A case in point: When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
QUITO, Ecuador—When Rafael Correa entered Ecuador’s presidency in 2007, the nation faced an opportunity and a challenge. Ecuador’s economy depended on oil, and global crude prices were near a record high. Much of the oil was extracted by foreign companies, however, so as prices surged more wealth began flowing overseas.
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NextEra’s blockbuster deal with Dominion means the largest electricity company stands to benefit even more from AI growth. But what does it mean for ratepayers?
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A proposed rule would give auto manufacturers until 2029 to meet smog and particulate matter emissions standards while the agency reconsiders the requirements altogether.
After eliminating the electric vehicle tax credit, rolling back fuel economy standards and blocking California’s stringent vehicle emissions rules, the Trump administration is now citing slowed electric vehicle growth as its rationale for loosening automobile air pollution standards.
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A new World Meteorological Organization report estimated 13,000 annual heat-related deaths across 17 countries in the region.
If the 2025 climate year in Latin America and the Caribbean showed anything, it was that floodwaters can’t erase long-term drought, that temperatures will continue to soar past livable limits and that once-unprecedented storms are part of the region’s new climate reality.
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