The bill’s pillar is about $375 billion over 10 years to encourage industry and consumers to shift from carbon-emitting to cleaner forms of energy, hailed by experts as Congress’ biggest climate investment ever.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Ship heads to Ukraine to get grain for food-starved Africa
For months, fighting and a Russian blockade meant grain produced in Ukraine, known as the world’s breadbasket, piled up in silos, sending food prices sky-high and leading to hunger in Africa, the Middle East and parts of Asia.
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Posted inBusiness, Food, Maine
Maine brewers adjust to CO2 shortage but are concerned as problem worsens
Supply-chain issues have further driven up the price of carbon dioxide, which is used in several aspects of brewing.
Posted inBusiness, Nation & World, News
New Zealand welcomes back first cruise ship since COVID hit
New Zealand closed its borders in early 2020 as it sought at first to eliminate COVID-19 entirely and then later to control its spread.
Posted inBusiness, Maine
Maine’s gas prices fall, but remain higher than national average
There is no clear reason why Maine’s average price is about 40 cents higher than the national average of $3.99, but several industry experts said the Northeast generally has higher gas prices than the rest of the nation.
Posted inBusiness, Nation & World
Stocks close mixed after new signs of cooling inflation
An afternoon pullback left stock indexes on Wall Street mixed, erasing most of their morning gains following another encouraging report about inflation.
Posted inBusiness, Maine
State officials to oppose Central Maine Power rate hike
The Governor’s Energy Office filed Thursday for intervenor status to oppose the increase, which would add about $10 a month to an average customer’s bill.
Posted inBusiness, Maine, News
He is not old enough to sign for packages, but Oakland boy has launched own business
Parker Redlevske is a 14-year-old with an aptitude for technology who raised $15,000 to open a technology repair franchise in Waterville.
Posted inBusiness, Nation & World, News
McDonald’s to reopen in Ukraine to create a small sense of ‘normalcy’
It’s unclear how many restaurants will reopen and how many employees will go back to work.
Posted inBusiness, Nation & World, Politics
Big climate bill will spend green bucks to spur green energy
The crux of the long-delayed bill is to use incentives to spur investors to accelerate the expansion of clean energy such as wind and solar power, speeding the transition away from the oil, coal and gas that largely cause climate change.