Greece has signed a 20-year deal to import 0.7 billion cubic meters of...
Greece has signed a 20-year deal to import 0.7 billion cubic meters of LNG annually from the United States starting in 2030, as part of efforts to replace Russian gas in Europe. The agreement involves Greek gas utility DEPA, energy company Aktor and US-based Venture Global, which is building an export facility in Louisiana. US officials emphasized at an Athens energy conference that they aim to substitute Russian gas with American energy, positioning Greece as a critical entry point for US LNG into Europe.
Cost pressures haven't slowed US LNG contracting surge
US liquefied natural gas exporters locked in 32.5 million short tons...
US liquefied natural gas exporters locked in 32.5 million short tons per year of binding contracts this year through October, four times last year's total and the second-highest volume on record, according to Rapidan Energy Group data. Developers including Sempra, Cheniere Energy and Next Decade have sanctioned projects that will expand US export capacity by 67.8 million short tons annually. A rapid build-out could flood the market later in the decade, but producers remains confident in long-term demand, even as rising construction costs and liquefaction fees threaten project viability.
Consumer sentiment near all-time low as fear of prolonged shutdown builds
The mood among consumers darkened in November as the...
The mood among consumers darkened in November as the government shutdown dragged on, according to the latest gauge released Friday.
The University of Michigan said its gauge of consumer sentiment fell to 50.3 in a preliminary November reading from 53.6 in the prior month. That’s the lowest level since June 2022, which was the lowest level on record.
Economists polled by the Wall Street Journal had expected sentiment would slip to 53.0 from 53.6 in October.
Elon Musk gets his $1 trillion Tesla pay package. Tesla...
Elon Musk gets his $1 trillion Tesla pay package. Tesla shareholders voted to approve the CEO’s controversial pay package at the company’s annual meeting yesterday, with 75% support, CNBC reported. The package can net Musk—already the richest person in the world—up to $1 trillion if the company meets certain goals over the next decade. Some major investors and proxy firms had urged investors to reject the astronomical package, but it was expected to pass after Musk threatened to leave the company if it wasn’t approved. The package also gives Musk more voting power over the company, whose stock has recovered this year despite flagging sales and worries over the EV market now that the $7,500 US tax credit has expired.
Boeing will not face criminal charges after a federal judge tossed out a conspiracy charge related to two 737 Max crashes that killed 346 people.
Direct File, the IRS’ Biden-era free tax filing program, is being ended by the Trump administration.
Ford is considering scrapping the electric version of its F-150 truck after sales “fell far short of expectations,” the Wall Street Journal reported.
Peloton is recalling 833,000 Bike+ units following reports that its seat broke and detached, causing two injuries.
Tesla Inc. shareholders have thrown their support wholeheartedly...
Tesla Inc. shareholders have thrown their support wholeheartedly behind Chief Executive Elon Musk, signing off on a compensation package worth up to $1 trillion on Thursday.
More than 75% of Tesla investors voted in favor of a proposal to give Musk the package, which ensures that he will stay at the company for about a decade, according to preliminary results. Official results will be made public later.
“What we’re about to embark upon is not merely a new chapter in the future of Tesla, but a whole new book,” Musk said on Thursday after taking the stage at Tesla’s factory in Austin, Texas, and thanking investors.
Key Points About This Summary
Tesla shareholders approved a compensation package for Elon Musk, potentially worth $1 trillion, with over 75% of investors voting in favor.
The package requires Musk to increase Tesla’s market capitalization to $8.5 trillion and achieve product goals like delivering 1 million Optimus robots and 1 million robotaxis.
Shareholders also re-elected three board members and approved a proposal to grant Musk shares from a 2018 compensation package.
