S. coastline as the nation tries to meet an ambitious goal of deploying enough of them offshore by 2030 to power 10 million homes.

Business, Maine, News

Rate hike will bump up average Versant Power electric bill by $24 a month

by Edward D. Murphy November 15, 2022November 17, 2022

The standard-offer rate, the price customers pay for the supply of power, is rising 41% next year in northern and eastern Maine. A similar increase may be in store for Central Maine Power customers.

Business

U.S. offshore wind energy industry faces blowback

by WAYNE PARRY Associated Press November 15, 2022November 15, 2022

People in Ocean City, N.J., believe the farms damage the environment and they don’t have confidence in what is a brand new industry for the country.

Business, Food, Maine, News

Starbucks in Portland’s Old Port to close, a month after vote to form union

by Dennis Hoey November 15, 2022November 16, 2022

Starbucks says the owner of the building where it leases space at 176 Middle St. said it had to vacate the premises while the building undergoes renovations.

Business, Nation & World

Biden weighs U.S. fuel-export limits as Northeast’s diesel stocks dry up

by Jennifer A. Dlouhy Bloomberg November 15, 2022November 15, 2022

In New England, fuel stockpiles are less than a third of typical levels.

Business, Nation & World, News

Walmart offers to pay $3.1 billion to settle opioid lawsuits

by GEOFF MULVIHILL Associated Press November 15, 2022November 15, 2022

Though it hasn’t admitted liability, the company released a statement saying the money will ‘provide significant aid to communities across the country.’

Business, Nation & World, News

Biden, Zelensky push G-20 to hold tough on Russia, condemn Ukraine war

by SEUNG MIN KIM, ZEKE MILLER and ELAINE KURTENBACH Associated Press November 15, 2022November 15, 2022

A draft declaration by leaders of the Group of 20 major economies under discussion Tuesday echoes the condemnation of Russia’s war on Ukraine by the United Nations, while acknowledging differing views among members.

Business, Nation & World, News

Jeff Bezos says he will give away most of his fortune during his lifetime

by Associated Press November 14, 2022November 14, 2022

The Amazon founder had been criticized in the past for not signing the Giving Pledge, the campaign launched by Bill Gates and others to encourage billionaires to donate the majority of their wealth through philanthropy.