Germany-based RWE, which is developing offshore projects in New York and California, bid $5.6 million for its 102,000-acre site off Louisiana in the Aug. 29 Gulf of Mexico lease sale,
States say Federal Energy Regulatory Commission did not consider New Jersey's claims that added capacity was not needed and would violate its climate change law.
But the megaproject's current chances of successful delivery was rated "unachievable" by the government's Infrastructure and
Projects Authority in its recent annual review.
But damage and economic impact cost could reach $6 billion, says a Moody's estimate, as President Joe Biden releases funds for emergency repairs and announces FEMA official as federal coordinator for long-term reconstruction
State DOT dumps stalled $7.3B private developer approach of previous administration, but with public funding not in hand, design and construction is years away.
Jacobs says planned spinoff continues of its Critical Mission Solutions business, which employs 16,000 of its 60,000 employees, but KBR said on Aug. 21 that a rumored purchase "does not align with ... its capital deployment and strategic priorities and thus is not being pursued.”
A $283-million gas power plant being built near Billings may face added environmental scrutiny as state Supreme Court weighs Aug. 14 lower court ruling of state law barring greenhouse gas emission impact review as unconstitutional.
Proposed EPA mandate's reliance on hydrogen and carbon capture evoked concern in comments sent by an Aug. 9 deadline, but supporters say investment in clean transition approaches already are well underway.