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Recent Editions
Risk Channel
North America
The Federal Energy Regulatory Commission (FERC) has ordered the country's electric grid operators to reconsider rules for connecting very large energy users such as data centers. The energy regulator's draft "show cause" orders the six regional grids under its jurisdiction, which excludes Texas, to justify or overhaul their process for powering very large energy users. Data centers are pushing U.S. electricity use to record highs and requiring more electricity in some parts of the country than grids can supply. "This is a race against time, and we are going to win," FERC Chairman Laura Swett said. "This is the biggest priority our country is facing at the moment."
Full Issue
Risk Channel
UK/Europe
Brexit became a reality on this day in 2016, when 52% - or more than 17 million people in the UK - voted to leave the EU. Experts say the UK economy is between 4% and 8% smaller than it would have been had the country voted to remain in the bloc - although Brexiters argue that leaving the EU is not something that can be judged in the short-term. Polls from Ipsos suggest that more than half (52%) of people in the UK would now like to rejoin the EU while 33% are against it, and 48% would support another referendum today on Britain’s membership of the EU against 27% who would oppose one. CBI director-general Rain Newton-Smith has told the FT that 10 years after the 2016 vote the UK's business community does not want to rejoin the EU - despite acknowledging the economic pain.
Full Issue