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On January 13, it was reported that the UK is exploring the use of nuclear energy for the construction of artificial intelligence data centers. The first area will be located in Culham, the home of the UK Atomic Energy Agency. The British government will set up an energy committee composed of government and private officials, which will explore the use of small modular reactors that rely on nuclear fission technology to power data centers. Vantage Data Center said that as part of the plan, it will invest more than 12 billion pounds (14.6 billion US dollars) in data centers across the UK. Another data center company, Nscale, said it will invest $2.5 billion in the next three years. The Labour Party, led by Starmer, has put artificial intelligence at the heart of its economic agenda, but has been slow to roll out related policies and has been criticized for confusing early information.U.S. stock index futures opened slightly lower on Monday, with S&P 500 futures and Nasdaq futures both falling 0.1%.On January 13, ABP, Europes largest pension fund, sold all of its 571 million euros ($585 million) in Tesla in the third quarter, partly because it disagreed with Musks compensation plan. An ABP spokesman said on Sunday that Musks compensation plan was "problematic." The fund also considered costs, returns and responsible investment requirements when deciding to sell its shares. The Dutch Daily Financial News first reported the news, which also listed poor working conditions as one of the reasons why ABP abandoned Tesla. Last month, Musks record Tesla compensation plan was again rejected by a Delaware judge. The stock option plan was originally worth $2.6 billion and soared to $56 billion when the judge rejected the plan. In June of this year, ABP voted against the compensation plan, calling it "controversial and abnormally high."According to Nikkei: Japan will launch its first infrared sensor in fiscal 2025 to supply the International Space Station.According to Nikkei: Japan will test hypersonic missile tracking technology through space sensors.

The United States is contemplating adding more ethanol to gasoline in order to cut pump costs

Charlie Brooks

Mar 31, 2022 10:36

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The assessment comes as President Joe Biden attempts to rein in surging gas prices, which reached a new high last month after Russia's invasion of Ukraine in late February. To punish Russia for the invasion, the United States and other consumer nations have blocked imports of oil from Russia, a key global supplier.


Increasing the amount of ethanol in gasoline mixes has the potential to lower petrol prices at U.S. gas stations since ethanol, which is derived from maize, is now less expensive than plain gasoline.


The EPA said it couldn't comment on whether the move was being considered, but that it was "examining a number of measures throughout the administration to assist offset repercussions from Russia's activities on American consumers."


The ethanol sector would appreciate the measure, as it has sought to raise sales of the E15 fuel mix and abolish summertime limits on it. E15 contains up to 15% ethanol, compared to 10% in regular gasoline in the United States.


The summertime ban on E15 was established due to fears that it adds to pollution in hot weather, despite studies indicating that the 15% mix of fuel may not increase smog in comparison to the more prevalent 10% blends available year-round.


A bipartisan coalition of Farm Belt politicians in the United States has lobbied the White House to repeal the summertime restriction.


Earlier this month, senators from Iowa and Illinois, the two largest corn-producing states, requested Biden in a letter to authorize the sale of E15 during the 2022 driving season, saying that the increased ethanol would cut consumer prices.


However, since ethanol is manufactured from maize, the change has the potential to raise food prices. Previously, the Biden administration investigated whether suspending rules for biofuels to be integrated into the nation's fuel mix may help offset a rise in food component prices such as maize and soy oil.


Inflation is considered as a key danger to Democrats in the midterm elections in November.

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