Developers weigh options to expedite export infrastructure as Biden administration pushes market to help Europe cut Russia ties, but U.S. and global clean energy pressure clouds long term growth outlook. Issues also are set to scale up mining projects in the U.S.
U.S. Securities and Exchange Commission would seek standardized disclosures of climate-related business risks and greenhouse gas emissions for the first time. A 60-day comment period still is ahead, as supporters and opponents line up.
Completion of Atlanta’s $321.3-million, five-year project in late 2020 to expand its strained regional water supply comes as conditions may be worsening.
A global nuclear energy watchdog and the financier of the $2.8B program to cover the Chernobyl site's damaged reactor raised concern March 10 of power loss safety impacts, with worry also of a monitoring system cutoff at the still operating Zaporizhizhia plant—as both remain in Russian control.
Equipment giant Caterpillar, design giant WSP and others announce they will detach, while more are ‘closely monitoring’ the situation overseas as it directly affects projects, clients and personnel.
Austrian contractor Strabag confirms ownership link to Russian oligarch but cites no EU, UK or US sanctions and has cut off dividends to his firm; long-time Ukraine contractor Onur Group will stay put "but we are watching the developments sadly and with concern,” says an official.
As conflict expands, Germany looks to extend use of last three nuclear power plants it planned to close this year, while EU gets 10-point plan to cut Russia gas dependence by one-third in a year and Denmark announces new steps to halt Russian gas imports.
Despite past troubles and remaining bumps, contractor reported gains in year-end results, with the energy transition set to drive a 10% revenue boost this year, executives told analysts Feb. 22.
UPDATE: Russians now occupy Zaporizhzhia faciity, but fire caused by shelling is out with no reactor damage or elevated radioactivity as yet, although power output remains reduced, Ukraine officials said, in latest big assault on the country's infrastructure from Putin military invasion.