Connect with us

Published

on

President of the Bolivarian Republic of Venezuela, Nicolás Maduro, gestures as he speaks after the National Electoral Council published the results of the consultative referendum on Venezuelan sovereignty over the Essequibo, in Caracas, on December 3, 2023. Venezuelan electoral authorities on December 3 claimed that 95 percent of voters in a nonbinding referendum approved of the nation’s territorial claim on a huge chunk of neighboring oil-rich Guyana.
It is “an evident and overwhelming victory for the ‘Yes’ in this consultative referendum,” said the president of the National Electoral Council, Elvis Amoroso. (Photo by Pedro Rances Mattey / AFP) (Photo by PEDRO RANCES MATTEY/AFP via Getty Images)

Pedro Rances Mattey | Afp | Getty Images

Venezuelans on Sunday voted to claim sovereignty over a large swathe of their oil-rich neighbor Guyana, marking the latest escalation in a long-standing territorial dispute between the countries.

Voters were asked if they supported the establishment of a new state in the contested area, known as the Essequibo. Venezuela’s National Electoral Council counted more than 10.5 million votes, the country’s local media stated. The number of voters were not specified, however, and the Associated Press reported that few voters could be seen at polling sites throughout the voting period.

The 61,600 square-mile Essequibo region makes up two-thirds of Guyana, and holds enormous oil reserves off its coast.

Friction between both countries has flared since 2015 following oil exploration operations by companies like ExxonMobil. Venezuela believes that Guyana has no right to grant oil concessions in the maritime areas off the disputed territory. Venezuelan President Nicolas Maduro’s government is also facing international pressure to facilitate free and fair elections in 2024.

The dispute over Essequibo is more than a century old. In 1899, an international arbitral tribunal awarded the territory to Britain, when Guyana was still under its colonial rule. Venezuela has since actively disputed this. Maduro in November accused Guyana, the U.S. and oil firms of robbing Venezuela of its territory through “legal colonialism.”

Guyana has maintained that the accord is legal and binding, and in 2018 had sought the International Court of Justice to rule it as such.

Other questions in the referendum included whether or not to grant citizenship to current and future residents in the region, as well as whether there should be a rejection of the ICJ’s jurisdiction over the territorial dispute between both countries. It remains unclear how Maduro’s government will enforce the results.

Markets haven’t really reacted to the planned referendum yet as there has been no physical supply disruption. This also seems unlikely for now.

Henning Gloystein

Eurasia Group Director

“I want to assure Guyanese there is nothing to fear over the next number of hours, days, months ahead,” Guyanese President Irfaan Ali said in a televised statement aired on local media.

“Of course, our vigilance will be enhanced, but we are working around the clock to ensure that our borders remain intact and the people in our country remain safe,” he added.

On Friday, the ICJ ordered Venezuela to refrain from making any move that would change Guyana’s control over Essequibo.

Stock Chart IconStock chart icon

hide content

Oil prices year to date

“Venezuela shall refrain from taking any action which would modify the situation that currently prevails in the territory in dispute, whereby the Co-operative Republic of Guyana administers and exercises control over that area,” the ICJ’s statement said.

Both Venezuela and Guyana are critical oil hotspots. Venezuela is the 10th largest producer in OPEC. And the Stabroek Block in Guyanese waters is estimated to hold about 11 billion barrels of oil.

Market impact

U.S. West Texas Intermediate futures traded 0.4% lower at $73.76 a barrel Monday at roughly 7 a.m. ET time, while global benchmark Brent futures stood 0.4% lower at $78.56 per barrel.

“Markets haven’t really reacted to the planned referendum yet as there has been no physical supply disruption. This also seems unlikely for now,” Eurasia Group’s Director Henning Gloystein told CNBC via email.

However, Venezuela’s actions are unlikely to help it improve relations with the U.S., which it needs to improve its own oil production, he added.

The U.S. imposed oil export sanctions against Venezuela in 2019 to punish Maduro’s government following 2018’s elections which Washington considered a sham.

Dan Yergin, vice chairman of S&P Global, told CNBC’s “Street Signs Asia” that the “absurd referendum” is one risk that current crude markets have yet to price in.

Yergin expects that the U.S. government will defend Guyana if Venezuela attacked the country — “it would be like [Russian President Vladimir] Putin going into Ukraine.”

Continue Reading

Environment

Sunreef Yachts introduces ‘Double Happiness’ – its first 100-foot solar electric ‘supercat’

Published

on

By

Sunreef Yachts introduces 'Double Happiness' – its first 100-foot solar electric 'supercat'

Sustainable boatbuilder Sunreef Yachts has unveiled another stunning solar electric catamaran, or “supercat,” which it is calling “Double Happiness.” This fully-electric yacht is 100 feet, Sunreef’s longest to date.

As we’ve pointed out in the past, Sunreef Yachts has been pushing the boundaries of sustainable marine travel since 2002. Over that time, the Polish boatbuilder launched the world’s first 74-foot luxury oceangoing catamaran with a flybridge.

