Connect with us

Science & Environment

Sewage illegally dumped into Windermere repeatedly over 3 years, BBC finds

Published

on

Sewage illegally dumped into Windermere repeatedly over 3 years, BBC finds


Getty Images An aerial view of Windermere, showing boats on the lake and clouds reflected in the still watersGetty Images

A water company repeatedly dumped millions of litres of raw sewage illegally into one of England’s most famous lakes over a three-year period, the BBC can reveal.

More than 140 million litres of waste were pumped into Windermere between 2021 and 2023 at times when it was not permitted, our analysis shows, and United Utilities failed to report most of it.

It means the company’s illegal dumping of sewage into the lake went on for far longer, and was far more extensive, than was previously known.

United Utilities said some of its sewage releases into Windermere were “potentially non-compliant” but that it self-reports “over 94% of potential pollution incidents to the Environment Agency”.

Advertisement

Matt Staniek, a campaigner against sewage pollution and founder of Save Windermere, said Windermere was “the jewel in the crown of the Lake District National Park, and it’s being used as an open sewer”.

It is sometimes necessary to release sewage into rivers and lakes to stop the wastewater system from being overwhelmed by heavy rain, but this pollution can damage the environment, causing harmful algal blooms and even killing fish.

In January this year – after BBC Panorama revealed the company had downplayed the severity of dozens of pollution incidents, some involving Windermere – United Utilities retrospectively reported some discharges into the lake from October 2023 onwards.

But since then the BBC has obtained United Utilities operations data going back to January 2021 which shows that illegal discharges had been taking place for more than three years, far longer than the discharges in the four months the company retrospectively reported.

Advertisement

The data involved Glebe Road pumping station in Bowness-on-Windermere, the only site which discharges directly into the lake, which is designed to pump wastewater from the local area to the nearby sewage works for treatment.

Save Windermere An aerial shot of a jetty in Windermere, with a small dinghy rowing through the water, which is bright green from the build-up of algaeSave Windermere

People have been told to stay out of the water and to keep pets away during algal blooms, like this one on Windermere in 2022

It is authorised by the Environment Agency to release raw sewage into the lake in certain circumstances during wet weather, as long as it is pumping at least 245 litres of sewage a second to the treatment works.

That condition, written in the site’s environmental permit, is supposed to protect Windermere and ensure that, even in wet weather, most sewage is sent for treatment. Failing to comply with the permit is a criminal offence.

The BBC analysed data detailing the flow of sewage through the station and the times when waste had been dumped into the lake. We found the station had failed to comply with the permit by discharging sewage into the lake at times when it had not been pumping the required amount for treatment.

Advertisement

As a result, sewage which should have been sent for treatment was dumped into the lake.

An underwater image of a sewage discharge pipe in Windermere

The sewage was pumped through an underwater pipe into the middle of the lake

Permit breaches should be reported to the Environment Agency, but United Utilities failed to do this for most of the discharges identified by the BBC between the start of 2021 and the end of 2023.

In those three years, we found that United Utilities illegally pumped sewage into Windermere for 165 hours, of which at least 118 hours was not reported to the environmental regulator.

We were able to calculate the volume of the sewage released because it was dumped into the lake using either one or two dedicated pumps, each of which operates at 240 litres per second.

Advertisement

This means that between 143 million and 286 million litres was illegally dumped in the lake, depending how often both pumps were operating.

United Utilities failed to report at least 102 million litres of that pollution.

Getty Images An aerial view of Windermere treatment plant, located next to the lake, showing the large circular settlement tanksGetty Images

Most sewage from the area should be sent to Windermere treatment plant

The water company declined to provide the BBC with the data showing exactly when each of the pumps into the lake was operating, claiming this data is classed as “internal communications”, which did not have to be disclosed under environmental information regulations.

Mr Staniek, the anti-sewage campaigner, said the failure to report the illegal dumping was “totally and utterly outrageous”, adding that: “Windermere is so culturally significant to the entire nation this isn’t just about a local issue.”

