Solar Pioneer Shah to Start Firm Advising Green Startups
Shah, a clean energy entrepreneur and investor, announced Tuesday at the BloombergNEF Summit in New York that he will be partnering with Jonathan Silver, who was an executive director for the loan program at the Energy Department under the Obama Administration.
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New York Times
7 hours ago
- New York Times
E.P.A. Is Said to Draft a Plan to End Its Ability to Fight Climate Change
The Trump administration has drafted a plan to repeal a fundamental scientific finding that gives the United States government its authority to regulate greenhouse-gas emissions and fight climate change, according to two people familiar with the plan. The proposed Environmental Protection Agency rule rescinds a 2009 declaration known as the 'endangerment finding,' which scientifically established that greenhouse gases like carbon dioxide and methane endanger human lives. That finding is the foundation of the federal government's only tool to limit the climate pollution from vehicles, power plants and other industries that is dangerously heating the planet. The E.P.A. proposal, which is expected to be made public within days, also calls for rescinding limits on tailpipe emissions that were designed to encourage automakers to build and sell more electric vehicles. Those regulations, which were based on the endangerment finding, were a fundamental part of the Biden administration's efforts to move the country away from gasoline-powered vehicles. The transportation sector is the largest source of greenhouse gas emissions in the United States. The E.P.A. intends to argue that imposing climate regulations on automakers poses the real harm to human health because it would lead to higher prices and reduced consumer choice, according to the two people familiar with the administration's plan. They asked to remain anonymous because they weren't authorized to discuss the draft proposal. The draft proposal could still undergo changes. But if it is approved by the White House and formally released, the public would have an opportunity to weigh in before it is made final, likely later this year. Want all of The Times? Subscribe.
Yahoo
9 hours ago
- Yahoo
US Nuclear Weapons Agency Breached in Microsoft SharePoint Hack
(Bloomberg) -- The US agency responsible for maintaining and designing the nation's cache of nuclear weapons was among those breached by a hack of Microsoft Corp.'s SharePoint document management software, according to a person with knowledge of the matter. Why the Federal Reserve's Building Renovation Costs $2.5 Billion Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital No sensitive or classified information is known to have been compromised in the attack on the National Nuclear Security Administration, said the person, who wasn't authorized to speak publicly and asked not to be identified. The semiautonomous arm of the Energy Department is responsible for producing and dismantling nuclear arms. Other parts of the department were also compromised. The agency referred questions about the attack to the Energy Department. 'On Friday, July 18th, the exploitation of a Microsoft SharePoint zero-day vulnerability began affecting the Department of Energy,' an agency spokesman said in an email. 'The department was minimally impacted due to its widespread use of the Microsoft M365 cloud and very capable cybersecurity systems. A very small number of systems were impacted. All impacted systems are being restored.' The NNSA has a broad mission, which includes providing the Navy with nuclear reactors for submarines and responding to radiological emergencies, among other duties. The agency also plays a key role in counterterrorism and transporting nuclear weapons around the country. Hackers were able to breach the agency as part of a 2020 attack on a widely used software program from SolarWinds Corp. A department spokesperson said then that malware had 'been isolated to business networks only.' Microsoft has blamed Chinese state-sponsored hackers for the attacks, which exploited flaws in its commonly used SharePoint document management software in a campaign that has breached governments, businesses and other organizations around the world. In some instances, the hackers have stolen sign-in credentials, including usernames, passwords, hash codes and tokens, Bloomberg reported earlier. In addition to the Energy Department, the hackers have broken into systems belonging to national governments in Europe and the Middle East, the US Education Department, Florida's Department of Revenue and the Rhode Island General Assembly. The full extent of the damage isn't yet clear. The flaws apply to SharePoint customers who manage the software on their own networks, as opposed to on the cloud. Microsoft, in a blog post Tuesday, identified two groups supported by the Chinese government, Linen Typhoon and Violet Typhoon, as leveraging flaws in the SharePoint software. Another hacking group based in China, which Microsoft calls Storm-2603, also exploited the SharePoint vulnerabilities, according to the blog. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hill
13 hours ago
- The Hill
Education Department pauses student loan forgiveness under IBR plan
The Education Department has paused student loan forgiveness under the Income-Based Repayment (IBR) plan without a clear timeline of when it might resume. The department argues any IBR forbearances were impacted by ongoing court action. 'The Department has temporarily paused discharges for IBR borrowers in order to comply with ongoing court injunctions regarding the Biden Administration's illegal attempts at student loan forgiveness. The Department's SAVE rule provided the authority to count forbearances in IBR toward loan forgiveness, but that rule has been enjoined,' said Ellen Keast, deputy press secretary for the department. 'Legal IBR discharges will resume as soon as the Department is able to establish the correct payment count. For any borrower that makes a payment after the date of borrower eligibility, the Department will refund overpayments when the discharges resume,' she added. The Department of Education is working through a court's injunction after the Biden administration's Saving on Valuable Education (SAVE) plan was ruled illegal. The agency argues that while the case did not impact forgiveness under IBR, what type of forbearances would count for loan discharges were. IBR allows individuals to make payments based on income and family size, receiving forgiveness after 20 to 25 years of consecutive payments. The department has encouraged individuals to join this plan as it shuts down the SAVE option. Those on SAVE will see interest accrual restart at the beginning of August and be kicked off the plan entirely in the following year.
