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Energy Department Announces $100 Million to Restore America’s Coal Plants

WASHINGTON— The U.S. Department of Energy (DOE) today issued a Notice of Funding Opportunity (NOFO) for up to $100 million in federal funding to refurbish and modernize the nation’s existing coal power plants. It follows the Department’s September announcement of its intent to invest $625 million to expand and reinvigorate America’s coal industry. The effort will support practical, high-impact projects that improve efficiency, plant lifetimes, and performance of coal and natural gas use. “For years, the Biden and Obama administrations relentlessly targeted America’s coal industry and workers, resulting in the closure of reliable power plants and higher electricity costs,” said U.S. Secretary of Energy Chris Wright. “Thankfully, President Trump has ended the war on American coal and is restoring common sense energy policies that put Americans first. These projects will help keep America’s coal plants operating and ensure the United States has the reliable and affordable power it needs to keep the lights on and power our future.” This effort supports President Trump’s Executive Orders, Reinvigorating America’s Beautiful Clean Coal Industry and Strengthening the Reliability and Security of the United States Electric Grid, and advances his commitment to restore U.S. energy dominance. This NOFO seeks applications for projects to design, implement, test, and validate three strategic opportunities for refurbishment and retrofit of existing American coal power plants to make them operate more efficiently, reliably, and affordably: Development, engineering, and implementation of advanced wastewater management systems capable of cost-effective water recovery and other value-added byproducts from wastewater streams. Engineering, design, and implementation of retrofit systems that enable fuel switching between coal and natural gas without compromising critical operational parameters. Deployment, engineering, and implementation of advanced coal-natural gas co-firing systems and system components, including highly fuel-flexible burner designs and advanced control systems, to maximize gas co-firing capacity to provide a low cost retrofit option for coal plants while minimizing efficiency penalties. DOE’s National Energy

Read More »

Here’s the latest company planning for gene-edited babies

A West Coast biotech entrepreneur says he’s secured $30 million to form a public-benefit company to study how to safely create genetically edited babies, marking the largest known investment into the taboo technology.   The new company, called Preventive, is being formed to research so-called “heritable genome editing,” in which the DNA of embryos would be modified by correcting harmful mutations or installing beneficial genes. The goal would be to prevent disease. Preventive was founded by the gene-editing scientist Lucas Harrington, who described his plans yesterday in a blog post announcing the venture. Preventive, he said, will not rush to try out the technique but instead will dedicate itself “to rigorously researching whether heritable genome editing can be done safely and responsibly.” Creating genetically edited humans remains controversial, and the first scientist to do it, in China, was imprisoned for three years. The procedure remains illegal in many countries, including the US, and doubts surround its usefulness as a form of medicine.
Ask AIWhy it matters to you?BETAHere’s why this story might matter to you, according to AI. This is a beta feature and AI hallucinates—it might get weirdTell me why it matters Still, as gene-editing technology races forward, the temptation to shape the future of the species may prove irresistible, particularly to entrepreneurs keen to put their stamp on the human condition. In theory, even small genetic tweaks could create people who never get heart disease or Alzheimer’s, and who would pass those traits on to their own offspring. According to Harrington, if the technique proves safe, it “could become one of the most important health technologies of our time.” He has estimated that editing an embryo would cost only about $5,000 and believes regulations could change in the future. 
Preventive is the third US startup this year to say it is pursuing technology to produce gene-edited babies. The first, Bootstrap Bio, based in California, is reportedly seeking seed funding and has an interest in enhancing intelligence. Another, Manhattan Genomics, is also in the formation stage but has not announced funding yet. As of now, none of these companies have significant staff or facilities, and they largely lack any credibility among mainstream gene-editing scientists. Reached by email, Fyodor Urnov, an expert in gene editing at the University of California, Berkeley, where Harrington studied, said he believes such ventures should not move forward. Urnov has been a pointed critic of the concept of heritable genome editing, calling it dangerous, misguided, and a distraction from the real benefits of gene editing to treat adults and children.  In his email, Urnov said the launch of still another venture into the area made him want to “howl with pain.”   Harrinton’s venture was incorporated in Delaware in May 2025,under the name Preventive Medicine PBC. As a public-benefit corporation, it is organized to put its public mission above profits. “If our research shows [heritable genome editing] cannot be done safely, that conclusion is equally valuable to the scientific community and society,” Harrington wrote in his post. Harrington is a cofounder of Mammoth Biosciences, a gene-editing company pursuing drugs for adults, and remains a board member there. In recent months, Preventive has sought endorsements from leading figures in genome editing, but according to its post, it had secured only one—from Paula Amato, a fertility doctor at Oregon Health Sciences University, who said she had agreed to act as an advisor to the company. Amato is a member of a US team that has researched embryo editing in the country since 2017, and she has promoted the technology as a way to increase IVF success. That could be the case if editing could correct abnormal embryos, making more available for use in trying to create a pregnancy.

It remains unclear where Preventive’s funding is coming from. Harrington said the $30 million was gathered from “private funders who share our commitment to pursuing this research responsibly.” But he declined to identify those investors other than SciFounders, a venture firm he runs with his personal and business partner Matt Krisiloff, the CEO of the biotech company Conception, which aims to create human eggs from stem cells. That’s yet another technology that could change reproduction, if it works. Krisiloff is listed as a member of Preventive’s founding team. The idea of edited babies has received growing attention from figures in the cryptocurrency business. These include Brian Armstrong, the billionaire founder of Coinbase, who has held a series of off-the-record dinners to discuss the technology (which Harrington attended). Armstrong previously argued that the “time is right” for a startup venture in the area. Will Harborne, a crypto entrepreneur and partner at LongGame Ventures, says he’s “thrilled” to see Preventive launch. If the technology proves safe, he argues, “widespread adoption is inevitable,” calling its use a “societal obligation.” Harborne’s fund has invested in Herasight, a company that uses genetic tests to rank IVF embryos for future IQ and other traits. That’s another hotly debated technology, but one that has already reached the market, since such testing isn’t strictly regulated. Some have begun to use the term “human enhancement companies” to refer to such ventures. What’s still lacking is evidence that leading gene-editing specialists support these ventures. Preventive was unsuccessful in establishing a collaboration with at least one key research group, and Urnov says he had harsh words for Manhattan Genomics when that company reached out to him about working together. “I encourage you to stop,” he wrote back. “You will cause zero good and formidable harm.” Harrington thinks Preventive could change such attitudes, if it shows that it is serious about doing responsible research. “Most scientists I speak with either accept embryo editing as inevitable or are enthusiastic about the potential but hesitate to voice these opinions publicly,” he told MIT Technology Review earlier this year. “Part of being more public about this is to encourage others in the field to discuss this instead of ignoring it.”

Read More »

USA Energy Sec Says Goal Is for Canada Trade Talks to Resume

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

Read More »

Trump Says Canada Trade Talks Won’t Resume, Contradicting Energy Sec

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

Read More »

Exxon and Chevron Top Estimates With Oil Output Increases

Exxon Mobil Corp. and Chevron Corp. outperformed Wall Street expectations after new oilfield projects and acquisitions boosted crude output. Exxon’s adjusted third-quarter profit per-share was 7 cents higher than analysts forecast, while Chevron posted an almost 20-cent surprise on Friday. For Exxon, it was the sixth consecutive beat, buoyed by the startup of the explorer’s latest Guyana development. Chevron rose as much as 3.1% in New York. Exxon, meanwhile, dipped as much as 1.5% after a spate of acquisitions during the period pressured free cash flow. North America’s largest oil companies are pursuing divergent paths as global oil markets slip into what is widely expected to be a hefty supply glut. As Exxon presses head with a raft of expansion projects despite slumping crude prices, Chevron is positioning itself to wring cash from operations to weather the market downturn. This is all happening against the backdrop of efforts by the OPEC+ alliance to recapture market share by unleashing more crude onto global markets. Brent crude, the international benchmark, already is on pace for its worst annual decline in half a decade. The US supermajors followed European rival Shell Plc in posting stronger-than-expected results. TotalEnergies SE reported profit that was in-line with expectations. BP Plc is scheduled to disclose results next week. For Exxon, eight of the 10 new developments slated for this year have already started up and the remaining two are “on track,” Chief Executive Officer Darren Woods said in a statement.  Woods is betting Exxon’s low debt level means he has ample capacity to fund growth projects that span from crude in Brazil to chemicals in China while maintaining a $20 billion annual buyback program despite weak oil prices. His goal is to be ready to capitalize on an upturn in commodity prices, which analysts say could come

Read More »

Data centers as engines of economic growth

Jeff Jakubiak is a partner at Vinson & Elkins and practices in the firm’s energy regulation group. The electric utility sector has long been shaped by the steady hand of regulation. For decades, utility commissions have balanced the needs of reliability, affordability and fairness against the realities of capital investment and technological change. But today, we stand at a critical inflection point. A new class of energy consumers — data centers — has emerged not just as a high-demand load, but as a catalyst for broader economic growth. Yet, the mindset of many regulatory commissions remains anchored in the past, viewing their role as one of limiting costs rather than proactively enabling investment. That mindset needs to change. Commissions should think of themselves not only as regulators but as economic developers, fostering an environment in which the power system propels business investments that strengthen communities and drive innovation.  In doing so, commissions should permit utilities to recover costs of grid investments that promote economic development, not merely investments undertaken in response to specific requests for electric service. The data center demand surge In every corner of the country, data centers are reshaping energy demand. Artificial intelligence, cloud computing and the digital economy have converged to create an unprecedented need for power-hungry facilities. New projects routinely propose loads exceeding 50, 100 or even 300 MW. This is not a temporary surge — it is a long-term structural shift in electricity demand. The scale of this growth is striking. Global data center power capacity is projected to more than triple — from 81 GW in 2024 to 277 GW by 2035, according to BloombergNEF. For states and regions competing for economic development, data centers offer more than just power loads. They bring high-value jobs, local tax revenues, and the multiplier effect of attracting

Read More »

Energy Department Announces $100 Million to Restore America’s Coal Plants

WASHINGTON— The U.S. Department of Energy (DOE) today issued a Notice of Funding Opportunity (NOFO) for up to $100 million in federal funding to refurbish and modernize the nation’s existing coal power plants. It follows the Department’s September announcement of its intent to invest $625 million to expand and reinvigorate America’s coal industry. The effort will support practical, high-impact projects that improve efficiency, plant lifetimes, and performance of coal and natural gas use. “For years, the Biden and Obama administrations relentlessly targeted America’s coal industry and workers, resulting in the closure of reliable power plants and higher electricity costs,” said U.S. Secretary of Energy Chris Wright. “Thankfully, President Trump has ended the war on American coal and is restoring common sense energy policies that put Americans first. These projects will help keep America’s coal plants operating and ensure the United States has the reliable and affordable power it needs to keep the lights on and power our future.” This effort supports President Trump’s Executive Orders, Reinvigorating America’s Beautiful Clean Coal Industry and Strengthening the Reliability and Security of the United States Electric Grid, and advances his commitment to restore U.S. energy dominance. This NOFO seeks applications for projects to design, implement, test, and validate three strategic opportunities for refurbishment and retrofit of existing American coal power plants to make them operate more efficiently, reliably, and affordably: Development, engineering, and implementation of advanced wastewater management systems capable of cost-effective water recovery and other value-added byproducts from wastewater streams. Engineering, design, and implementation of retrofit systems that enable fuel switching between coal and natural gas without compromising critical operational parameters. Deployment, engineering, and implementation of advanced coal-natural gas co-firing systems and system components, including highly fuel-flexible burner designs and advanced control systems, to maximize gas co-firing capacity to provide a low cost retrofit option for coal plants while minimizing efficiency penalties. DOE’s National Energy

