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Two years ago, Donald Trump made an outlandish campaign promise: He would cut Americans’ power bills in half. It was a ridiculous, impossible pledge — but even so, the affordability problem didn’t need to get this bad. A new report, out this week from the Natural Resources Defense Council, looks at…
California now has the most expensive electricity in the continental United States. It also has expensive housing … and an increasingly broken home insurance market. Are the three phenomena linked? They might be. Due to a peculiarity in the state’s constitution, electricity utilities are incentiviz…
At this point, when you hear “venture capitalist,” you probably think of … software. Or artificial intelligence. Or cryptocurrency. The Engine Ventures, which spun out of MIT a few years ago, is different. It tries to fund what it calls “tough tech,” a somewhat nebulous category that includes compa…
Every few years, the Pacific Ocean’s surface waters become especially warm near the equator, a climatic phenomenon known as El Niño. El Niño is a normal part of the climate system, but even in a normal year, it can trigger extreme weather around the world. Forecasters are worried that the current E…
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