Advertisement

He said: “Part of the permit is to ensure that they are complying and that they’re analysing the data so they’re either incompetent or they knew about this and they profited from it and it’s Windermere that suffered. And I think it’s the latter.

‘Under-resourced and incompetent’

United Utilities insiders told the BBC the company would have known that it was illegally discharging sewage because alarms and internal reports alert staff when treatment works or pumping stations are failing to comply with their discharge permits.

“We would have been aware of the issue – it would have flagged up on flow and spill reports. I’m not surprised we haven’t reported it,” one said.

Advertisement

“We work on a risk management basis and we’ll have judged the risk of the EA finding out and understanding the permit breach would be minimal as they are under-resourced and incompetent.”

United Utilities told us it is committed “to being fully transparent” with the Environment Agency.

A spokesperson said as part of ongoing work to reduce spills in 2024 the company discovered a “technical issue in the configuration of the Windermere system” which meant that some of the discharges from the Glebe Road pumping station were “potentially non-compliant”.

The company has “implemented system changes to prevent a reoccurrence”, the spokesperson said.

Advertisement
Matt Staniek, wearing a black T-shirt featuring the Save Windermere logo of an O resembling a sewage pipe with a green line slashed across it, pictured by the side of the lake

Campaigner Matt Staniek said the water company was “incompetent” if it did not know the sewage discharges were occurring

United Utilities also said it is starting construction on additional storage and treatment facilities around Windermere, to reduce sewage discharges.

Water companies are judged on the number of pollution incidents they cause each year by the water industry regulator Ofwat and financially rewarded or penalised on their performance.

Environment Agency guidance about calculating the number of illegal discharges during repeated incidents is not clear. So the BBC has treated all illegal discharges within 24 hours of each other as just one “minor” incident, with subsequent incidents only being recorded after a 24-hour period with no illegal dumping.

Using this method, we calculated that illegal discharges we identified could account for 24 extra pollution incidents.

Advertisement

That would mean if the incidents identified by the BBC had been officially reported, it would have cost the company just over £2.5m.

‘Furious and sickened’

United Utilities told the BBC that any potentially non-compliant discharges were reported to the Environment Agency “as soon as we became aware of them”.

Therefore, the company said, it did not benefit from any unjust rewards from Ofwat.

Advertisement

United Utilities only finally reported most of the other discharges earlier this month, after being approached by the BBC and following a request from the Environment Agency.

The company did not answer the BBC’s questions about why it had failed to identify and report those discharges at the time they occurred.

Ofwat told the BBC: “The allegations made against United Utilities in terms of environmental failures and under-reporting of pollution incidents are very serious and where evidence supports further action, we will not hesitate to use all the powers at our disposal.”

The water regulator told the BBC if a water company is found in breach of its obligations, any unjust rewards can be clawed back later through lower bills.

Advertisement

It is not the first time that United Utilities’ pumping station on the edge of Windermere has come under scrutiny.

Earlier this year BBC News reported millions of litres being illegally discharged in one night due to a communications fault and last year BBC Panorama revealed how both United Utilities and the Environment Agency had been downgrading significant pollution incidents to “no impact”.

The Environment Agency said in a statement it had launched a “complex and ongoing” investigation into the sewage discharges from October 2023 onwards that were retrospectively reported by United Utilities, and it was examining further evidence received from the company.

“If any water company is found to be in breach of an environmental permit, the Environment Agency will take the appropriate enforcement action, up to and including a criminal prosecution,” the agency said.

Advertisement

However, the BBC has learned that in the first eight months of the investigation the agency failed to obtain the crucial operational data needed to uncover illegal pollution in 2023 – data which was obtained and analysed by the BBC.

The Environment Agency has now confirmed it has this data. Told about the BBC’s analysis showing that the illegal pollution appears to have occurred for more than two years before the period being investigated, the agency said it will now review the evidence and scope of the criminal investigation.