Read More »

Here’s the latest company planning for gene-edited babies

A West Coast biotech entrepreneur says he’s secured $30 million to form a public-benefit company to study how to safely create genetically edited babies, marking the largest known investment into the taboo technology.   The new company, called Preventive, is being formed to research so-called “heritable genome editing,” in which the DNA of embryos would be modified by correcting harmful mutations or installing beneficial genes. The goal would be to prevent disease. Preventive was founded by the gene-editing scientist Lucas Harrington, who described his plans yesterday in a blog post announcing the venture. Preventive, he said, will not rush to try out the technique but instead will dedicate itself “to rigorously researching whether heritable genome editing can be done safely and responsibly.” Creating genetically edited humans remains controversial, and the first scientist to do it, in China, was imprisoned for three years. The procedure remains illegal in many countries, including the US, and doubts surround its usefulness as a form of medicine.
Ask AIWhy it matters to you?BETAHere’s why this story might matter to you, according to AI. This is a beta feature and AI hallucinates—it might get weirdTell me why it matters Still, as gene-editing technology races forward, the temptation to shape the future of the species may prove irresistible, particularly to entrepreneurs keen to put their stamp on the human condition. In theory, even small genetic tweaks could create people who never get heart disease or Alzheimer’s, and who would pass those traits on to their own offspring. According to Harrington, if the technique proves safe, it “could become one of the most important health technologies of our time.” He has estimated that editing an embryo would cost only about $5,000 and believes regulations could change in the future. 
Preventive is the third US startup this year to say it is pursuing technology to produce gene-edited babies. The first, Bootstrap Bio, based in California, is reportedly seeking seed funding and has an interest in enhancing intelligence. Another, Manhattan Genomics, is also in the formation stage but has not announced funding yet. As of now, none of these companies have significant staff or facilities, and they largely lack any credibility among mainstream gene-editing scientists. Reached by email, Fyodor Urnov, an expert in gene editing at the University of California, Berkeley, where Harrington studied, said he believes such ventures should not move forward. Urnov has been a pointed critic of the concept of heritable genome editing, calling it dangerous, misguided, and a distraction from the real benefits of gene editing to treat adults and children.  In his email, Urnov said the launch of still another venture into the area made him want to “howl with pain.”   Harrinton’s venture was incorporated in Delaware in May 2025,under the name Preventive Medicine PBC. As a public-benefit corporation, it is organized to put its public mission above profits. “If our research shows [heritable genome editing] cannot be done safely, that conclusion is equally valuable to the scientific community and society,” Harrington wrote in his post. Harrington is a cofounder of Mammoth Biosciences, a gene-editing company pursuing drugs for adults, and remains a board member there. In recent months, Preventive has sought endorsements from leading figures in genome editing, but according to its post, it had secured only one—from Paula Amato, a fertility doctor at Oregon Health Sciences University, who said she had agreed to act as an advisor to the company. Amato is a member of a US team that has researched embryo editing in the country since 2017, and she has promoted the technology as a way to increase IVF success. That could be the case if editing could correct abnormal embryos, making more available for use in trying to create a pregnancy.

It remains unclear where Preventive’s funding is coming from. Harrington said the $30 million was gathered from “private funders who share our commitment to pursuing this research responsibly.” But he declined to identify those investors other than SciFounders, a venture firm he runs with his personal and business partner Matt Krisiloff, the CEO of the biotech company Conception, which aims to create human eggs from stem cells. That’s yet another technology that could change reproduction, if it works. Krisiloff is listed as a member of Preventive’s founding team. The idea of edited babies has received growing attention from figures in the cryptocurrency business. These include Brian Armstrong, the billionaire founder of Coinbase, who has held a series of off-the-record dinners to discuss the technology (which Harrington attended). Armstrong previously argued that the “time is right” for a startup venture in the area. Will Harborne, a crypto entrepreneur and partner at LongGame Ventures, says he’s “thrilled” to see Preventive launch. If the technology proves safe, he argues, “widespread adoption is inevitable,” calling its use a “societal obligation.” Harborne’s fund has invested in Herasight, a company that uses genetic tests to rank IVF embryos for future IQ and other traits. That’s another hotly debated technology, but one that has already reached the market, since such testing isn’t strictly regulated. Some have begun to use the term “human enhancement companies” to refer to such ventures. What’s still lacking is evidence that leading gene-editing specialists support these ventures. Preventive was unsuccessful in establishing a collaboration with at least one key research group, and Urnov says he had harsh words for Manhattan Genomics when that company reached out to him about working together. “I encourage you to stop,” he wrote back. “You will cause zero good and formidable harm.” Harrington thinks Preventive could change such attitudes, if it shows that it is serious about doing responsible research. “Most scientists I speak with either accept embryo editing as inevitable or are enthusiastic about the potential but hesitate to voice these opinions publicly,” he told MIT Technology Review earlier this year. “Part of being more public about this is to encourage others in the field to discuss this instead of ignoring it.”

Read More »

USA Energy Sec Says Goal Is for Canada Trade Talks to Resume

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

Read More »

Trump Says Canada Trade Talks Won’t Resume, Contradicting Energy Sec

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

Read More »

Exxon and Chevron Top Estimates With Oil Output Increases

Exxon Mobil Corp. and Chevron Corp. outperformed Wall Street expectations after new oilfield projects and acquisitions boosted crude output. Exxon’s adjusted third-quarter profit per-share was 7 cents higher than analysts forecast, while Chevron posted an almost 20-cent surprise on Friday. For Exxon, it was the sixth consecutive beat, buoyed by the startup of the explorer’s latest Guyana development. Chevron rose as much as 3.1% in New York. Exxon, meanwhile, dipped as much as 1.5% after a spate of acquisitions during the period pressured free cash flow. North America’s largest oil companies are pursuing divergent paths as global oil markets slip into what is widely expected to be a hefty supply glut. As Exxon presses head with a raft of expansion projects despite slumping crude prices, Chevron is positioning itself to wring cash from operations to weather the market downturn. This is all happening against the backdrop of efforts by the OPEC+ alliance to recapture market share by unleashing more crude onto global markets. Brent crude, the international benchmark, already is on pace for its worst annual decline in half a decade. The US supermajors followed European rival Shell Plc in posting stronger-than-expected results. TotalEnergies SE reported profit that was in-line with expectations. BP Plc is scheduled to disclose results next week. For Exxon, eight of the 10 new developments slated for this year have already started up and the remaining two are “on track,” Chief Executive Officer Darren Woods said in a statement.  Woods is betting Exxon’s low debt level means he has ample capacity to fund growth projects that span from crude in Brazil to chemicals in China while maintaining a $20 billion annual buyback program despite weak oil prices. His goal is to be ready to capitalize on an upturn in commodity prices, which analysts say could come

Read More »

Data centers as engines of economic growth

Jeff Jakubiak is a partner at Vinson & Elkins and practices in the firm’s energy regulation group. The electric utility sector has long been shaped by the steady hand of regulation. For decades, utility commissions have balanced the needs of reliability, affordability and fairness against the realities of capital investment and technological change. But today, we stand at a critical inflection point. A new class of energy consumers — data centers — has emerged not just as a high-demand load, but as a catalyst for broader economic growth. Yet, the mindset of many regulatory commissions remains anchored in the past, viewing their role as one of limiting costs rather than proactively enabling investment. That mindset needs to change. Commissions should think of themselves not only as regulators but as economic developers, fostering an environment in which the power system propels business investments that strengthen communities and drive innovation.  In doing so, commissions should permit utilities to recover costs of grid investments that promote economic development, not merely investments undertaken in response to specific requests for electric service. The data center demand surge In every corner of the country, data centers are reshaping energy demand. Artificial intelligence, cloud computing and the digital economy have converged to create an unprecedented need for power-hungry facilities. New projects routinely propose loads exceeding 50, 100 or even 300 MW. This is not a temporary surge — it is a long-term structural shift in electricity demand. The scale of this growth is striking. Global data center power capacity is projected to more than triple — from 81 GW in 2024 to 277 GW by 2035, according to BloombergNEF. For states and regions competing for economic development, data centers offer more than just power loads. They bring high-value jobs, local tax revenues, and the multiplier effect of attracting

Read More »

Energy Department Announces $100 Million to Restore America’s Coal Plants

WASHINGTON— The U.S. Department of Energy (DOE) today issued a Notice of Funding Opportunity (NOFO) for up to $100 million in federal funding to refurbish and modernize the nation’s existing coal power plants. It follows the Department’s September announcement of its intent to invest $625 million to expand and reinvigorate America’s coal industry. The effort will support practical, high-impact projects that improve efficiency, plant lifetimes, and performance of coal and natural gas use. “For years, the Biden and Obama administrations relentlessly targeted America’s coal industry and workers, resulting in the closure of reliable power plants and higher electricity costs,” said U.S. Secretary of Energy Chris Wright. “Thankfully, President Trump has ended the war on American coal and is restoring common sense energy policies that put Americans first. These projects will help keep America’s coal plants operating and ensure the United States has the reliable and affordable power it needs to keep the lights on and power our future.” This effort supports President Trump’s Executive Orders, Reinvigorating America’s Beautiful Clean Coal Industry and Strengthening the Reliability and Security of the United States Electric Grid, and advances his commitment to restore U.S. energy dominance. This NOFO seeks applications for projects to design, implement, test, and validate three strategic opportunities for refurbishment and retrofit of existing American coal power plants to make them operate more efficiently, reliably, and affordably: Development, engineering, and implementation of advanced wastewater management systems capable of cost-effective water recovery and other value-added byproducts from wastewater streams. Engineering, design, and implementation of retrofit systems that enable fuel switching between coal and natural gas without compromising critical operational parameters. Deployment, engineering, and implementation of advanced coal-natural gas co-firing systems and system components, including highly fuel-flexible burner designs and advanced control systems, to maximize gas co-firing capacity to provide a low cost retrofit option for coal plants while minimizing efficiency penalties. DOE’s National Energy

Read More »

USA Energy Sec Says Goal Is for Canada Trade Talks to Resume

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

Read More »

Exxon and Chevron Top Estimates With Oil Output Increases

Exxon Mobil Corp. and Chevron Corp. outperformed Wall Street expectations after new oilfield projects and acquisitions boosted crude output. Exxon’s adjusted third-quarter profit per-share was 7 cents higher than analysts forecast, while Chevron posted an almost 20-cent surprise on Friday. For Exxon, it was the sixth consecutive beat, buoyed by the startup of the explorer’s latest Guyana development. Chevron rose as much as 3.1% in New York. Exxon, meanwhile, dipped as much as 1.5% after a spate of acquisitions during the period pressured free cash flow. North America’s largest oil companies are pursuing divergent paths as global oil markets slip into what is widely expected to be a hefty supply glut. As Exxon presses head with a raft of expansion projects despite slumping crude prices, Chevron is positioning itself to wring cash from operations to weather the market downturn. This is all happening against the backdrop of efforts by the OPEC+ alliance to recapture market share by unleashing more crude onto global markets. Brent crude, the international benchmark, already is on pace for its worst annual decline in half a decade. The US supermajors followed European rival Shell Plc in posting stronger-than-expected results. TotalEnergies SE reported profit that was in-line with expectations. BP Plc is scheduled to disclose results next week. For Exxon, eight of the 10 new developments slated for this year have already started up and the remaining two are “on track,” Chief Executive Officer Darren Woods said in a statement.  Woods is betting Exxon’s low debt level means he has ample capacity to fund growth projects that span from crude in Brazil to chemicals in China while maintaining a $20 billion annual buyback program despite weak oil prices. His goal is to be ready to capitalize on an upturn in commodity prices, which analysts say could come

