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The massive U.S. tax and budget bill being finalized by Congress cannot pass a provision that automatically enables offshore oil and gas projects to skip over the federal environmental review process unless it gets at least 60 Senate votes, the body's parliamentarian said on Monday. This is among the latest provisions that have been struck by Senate parliamentarian Elizabeth MacDonough, whose role is to ensure that lawmakers follow proper legislative procedure, such as requiring 60 out of 100 [Read more]

Iranian President Masoud Pezeshkian said on Tuesday that Tehran would not violate the ceasefire deal unless Israel does, Iran's state-run Nournews said. U.S. President Donald Trump earlier announced that the ceasefire deal had been reached between Israel and Iran. Tehran is prepared to talk and defend the rights of the Iranian people at the negotiating table, Nournews cited Pezeshkian as saying. (Writing by Jaidaa Taha; Editing by Alison Williams) [Read more]

Financial markets have consistently overestimated the Federal Reserve's readiness to cut interest rates in recent years. But the latest Fed chatter, softening economic data and a dramatic reversal in oil prices suggest they could be right this time. The central bank last week appeared to pour ice cold water on traders' hopes for a dovish steer. In the Fed's summary of economic projections, officials maintained their median 'dot plot' projection of two 25 basis point rate cuts this year. But it [Read more]

As developing new data centers to power artificial intelligence (AI) becomes critically important, opportunity arises for industries to collaborate to support evolving infrastructure demands NEW YORK, June 24, 2025 /PRNewswire/ -- Key takeaways Significant growth in AI is spurring unprecedented demand for new AI data centers. Power demand from AI data centers could grow more than thirtyfold by 2035. AI's exponential growth should include collaboration from energy, power, [Read more]

OTTAWA - A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. The review was first launched in 2018 as part of a G20 commitment to eliminate all "inefficient" subsides to the fossil fuel sector. It was only supposed to take about two years to complete. But it was clear as early as 2019 that it would be behind schedule and it now [Read more]