During the election campaign, the now Prime Minister Sir Keir Starmer said he was “furious and sickened” to hear the BBC’s earlier revelations about sewage pumped illegally into Windermere and promised “severe and automatic fines that no water companies can ignore”.

Environment Secretary Steve Reed said it was “disgusting that somewhere as beautiful as Lake Windermere is swilling with raw sewage” but said the government is already taking action, introducing legislation to ban polluting bosses from receiving bonuses or even send them to prison.

Advertisement

United Utilities was recently given permission by Ofwat to raise bills to claim an extra £33.2m in profit as a reward for its 2023 performance, while the Environment Agency awarded the company the top 4* environmental rating earlier this year.



Source link

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Science & Environment

White blobs washing up on Newfoundland beaches stump experts and worry resident beachcombers

Published

on

White blobs washing up on Newfoundland beaches stump experts and worry resident beachcombers


Toronto — Beaches across Canada’s far northeast Newfoundland and Labrador province have increasingly been littered with mysterious white blobs. Their appearance has so far befuddled scientists, and led Canadian officials in the region to launch an investigation.

Beachgoers first noticed the unusual blobs on the shores of Newfoundland and Labrador in September. People quickly started sharing photos of the gelatinous clumps on a Facebook group with more than 40,000 members that is dedicated to exploring the region’s coastal areas.

“Anyone know what these blobs are. They are like touton dough and all over the beach,” wrote Philip Grace on the Beachcombers Facebook group, comparing the finds to a regional dish. “These were in sizes ranging from dinner plate size right down to a toonie [Canadian 2-dollar coin].”

Advertisement

Some people speculated online that the mystery blobs could be the result of ships dumping substances into the ocean. Others suggested they could be whale sperm, whale vomit or even ambergris, a byproduct of sperm whales that’s valued for its use in perfumes and other products. 

mysterysubstancenl-crediteccc.jpg
Mysterious white blobs have been reported on Canada’s Newfoundland beaches.

Environment and Climate Change Canada


But the experts weren’t to be dragged into the speculation.

Advertisement

Environment and Climate Change Canada, the government agency responsible for investigating the mystery, simply referred to the blobs as “a mystery substance” when asked by CBS News on Tuesday.

Newfoundland resident David McGrath told The Guardian newspaper that he’d seen hundreds of the items scattered across his local beaches.

“They looked just like a pancake before you flip it over, when it has those dimpled little bubbles. I poked a couple with a stick and they were spongy and firm inside,” he told the newspaper. “I’ve lived here for 67 years, and I’ve never seen anything like this. Never.”

closeup-msterysubstancenl-crediteccc-1.jpg
A closeup of the mysterious white blobs that have been washing up on Canadian beaches.

Advertisement

Environment and Climate Change Canada


“They sent the Coast Guard over and I asked them how bad it was. They told me they had 28 miles of coastline littered with this stuff and had no idea what it was,” McGrath said. “Is it toxic? It is safe for people to touch?” 

Samantha Bayard, a spokesperson for Environment and Climate Change Canada, told CBS News the agency was first informed about the “mystery substance” on beaches on Sept. 7. Environmental emergency officers visited sites at least three times to assess the situation and collect samples.

“To date, ECCC has conducted several aerial, underwater and manual surveys of the beaches and shorelines in the area to determine the extent of the substance, what it is and its potential source,” she said. “At this time, neither the substance nor its source has been identified.”

Advertisement

Bayard said a preliminary laboratory analysis by the agency suggested the material “could be plant-based,” but stressed that additional analysis was required “before a final determination can be made on the substance and its potential impacts.”

Stan Tobin, a local environmentalist, told CBS News’ partner network BBC News that he’d found “hundreds and hundreds of blobs — big blobs, little blobs.”

“Somebody or somebodies know where this came from and how it got there, and knows damn well it’s not supposed to be here,” Tobin told the BBC.