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Trump Says Canada Trade Talks Won’t Resume, Contradicting Energy Sec

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

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Southern Co. large load pipeline tops 50 GW by mid-2030

By the numbers: Southern Co. Q3 2025 50 GW Across multiple utility service territories and 10 years, Southern Co. says it has a pipeline of more than 50 GW of possible large load additions. 12% annual sales growth Southern sees electric sales rising 8% across its service territories, but most notably in Georgia Power’s footprint where it predicts double-digit growth through 2029. 10 GW New resources Southern expects to need in Georgia. It is proposing five gas combined cycle units and 11 battery energy storage facilities to meet the need. Southern Co., which serves 9 million energy customers across the Southeast, has a pipeline of more than 50 GW of new large load additions within the next decade, officials said Thursday during the company’s third quarter earnings call. “Over the last two months, we have [signed] four contracts with large load customers in Georgia and Alabama, representing over 2 GW of demand,” said Chris Womack, chairman, president and CEO The utility company is requiring “strong customer protections and credit provisions” to protect against rate increases to serve the new loads, said Chief Financial Officer David Poroch. “Our pipeline of large load data centers and manufacturers continues to be robust across our electric subsidiaries. The total pipeline remains more than 50 GW of potential incremental load by mid 2030s.” Southern’s subsidiaries include Georgia Power, Alabama Power and Mississippi Power. The utility company on Thursday reported third-quarter earnings of $1.7 billion, or $1.55/share, compared with $1.5 billion, or $1.40/share, in the same period last year. The company saw sales growth “across all customer classes” in the third quarter, officials said. There were 12,000 new residential customers, “well above historical trends,” and data center usage was up 17% relative to the same period last year, according to an earnings presentation. Higher industrial usage was led

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Data centers as engines of economic growth

Jeff Jakubiak is a partner at Vinson & Elkins and practices in the firm’s energy regulation group. The electric utility sector has long been shaped by the steady hand of regulation. For decades, utility commissions have balanced the needs of reliability, affordability and fairness against the realities of capital investment and technological change. But today, we stand at a critical inflection point. A new class of energy consumers — data centers — has emerged not just as a high-demand load, but as a catalyst for broader economic growth. Yet, the mindset of many regulatory commissions remains anchored in the past, viewing their role as one of limiting costs rather than proactively enabling investment. That mindset needs to change. Commissions should think of themselves not only as regulators but as economic developers, fostering an environment in which the power system propels business investments that strengthen communities and drive innovation.  In doing so, commissions should permit utilities to recover costs of grid investments that promote economic development, not merely investments undertaken in response to specific requests for electric service. The data center demand surge In every corner of the country, data centers are reshaping energy demand. Artificial intelligence, cloud computing and the digital economy have converged to create an unprecedented need for power-hungry facilities. New projects routinely propose loads exceeding 50, 100 or even 300 MW. This is not a temporary surge — it is a long-term structural shift in electricity demand. The scale of this growth is striking. Global data center power capacity is projected to more than triple — from 81 GW in 2024 to 277 GW by 2035, according to BloombergNEF. For states and regions competing for economic development, data centers offer more than just power loads. They bring high-value jobs, local tax revenues, and the multiplier effect of attracting

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Microsoft will invest $80B in AI data centers in fiscal 2025

And Microsoft isn’t the only one that is ramping up its investments into AI-enabled data centers. Rival cloud service providers are all investing in either upgrading or opening new data centers to capture a larger chunk of business from developers and users of large language models (LLMs).  In a report published in October 2024, Bloomberg Intelligence estimated that demand for generative AI would push Microsoft, AWS, Google, Oracle, Meta, and Apple would between them devote $200 billion to capex in 2025, up from $110 billion in 2023. Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of Microsoft’s capital spending on AI, at $62.4 billion for calendar 2025, is lower than Smith’s claim that the company will invest $80 billion in the fiscal year to June 30, 2025. Both figures, though, are way higher than Microsoft’s 2020 capital expenditure of “just” $17.6 billion. The majority of the increased spending is tied to cloud services and the expansion of AI infrastructure needed to provide compute capacity for OpenAI workloads. Separately, last October Amazon CEO Andy Jassy said his company planned total capex spend of $75 billion in 2024 and even more in 2025, with much of it going to AWS, its cloud computing division.

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John Deere unveils more autonomous farm machines to address skill labor shortage

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Self-driving tractors might be the path to self-driving cars. John Deere has revealed a new line of autonomous machines and tech across agriculture, construction and commercial landscaping. The Moline, Illinois-based John Deere has been in business for 187 years, yet it’s been a regular as a non-tech company showing off technology at the big tech trade show in Las Vegas and is back at CES 2025 with more autonomous tractors and other vehicles. This is not something we usually cover, but John Deere has a lot of data that is interesting in the big picture of tech. The message from the company is that there aren’t enough skilled farm laborers to do the work that its customers need. It’s been a challenge for most of the last two decades, said Jahmy Hindman, CTO at John Deere, in a briefing. Much of the tech will come this fall and after that. He noted that the average farmer in the U.S. is over 58 and works 12 to 18 hours a day to grow food for us. And he said the American Farm Bureau Federation estimates there are roughly 2.4 million farm jobs that need to be filled annually; and the agricultural work force continues to shrink. (This is my hint to the anti-immigration crowd). John Deere’s autonomous 9RX Tractor. Farmers can oversee it using an app. While each of these industries experiences their own set of challenges, a commonality across all is skilled labor availability. In construction, about 80% percent of contractors struggle to find skilled labor. And in commercial landscaping, 86% of landscaping business owners can’t find labor to fill open positions, he said. “They have to figure out how to do

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2025 playbook for enterprise AI success, from agents to evals

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More 2025 is poised to be a pivotal year for enterprise AI. The past year has seen rapid innovation, and this year will see the same. This has made it more critical than ever to revisit your AI strategy to stay competitive and create value for your customers. From scaling AI agents to optimizing costs, here are the five critical areas enterprises should prioritize for their AI strategy this year. 1. Agents: the next generation of automation AI agents are no longer theoretical. In 2025, they’re indispensable tools for enterprises looking to streamline operations and enhance customer interactions. Unlike traditional software, agents powered by large language models (LLMs) can make nuanced decisions, navigate complex multi-step tasks, and integrate seamlessly with tools and APIs. At the start of 2024, agents were not ready for prime time, making frustrating mistakes like hallucinating URLs. They started getting better as frontier large language models themselves improved. “Let me put it this way,” said Sam Witteveen, cofounder of Red Dragon, a company that develops agents for companies, and that recently reviewed the 48 agents it built last year. “Interestingly, the ones that we built at the start of the year, a lot of those worked way better at the end of the year just because the models got better.” Witteveen shared this in the video podcast we filmed to discuss these five big trends in detail. Models are getting better and hallucinating less, and they’re also being trained to do agentic tasks. Another feature that the model providers are researching is a way to use the LLM as a judge, and as models get cheaper (something we’ll cover below), companies can use three or more models to

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OpenAI’s red teaming innovations define new essentials for security leaders in the AI era

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More OpenAI has taken a more aggressive approach to red teaming than its AI competitors, demonstrating its security teams’ advanced capabilities in two areas: multi-step reinforcement and external red teaming. OpenAI recently released two papers that set a new competitive standard for improving the quality, reliability and safety of AI models in these two techniques and more. The first paper, “OpenAI’s Approach to External Red Teaming for AI Models and Systems,” reports that specialized teams outside the company have proven effective in uncovering vulnerabilities that might otherwise have made it into a released model because in-house testing techniques may have missed them. In the second paper, “Diverse and Effective Red Teaming with Auto-Generated Rewards and Multi-Step Reinforcement Learning,” OpenAI introduces an automated framework that relies on iterative reinforcement learning to generate a broad spectrum of novel, wide-ranging attacks. Going all-in on red teaming pays practical, competitive dividends It’s encouraging to see competitive intensity in red teaming growing among AI companies. When Anthropic released its AI red team guidelines in June of last year, it joined AI providers including Google, Microsoft, Nvidia, OpenAI, and even the U.S.’s National Institute of Standards and Technology (NIST), which all had released red teaming frameworks. Investing heavily in red teaming yields tangible benefits for security leaders in any organization. OpenAI’s paper on external red teaming provides a detailed analysis of how the company strives to create specialized external teams that include cybersecurity and subject matter experts. The goal is to see if knowledgeable external teams can defeat models’ security perimeters and find gaps in their security, biases and controls that prompt-based testing couldn’t find. What makes OpenAI’s recent papers noteworthy is how well they define using human-in-the-middle

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Three Aberdeen oil company headquarters sell for £45m

Three Aberdeen oil company headquarters have been sold in a deal worth £45 million. The CNOOC, Apache and Taqa buildings at the Prime Four business park in Kingswells have been acquired by EEH Ventures. The trio of buildings, totalling 275,000 sq ft, were previously owned by Canadian firm BMO. The financial services powerhouse first bought the buildings in 2014 but took the decision to sell the buildings as part of a “long-standing strategy to reduce their office exposure across the UK”. The deal was the largest to take place throughout Scotland during the last quarter of 2024. Trio of buildings snapped up London headquartered EEH Ventures was founded in 2013 and owns a number of residential, offices, shopping centres and hotels throughout the UK. All three Kingswells-based buildings were pre-let, designed and constructed by Aberdeen property developer Drum in 2012 on a 15-year lease. © Supplied by CBREThe Aberdeen headquarters of Taqa. Image: CBRE The North Sea headquarters of Middle-East oil firm Taqa has previously been described as “an amazing success story in the Granite City”. Taqa announced in 2023 that it intends to cease production from all of its UK North Sea platforms by the end of 2027. Meanwhile, Apache revealed at the end of last year it is planning to exit the North Sea by the end of 2029 blaming the windfall tax. The US firm first entered the North Sea in 2003 but will wrap up all of its UK operations by 2030. Aberdeen big deals The Prime Four acquisition wasn’t the biggest Granite City commercial property sale of 2024. American private equity firm Lone Star bought Union Square shopping centre from Hammerson for £111m. © ShutterstockAberdeen city centre. Hammerson, who also built the property, had originally been seeking £150m. BP’s North Sea headquarters in Stoneywood, Aberdeen, was also sold. Manchester-based

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2025 ransomware predictions, trends, and how to prepare

