Articles by Tim McLaughlin

Big Tech’s Data Center Boom Poses New Risk to Grid Operators

Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of …

Edison Says Wildfire Fund May Shield Balance Sheet From LA Fire Claims

California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one …

Southern California Edison Gear Ignited More Fires in 2024 Than Previous Year

Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent catastrophe in the months leading up to the Los Angeles wildfires. …

Americans Bake in Record-Breaking Heatwave

Some 100 million Americans from New York City to Las Vegas are under heat warnings this week as temperatures rise well above 100 Fahrenheit (38 Celsius), part of a trend of extreme weather made worse by climate change. New York …

Creaky U.S. Power Grid Threatens Progress on Renewables, EVs

After decades of struggle, the U.S. clean-energy business is booming, with soaring electric-car sales and fast growth in wind and solar power. That’s raising hopes for the fight against climate change. All this progress, however, could be derailed without a …

Harmful Soot Unchecked as Big Oil Battles EPA Over Testing: INSIGHT

A deadly form of soot pollution from U.S. refineries has gone unregulated for decades because of a dispute between the U.S. oil industry and federal environmental officials over how to measure it, according to documents from the Environmental Protection Agency …

NFL Owner Kraft Sued Over South Carolina Paper Mill’s Harmful Pollution

A South Carolina paper mill, whose foul smell has triggered more than 30,000 complaints, has become one of the dirtiest polluters in the United States since being acquired by an investment group led by Robert Kraft, the billionaire owner of …

Argo Shareholders Not Alone in Wondering About CEO Corporate Jet Use

As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the perk. For the …

Corporations Grow Nervous as Compensation for Directors Rises

It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 …

Activists Push Big Index Funds to Back Shareholder Votes on Climate Risk Disclosure

The far-reaching impacts of climate change on companies have investors pressing corporate leaders for action to minimize environmental damage and to maximize disclosure of risks to their businesses. The threats range from more frequent floods or wildfires that imperil major …