Florida

Energy Markets

Debby puts more than a foot of rain on coastal Georgia, South Carolina

Tropical Storm Debby inundated coastal Georgia and South Carolina with a deluge of rain that could flood Charleston, Savannah and other cities on Tuesday, a day after it slammed into Florida's Gulf Coast as a. typhoon. At least six individuals have actually passed away in Florida and Georgia in the. wake of the storm, which is expected to stick around over the. southeastern and mid-Atlantic coasts for days. Between 10 inches (25 cm) and 20 inches (51 cm) of rain was. expected to fall along parts of Georgia, South Carolina and. North Carolina through Friday and cause disastrous flooding,. the...

Energy Markets

Hurricane Debby takes goal at Florida's Gulf Coast, expected to slog up East Coast

Hurricane Debby is anticipated to slam into the Huge Bend region of Florida's Gulf Coast by midday on Monday before slowly crossing the state, causing possibly harmful storm rises and devastating flooding, the National Cyclone Center (NHC) stated. By 11 p.m. EDT (0300 GMT) on Sunday, the cyclone had continual winds of 75 miles per hour (120 kph), growing from a slow moving tropical storm that got strength from warm Gulf waters. It will likely simply get more powerful. The hurricane center forecast life-threatening conditions, including storm surges up to 10 feet (3 meters) in some locations. As it slowly...

Energy Markets

Coral reefs suffer fourth worldwide bleaching event, NOAA says

Along coastlines from Australia to Kenya to Mexico, a number of the world's vibrant coral reefs have turned a ghostly white in what researchers stated on Monday amounted to the 4th international whitening occasion in the last three years. At least 54 nations and areas have actually experienced mass bleaching among their reefs since February 2023 as environment change warms the ocean's surface waters, according to the U.S. National Oceanic and Atmospheric Administration's (NOAA) Coral Reef Watch, the world's leading coral reef monitoring body. Whitening is triggered by water temperature anomalies that trigger corals to expel the colorful algae living...

Oil & Gas

Icahn Enterprises wins dismissal of investor lawsuit

Carl Icahn's investment company Icahn Enterprises won the termination of a lawsuit declaring it artificially pumped up its share rate by issuing unsustainably high dividends to assist the billionaire financier get big amounts of personal loans. In a choice on Friday, U.S. District Judge K. Michael Moore in Miami stated investors in the proposed class action stopped working to show that the company made product misrepresentations or omissions and did so with an intent to defraud. Lawyers for the shareholders did not immediately react to ask for remark. A representative for Icahn Enterprises did not instantly respond to a comparable...

Fossil Fuels

Marathon Petroleum's profit beats as volume increase offsets weak margins

Marathon Petroleum beat secondquarter profit price quotes, as higher volume of crude processing and a strong midstream sector assisted balance out low refining margins, sending the shares of the leading U.S. refiner up nearly 6%. It had the ability to process as much as 16% of the nation's total need at its 13 U.S. plants as of June even as fuel need took a hit from lower manufacturing activity and greater renewable fuel supply. In anticipation of greater need, U.S. refiners had ramped up processing capability to 93.5% in the second quarter, compared with 91% a year earlier, according to...

Electric Utilities

Biden prepares to reschedule storm-delayed 2024 campaign travel for next week

U.S. President Joe Biden will go to 2 closely objected to 2024 election states next week on behalf of Democratic governmental prospect Kamala Harris, rescheduling travel delayed since of Cyclone Helene, according to a Biden adviser. Biden plans to go to Milwaukee, Wisconsin, and Philadelphia, Pennsylvania, for occasions on Harris' behalf, the consultant said. The states are 2 of the mainly highly prized in the race for the White House and show an indicator of how Harris' campaign will utilize the existing president in the subsiding weeks of the race. Biden had actually postponed his travel offered the hurricane reaction,...

Electric Utilities

Hurricane Helene wreaks havoc on United States Southeast, death toll increases

Southeastern U.S. mentions started a. huge clean-up and healing effort on Sunday after winds, rain. and storm surges from Cyclone Helene offed power,. destroyed roadways and bridges and triggered catastrophic flooding. from Florida to Virginia. The storm caused a minimum of 60 deaths, according to state and. local officials in South Carolina, Florida, Georgia, North. Carolina and Virginia. Authorities feared still more bodies would. be discovered across a number of states. Damage price quotes varied from $15 billion to more than $100. billion, insurers and forecasters stated over the weekend. Property damage and lost financial output will become more clear....