Zscaler ThreatLabz research team has revealed critical insights and predictions on ransomware trends for 2025. The latest Ransomware Report uncovered a surge in sophisticated tactics and extortion attacks. As ransomware remains a key concern for CISOs and CIOs, the report sheds light on actionable strategies to mitigate risks. Top Ransomware Predictions for 2025: ● AI-Powered Social Engineering: In 2025, GenAI will fuel voice phishing (vishing) attacks. With the proliferation of GenAI-based tooling, initial access broker groups will increasingly leverage AI-generated voices; which sound more and more realistic by adopting local accents and dialects to enhance credibility and success rates. ● The Trifecta of Social Engineering Attacks: Vishing, Ransomware and Data Exfiltration. Additionally, sophisticated ransomware groups, like the Dark Angels, will continue the trend of low-volume, high-impact attacks; preferring to focus on an individual company, stealing vast amounts of data without encrypting files, and evading media and law enforcement scrutiny. ● Targeted Industries Under Siege: Manufacturing, healthcare, education, energy will remain primary targets, with no slowdown in attacks expected. ● New SEC Regulations Drive Increased Transparency: 2025 will see an uptick in reported ransomware attacks and payouts due to new, tighter SEC requirements mandating that public companies report material incidents within four business days. ● Ransomware Payouts Are on the Rise: In 2025 ransom demands will most likely increase due to an evolving ecosystem of cybercrime groups, specializing in designated attack tactics, and collaboration by these groups that have entered a sophisticated profit sharing model using Ransomware-as-a-Service. To combat damaging ransomware attacks, Zscaler ThreatLabz recommends the following strategies. ● Fighting AI with AI: As threat actors use AI to identify vulnerabilities, organizations must counter with AI-powered zero trust security systems that detect and mitigate new threats. ● Advantages of adopting a Zero Trust architecture: A Zero Trust cloud security platform stops

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Here’s the latest company planning for gene-edited babies

A West Coast biotech entrepreneur says he’s secured $30 million to form a public-benefit company to study how to safely create genetically edited babies, marking the largest known investment into the taboo technology.   The new company, called Preventive, is being formed to research so-called “heritable genome editing,” in which the DNA of embryos would be modified by correcting harmful mutations or installing beneficial genes. The goal would be to prevent disease. Preventive was founded by the gene-editing scientist Lucas Harrington, who described his plans yesterday in a blog post announcing the venture. Preventive, he said, will not rush to try out the technique but instead will dedicate itself “to rigorously researching whether heritable genome editing can be done safely and responsibly.” Creating genetically edited humans remains controversial, and the first scientist to do it, in China, was imprisoned for three years. The procedure remains illegal in many countries, including the US, and doubts surround its usefulness as a form of medicine.
Ask AIWhy it matters to you?BETAHere’s why this story might matter to you, according to AI. This is a beta feature and AI hallucinates—it might get weirdTell me why it matters Still, as gene-editing technology races forward, the temptation to shape the future of the species may prove irresistible, particularly to entrepreneurs keen to put their stamp on the human condition. In theory, even small genetic tweaks could create people who never get heart disease or Alzheimer’s, and who would pass those traits on to their own offspring. According to Harrington, if the technique proves safe, it “could become one of the most important health technologies of our time.” He has estimated that editing an embryo would cost only about $5,000 and believes regulations could change in the future. 
Preventive is the third US startup this year to say it is pursuing technology to produce gene-edited babies. The first, Bootstrap Bio, based in California, is reportedly seeking seed funding and has an interest in enhancing intelligence. Another, Manhattan Genomics, is also in the formation stage but has not announced funding yet. As of now, none of these companies have significant staff or facilities, and they largely lack any credibility among mainstream gene-editing scientists. Reached by email, Fyodor Urnov, an expert in gene editing at the University of California, Berkeley, where Harrington studied, said he believes such ventures should not move forward. Urnov has been a pointed critic of the concept of heritable genome editing, calling it dangerous, misguided, and a distraction from the real benefits of gene editing to treat adults and children.  In his email, Urnov said the launch of still another venture into the area made him want to “howl with pain.”   Harrinton’s venture was incorporated in Delaware in May 2025,under the name Preventive Medicine PBC. As a public-benefit corporation, it is organized to put its public mission above profits. “If our research shows [heritable genome editing] cannot be done safely, that conclusion is equally valuable to the scientific community and society,” Harrington wrote in his post. Harrington is a cofounder of Mammoth Biosciences, a gene-editing company pursuing drugs for adults, and remains a board member there. In recent months, Preventive has sought endorsements from leading figures in genome editing, but according to its post, it had secured only one—from Paula Amato, a fertility doctor at Oregon Health Sciences University, who said she had agreed to act as an advisor to the company. Amato is a member of a US team that has researched embryo editing in the country since 2017, and she has promoted the technology as a way to increase IVF success. That could be the case if editing could correct abnormal embryos, making more available for use in trying to create a pregnancy.

It remains unclear where Preventive’s funding is coming from. Harrington said the $30 million was gathered from “private funders who share our commitment to pursuing this research responsibly.” But he declined to identify those investors other than SciFounders, a venture firm he runs with his personal and business partner Matt Krisiloff, the CEO of the biotech company Conception, which aims to create human eggs from stem cells. That’s yet another technology that could change reproduction, if it works. Krisiloff is listed as a member of Preventive’s founding team. The idea of edited babies has received growing attention from figures in the cryptocurrency business. These include Brian Armstrong, the billionaire founder of Coinbase, who has held a series of off-the-record dinners to discuss the technology (which Harrington attended). Armstrong previously argued that the “time is right” for a startup venture in the area. Will Harborne, a crypto entrepreneur and partner at LongGame Ventures, says he’s “thrilled” to see Preventive launch. If the technology proves safe, he argues, “widespread adoption is inevitable,” calling its use a “societal obligation.” Harborne’s fund has invested in Herasight, a company that uses genetic tests to rank IVF embryos for future IQ and other traits. That’s another hotly debated technology, but one that has already reached the market, since such testing isn’t strictly regulated. Some have begun to use the term “human enhancement companies” to refer to such ventures. What’s still lacking is evidence that leading gene-editing specialists support these ventures. Preventive was unsuccessful in establishing a collaboration with at least one key research group, and Urnov says he had harsh words for Manhattan Genomics when that company reached out to him about working together. “I encourage you to stop,” he wrote back. “You will cause zero good and formidable harm.” Harrington thinks Preventive could change such attitudes, if it shows that it is serious about doing responsible research. “Most scientists I speak with either accept embryo editing as inevitable or are enthusiastic about the potential but hesitate to voice these opinions publicly,” he told MIT Technology Review earlier this year. “Part of being more public about this is to encourage others in the field to discuss this instead of ignoring it.”

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The Download: down the Mandela effect rabbit hole, and the promise of a vaccine for colds

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Why do so many people think the Fruit of the Loom logo had a cornucopia? Quick question: Does the Fruit of the Loom logo feature a cornucopia?Many of us have been wearing the company’s T-shirts for decades, and yet the question of whether there is a woven brown horn of plenty on the logo is surprisingly contentious.According to a 2022 poll, 55% of Americans believe the logo does include a cornucopia, 25% are unsure, and only 21% are confident that it doesn’t, even though this last group is correct.There’s a name for what’s happening here: the “Mandela effect,” or collective false memory, so called because a number of people misremember that Nelson Mandela died in prison. Yet while many find it easy to let their unconfirmable beliefs go, some spend years seeking answers—and vindication. Read the full story. —Amelia Tait
This story is part of MIT Technology Review’s series “The New Conspiracy Age,” on how the present boom in conspiracy theories is reshaping science and technology.
Here’s why we don’t have a cold vaccine. Yet. For those of us in the Northern Hemisphere, it’s the season of the sniffles. As the weather turns, we’re all spending more time indoors. The kids have been back at school for a couple of months. And cold germs are everywhere. So why can’t we get a vaccine to protect us against the common cold? Scientists have been working on this for decades, but it turns out that creating a cold vaccine is hard. Really hard. But not impossible. There’s still hope. Read the full story. —Jessica Hamzelou This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here. Inside the archives of the NASA Ames Research Center At the southern tip of San Francisco Bay, surrounded by the tech giants Google, Apple, and Microsoft, sits the historic NASA Ames Research Center. Its rich history includes a grab bag of fascinating scientific research involving massive wind tunnels, experimental aircraft, supercomputing, astrobiology, and more.A collection of 5,000 images from NASA Ames’s archives paints a vivid picture of bleeding-edge work at the heart of America’s technology hub. Read the full story.—Jon Keegan

This story is from the latest print issue of MIT Technology Review magazine, which is full of stories about the body. If you haven’t already, subscribe now to receive future issues once they land. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 The US government is considering banning TP-Link routersAn investigation has raised concerns over the company’s links to China. (WP $)+ Lawmakers are worried its equipment is vulnerable to hacking. (Bloomberg $)2 ICE has proposed building a deportation network in TexasThe 24/7 operation would transfer detained immigrants into holding facilities. (Wired $)+ But US citizens keep being detained, too. (NY Mag $)+ Inside the operation giving ICE a run for its money. (Slate $)+ Another effort to track ICE raids was just taken offline. (MIT Technology Review) 3 Ukrainian drone teams are gamifying their war effortsOfficials say rewarding soldiers for successful attacks keeps them motivated. (NYT $)+ A Peter Thiel-backed drone startup crashed and burned during military trials. (FT $)+ Meet the radio-obsessed civilian shaping Ukraine’s drone defense. (MIT Technology Review) 4 Meta has denied torrenting porn to train its AI modelsInstead, it claims, the downloads were for someone’s “private personal use.” (Ars Technica) 5 Bird flu is getting harder to keep tabs onThe virus has wreaked havoc on the US poultry industry for close to four years. (Vox)+ A new biosensor can detect bird flu in five minutes. (MIT Technology Review)
6 AI browsers are a cybersecurity nightmareThey’re a hotbed of known—and unknown—risks. (The Verge)+ I tried OpenAI’s new Atlas browser but I still don’t know what it’s for. (MIT Technology Review) 7 Robots are starting to do more jobs across AmericaBut they’re still proving buggy and expensive to run. (WSJ $)+ When you might start speaking to robots. (MIT Technology Review)
8 These are the jobs that AI builtFrom conversation designer to adoption strategist. (WP $)+ if you fancy landing a job in quantum computing, here’s how to do it. (IEEE Spectrum) 9 Computer vision is getting much, much better 👀Their blind spots are rapidly being eliminated. (Knowable Magazine) 10 A lock-cracking YouTuber is being sued by a lockmaking company 🔓 It’s arguing he defamed the company, even though he didn’t say a word during the clip. (Ars Technica) Quote of the day “Yes, we’ve been to the Moon before… six times!”
—NASA’s acting administrator Sean Duffy reacts to Kim Kardashian’s belief that man has never set foot on the moon, the Guardian reports. One more thing What happens when you donate your body to science
Rebecca George doesn’t mind the vultures that complain from the trees that surround the Western Carolina University body farm. Her arrival has interrupted their breakfast. George studies human decomposition, and part of decomposing is becoming food. Scavengers are welcome. In the US, about 20,000 people or their families donate their bodies to scientific research and education each year. Whatever the reason, the decision becomes a gift. Western Carolina’s FOREST is among the places where watchful caretakers know that the dead and the living are deeply connected, and the way you treat the first reflects how you treat the second. Read the full story. —Abby Ohlheiser We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.)+ Zoo animals across the world are getting into the Halloween spirit with some tasty pumpkins.+ If you’re stuck for something suitably spooky to watch tonight, this list is a great place to start.+ New York’s historic Morris-Jumel Mansion is seriously beautiful—and seriously haunted.+ Salem’s Lucipurr is on the prowl!

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Here’s why we don’t have a cold vaccine. Yet.