Bayard said the ECCC was committed to addressing pollution incidents and environmental threats with urgency.

Advertisement

“If enforcement officers find evidence of a possible violation of federal environmental legislation, they will take appropriate action in accordance with the applicable Compliance and Enforcement Policy,” she told CBS News.



Source link

Continue Reading

Science & Environment

Bitcoin hits highest level since July, boosting crypto-related stocks

Published

on

Bitcoin hits highest level since July, boosting crypto-related stocks


Avishek Das | Lightrocket | Getty Images

The price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector.

Advertisement

Bitcoin is up more than 9% over the last week and ether is up about 7%. Other popular coins have also rallied, with solana up close to 10% in the past seven days and and dogecoin up 15%.

The gains have made their way to crypto-pegged stocks. Digital asset exchange Coinbase climbed almost 7% on Wednesday, bringing its three-day rally to 19%. The stock is at its highest since August.

Bitcoin miners Marathon Digital and Riot Platforms also moved higher on Wednesday.

Stock Chart IconStock chart icon
Advertisement
hide content

Bitcoin and Coinbase move higher in the last week.

One reason for bitcoin’s 53% gain so far this year is a host of new spot bitcoin exchange-traded funds that hit the market in January, welcoming in a host of new investors. Ether ETFs followed in July.

Samara Cohen, chief investment officer of ETF and index investments at BlackRock, told CNBC recently that 80% of buyers of its iShares Bitcoin Trust (IBIT) are direct investors. Of those, 75% have never owned a BlackRock ETF, she said.

“We went into this journey with the expectation that we needed to educate ETF investors on crypto and on bitcoin specifically,” Cohen said. “As it turns out, we have done a lot of education of crypto investors on the benefits of the ETP wrapper.”

Advertisement

WATCH: Trump’s coin sale misses targets

Trump’s coin sale misses targets as crypto project’s website crashes



Source link

Continue Reading

Science & Environment

Trump-backed crypto token sale raises less than $12 million

Published

on

Trump-backed crypto token sale raises less than $12 million


Trump’s coin sale misses targets as crypto project’s website crashes

It’s been just over twenty-four hours since the launch of the Donald Trump-endorsed digital coin “WLFI,” and the token is failing to deliver on the ambitious fundraising goals set by its founding team.

World Liberty Financial — which bills itself as a crypto bank where customers will be encouraged to borrow, lend and invest in digital coins — began its token sale on Tuesday morning. On Monday, project co-founder Zachary Folkman bragged in a pre-launch stream on X that “well over 100,000 people” were whitelisted to invest.

“We knew that this project was highly anticipated. We knew that there was a lot of excitement in the marketplace,” said Folkman to the 12,000 people tuning into the event on X. “However, these numbers are just, in my opinion, unheard of, and I think we’re setting all sorts of new records in crypto.”

Advertisement

But blockchain data tracked by Etherscan shows that about 9,050 unique wallet addresses hold the token as of Wednesday morning, representing roughly 9% of the total number of people who registered.

Trump pumped the coin in a video post on X on Tuesday evening, promoting the World Liberty website and telling his followers that the token sale was live and that “crypto is the future.”

In a roadmap given to prospective investors first viewed by The Block, the WLF proposal says the coin is looking to raise $300 million at a $1.5 billion valuation in its initial sale. The platform says, so far, it has sold more than 788 million tokens at $0.015 per token.

That is less than 4% of the 20 billion tokens made available for public sale and amounts to around $11.8 million, still well off the $300 million fundraising target.

Advertisement

WLF did not respond to CNBC’s request for comment.

Trump-backed crypto token launches, but questions around its utility remain: CNBC Crypto World

Part of the problem was that the project website, the exclusive marketplace for the new coin, suffered regular, lengthy outages frequently showing a page saying, “We are under maintenance.”

