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Daily Mail
15-07-2025
- Business
- Daily Mail
Rising Democratic star takes swipe at JD Vance as sparks fly ahead of potential 2028 matchup
Pennsylvania Gov. Josh Shapiro on Tuesday took a swipe at Vice President JD Vance - previewing a possible 2028 match-up. Shapiro, a popular Democrat who's among the top names floated as a viable future White House hopeful, was in Pittsburgh attending the Pennsylvania Energy and Innovation Summit, headlined by President Donald Trump. Vance is headed to Pennsylvania Wednesday to tout the 'big, beautiful bill,' which Trump signed into law on the Fourth of July. The vice president is also considered a top pick for the 2028 GOP nomination. Shapiro told the Daily Mail in a gaggle with reporters that he's been very clear about the so-called 'big, beautiful bill.' 'I think it's going to hurt Pennsylvania,' he said. 'I think it's a bill that's going to take us back. I'm also just deeply concerned about the $3.4 trillion that they're adding to the debt.' Vance will travel to West Pittson in the commonwealth's northeast Luzerne County, where he's expected to hold a rally-like event at a manufacturing facility. 'For someone who's preached a long time about the deficit, this takes us the wrong way,' Shapiro said of Vance and his backing of BBB. 'So I don't know what the vice president's going to say, but I think it's hypocrisy given what his record is and what this bill actually does.' The Pennsylvania Democrat also noted how Vance 'professes to care about the middle class and working class' and the 'big, beautiful bill' includes cuts to programs including Medicaid. Shapiro was more diplomatic earlier when he was seated alongside Pennsylvania's Republican Sen. Dave McCormick, who put together the Tuesday's summit, held on the campus of Carnegie Mellon University. The governor and McCormick were commended by Penn State President Dr. Neeli Bendapudi for working in a bipartisan manner and asked if they had 'any pointers on how you build that culture?' 'We've got profound differences,' Shapiro said. 'We're honest about differing on the bill that was just passed, the reconciliation bill that was just passed last week, but we also understand how critically important it is to grow our economy in Pennsylvania, this unique moment we are in right now.' 'And the senator knows I bring certain tools to the conversation that he doesn't bring, and I know he brings certain tools to the conversation that I don't bring,' the Democrat continued. 'And if actually work together, one plus one starts to equal three instead of two.' Shapiro said that he and McCormick, who beat longtime Pennsylvania Democratic Sen. Bob Casey in last year's election, are honest about their differences. 'We try and do so in a private way and in a respectful way. I think we need to find more ways to disagree respectfully in this country, like candidly,' Shapiro continued. 'And I think, you know, hopefully this can be a model for others.' Another speaker at the conference, former Texas Gov. Rick Perry, who served as Trump's energy secretary during the president's first term, was also willing to deliver a compliment across the aisle. Perry, who was being interviewed by journalist and author Salena Zito, first took aim at another possible 2028 Democratic hopeful - California Gov. Gavin Newsom. 'Gavin Newsom came to see me when he was lieutenant governor, trying to have a conversation about, "How are you getting all of our businesses out of California to come to Texas?"' Perry recalled. 'And I told him ... this isn't rocket science, I said, this is really pretty easy. Don't over-tax, don't over-regulate, don't over-litigate and have a skilled workforce, which basically transfers into accountable public schools,' Perry continued. 'Those are the four things I said, then get out of the way.' 'Now thinking Gavin wasn't listening too good,' Perry said to laughs. The former Texas governor said he was just kidding. 'No you're not,' Zito shot back. 'But my point is, Gov. Shapiro understands that,' Perry said.