For those of us in the Northern Hemisphere, it’s the season of the sniffles. As the weather turns, we’re all spending more time indoors. The kids have been back at school for a couple of months. And cold germs are everywhere. My youngest started school this year, and along with artwork and seedlings, she has also been bringing home lots of lovely bugs to share with the rest of her family. As she coughed directly into my face for what felt like the hundredth time, I started to wonder if there was anything I could do to stop this endless cycle of winter illnesses. We all got our flu jabs a month ago. Why couldn’t we get a vaccine to protect us against the common cold, too? Scientists have been working on this for decades. It turns out that creating a cold vaccine is hard. Really hard. But not impossible. There’s still hope. Let me explain.
Technically, colds are infections that affect your nose and throat, causing symptoms like sneezing, coughing, and generally feeling like garbage. Unlike some other infections,—covid-19, for example—they aren’t defined by the specific virus that causes them. That’s because there are a lot of viruses that cause colds, including rhinoviruses, adenoviruses, and even seasonal coronaviruses (they don’t all cause covid!). Within those virus families, there are many different variants.
Take rhinoviruses, for example. These viruses are thought to be behind most colds. They’re human viruses—over the course of evolution, they have become perfectly adapted to infecting us, rapidly multiplying in our noses and airways to make us sick. There are around 180 rhinovirus variants, says Gary McLean, a molecular immunologist at Imperial College London in the UK. Once you factor in the other cold-causing viruses, there are around 280 variants all told. That’s 280 suspects behind the cough that my daughter sprayed into my face. It’s going to be really hard to make a vaccine that will offer protection against all of them. The second challenge lies in the prevalence of those variants. Scientists tailor flu and covid vaccines to whatever strain happens to be circulating. Months before flu season starts, the World Health Organization advises countries on which strains their vaccines should protect against. Early recommendations for the Northern Hemisphere can be based on which strains seem to be dominant in the Southern Hemisphere, and vice versa. That approach wouldn’t work for the common cold, because all those hundreds of variants are circulating all the time, says McLean. That’s not to say that people haven’t tried to make a cold vaccine. There was a flurry of interest in the 1960s and ’70s, when scientists made valiant efforts to develop vaccines for the common cold. Sadly, they all failed. And we haven’t made much progress since then. In 2022, a team of researchers reviewed all the research that had been published up to that year. They only identified one clinical trial—and it was conducted back in 1965. Interest has certainly died down since then, too. Some question whether a cold vaccine is even worth the effort. After all, most colds don’t require much in the way of treatment and don’t last more than a week or two. There are many, many more dangerous viruses out there we could be focusing on.

And while cold viruses do mutate and evolve, no one really expects them to cause the next pandemic, says McLean. They’ve evolved to cause mild disease in humans—something they’ve been doing successfully for a long, long time. Flu viruses—which can cause serious illness, disability, or even death—pose a much bigger risk, so they probably deserve more attention. But colds are still irritating, disruptive, and potentially harmful. Rhinoviruses are considered to be the leading cause of human infectious disease. They can cause pneumonia in children and older adults. And once you add up doctor visits, medication, and missed work, the economic cost of colds is pretty hefty: a 2003 study put it at $40 billion per year for the US alone. So it’s reassuring that we needn’t abandon all hope: Some scientists are making progress! McLean and his colleagues are working on ways to prepare the immune systems of people with asthma and lung diseases to potentially protect them from cold viruses. And a team at Emory University has developed a vaccine that appears to protect monkeys from around a third of rhinoviruses. There’s still a long way to go. Don’t expect a cold vaccine to materialize in the next five years, at least. “We’re not quite there yet,” says Michael Boeckh, an infectious-disease researcher at Fred Hutch Cancer Center in Seattle, Washington. “But will it at some point happen? Possibly.” At the end of our Zoom call, perhaps after reading the disappointed expression on my sniffling, cold-riddled face (yes, I did end up catching my daughter’s cold), McLean told me he hoped he was “positive enough.” He admitted that he used to be more optimistic about a cold vaccine. But he hasn’t given up hope. He’s even running a trial of a potential new vaccine in people, although he wouldn’t reveal the details. “It could be done,” he said. This article first appeared in The Checkup, MIT Technology Review’s weekly biotech newsletter. To receive it in your inbox every Thursday, and read articles like this first, sign up here.

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The Download: Introducing: the new conspiracy age

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. Introducing: the new conspiracy age Everything is a conspiracy theory now. Conspiracists are all over the White House, turning fringe ideas into dangerous policy. America’s institutions are crumbling under the weight of deep suspicion and the lasting effects of covid isolation. Online echo chambers are getting harder to escape, and generative AI is altering the fabric of truth. A mix of technology and politics has given an unprecedented boost to once-fringe ideas—but they are pretty much the same fantasies that have been spreading for hundreds of years. MIT Technology Review helps break down how this moment is changing science and technology—and how we can make it through. We’re thrilled to present The New Conspiracy Age, a new series digging into how the present boom in conspiracy theories is reshaping science and technology. 
To kick us off, check out Dorian Lynskey’s fascinating piece explaining why it’s never been easier to be a conspiracy theorist. And stay tuned—we’ll be showcasing a different story from the package each day in the next few editions of The Download!
Four thoughts from Bill Gates on climate tech Bill Gates doesn’t shy away or pretend modesty when it comes to his stature in the climate world today. “Well, who’s the biggest funder of climate innovation companies?” he asked a handful of journalists at a media roundtable event last week. “If there’s someone else, I’ve never met them.” The former Microsoft CEO has spent the last decade investing in climate technology through Breakthrough Energy, which he founded in 2015. Ahead of the UN climate meetings kicking off next week, Gates published a memo outlining what he thinks activists and negotiators should focus on and how he’s thinking about the state of climate tech right now. Here’s what he had to say. —Casey Crownhart This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.

1 US Homeland Security shared false videos of immigration operationsThey claimed to show recent operations but used footage that was old, or recorded thousands of miles away. (WP $)+ ICE is scanning pedestrians’ faces to verify their citizenship. (404 Media) 2 Character.AI is banning under-18s from talking to its virtual companionsIt’s currently facing several lawsuits from families who claim its chatbots have harmed their children. (NYT $)+ The company says it’s introducing age assurance functionality. (FT $)+ Teenage boys are using chatbots to roleplay as girlfriends. (The Guardian)+ The looming crackdown on AI companionship. (MIT Technology Review) 3 Trump directed the Pentagon to resume nuclear weapons testingAmerica hasn’t conducted such tests for more than 30 years. (BBC)+ The US President made multiple incorrect assertions in his statement. (The Verge)+ He doesn’t seem to even know why he wants to resume the tests himself. (The Atlantic $) 4 A Google DeepMind AI model accurately predicted Hurricane Melissa’s severityIt’s the first time the US National Hurricane Center has deployed it. (Nature $)+ Here’s how to actually help the people affected by its extensive damage. (Vox)+ Google DeepMind’s new AI model is the best yet at weather forecasting. (MIT Technology Review) 5 A major record label has signed a deal with AI music firm UdioUniversal Music Group had previously sued it for copyright infringement. (WSJ $)+ AI is coming for music, too. (MIT Technology Review)6 Are companies using AI as a fig leaf to lay workers off?It’s sure starting to look that way. (NBC News)+ Big Tech is going to keep spending billions on AI, regardless. (WP $) 7 Meta Ray-Ban users are filming themselves in massage parlorsThey’re harassing workers, who appear unaware they’re being recorded. (404 Media)+ China’s smart glasses makers are keen to capture the market. (FT $) 8 Just three countries dominate the world’s space launchesWhat will it take to get some other nations in the mix? (Rest of World) 9 Why you shouldn’t hire an AI agentTheir freelancing capabilities are… limited. (Wired $)+ The people paid to train AI are outsourcing their work… to AI. (MIT Technology Review)
10 This app’s AI-generated podcasting dog videos are a big hit 🐶🎙️But DogPack wants to make sure viewers know it’s not trying to trick them. (Insider $)
Quote of the day “Zuck spent five years and $70 billion dollars to build a business that loses $4.4 billion/year to create only $470 million in revenue. So bad you can’t give it away, I guess.” —Greg Linden, a former data scientist at Microsoft, pokes fun at Meta’s beleaguered Reality Labs’ earnings in a post on Bluesky. One more thing How scientists want to make you young againA little over 15 years ago, scientists at Kyoto University in Japan made a remarkable discovery. When they added just four proteins to a skin cell and waited about two weeks, some of the cells underwent an unexpected and astounding transformation: they became young again. They turned into stem cells almost identical to the kind found in a days-old embryo, just beginning life’s journey.At least in a petri dish, researchers using the procedure can take withered skin cells from a 101-year-old and rewind them so they act as if they’d never aged at all.Now, after more than a decade of studying and tweaking so-called cellular reprogramming, a number of biotech companies and research labs say they have tantalizing hints that the process could be the gateway to an unprecedented new technology for age reversal. Read the full story. 
—Antonio Regalado We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + 2025’s Comedy Wildlife Award winners and finalists are classics of the genre.+ This Instagram account shared the same video of Thomas the Tank Engine’s daring railway stunts every day, and I think that’s just beautiful.+ How to get more of that elusive deep sleep.+ Here’s an interesting take on why we still find dragons so fascinating 🐉

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Four thoughts from Bill Gates on climate tech

Bill Gates doesn’t shy away or pretend modesty when it comes to his stature in the climate world today. “Well, who’s the biggest funder of climate innovation companies?” he asked a handful of journalists at a media roundtable event last week. “If there’s someone else, I’ve never met them.” The former Microsoft CEO has spent the last decade investing in climate technology through Breakthrough Energy, which he founded in 2015. Ahead of the UN climate meetings kicking off next week, Gates published a memo outlining what he thinks activists and negotiators should focus on and how he’s thinking about the state of climate tech right now. Let’s get into it.  Are we too focused on near-term climate goals? One of the central points Gates made in his new memo is that he thinks the world is too focused on near-term emissions goals and national emissions reporting. So in parallel with the national accounting structure for emissions, Gates argues, we should have high-level climate discussions at events like the UN climate conference. Those discussions should take a global view on how to reduce emissions in key sectors like energy and heavy industry.
“The way everybody makes steel, it’s the same. The way everybody makes cement, it’s the same. The way we make fertilizer, it’s all the same,” he says. As he noted in one recent essay for MIT Technology Review, he sees innovation as the key to cutting the cost of clean versions of energy, cement, vehicles, and so on. And once products get cheaper, they can see wider adoption.
What’s most likely to power our grid in the future? “In the long run, probably either fission or fusion will be the cheapest way to make electricity,” he says. (It should be noted that, as with most climate technologies, Gates has investments in both fission and fusion companies through Breakthrough Energy Ventures, so he has a vested interest here.) He acknowledges, though, that reactors likely won’t come online quickly enough to meet rising electricity demand in the US: “I wish I could deliver nuclear fusion, like, three years earlier than I can.” He also spoke to China’s leadership in both nuclear fission and fusion energy. “The amount of money they’re putting [into] fusion is more than the rest of the world put together times two. I mean, it’s not guaranteed to work. But name your favorite fusion approach here in the US—there’s a Chinese project.” Can carbon removal be part of the solution? I had my colleague James Temple’s recent story on what’s next for carbon removal at the top of my mind, so I asked Gates if he saw carbon credits or carbon removal as part of the problematic near-term thinking he wrote about in the memo. Gates buys offsets to cancel out his own personal emissions, to the tune of about $9 million a year, he said at the roundtable, but doesn’t expect many of those offsets to make a significant dent in climate progress on a broader scale: “That stuff, most of those technologies, are a complete dead end. They don’t get you cheap enough to be meaningful. “Carbon sequestration at $400, $200, $100, can never be a meaningful part of this game. If you have a technology that starts at $400 and can get to $4, then hallelujah, let’s go. I haven’t seen that one. There are some now that look like they can get to $40 or $50, and that can play somewhat of a role.”  Will AI be good news for innovation?  During the discussion, I started a tally in the corner of my notebook, adding a tick every time Gates mentioned AI. Over the course of about an hour, I got to six tally marks, and I definitely missed making a few. Gates acknowledged that AI is going to add electricity demand, a challenge for a US grid that hasn’t seen net demand go up for decades. But so too will electric cars and heat pumps. 

