Historically, the disaster restoration industry was made up of smaller, independent businesses handling local projects. But after Hurricane Katrina in 2005, private equity firms saw an opportunity to consolidate the market by buying up smaller companies, and some estimates value the US restoration industry as high as $200bn.
In filings submitted to the New York state regulatory authority, other prominent offshore wind developers, such as Norway’s energy major Equinor and British oil major BP, have officially requested a staggering 54% increase in the price of electricity generated at three planned offshore wind farms....
Two French-Moroccan men have reportedly been shot and killed after they accidentally crossed Morocco’s maritime border with Algeria on water scooters, according to Moroccan media reports....
U.S. defense contractors have benefited as the war in Ukraine and tense U.S.-China relations have fueled demand for weapons such as tanks, submarines and munitions....