But there are other roadblocks that may have impacted the coin’s debut. WLFI is a Regulation D token offering, which means retail investors have largely been cut out of the process.

This provision makes it possible to raise capital without first registering a security with the U.S. Securities and Exchange Commission, but certain conditions must be met, such as limiting the size of the sale and restricting it to accredited investors, defined in part as having a net worth of more than $1 million. While the offering is one way to reduce legal exposure, it cuts down on the size of the potential investor pool. 

The World Liberty team has also been specific in calling WLFI a governance token that allows holders to vote on decisions regarding the protocol, but would not signify equity in the venture itself.

Advertisement

As of now, however, there’s nothing for WLFI token holders to vote on since the crypto bank connected to the digital coin doesn’t yet exist.

Last week, WLF began the crypto bank approval process with Aave, one of the longest-running and most-trusted crypto lending platforms.

World Liberty has not released an official white paper or formal business plan to the public. A 400-word proposal posted to Aave’s governance forum, which is used to discuss and vote on proposed projects such as WLF, is nearly all that’s been disclosed.

Coin holders get a sort of I-O-U until the platform is approved and goes live. In the meantime, investment in the coin goes to the platform’s treasury.

Advertisement

WLF’s website adds in the fine print that Trump and his family members may receive tokens from World Liberty Financial and that they areentitled to receive significant fees for services provided to World Liberty Financial, which amount cannot yet be determined.”

Trump's token launch misses early targets



Source link

Continue Reading

Science & Environment

New skin research could help slow signs of ageing

Published

on

New skin research could help slow signs of ageing


Getty Images Close of elderly woman's faceGetty Images

By understanding how skin develops researchers hope to slow the signs of aging

Researchers have made a scientific discovery that in time could be used to slow the signs of ageing.

A team has discovered how the human body creates skin from a stem cell, and even reproduced small amounts of skin in a lab.

The research is part of a study to understand how every part of the human body is created, one cell at a time.

Advertisement

As well as combatting ageing, the findings could also be used to produce artificial skin for transplantation and prevent scarring.

The Human Cell Atlas project is one of the most ambitious research programmes in biology.

One of the project’s leaders, Prof Muzlifah Haniffa, said it would help scientists treat diseases more effectively, but also find new ways of keeping us healthier for longer, and perhaps even keep us younger-looking.

“If we can manipulate the skin and prevent ageing we will have fewer wrinkles,” said Prof Haniffa of the Wellcome Sanger Institute.

Advertisement

“If we can understand how cells change from their initial development to ageing in adulthood you can then try and say, ‘How do I rejuvenate organs, make the heart younger, how do I make the skin younger?’”

That vision is some way off but researchers are making progress, most recently in their understanding of how skin cells develop in the foetus during the early development stage of human life.

When an egg is first fertilised human cells are all the same. But after three weeks, specific genes inside these so-called “stem cells” switch on, passing along instructions on how to specialise and clump together to form the various bits of the body.

Advertisement

Researchers have identified which genes are turned on at what times and in which locations to form the body’s largest organ, skin.

Under the microscope and treated with chemicals they look like tiny fairy lights.

Genes that turn orange form the skin’s surface. Others in yellow determine its colour and there are many others which form the other structures that grow hair, enable us to sweat and protect us from the outside world.

Alain Chédotal and Raphaël Blain, Inserm A developing human foot. Dots of different colours are genes building bone, muscle and cartilageAlain Chédotal and Raphaël Blain, Inserm

A developing human foot, on which dots of different colours are genes building bone, muscle and cartilage

The researchers have essentially obtained the instruction set to create human skin and published them in the journal Nature. Being able to read these instructions opens up exciting possibilities.

Advertisement

Scientists already know, for example, that foetal skin heals with no scarring.

The new instruction set contains details of how this happens, and one research area could be to see if this could be replicated in adult skin, possibly for use in surgical procedures.

In one major development, scientists discovered that immune cells played a critical role in the formation of blood vessels in the skin, and then were able to mimic the relevant instructions in a lab.

