Georgia Power Co. bills could go up another 17% in June to cover the higher costs of natural gas and coal. The unit of Atlanta-based Southern Co. told regulators Tuesday that it needs to collect billions more to pay for the fuel it burns to generate electricity for its 2.7 million customers.
World leaders are discussing how to get climate change under control, but new reports show the post-pandemic rebound and war in Ukraine are driving emissions even higher.
Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.
The weakening economy around the world will drive down demand for oil in the coming months, according to OPEC, while the U.S. government warns that households will pay more for heat this winter.
It was seen as a way for Russia to prop up its currency and retaliate for Western sanctions, but it could cause global energy prices to spike. One analyst sees it as a warning to the rest of Europe.