Two bills under consideration seek to balance the desire for solar incentives with the burden of high electricity bills.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Russian war worsens fertilizer crunch, risking global food supplies
As the growing season approaches in Maine, potato farmers are grappling with a 70% to 100% increase in fertilizer prices from last year.
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Posted inBusiness, Kennebec Journal, Maine
Augusta’s Colonial Theater secures $160,229 in historic preservation funds
The award, one of four given statewide, will pay for repairs to exterior doors and windows for the theater as part of an initiative to drive economic development in rural downtowns.
Posted inBusiness, Nation & World
Biden waiving ethanol rule in bid to lower gasoline prices
The Environmental Protection Agency will issue an emergency waiver to allow a 15 percent ethanol blend – a biofuel cheaper than gas – that is usually banned between June and September because of concerns that it adds to smog in high temperatures.
Posted inBusiness, Nation & World
U.S. inflation jumped 8.5% in past year, highest since 1981
Some economists suggest that inflation is at or near its peak, but it could take time to come back down.
Posted inBusiness
Wheat closes at the highest since late March on supply worries
The U.S. Department of Agriculture and United Nations cut their outlooks for Ukrainian corn shipments on Friday.
Posted inBusiness, Maine
Lawmakers quietly shelve bill to double motor vehicle inspection fee
The House killed the bill without discussion Monday after Gov. Janet Mills threatened to veto it and the Senate voted to table it indefinitely.
Posted inBusiness
Efforts to make protective medical gear in U.S. on life support
The push to make personal protective equipment in the U.S. is running out of steam after an initial surge at the start of the coronavirus pandemic.
Posted inBusiness
Etsy sellers protest fees by halting their sales for a week
Starting Monday, Etsy sellers must pay a 6.5% commission on each transaction, up from the 5% in place since 2018.
Posted inBusiness
Stocks fall on Wall Street, led by slump in tech companies
Stocks fell on Wall Street Monday, extending a losing streak from last week.