They used chemicals to turn genes on and off at the right time and in the right places to grow skin artificially from stem cells.

Advertisement

So far, they have grown tiny blobs of skin, out of which have sprouted little hairs.

BBC News A tiny blob of artifically grown skin, illuminated in greenBBC News

Green light is used to illuminate a tiny blob of skin grown in a lab. The finger points to hair follicles

According to Prof Haniffa, the eventual aim is to perfect the technique.

“If you know how to build human skin, we can use that for burns patients and that can be a way of transplanting tissue,” she said.

“Another example is that if you can build hair follicles, we can actually create hair growth for bald people.”

Advertisement

The skin in the dish can also be used to understand how inherited skin diseases develop and test out potential new treatments.

Megumi Inoue Alain Chédotal Institut de la Vision A Human Cell Atlas image of the developing lung, illuminated in orange, purple and greenMegumi Inoue Alain Chédotal Institut de la Vision

A Human Cell Atlas image of the developing lung

Instructions for turning genes on and off are sent all across the developing embryo and continue after birth into adulthood to develop all our different organs and tissues.

The Human Cell Atlas project has analysed 100 million cells from different parts of the body in the eight years it has been in operation. It has produced draft atlases of the brain and lung and researchers are working on the kidney, liver and heart.

The next phase is to put the individual atlases together, according to Prof Sarah Teichmann of Cambridge University, who is one of the scientists who founded and leads the Human Cell Atlas Consortium.

Advertisement

“It is incredibly exciting because it is giving us new insights into physiology, anatomy, a new understanding of humans,” she told BBC news.

“It will lead to a rewriting of the textbooks in terms of ourselves and our tissues and organs and how they function.”

Genetic instructions for how other parts of the body grow will be published in the coming weeks and months – until eventually we have a more complete picture of how humans are built.

Grace Burgin, Noga Rogel & Moshe Biton, Klarman Cell Observatory, Broad Institute.png A section showing how many genes are turned on to develop the lower intestineGrace Burgin, Noga Rogel & Moshe Biton, Klarman Cell Observatory, Broad Institute.png

Art or science? This section shows how many genes are turned on to develop the lower intestine



Source link

Advertisement
Continue Reading

Science & Environment

Amazon goes nuclear, to invest more than $500 million to develop small module reactors

Published

on

Amazon goes nuclear, to invest more than $500 million to develop small module reactors


Amazon Web Services is investing over $500 million in nuclear power, announcing three projects from Virginia to Washington State. AWS, Amazon‘s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. It’s also a part of Amazon’s path to net-zero carbon emissions.

AWS announced it has signed an agreement with Dominion Energy, Virginia’s utility company, to explore the development of a small module nuclear reactor, or SMR, near Dominion’s existing North Anna nuclear power station. Nuclear reactors produce no carbon emissions.

An SMR is an advanced type of nuclear reactor with a smaller footprint that allows it to be built closer to the grid. They also have faster build times than traditional reactors, allowing them to come online sooner.

Advertisement

Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. Earlier this week, Google announced it will purchase power from SMR developer Kairos Power. Constellation Energy is restarting Three Mile Island to power Microsoft data centers.

“We see the need for gigawatts of power in the coming years, and there’s not going to be enough wind and solar projects to be able to meet the needs, and so nuclear is a great opportunity,” said Matthew Garman, CEO of AWS. “Also, the technology is really advancing to a place with SMRs where there’s going to be a new technology that’s going to be safe and that’s going to be easy to manufacture in a much smaller form.”

Virginia is home to nearly half of all the data centers in the U.S., with one area in Northern Virginia dubbed Data Center Alley, the bulk of which is in Loudon County. An estimated 70% of the world’s internet traffic travels through Data Center Alley each day.