India Gazette
13-07-2025
- Business
- India Gazette
MP CM Yadav calls on Speaker of Arab Parliament, invites him to attend upcoming Energy Summit
Dubai [UAE], July 13 (ANI): During his visit to Dubai, Chief Minister of Madhya Pradesh, Mohan Yadav on Sunday called on Mohammed Al Yammahi, Speaker of the Arab Parliament. On the occasion, he shared information about Madhya Pradesh's industry-friendly, simple, and accessible policies and facilities that promote investment and invited Al Yammahi to attend the upcoming Energy Summit in Madhya Pradesh. In a post on X, he said, 'During the Dubai visit, I had a courtesy meeting with Mr. Mohammad Al Yamahi, the Speaker of the Arab Parliament. On this occasion, I shared information about Madhya Pradesh's industry-friendly, simple, and accessible policies and the facilities that promote investment. I also extended an invitation to Mr. Mohammad Al Yamahi to participate in the upcoming Energy Summit to be held in Madhya Pradesh. In the context of the growing strategic relations with the United Arab Emirates, I highlighted Madhya Pradesh's active and constructive role and reiterated the intent for cooperation in the fields of energy, minerals, logistics, food processing, and green investment. I also expressed hope that Madhya Pradesh will become an active and significant partner in these bilateral partnerships.' Yadav congratulated Indians working in Dubai for strengthening the relations between both countries. He is in the UAE to meet investors, entrepreneurs, and experts and to introduce them to the possibilities of Madhya Pradesh, under the 'Global Dialogue 2025'. The Indian diaspora in Dubai welcomed Yadav on Sunday upon his arrival at Dubai. In a post on X, he said, 'Indians in Dubai have carved a unique identity through their hard work, culture, and values. Today, during my UAE visit, meeting Indian brothers, sisters, and youth at the Taj Hotel in Dubai has filled my heart with joy. Heartfelt gratitude for all your warmth!' As part of MP Global Dialogue 2025, Yadav received a warm welcome in Dubai from the Indian diaspora, including Jitendra Vaidya, President IPF UAE and was greeted by Satish Kumar Sivan, Consul General of India to Dubai marking the beginning of his UAE visit to promote investment in Madhya Pradesh. CM Yadav is in Dubai for Global Dialogue 2025. (ANI)
The Star
28-06-2025
- Business
- The Star
Chinese energy firms say Brazil must clarify rules or face loss of investments
Senior Chinese energy executives have called on Brazil to fix its regulatory framework and provide long-term predictability, warning that delays could hamper billions of dollars in green investment. The requests for transparency came on Thursday during a panel discussion at the Energy Summit in Rio de Janeiro, where representatives from the State Power Investment Corporation (SPIC) and China Energy Engineering Corporation (CEEC) said that Brazil risked falling behind unless it acted quickly to clarify rules for energy storage and long-term concessions. China has become one of Brazil's biggest energy investors, pouring US$1.73 billion into the sector in 2023, a 33 per cent rise from the previous year, with roughly 72 per cent of confirmed projects focusing on wind, solar and other clean technologies, according to the Brazil-China Business Council. Since 2007, Chinese firms have invested a total of US$73.3 billion in Brazil generally, making it the fourth-largest destination globally for Chinese capital. 'Today we have the technology, the capital and the interest, but we lack a stable and predictable framework for energy storage in Brazil,' said Marcelo Taulois, deputy chief executive and chief development officer of CEEC Brazil. He warned that delays were putting billions of dollars of investment at risk. Taulois said that a long-awaited framework for battery storage, announced in December, had been put on hold despite strong interest from more than 60 developers. 'We were expecting it to be implemented by May, but it stopped,' he said. Adriana Waltrick, chief executive of SPIC Brasil, said that long-term planning was vital for both nations' roles in the global energy transition. 'China and Brazil are two of the four countries that will define this shift,' she said, noting that in 2024, China invested roughly 10 per cent of its gross domestic product in the energy transition sector, compared with roughly 1 per cent by Brazil. 'But China built an ecosystem where planning and execution go hand in hand. Brazil can do the same,' Waltrick said, adding that advances in digital technology – from artificial intelligence for hydro management to smart energy grids – could help Brazil make better use of its abundant resources. She said that Brazil had the expertise to do this, but only if regulations evolved with the times. Jorge Arbache, a University of Brasília economist, noted that vulnerability could become a catalyst for growth if policies were clear and coordinated. 'And China, with its ability to articulate, coordinate and implement policies, has succeeded through very well-defined plans and clear targets across the central government, provinces, state-owned enterprises and private firms in accelerating its path towards energy independence. 'This is something we can mimic here,' he added. As evidence that the market responded when rules were defined, panellists cited rising confirmation rates for announced Chinese energy-related investments in Brazil, from 27 per cent in 2022 to 88 per cent in 2023. Yet both Taulois and Waltrick said the trend could stall if Brazil failed to provide a robust framework for storage and long-term concessions. 'The sentiment right now is one of urgency,' Taulois said. 'The market and the technology are ready. What we're missing is a sign from the government that Brazil is serious about making this transition happen.' Waltrick said Brazil had a unique opportunity: 'We have the resources, we have the technology, and we have strong partners like China ready to build. But the bridge between planning and policy has to be built now – or this moment could slip away.' -- SOUTH CHINA MORNING POST
Kuwait Times
15-06-2025
- Business
- Kuwait Times
Kuwait, Russia celebrate growing tourism, plan energy investment talks
Russia values Kuwait's pragmatic leadership amid global shifts: Envoy KUWAIT: Assistant Foreign Minister for European Affairs Ambassador Sadiq Marafi reaffirmed the strength of Kuwaiti-Russian relations, which were formally established in 1963, and expressed hope for expanded cooperation in the years ahead. Speaking to the press on the sidelines of the Russian Federation's National Day celebration, held Thursday at the Russian Embassy in Kuwait, Marafi noted a significant increase in Kuwaiti tourism to Russia, especially to emerging travel destinations within the country. On the economic front, Marafi announced that a joint committee is set to convene during the upcoming Energy Summit to explore mutual investment opportunities. During the event, Russian Ambassador to Kuwait Vladimir Zheltov lauded Kuwait as a longstanding and trusted partner, recalling the historic visit of Russian naval vessels to Kuwait during the reign of His Highness the late Amir of Kuwait Sheikh Mubarak Al-Sabah, known as Mubarak the Great. He also emphasized that Kuwait was the first Gulf state to establish diplomatic relations with Russia in 1963. 'We value the wisdom and pragmatism of Kuwait's leadership. Despite global political shifts, our cooperation continues across trade, economy, energy, military-technical sectors, and humanitarian areas,' he said. The ambassador also celebrated the rapid growth of tourism between the two nations. Marking Russia's National Day, Zheltov paid tribute to Russia's history and cultural legacy. 'We are proud of our ancestors, who built a unique civilization and a great Russian culture across the vast Eurasian landscape.' He spoke of Russia's resilience in the face of historic and modern challenges. 'Russia continues to champion a fair and multipolar world based on equality and indivisible security,' he said. Russian Ambassador Vladimir Zheltov and Assistant Foreign Minister for European Affairs Ambassador Sadiq Marafi cut a cake at the event. Ambassador Vladimir Zheltov speaks at the event. Officials attend the Russian Federation's National Day celebration.
