• Duke Energy gave half a million to political group before primary, new filings show

    By: Elizabeth Ouzts, Energy News Network April 29, 2020 North Carolina law allows the utility to hide which candidates benefited from its political spending. Duke Energy funneled half a million dollars through a tax-exempt political group to pay for polling, television ads, and mailers in advance of North Carolina’s March primary, new documents submitted to the Internal Revenue Service show. At least three state legislative candidates got help from the entity named Citizens for a Responsible Energy Future, according to media reports and filings with other federal officials. But that aid accounted for less than a tenth of the group’s total expenses, leaving…


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  • What the Negative Price of Oil Is Telling Us

    By: Neil Irwin, The New York Times April 21, 2020 The coronavirus pandemic has caused a series of mind-bending distortions across world financial markets, but Monday featured the most bizarre one yet: The benchmark price for crude oil in the United States fell to negative $37.63. That means that if you happened to be in a position to take delivery of 1,000 barrels of oil in Cushing, Okla., in the month of May — the quantity quoted in the relevant futures contract — you could have been paid a cool $37,630 to do so. (That…


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