Dominion serves roughly 3,500 megawatts from 452 data centers across its service territory in Virginia. About 70% is in Data Center Alley. A single data center typically demands about 30 megawatts or greater, according to Dominion Energy. Bob Blue, its president and CEO, said in a recent quarterly earnings call that the utility now receives individual requests for 60 megawatts to 90 megawatts or greater. Dominion projects that power demand will increase by 85% over the next 15 years. AWS expects the new SMRs to bring at least 300 megawatts of power to the Virginia region.

Advertisement

“Small modular nuclear reactors will play a critical role in positioning Virginia as a leading nuclear innovation hub,” said Virginia Gov. Glenn Youngkin in a release. “Amazon Web Services’ commitment to this technology and their partnership with Dominion is a significant step forward to meet the future power needs of a growing Virginia.”

AWS plans to invest $35 billion by 2040 to establish multiple data center campuses across Virginia, according to an announcement from Youngkin last year.

These SMRs will be powering directly into the grid, so they’ll go to power everything, part of that is the data centers, but everything that is plugged into the grid will benefit,” Garman added.

Amazon also announced a new agreement with utility company Energy Northwest, a consortium of state public utilities, to fund the development, licensing and construction of four SMRs in Washington State. The reactors will be built, owned and operated by Energy Northwest but will provide energy directly to the grid, which will also help power Amazon operations.

Advertisement

Under the agreement, Amazon will have the right to purchase electricity from the first four modules. Energy Northwest has the option to build up to eight additional modules. That power would also be available to Amazon and Northwest utilities to power homes and businesses.

The SMRs will be developed with technology from Maryland-based X-energy, a developer of SMRs and fuel. Along with Amazon’s other announcements, Amazon’s Climate Pledge Fund disclosed it is the lead anchor in a $500 million financing round for X-Energy. The Climate Pledge Fund is its corporate venture capital fund that invests in early-stage sustainability companies. Other investors include Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP and the University of Michigan.

“Amazon and X-energy are poised to define the future of advanced nuclear energy in the commercial marketplace,” said X-energy CEO J. Clay Sell. “To fully realize the opportunities available through artificial intelligence, we must bring clean, safe, and reliable electrons onto the grid with proven technologies that can scale and grow with demand.”

Last spring, AWS invested in a nuclear energy project with Talen Energy, signing an agreement to purchase nuclear power from the company’s existing Susquehanna Steam Electric Station, a nuclear power station in Salem Township, Pennsylvania. AWS also purchased the adjacent, nuclear-powered data center campus from Talen for $650 million.

Advertisement



Source link

Continue Reading

Science & Environment

WTI, Brent edge lower after selloff

Published

on

WTI, Brent edge lower after selloff


If oil production starts rising, there could be an oversupply in 2025: S&P Global

U.S. crude futures edged lower Wednesday to trade below $71 per barrel, after selling off steeply in the previous session on reports that Israel will not attack Iran’s oil facilities.

The U.S. benchmark tumbled more than 4% on Tuesday, after Israel told the U.S. that it will limit its retaliatory strikes to military targets in Iran, senior Biden administration officials told NBC News.

Crude oil prices have given up most of the gains made in the wake of Iran’s Oct. 1 ballistic missile attack on Israel, as fears of an oil supply disruption in the Middle East have eased.

Advertisement

Here are Wednesday’s energy prices:

  • West Texas Intermediate November contract: $70.28 per barrel, down 30 cents, or 0.43%. Year to date, U.S. crude oil has fallen nearly 2%.
  • Brent December contract: $73.94 per barrel, down 31 cents, or 0.42%. Year to date, the global benchmark has declined about 4%.
  • RBOB Gasoline November contract: $2.0378 per gallon, little changed. Year to date, gasoline has decreased about 3%.
  • Natural Gas November contract: $2.464 per thousand cubic feet, down 1.36%. Year to date, gas has pulled back about 2%.

Don’t miss these energy insights from CNBC PRO:



Source link

Continue Reading

Trending

Copyright © 2024 WordupNews.com