I was surprised at just how positively he spoke about AI’s potential, though: “AI will accelerate every innovation pipeline you can name: cancer, Alzheimer’s, catalysts in material science, you name it. And we’re all trying to figure out what that means. That is the biggest change agent in the world today, moving at a pace that is very, very rapid … every breakthrough energy company will be able to move faster because of using those tools, some very dramatically.” I’ll add that, as I’ve noted here before, I’m skeptical of big claims about AI’s potential to be a silver bullet across industries, including climate tech. (If you missed it, check out this story about AI and the grid from earlier this year.)  This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here.

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It’s never been easier to be a conspiracy theorist

The timing was eerie. On November 21, 1963, Richard Hofstadter delivered the annual Herbert Spencer Lecture at Oxford University. Hofstadter was a professor of American history at Columbia University who liked to use social psychology to explain political history, the better to defend liberalism from extremism on both sides. His new lecture was titled “The Paranoid Style in American Politics.”  “I call it the paranoid style,” he began, “simply because no other word adequately evokes the qualities of heated exaggeration, suspiciousness, and conspiratorial fantasy that I have in mind.” Then, barely 24 hours later, President John F. Kennedy was assassinated in Dallas. This single, shattering event, and subsequent efforts to explain it, popularized a term for something that is clearly the subject of Hofstadter’s talk though it never actually figures in the text: “conspiracy theory.” This story is part of MIT Technology Review’s series “The New Conspiracy Age,” on how the present boom in conspiracy theories is reshaping science and technology. Hofstadter’s lecture was later revised into what remains an essential essay, even after decades of scholarship on conspiracy theories, because it lays out, with both rigor and concision, a historical continuity of conspiracist politics. “The paranoid style is an old and recurrent phenomenon in our public life which has been frequently linked with movements of suspicious discontent,” he writes, tracing the phenomenon back to the early years of the republic. Though each upsurge in conspiracy theories feels alarmingly novel—new narratives disseminated through new technologies on a new scale—they all conform to a similar pattern. As Hofstadter demonstrated, the names may change, but the fundamental template remains the same. His psychological reading of politics has been controversial, but it is psychology, rather than economics or other external circumstances, that best explains the flourishing of conspiracy theories. Subsequent research has indeed shown that we are prone to perceive intentionality and patterns where none exist—and that this helps us feel like a person of consequence. To identify and expose a secret plot is to feel heroic and gain the illusion of control over the bewildering mess of life. 
Like many pioneering theories exposed to the cold light of hindsight, Hofstadter’s has flaws and blind spots. His key oversight was to downplay  the paranoid style’s role in mainstream politics up to that point and underrate its potential to spread in the future. In 1963, conspiracy theories were still a fringe phenomenon, not because they were inherently unusual but because they had limited reach and were stigmatized by people in power. Now that neither factor holds true, it is obvious how infectious they are. Hofstadter could not, of course, have imagined the information technologies that have become stitched into our lives, nor the fractured media ecosystem of the 21st century, both of which have allowed conspiracist thinking to reach more and more people—to morph, and to bloom like mold. And he could not have predicted that a serial conspiracy theorist would be elected president, twice, and that he would staff his second administration with fellow proponents of the paranoid style. 
But Hofstadter’s concept of the paranoid style remains useful—and ever relevant—because it also describes a way of reading the world. As he put it, “The distinguishing thing about the paranoid style is not that its exponents see conspiracies or plots here or there in history, but they regard a ‘vast’ or ‘gigantic’ conspiracy as the motive force in historical events. History is a conspiracy, set in motion by demonic forces of almost transcendent power, and what is felt to be needed to defeat it is not the usual methods of political give-and-take, but an all-out crusade.” Needless to say, this mystically unified version of history is not just untrue but impossible. It doesn’t make sense on any level. So why has it proved so alluring for so long—and why does it seem to be getting more popular every day? What is a conspiracy theory, anyway?  The first person to define the “conspiracy theory” as a widespread phenomenon was the Austrian-British philosopher Karl Popper, in his 1948 lecture “Towards a Rational Theory of Tradition.” He was not referring to a theory about an individual conspiracy. He was interested in “the conspiracy theory of society”: a particular way of interpreting the course of events.  He later defined it as “the view that an explanation of a social phenomenon consists in the discovery of the men or groups who are interested in the occurrence of this phenomenon (sometimes it is a hidden interest which has first to be revealed), and who have planned and conspired to bring it about.” Take an unforeseen catastrophe that inspires fear, anger, and pain—a financial crash, a devastating fire, a terrorist attack, a war. The conventional historian will try to unpick a tangle of different factors, of which malice is only one, and one that may be less significant than dumb luck. The conspiracist, however, will perceive only sinister calculation behind these terrible events—a fiendishly intricate plot conceived and executed to perfection. Intent is everything. Popper’s observation chimes with Hofstadter’s: “The paranoid’s interpretation of history is … distinctly personal: decisive events are not taken as part of the stream of history, but as the consequences of someone’s will.”
A Culture of ConspiracyMichael BarkunUNIVERSITY OF CALIFORNIA PRESS, 2013 According to Michael Barkun in the 2003 book A Culture of Conspiracy, the conspiracist interpretation of events rests on three assumptions: Everything is connected, everything is premeditated, and nothing is as it seems. Following that third law means that widely accepted and documented history is, by definition, suspect and alternative explanations, however outré, are more likely to be true. As Hannah Arendt wrote in The Origins of Totalitarianism, the purpose of conspiracy theories in 20th-century dictatorships “was always to reveal official history as a joke, to demonstrate a sphere of secret influences in which the visible, traceable, and known historical reality was only the outward façade erected explicitly to fool the people.” (Those dictators, of course, were conspirators themselves, projecting their own love of secret plots onto others.) Still, it’s important to remember that “conspiracy theory” can mean different things. Barkun describes three varieties, nesting like Russian dolls.  The “event conspiracy theory” concerns a specific, contained catastrophe, such as the Reichstag fire of 1933 or the origins of covid-19. These theories are relatively plausible, even if they can not be proved.  The “systemic conspiracy theory” is much more ambitious, purporting to explain numerous events as the poisonous fruit of a clandestine international plot. Far-fetched though they are, they do at least fixate on named groups, whether the Illuminati or the World Economic Forum.  It is increasingly clear that “conspiracy theory” is a misnomer and what we are really dealing with is conspiracy belief. Finally, the “superconspiracy theory” is that impossible fantasy in which history itself is a conspiracy, orchestrated by unseen forces of almost supernatural power and malevolence. The most extreme variants of QAnon posit such a universal conspiracy. It seeks to encompass and explain nothing less than the entire world. These are very different genres of storytelling. If the first resembles a detective story, then the other two are more akin to fables. Yet one can morph into the other. Take the theories surrounding the Kennedy assassination. The first wave of amateur investigators created event conspiracy theories—relatively self-contained plots with credible assassins such as Cubans or the Mafia.  But over time, event conspiracy theories have come to seem parochial. By the time of Oliver Stone’s 1991 movie JFK, once-popular plots had been eclipsed by elaborate fictions of gigantic long-running conspiracies in which the murder of the president was just one component. One of Stone’s primary sources was the journalist Jim Marrs, who went on to write books about the Freemasons and UFOs. 
Why limit yourself to a laboriously researched hypothesis about a single event when one giant, dramatic plot can explain them all?  The theory of everything  In every systemic or superconspiracy theory, the world is corrupt and unjust and getting worse. An elite cabal of improbably powerful individuals, motivated by pure malignancy, is responsible for most of humanity’s misfortunes. Only through the revelation of hidden knowledge and the cracking of codes by a righteous minority can the malefactors be unmasked and defeated. The morality is as simplistic as the narrative is complex: It is a battle between good and evil. Notice anything? This is not the language of democratic politics but that of myth and of religion. In fact, it is the fundamental message of the Book of Revelation. Conspiracist thinking can be seen as an offshoot, often but not always secularized, of apocalyptic Christianity, with its alluring web of prophecies, signs, and secrets and its promise of violent resolution. After studying several millenarian sects for his 1957 book The Pursuit of the Millennium, the historian Norman Cohn itemized some common traits, among them “the megalomaniac view of oneself as the Elect, wholly good, abominably persecuted yet assured of ultimate triumph; the attribution of gigantic and demonic powers to the adversary; the refusal to accept the ineluctable limitations and imperfections of human experience.” Popper similarly considered the conspiracy theory of society “a typical result of the secularization of religious superstition,” adding: “The gods are abandoned. But their place is filled by powerful men or groups … whose wickedness is responsible for all the evils we suffer from.” 
QAnon’s mutation from a conspiracy theory on an internet message board into a movement with the characteristics of a cult makes explicit the kinship between conspiracy theories and apocalyptic religion. This way of thinking facilitates the creation of dehumanized scapegoats—one of the oldest and most consistent features of a conspiracy theory. During the Middle Ages and beyond, political and religious leaders routinely flung the name “Antichrist” at their opponents. During the Crusades, Christians falsely accused Europe’s Jewish communities of collaborating with Islam or poisoning wells and put them to the sword. Witch-hunters implicated tens of thousands of innocent women in a supposed satanic conspiracy that was said to explain everything from illness to crop failure. “Conspiracy theories are, in the end, not so much an explanation of events as they are an effort to assign blame,” writes Anna Merlan in the 2019 book Republic of Lies. Republic of Lies: American Conspiracy Theorists and Their Surprising Rise to PowerAnna MerlanMETROPOLITAN PUBLISHERS, 2019 But the systemic conspiracy theory as we know it—that is, the ostensibly secular variety—was established three centuries later, with remarkable speed. Some horrified opponents of the French Revolution could not accept that such an upheaval could be simply a popular revolt and needed to attribute it to sinister, unseen forces. They settled on the Illuminati, a Bavarian secret society of Enlightenment intellectuals influenced in part by the rituals and hierarchy of Freemasonry.  The group was founded by a young law professor named Adam Weishaupt, who used the alias Brother Spartacus. In reality, the Illuminati were few in number, fractious, powerless, and, by the time of the revolution in 1789, defunct. But in the imaginations of two influential writers who published “exposés” of the Illuminati in 1797—Scotland’s John Robison and France’s Augustin Barruel—they were everywhere. Each man erected a wobbling tower of wild supposition and feverish nonsense on a platform of plausible claims and verifiable facts. Robison alleged that the revolution was merely part of “one great and wicked project” whose ultimate aim was to “abolish all religion, overturn every government, and make the world a general plunder and a wreck.”   The Illuminati’s bogeyman status faded during the 19th century, but the core narrative persisted and proceeded to underpin the notorious hoax The Protocols of the Elders of Zion, first published in a Russian newspaper in 1903. The document’s anonymous author reinvented antisemitism by grafting it onto the story of the one big plot and positing Jews as the secret rulers of the world. In this account, the Elders orchestrate every war, recession, and so on in order to destabilize the world to the point where they can impose tyranny.  You might ask why, if they have such world-bending power already, they would require a dictatorship. You might also wonder how one group could be responsible for both communism and monopoly capitalism, anarchism and democracy, the theory of evolution, and much more besides. But the vast, self-contradicting incoherence of the plot is what made it impossible to disprove. Nothing was ruled out, so every development could potentially be taken as evidence of the Elders at work.