Over twenty years later, hundreds of Sunreef Yachts can be seen traversing waters worldwide, showcasing the company’s lineup of sustainable luxury catamarans, all-electric propulsion, and advanced solar panels it calls “solar skin.”

Over the years, we’ve highlighted some of Sunreef’s solar-electric catamarans, ranging in length from 40 to 100 meters, including the Eco Explorer and the 80 Power Eco. Today, Sunreef has introduced its newest addition to its all-electric lineup: a 100-foot catamaran named “Double Happiness.”

Advertisement – scroll for more content

Sunreef’s newest electric yacht boasts length and power

According to Sunreef Yachts, the new Double Happiness is its first all-electric 100-foot yacht to combine cruising and eco-technology. This 100 Sunreef Power Eco supercat is propelled by four 180 kW electric motors and powered by a massive 990 kWh battery pack onboard.

There’s also the option for range extension via two generator sets (350 kW at 622 V DC). Additionally, rooftop solar panels (12 kWp) help power some of the onboard electronics. The result is a 16-passenger super catamaran that can accommodate up to ten guides across five en-suites. Given its size, the all-electric 100 Sunreef Power Eco yacht offers vast and luxurious spaces as well as quiet, secluded areas. Sunreef Yachts Founder and CEO, Francis Lapp, spoke:

The first models of the 100 Sunreef Power were a revolution, they offered unbelievable amounts of space, comfort, proximity with the sea, and seaworthiness. With this 100 Sunreef Power Eco, named Double Happiness, we take the 100 Sunreef Power to the next level. Now, this superyacht is able to navigate in full silence, no vibrations, no fumes, fostering a better connection with the sea and superior energy efficiency.

The 100 Sunreef Power Eco joins the boatbuilder’s growing lineup of quiet, emission-free solar-electric catamarans that are not only sustainable but also ultra-luxurious and well-crafted.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Chevy Brightdrop finally gets a lease deal worth writing about

Published

on

By

Chevy Brightdrop finally gets a lease deal worth writing about

GM may have decided to pull the plug on the forward-looking Chevy Brightdrop electric van a few months ago, but don’t let that stop you, but don’t let that fool you. Right now might be the best time ever to get your hands on one.

SKIP THE STORY: jump right to the deals (trusted affiliate link).

It’s hard to overstate how good the deals on Chevy’s Brightdrop got while GM was still trying to build up demand for its fleet-focused van, and now that the company has decided to stop production, the deals have gotten even better, with a newly announced $699 lease for 39 mo. with $2,999 down through January 2nd — and that’s before you factor in an additional $3,000 discount reserved for Costco Executive Members!

Despite that, I’ve heard more than one fleet manager express hesitation at the thought of adding a discontinued product to their fleet, even if it is a killer discount. To them, I offer the following, model-agnostic rebuttal:

Advertisement – scroll for more content

Legacy brands support their products


GM-Envolve-electric
Fleet of FedEx BrightDrop 600 electric vans; via GM.

Companies like GM aren’t going anywhere soon, and neither are the customers they’ve spent millions of dollars acquiring over the past several decades. They’ll keep building parts and offering service and maintenance on vehicles like the Brightdrop for at least a decade — not least of which because they have to!

GM sells each Brightdrop with a minimum 8 year/100,000 mile warranty on the battery and other key components, which can be extended either through GM itself or through reputable third-party companies like Xcelerate Auto for seven more.

There are precious few large fleets out there looking at 15 year, 200-plus thousand mile vehicle replacement cycles. For those that are, however, all indications so far are that the vehicle’s battery health and general performance will still be well within usable limits.

So, yes: parts longevity and manufacturer support will be there (something I’d be less confident about with a startup like Rivian or Bollinger, for example), but there’s more.

Section 179 and local incentives


National construction company deploys its 100th Chevrolet Silverado EV
McKinstry’s 100th Silverado EV; via GM.

The One Big, Beautiful Bill Act (OBBBA) of 2025 gutted America’s energy independence goals and ensuring its auto industry would fall even further behind the Chinese in the EV race, but the loss of Section 45W wasn’t the only change written into the IRS’ rulebook. Section 179, an immediate expense reduction that business owners can take on depreciable equipment assets, has been made significantly more powerful for 2025.

The section 179 expense deduction is limited to such items as cars, office equipment, business machinery, and computers. This speedy deduction can provide substantial tax relief for business owners who are purchasing startup equipment.

INVESTOPEDIA

The revised Section 179 tax credit (or, more accurately, expense reduction) allows for a 100% deduction for equipment purchases has doubled to $2.5 million, with a phase-out kicking in at $4 million of capital investments that drops to zero at $6.5 million. That credit and can be applied to new and used vehicles, as well as charging infrastructure, battery energy storage systems, specialized tools, and more (as long as they’re new to you).

