energyThursday, June 25, 2026
The day's energy news is split between two big threads: a push for taxing fossil fuel profits to fund the transition, and a wave of consumer- and startup-led battery deployment. The UN Secretary-General made headlines calling for a windfall tax on Big Oil, while in the US, a startup is putting cheap batteries in PJM homes and a lawsuit alleges AI-powered gas price fixing.
The UN chief used London Climate Action Week to throw a punch at fossil fuel profits, while a separate call for $2 trillion in annual clean energy investment for developing countries underscored the scale of the financing gap.
Guterres wants a windfall tax on fossil fuel companies, arguing they profit from climate chaos while vulnerable nations suffer. Two outlets covered his London Climate Action Week speech, giving it weight.
A separate UN call for $2 trillion annual investment in developing countries by 2035 and lower financing costs frames the transition as an equity issue, not just a technology one.
While global leaders talk big money, startups and consumers are quietly deploying storage at the local level, from Texas to Pakistan.
Base Power is bringing its no-upfront-cost home battery model to PJM, where capacity shortages and high prices create a ripe market. The $15, $30 monthly fee model could accelerate residential storage adoption.
Pakistan's consumer-driven solar boom, now adding batteries as net metering rules tighten, shows what policy uncertainty can catalyze. The piece contrasts it with Bangladesh's slower uptake.
Two stories on gasoline prices today: one about Trump's political pressure on oil companies, the other about alleged AI collusion at the pump.
Trump alleges gas price gouging as prices drop 49 cents in a month, but experts say retail prices lag crude oil changes. The political pressure may not speed up the adjustment.
markets roundup
geopolitics roundup
cryptocurrency roundup
cybersecurity roundup
books roundup
personal roundup