In 1921, the Protocols were exposed as what the London Times called a “clumsy forgery,” plagiarized from two obscure 19th-century novels, yet they remained the key text of European antisemitism—essentially “true” despite being demonstrably false. “I believe in the inner, but not the factual, truth of the Protocols,” said Joseph Goebbels, who would become Hitler’s minister of propaganda. In Mein Kampf, Hitler claimed that efforts to debunk the Protocols were actually “evidence in favor of their authenticity.” He alleged that Jews, if not stopped, would “one day devour the other nations and become lords of the earth.” Popper and Hofstadter both used the Holocaust as an example of what happens when a conspiracy theorist gains power and makes the paranoid style a governing principle. STEPHANIE ARNETT/MIT TECHNOLOGY REVIEW | PUBLIC DOMAIN The prominent role of Jewish Bolsheviks like Leon Trotsky and Grigory Zinoviev in the Russian Revolution of 1917 enabled a merger of antisemitism and anticommunism that survived the fascist era. Cold War red-baiters such as Senator Joseph McCarthy and the John Birch Society assigned to communists uncanny degrees of malice and ubiquity, far beyond the real threat of Soviet espionage. In fact, they presented this view as the only logical one. McCarthy claimed that a string of national security setbacks could be explained only if George C. Marshall, the secretary of defense and former secretary of state, was literally a Soviet agent. “How can we account for our present situation unless we believe that men high in this government are concerting to deliver us to disaster?” he asked in 1951. “This must be the product of a great conspiracy so immense as to dwarf any previous such venture in the history of man.”
This continuity between antisemitism, anticommunism, and 18th-century paranoia about secret societies isn’t hard to see. General Francisco Franco, Spain’s right-wing dictator, claimed to be fighting a “Judeo-Masonic-Bolshevik” conspiracy. The Nazis persecuted Freemasons alongside Jews and communists. Nesta Webster, the British fascist sympathizer who laundered the Protocols through the British press, revived interest in Robison and Barruel’s books about the Illuminati, which the pro-Nazi Baptist preacher Gerald Winrod then promoted in the US. Even Winston Churchill was briefly persuaded by Webster’s work, citing it in his claims of a “world-wide conspiracy for the overthrow of civilization … from the days of Spartacus-Weishaupt to the days of Karl Marx.” To follow the chain further, Webster and Winrod’s stew of anticommunism, antisemitism, and anti-Illuminati conspiracy theories influenced the John Birch Society, whose publications would light a fire decades later under the Infowars founder Alex Jones, perhaps the most consequential conspiracy theorist of the early 21st century.  The villains behind the one big plot might be the Illuminati, the Elders of Zion, the communists, or the New World Order, but they are always essentially the same people, aspiring to officially dominate a world that they already secretly control. The names can be swapped around without much difficulty. While Winrod maintained that “the real conspirators behind the Illuminati were Jews,” the anticommunist William Guy Carr conversely argued that antisemitic paranoia “plays right into the hands of the Illuminati.” These days, it might be the World Economic Forum or George Soros; liberal internationalists with aspirations to change the world are easily cast as the new Illuminati, working toward establishing one world government. Finding connection The main reason that conspiracy theorists have lost interest in the relatively hard work of micro-conspiracies in favor of grander schemes is that it has become much easier to draw lines between objectively unrelated people and events. Information technology is, after all, also misinformation technology. That’s nothing new.  The witch craze could not have traveled as far or lasted as long without the printing press. Malleus Maleficarum (Hammer of the Witches), a 1486 screed by the German witch-hunter Heinrich Kramer, became the best-selling witch-hunter’s handbook, going through 28 editions by 1600. Similarly, it was the books and pamphlets “exposing” the Illuminati that allowed those ideas to spread everywhere following the French Revolution. And in the early 20th century, the introduction of the radio facilitated fascist propaganda. During the 1930s, the Nazi-sympathizing Catholic priest and radio host Charles Coughlin broadcast his antisemitic conspiracy theories to tens of millions of Americans on dozens of stations.  The internet has, of course, vastly accelerated and magnified the spread of conspiracy theories. It is hard to recall now, but in the early days it was sweetly assumed that the internet would improve the world by democratizing access to information. While this initial idealism survives in doughty enclaves such as Wikipedia, most of us vastly underestimated the human appetite for false information that confirms the consumer’s biases. Politicians, too, were slow to recognize the corrosive power of free-flowing conspiracy theories. For a long time, the more fantastical assertions of McCarthy and the Birchers were kept at arm’s length from the political mainstream, but that distance began to diminish rapidly during the 1990s, as right-wing activists built a cottage industry of outrageous claims about Bill and Hillary Clinton to advance the idea that they were not just corrupt or dishonest but actively evil and even satanic. This became an article of faith in the information ecosystem of internet message boards and talk radio, which expanded over time to include Fox News, blogs, and social media. So when Democrats nominated Hillary Clinton in 2016, a significant portion of the American public saw a monster at the heart of an organized crime ring whose activities included human trafficking and murder. Nobody could make the same mistake about misinformation today. One could hardly design a more fertile breeding ground for conspiracy theories than social media. The algorithms of YouTube, Facebook, TikTok, and X, which operate on the principle that rage is engaging, have turned into radicalization machines. When these platforms took off during the second half of the 2010s, they offered a seamless system in which people were able to come across exciting new information, share it, connect it to other strands of misinformation, and weave them into self-contained, self-affirming communities, all without leaving the house.
It’s not hard to see how the problem will continue to grow as AI burrows ever deeper into our everyday lives. Elon Musk has tinkered with the AI chatbot Grok to produce information that conforms to his personal beliefs rather than to actual facts. This outcome does not even have to be intentional. Chatbots have been shown to validate and intensify some users’ beliefs, even if they’re rooted in paranoia or hubris. If you believe that you’re the hero in an epic battle between good and evil, then your chatbot is inclined to agree with you. It’s all this digital noise that has brought about the virtual collapse of the event conspiracy theory. The industry produced by the JFK assassination may have been pseudo-scholarship, but at least researchers went through the motions of scrutinizing documents, gathering evidence, and putting forward a somewhat consistent hypothesis. However misguided the conclusions, that kind of conspiracy theory required hard work and commitment.  CARL MYDANS/THE LIFE PICTURE COLLECTION/SHUTTERSTOCK Today’s online conspiracy theorists, by contrast, are shamelessly sloppy. Events such as the attack on Paul Pelosi, husband of former US House Speaker Nancy Pelosi, in October 2022, or the murders of Minnesota House speaker Melissa Hortman and her husband Mark in June 2025, or even more recently the killing of Charlie Kirk, have inspired theories overnight, which then evaporate just as quickly. The point of such theories, if they even merit that label, is not to seek the truth but to defame political opponents and turn victims into villains. Before he even ran for office, Trump was notorious for promoting false stories about Barack Obama’s birthplace or vaccine safety. Heir to Joseph McCarthy, Barry Goldwater, and the John Birch Society, he is the lurid incarnation of the paranoid style. He routinely damns his opponents as “evil” or “very bad people” and speaks of America’s future in apocalyptic terms. It is no surprise, then, that every member of the administration must subscribe to Trump’s false claim that the 2020 election was stolen from him, or that celebrity conspiracy theorists are now in charge of national intelligence, public health, and the FBI. Former Democrats who hold such roles, like Tulsi Gabbard and Robert F. Kennedy Jr., have entered Trump’s orbit through the gateway of conspiracy theories. They illustrate how this mindset can create counterintuitive alliances that collapse conventional political distinctions and scramble traditional notions of right and left.  The antidemocratic implications of what’s happening today are obvious. “Since what is at stake is always a conflict between absolute good and absolute evil, the quality needed is not a willingness to compromise but the will to fight things out to the finish,” Hofstadter wrote. “Nothing but complete victory will do.”  Meeting the moment It’s easy to feel helpless in the face of this epistemic chaos. Because one other foundational feature of religious prophecy is that it can be disproved without being discredited: Perhaps the world does not come to an end on the predicted day, but that great day will still come. The prophet is never wrong—he is just not proven right yet.  The same flexibility is enjoyed by systemic conspiracy theories. The plotters never actually succeed, nor are they ever decisively exposed, yet the theory remains intact. Recently, claims that covid-19 was either exaggerated or wholly fabricated in order to crush civil liberties did not wither away once lockdown restrictions were lifted. Surely the so-called “plandemic” was a complete disaster? No matter. This type of conspiracy theory does not have to make sense. Scholars who have attempted to methodically repudiate conspiracy theories about the 9/11 attacks or the JFK assassination have found that even once all the supporting pillars have been knocked away, the edifice still stands. It is increasingly clear that “conspiracy theory” is a misnomer and what we are really dealing with is conspiracy belief—as Hofstadter suggested, a worldview buttressed with numerous cognitive biases and impregnable to refutation. As Goebbels implied, the “factual truth” pales in comparison to the “inner truth,” which is whatever somebody believes it be. But at the very least, what we can do is identify the entirely different realities constructed by believers and recognize and internalize their common roots, tropes, and motives.  Those different realities, after all, have proved remarkably consistent in shape if not in their details. What we saw then, we see now. The Illuminati were Enlightenment idealists whose liberal agenda to “dispel the clouds of superstition and of prejudice,” in Weishaupt’s words, was demonized as wicked and destructive. If they could be shown to have fomented the French Revolution, then the whole revolution was a sham. Similarly, today’s radical right recasts every plank of progressive politics as an anti-American conspiracy. The far-right Great Replacement Theory, for instance, posits that immigration policy is a calculated effort by elites to supplant the native population with outsiders. This all flows directly from what thinkers such as Hofstadter, Popper, and Arendt diagnosed more than 60 years ago.  What is dangerously novel, at least in democracies, is conspiracy theories’ ubiquity, reach, and power to affect the lives of ordinary citizens. So understanding the paranoid style better equips us to counteract it in our daily existence. At minimum, this knowledge empowers us to spot the flaws and biases in our own thinking and stop ourselves from tumbling down dangerous rabbit holes.  The Paranoid Style in American Politics and Other EssaysRichard HofstadterVINTAGE BOOKS, 1967 On November 18, 1961, President Kennedy—almost exactly two years before Hofstadter’s lecture and his own assassination—offered his own definition of the paranoid style in a speech to the Democratic Party of California. “There have always been those on the fringes of our society who have sought to escape their own responsibility by finding a simple solution, an appealing slogan, or a convenient scapegoat,” he said. “At times these fanatics have achieved a temporary success among those who lack the will or the wisdom to face unpleasant facts or unsolved problems. But in time the basic good sense and stability of the great American consensus has always prevailed.”  We can only hope that the consensus begins to see the rolling chaos and naked aggression of Trump’s two administrations as weighty evidence against the conspiracy theory of society. The notion that any group could successfully direct the larger mess of this moment in the world, let alone the course of history for decades, undetected, is palpably absurd. The important thing is not that the details of this or that conspiracy theory are wrong; it is that the entire premise behind this worldview is false.  Not everything is connected, not everything is premeditated, and many things are in fact just as they seem.  Dorian Lynskey is the author of several books, including The Ministry of Truth: The Biography of George Orwell’s 1984 and Everything Must Go: The Stories We Tell About the End of the World. He cohosts the podcast Origin Story and co-writes the Origin Story books with Ian Dunt. 

