US airlines cancel over 1,300 flights due to Hurricane Beryl
Airlines in the United States canceled more than 1,300 flights and delayed over 1,000 flights on Monday as Hurricane Beryl intensified and made landfall in Texas.
A total of 1,479 flights were canceled and 2,254 flights were delayed as of 12.33 p.m. ET, according to the flight tracking website FlightAware.
United Airlines (UAL.O), opens new tab led the list with 405 flights canceled, followed by Southwest Airlines (LUV.N), opens new tab at 268.
"We are continuing to monitor Beryl and have reduced flying at Intercontinental Airport of Houston (IAH) Sunday night and Monday." United Airlines said in a statement.
Southwest said it was monitoring the situation and has proactively adjusted its flight schedule on Monday in Houston and south Texas due to the hurricane. Souce: https://www.reuters.com/business/aerospace-defense/us-airlines-cancel-over-1300-
New US solar duties would raise costs and threaten climate goals, report says
Solar panel prices could increase by as much as 66% if the U.S. puts new tariffs on imports from Southeast Asia, threatening the nation's goals for an energy source critical to combating climate change, according to an analysis published on Tuesday.
Thereport byCleanEnergyAssociates,anindustry supply chain advisory firm, is among the first to study the potentialimpacts of what would be new duties on solar cells and modules from Malaysia, Cambodia, Vietnam and Thailand.
Some of the world's biggest solar equipment makers in April asked President Joe Biden's administration to impose tariffs on those imports to protect billions of dollars in investments in U.S. manufacturing.
Biden's landmark climate change law, the Inflation Reduction Act, includes big incentives for companies that produce clean energy equipment in the United States and has touched off a boom in plans for domestic solar factories.
US watchdog proposes requiring help before mortgage foreclosures
The top U.S. watchdog agency for consumer financial protection announced on Wednesday proposed regulations it said would require mortgage servicers to offer help to borrowers in difficulty before resorting to foreclosure.
The new draft rules would also help protect investors from losses incurred when borrowers are unable to pay, according to the U.S. Consumer Financial Protection Bureau (CFPB), which said temporary changes during the COVID-19 pandemic for borrowers facing sudden hardship helped inspire the proposal.
"When struggling homeowners can get the help they need without unnecessary obstacles, it is better for borrowers, servicers, and the economy as a whole," Rohit Chopra, director of the CFPB, said in a statement.
Damage from Hurricane Beryl may cost insurers $2.7 bln in US, KCC says
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday.
About 1.5 million customers remained without power in Texas on Wednesday, two days after Beryl raked the state as progress to restore electricity was slow, hampering efforts to quickly restart critical oil infrastructure.
The storm made landfall as a Category 1 hurricane on Monday near the coastal town of Matagorda, about 100 miles (160 km) from Houston, lashing Texas with heavy winds that knockeddown power lines and damaged property.
Souce:
https://www.reuters.com/business/finance/us-watchdog-proposes-requiring-help-
In Texas, over 1 million customers still without power after Hurricane
More than 1 million homes and businesses in Texas were still without power early on Friday, after Hurricane Beryl slammed through the region, according to data from PowerOutage.us.
Thenumberwas down from a peak of close to 2.7 millionhomes andbusinesses without poweron Monday, when Beryl made landfall near the coastal town of Matagorda.
Provider Centerpoint Energy (CNP.N), opens new tab said it has restored power to over 1 million customers of the 2.26 million impacted.
Souce:
https://www.reuters.com/business/energy/texas-over-1-million-customers-still-