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NextEra Energy CEO urges energy pragmatism amid rising costs, demand
2025-05-05 08:45:04| Spiritual Career Counseling
An article from Dive Brief Plans for new natural gas generation could be harder hit by tariffs than solar or storage projects, CEO John Ketchum said. Published April 24, 2025 By Emma Penrod Dive Brief:Solar and energy storage remain the cheapest options for meeting growing electric demand as costs and development timelines for new natural gas plants grow, NextEra Energy President and CEO John Ketchum said during a Wednesday morning earnings call.The cost to build a new natural gas plant has already tripled in the last few years and could increase even further due to new tariffs, Ketchum said. He later added during a Q&A with analysts that the time to build a new natural gas plant has grown from four and a half years to six or more years.NextEra Energy has secured contracts for solar and battery storage supply chains that will largely avoid the tariffs' impacts, which could give the company a considerable advantage over its competitors, Ketchum said.Dive Insight:With energy demand set t...
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Florida vs. California: How two states are facing the insurance crisis
2025-05-05 04:45:04| Spiritual Career Counseling
California and Florida have for years been the canary in the gold mine for a homeowner insurance crisis that experts warn might soon spread to many more states across the country.The two disaster-prone states, which face different challenges within their own markets, have seen homeowners insurance premiums skyrocket in recent years as carriers dealing with rising costs and growing catastrophe exposure either significantly hiked their rates or cut coverage in the most vulnerable areas, leaving homeowners with limited options.Despite facing similar challenges, the two states are experimenting with wildly different solutionsonce again becoming examples for the rest of the country of the dos and don'ts of a crisis that is expected to spread across the nation.Why It MattersThe homeowners insurance crises in California and Florida have drastically different causes, but they have one element in common: both coastal states are particularly vulnerable to natural disasters, with wildfires in Ca...
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Employment
Canadas auto sector weighs difficult new reality under Trumps tariffs - National | Globalnews.ca
2025-05-05 04:45:04| Spiritual Career Counseling
Its been about one week since the tariffs imposed by U.S. President Donald Trump on the North American auto sector took effect and those within the Canadian industry say so far, confusion is whats most prominent.The 25 per cent tariffs went into effect April 3, putting a duty on all foreign-made vehicles entering the U.S., though automakers compliant with the terms of the Canada-U.S.-Mexico Agreement (CUSMA) can deduct the value of U.S. content.Canada also imposed its own duty of 25 per cent on U.S.-assembled vehicles, though it too will allow importers to deduct the value of Canadian and Mexican content under CUSMA.So what were seeing immediately in terms of reaction is companies are taking a moment to just try and understand what the lay of the land is, what exactly the rules are, and then figure out what the path forward is for future exports into the United States, said Brian Kingston, president and CEO of the Canadian Vehicle Manufacturers Association (CVMA).Story continues b...
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Employment