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Energy Department Announces $100 Million to Restore America’s Coal Plants

WASHINGTON— The U.S. Department of Energy (DOE) today issued a Notice of Funding Opportunity (NOFO) for up to $100 million in federal funding to refurbish and modernize the nation’s existing coal power plants. It follows the Department’s September announcement of its intent to invest $625 million to expand and reinvigorate America’s coal industry. The effort will support practical, high-impact projects that improve efficiency, plant lifetimes, and performance of coal and natural gas use. “For years, the Biden and Obama administrations relentlessly targeted America’s coal industry and workers, resulting in the closure of reliable power plants and higher electricity costs,” said U.S. Secretary of Energy Chris Wright. “Thankfully, President Trump has ended the war on American coal and is restoring common sense energy policies that put Americans first. These projects will help keep America’s coal plants operating and ensure the United States has the reliable and affordable power it needs to keep the lights on and power our future.” This effort supports President Trump’s Executive Orders, Reinvigorating America’s Beautiful Clean Coal Industry and Strengthening the Reliability and Security of the United States Electric Grid, and advances his commitment to restore U.S. energy dominance. This NOFO seeks applications for projects to design, implement, test, and validate three strategic opportunities for refurbishment and retrofit of existing American coal power plants to make them operate more efficiently, reliably, and affordably: Development, engineering, and implementation of advanced wastewater management systems capable of cost-effective water recovery and other value-added byproducts from wastewater streams. Engineering, design, and implementation of retrofit systems that enable fuel switching between coal and natural gas without compromising critical operational parameters. Deployment, engineering, and implementation of advanced coal-natural gas co-firing systems and system components, including highly fuel-flexible burner designs and advanced control systems, to maximize gas co-firing capacity to provide a low cost retrofit option for coal plants while minimizing efficiency penalties. DOE’s National Energy

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Here’s the latest company planning for gene-edited babies

A West Coast biotech entrepreneur says he’s secured $30 million to form a public-benefit company to study how to safely create genetically edited babies, marking the largest known investment into the taboo technology.   The new company, called Preventive, is being formed to research so-called “heritable genome editing,” in which the DNA of embryos would be modified by correcting harmful mutations or installing beneficial genes. The goal would be to prevent disease. Preventive was founded by the gene-editing scientist Lucas Harrington, who described his plans yesterday in a blog post announcing the venture. Preventive, he said, will not rush to try out the technique but instead will dedicate itself “to rigorously researching whether heritable genome editing can be done safely and responsibly.” Creating genetically edited humans remains controversial, and the first scientist to do it, in China, was imprisoned for three years. The procedure remains illegal in many countries, including the US, and doubts surround its usefulness as a form of medicine.
Ask AIWhy it matters to you?BETAHere’s why this story might matter to you, according to AI. This is a beta feature and AI hallucinates—it might get weirdTell me why it matters Still, as gene-editing technology races forward, the temptation to shape the future of the species may prove irresistible, particularly to entrepreneurs keen to put their stamp on the human condition. In theory, even small genetic tweaks could create people who never get heart disease or Alzheimer’s, and who would pass those traits on to their own offspring. According to Harrington, if the technique proves safe, it “could become one of the most important health technologies of our time.” He has estimated that editing an embryo would cost only about $5,000 and believes regulations could change in the future. 
Preventive is the third US startup this year to say it is pursuing technology to produce gene-edited babies. The first, Bootstrap Bio, based in California, is reportedly seeking seed funding and has an interest in enhancing intelligence. Another, Manhattan Genomics, is also in the formation stage but has not announced funding yet. As of now, none of these companies have significant staff or facilities, and they largely lack any credibility among mainstream gene-editing scientists. Reached by email, Fyodor Urnov, an expert in gene editing at the University of California, Berkeley, where Harrington studied, said he believes such ventures should not move forward. Urnov has been a pointed critic of the concept of heritable genome editing, calling it dangerous, misguided, and a distraction from the real benefits of gene editing to treat adults and children.  In his email, Urnov said the launch of still another venture into the area made him want to “howl with pain.”   Harrinton’s venture was incorporated in Delaware in May 2025,under the name Preventive Medicine PBC. As a public-benefit corporation, it is organized to put its public mission above profits. “If our research shows [heritable genome editing] cannot be done safely, that conclusion is equally valuable to the scientific community and society,” Harrington wrote in his post. Harrington is a cofounder of Mammoth Biosciences, a gene-editing company pursuing drugs for adults, and remains a board member there. In recent months, Preventive has sought endorsements from leading figures in genome editing, but according to its post, it had secured only one—from Paula Amato, a fertility doctor at Oregon Health Sciences University, who said she had agreed to act as an advisor to the company. Amato is a member of a US team that has researched embryo editing in the country since 2017, and she has promoted the technology as a way to increase IVF success. That could be the case if editing could correct abnormal embryos, making more available for use in trying to create a pregnancy.

It remains unclear where Preventive’s funding is coming from. Harrington said the $30 million was gathered from “private funders who share our commitment to pursuing this research responsibly.” But he declined to identify those investors other than SciFounders, a venture firm he runs with his personal and business partner Matt Krisiloff, the CEO of the biotech company Conception, which aims to create human eggs from stem cells. That’s yet another technology that could change reproduction, if it works. Krisiloff is listed as a member of Preventive’s founding team. The idea of edited babies has received growing attention from figures in the cryptocurrency business. These include Brian Armstrong, the billionaire founder of Coinbase, who has held a series of off-the-record dinners to discuss the technology (which Harrington attended). Armstrong previously argued that the “time is right” for a startup venture in the area. Will Harborne, a crypto entrepreneur and partner at LongGame Ventures, says he’s “thrilled” to see Preventive launch. If the technology proves safe, he argues, “widespread adoption is inevitable,” calling its use a “societal obligation.” Harborne’s fund has invested in Herasight, a company that uses genetic tests to rank IVF embryos for future IQ and other traits. That’s another hotly debated technology, but one that has already reached the market, since such testing isn’t strictly regulated. Some have begun to use the term “human enhancement companies” to refer to such ventures. What’s still lacking is evidence that leading gene-editing specialists support these ventures. Preventive was unsuccessful in establishing a collaboration with at least one key research group, and Urnov says he had harsh words for Manhattan Genomics when that company reached out to him about working together. “I encourage you to stop,” he wrote back. “You will cause zero good and formidable harm.” Harrington thinks Preventive could change such attitudes, if it shows that it is serious about doing responsible research. “Most scientists I speak with either accept embryo editing as inevitable or are enthusiastic about the potential but hesitate to voice these opinions publicly,” he told MIT Technology Review earlier this year. “Part of being more public about this is to encourage others in the field to discuss this instead of ignoring it.”

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USA Energy Sec Says Goal Is for Canada Trade Talks to Resume

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

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Trump Says Canada Trade Talks Won’t Resume, Contradicting Energy Sec

(Update) October 31, 2025, 4:18 PM GMT: Adds comments from President Trump, starting in the first paragraph. US President Donald Trump said he received an apology from Canadian Prime Minister Mark Carney over a television ad that opposed tariffs, but suggested that trade talks between the two countries won’t restart.  Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship. I like him a lot, but you know, what they did was wrong. He was very nice. He apologized for what they did with the commercial.”  Earlier Friday, US Energy Secretary Chris Wright said the goal is for the US and Canada to return to the table after talks broke off last week, and for the countries to cooperate more closely on oil, gas and critical minerals. There has been friction in the talks between Canada and the US “for some good reasons,” Wright told reporters at the Group of Seven energy and environment ministers’ meeting in Toronto on Friday. Trump called off the negotiations last week after the province of Ontario aired an anti-tariff advertisement in the US that drew from a 1987 radio address by former President Ronald Reagan. Trump also threatened an additional 10% tariff on Canada. Before the breakdown, Carney said the two countries had been progressing on a deal on steel and aluminum sectoral tariffs, as well as energy. Carney had pitched Trump on reviving the Keystone XL pipeline project. “Unfortunately we’ve had some bumps on the road,” Wright said. “I would say the goal is to bring those back together and I think to see cooperation between the United States and Canada across critical minerals, across oil and gas.” Trump has also said recently that he’s satisfied with

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Exxon and Chevron Top Estimates With Oil Output Increases

Exxon Mobil Corp. and Chevron Corp. outperformed Wall Street expectations after new oilfield projects and acquisitions boosted crude output. Exxon’s adjusted third-quarter profit per-share was 7 cents higher than analysts forecast, while Chevron posted an almost 20-cent surprise on Friday. For Exxon, it was the sixth consecutive beat, buoyed by the startup of the explorer’s latest Guyana development. Chevron rose as much as 3.1% in New York. Exxon, meanwhile, dipped as much as 1.5% after a spate of acquisitions during the period pressured free cash flow. North America’s largest oil companies are pursuing divergent paths as global oil markets slip into what is widely expected to be a hefty supply glut. As Exxon presses head with a raft of expansion projects despite slumping crude prices, Chevron is positioning itself to wring cash from operations to weather the market downturn. This is all happening against the backdrop of efforts by the OPEC+ alliance to recapture market share by unleashing more crude onto global markets. Brent crude, the international benchmark, already is on pace for its worst annual decline in half a decade. The US supermajors followed European rival Shell Plc in posting stronger-than-expected results. TotalEnergies SE reported profit that was in-line with expectations. BP Plc is scheduled to disclose results next week. For Exxon, eight of the 10 new developments slated for this year have already started up and the remaining two are “on track,” Chief Executive Officer Darren Woods said in a statement.  Woods is betting Exxon’s low debt level means he has ample capacity to fund growth projects that span from crude in Brazil to chemicals in China while maintaining a $20 billion annual buyback program despite weak oil prices. His goal is to be ready to capitalize on an upturn in commodity prices, which analysts say could come

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Data centers as engines of economic growth

Jeff Jakubiak is a partner at Vinson & Elkins and practices in the firm’s energy regulation group. The electric utility sector has long been shaped by the steady hand of regulation. For decades, utility commissions have balanced the needs of reliability, affordability and fairness against the realities of capital investment and technological change. But today, we stand at a critical inflection point. A new class of energy consumers — data centers — has emerged not just as a high-demand load, but as a catalyst for broader economic growth. Yet, the mindset of many regulatory commissions remains anchored in the past, viewing their role as one of limiting costs rather than proactively enabling investment. That mindset needs to change. Commissions should think of themselves not only as regulators but as economic developers, fostering an environment in which the power system propels business investments that strengthen communities and drive innovation.  In doing so, commissions should permit utilities to recover costs of grid investments that promote economic development, not merely investments undertaken in response to specific requests for electric service. The data center demand surge In every corner of the country, data centers are reshaping energy demand. Artificial intelligence, cloud computing and the digital economy have converged to create an unprecedented need for power-hungry facilities. New projects routinely propose loads exceeding 50, 100 or even 300 MW. This is not a temporary surge — it is a long-term structural shift in electricity demand. The scale of this growth is striking. Global data center power capacity is projected to more than triple — from 81 GW in 2024 to 277 GW by 2035, according to BloombergNEF. For states and regions competing for economic development, data centers offer more than just power loads. They bring high-value jobs, local tax revenues, and the multiplier effect of attracting

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