Yahoo
10-06-2025
- Business
- Yahoo
Trump energy adviser slams renewables, says focus is on fossil fuels
President Donald Trump is a fan of fossil fuels who is determined to boost oil and gas and turn away from renewables — regardless of what some energy executives, fellow Republicans or even Elon Musk have to say on the matter, one of his top energy advisers said Tuesday. "What I would say is the president is in charge," said Jarrod Agen, a deputy assistant to the president and executive director of the White House's National Energy Dominance Council, at POLITICO's annual Energy Summit. "The last thing we want is in the short term to have any problems with the grid,' he added. Trump believes that fossil fuels got a 'bad deal' under former President Joe Biden, and the current administration will continue to double down on traditional energy, Agen said. That is despite economic uncertainty brought on during Trump's term that has roiled energy markets. The shaky outlook for oil was punctuated Tuesday by the U.S. Energy Information Administration, which predicted that domestic crude production will fall next year after U.S. oil reached record output under Biden. Trump created the National Energy Dominance Council early in his second term, with goals of boosting energy production and reliability. Trump also campaigned on slashing energy costs, and he has taken credit for lower gasoline prices tied in part to an oil price slump associated with global economic worries. Supporters have credited the energy council for a wide array of moves in the last five months, from aggressively accelerating environmental permits to opening up more land for drilling. But the council's exact role in such actions remains unclear. The council is something of a black box, with no public meetings. The group's first director left weeks after joining the administration. And critics have questioned its usefulness. Agen said the council operates with a startup culture and has a 'tiger team' of about 10 staffers. Working out of the Eisenhower Executive Office Building, he said, they coordinate energy policy across the federal bureaucracy and home in on specific projects, meeting with companies to understand what hurdles they face. 'We can serve as a voice in the White House that can call over to these different departments and say, 'Hey, this is a priority, this is something the White House wants to get done, something the president wants to get done. What's the hold up over there?'' Agen said. Agen added that the council has experts in sectors ranging from oil and gas to pipelines, mining, critical minerals, electric grids and coal — but not solar. 'The president's priorities are around turning around fossil fuels,' Agen said, specifying that the administration wants to see new natural gas pipelines in Alaska and in the Northeast, as well as natural gas facilities in the Gulf of Mexico, which Trump renamed the Gulf of America via executive order earlier this year. Agen's comments Tuesday were a rare public look at the council's staff and inner workings, which have largely been out of public view. And they clashed with some industry voices and technology executives, including Musk — the Tesla CEO and a former Trump adviser — who have argued that that the U.S. should strive to be a leader in clean energy innovation. Agen joined Interior this year as a senior aide to Secretary Doug Burgum, who chairs the National Energy Dominance Council. Agen previously worked for former Vice President Mike Pence. He left a job at Lockheed Martin earlier this year, according to his LinkedIn profile. Energy 'dominance' has been a main theme of Trump's second term, and he has wielded an emphasis on oil and gas to jettison clean energy programs and abandon climate goals. The administration has ordered certain coal plants to remain open, pushed for drilling in untouched lands in northern Alaska and has cut permitting timelines for traditional energy projects from years down to days. Earlier this month, Burgum, Energy Secretary Chris Wright and EPA Administrator Lee Zeldin visited Alaska — along with Agen — to throw their support behind a planned natural gas pipeline that would cross the entire state. One goal of that project is potential gas exports to Asia. Agen said his experience visiting the North Slope made him want more drilling in Alaska. 'These are massive, barren lands of snow and ice,' he said. 'Where would we want to have the oil and gas come from? It's there.' Agen repeatedly dinged renewable energy Tuesday, despite its rapid growth in recent years and the push from numerous American allies to decarbonize in the face of looming scientific evidence of the harms from climate change. Agen said renewables are supported by tax breaks and 'can't stand on their own feet.' 'The president is not focused on wind and solar,' he said. 'They haven't proven that they can get off the ground.' Agen said nuclear power is a long-term priority for the administration, while increasing American energy production will help with trade conflicts. 'The more we can produce energy here and export it, that will be a huge benefit to us in these trade negotiations,' he said.