What’s more, with regional incentives like the up to $15,000 off a new medium-duty van available from Illinois utility ComEd, the net cost of GM’s $699 promo lease drops to ~$315/mo., and there is still state money out there, as well, depending on where you live.

All of which is to say: don’t let a little thing like GM discontinuing the Brightdrop convince you to skip it. If you do that, the bean counters that killed off the Buick Grand National, GMC Syclone, and Pontiac Fiero win.

SOURCE | IMAGES: GM Envolve.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

EIA: Solar + storage soar as fossil fuels stall through September 2025

Published

on

By

EIA: Solar + storage soar as fossil fuels stall through September 2025

US Energy Information Administration (EIA) data released on November 25 and reviewed by the SUN DAY Campaign reveal that, during the first nine months of 2025 and for the past year, solar and battery storage have dominated growth among competing energy sources, while fossil fuels and nuclear power have stagnated.

Solar set new records in September

EIA’s latest “Electric Power Monthly” report (with data through September 30, 2025), once again confirms that solar is the fastest-growing source of electricity in the US.

In September alone, electrical generation by utility-scale solar (>1 megawatt (MW)) ballooned by well over 36.1% compared to September 2024, while “estimated” small-scale (e.g., rooftop) solar PV increased by 12.7%. Combined, they grew by 29.9% and provided 9.7% of US electrical output during the month, up from 7.6% a year ago.

Moreover, generation from utility-scale solar thermal and photovoltaic systems expanded by 35.8%, while that from small-scale systems rose by 11.2% during the first nine months of 2025 compared to the same period in 2024. The combination of utility-scale and small-scale solar increased by 29.0% and produced a bit over 9.0% (utility-scale: 6.85%; small-scale: 2.16%) of total US electrical generation for January-September, up from 7.2% a year earlier.

Advertisement – scroll for more content

And for the third consecutive month, utility-scale solar generated more electricity than US wind farms: by 4% in July, 15% in August, and 9% in September. Including small-scale systems, solar has outproduced wind for five consecutive months and by over 40% in September.

Wind leads among renewables

Wind turbines across the US produced 9.8% of US electricity in the first nine months of 2025 – an increase of 1.3% compared to the same period a year earlier and 79% more than that produced by US hydropower plants.

During the first nine months of 2025, electrical generation from wind plus utility-scale and small-scale solar provided 18.8% of the US total, up from 17.1% during the first three quarters of 2024.

Wind and solar combined provided 15.1% more electricity than did coal during the first nine months of this year, and 9.8% more than the US’s nuclear power plants. In fact, as solar and wind expanded, nuclear-generated electricity dropped by 0.1%.

Renewables are now only second to natural gas

The mix of all renewables (wind, solar, hydropower, biomass, and geothermal) produced 8.7% more electricity in January-September than they did a year ago, providing 25.6% of total US electricity production compared to 24.2% 12 months earlier.

Renewables’ share of electrical generation is now second to only that of natural gas, which saw a 3.8% drop in electrical output during the first nine months of 2025.  

Solar + storage have dominated 2025

Between October 1, 2024, and September 30, 2025, utility-scale solar capacity grew by 31,619.5 MW, while an additional 5,923.5 MW was provided by small-scale solar. EIA foresees continued strong solar growth, with an additional 35,210.9 MW of utility–scale solar capacity being added in the next 12 months.

Strong growth was also experienced by battery storage, which grew by 59.4% during the past year, adding 13,808.9 MW of new capacity. EIA also notes that planned battery capacity additions over the next year total 22,052.9 MW.

Wind also made a strong showing during the past 12 months, adding 4,843.2 MW, while planned capacity additions over the next year total 9,630.0 MW (onshore) plus 800.0 MW (offshore).

On the other hand, natural gas capacity increased by only 3,417.1 MW and nuclear power added 46.0 MW. Meanwhile, coal capacity plummeted by 3,926.1 MW and petroleum-based capacity fell by an additional 606.6 MW.

Thus, during the past year, renewable energy capacity, including battery storage, small-scale solar, hydropower, geothermal, and biomass, ballooned by 56,019.7 MW while that of all fossil fuels and nuclear power combined actually declined by 1,095.2 MW.

The EIA expects this trend to continue and accelerate over the next 12 months. Utility-scale renewables plus battery storage are projected to increase by 67,806.1 MW (a forecast for small-scale solar is not provided). Meanwhile, natural gas capacity is expected to increase by only 3,835.8 MW, while coal capacity is projected to decrease by 5,857.0 MW, and oil capacity is anticipated to decrease by 5.8 MW. EIA does not project any new growth for nuclear power in the coming year.

SUN DAY Campaign’s executive director Ken Bossong said:

The Trump Administration’s efforts to jump-start nuclear power and fossil fuels are not succeeding. Capacity additions from solar, wind, and battery storage continue to dramatically outpace those from gas, coal, and nuclear, and by growing margins.

Read more: EIA: Solar + storage dominate, fossil fuels stagnate to August 2025


If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!

Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending