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President Donald Trump has systemically dismantled regulations implemented by the Obama and Biden administrations that sought to fight climate change. View More
Mill Creek Generating Station, a coal-fired power plant in Louisville, Kentucky, is seen on February 14, 2026 in Elizabeth, Indiana.Jon Cherry | Getty ImagesThe Environmental Protection Agency on Monday repealed limits on carbon-dioxide emissions from power plants imposed by the Biden administration, and proposed a sweeping action that would eliminate all remaining greenhouse gas rules for the sector. The Biden administration required existing coal plants and new natural gas plants control 90% of their carbon dioxide emissions. Power plants are the second-largest source of these planet-warming emissions in the U.S. behind the transportation sector, according to the EPA. The broader repeal, first proposed by the EPA last year, argues the federal government does not have authority under the Clean Air Act to regulate greenhouse gas emissions from power plants on the basis of climate change. This rule, which is still subject to finalization, would prevent future administrations from regulating power plant emissions to fight climate change, an EPA official told reporters on a call Monday. Zoom In IconArrows pointing outwardsU.S. COâ emissions, by sourceEIAThe final repeal of Biden's rules comes as EPA Administrator Lee Zeldin, Energy Secretary Chris Wright and Interior Secretary Doug Burgum meet with their G20 counterparts in Houston, Texas, to discuss energy issues.Zeldin framed the repeal as a way to reduce electricity prices for American families. The cost of living is a major issue ahead of the November midterm elections as gasoline and diesel prices surge due to the U.S. war with Iran. President Donald Trump has systemically dismantled regulations implemented by the Obama and Biden administrations that sought to fight climate change. The EPA in February revoked a key finding that classified carbon dioxide as a threat to public health. The Trump administration has sought to revive the coal industry, expand gas-fired power plants, and increase crude oil production while blocking solar and wind power projects. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
All-cash acquisition will expand Solar Industries' global mining footprint and add Omnia's explosives, blasting solutions and ammonium nitrate capabilities View More
All-cash deal via Solar SA Investments aims to scale mining explosives business across Africa from FY28 View More
Solar SA Investments, an indirect wholly-owned subsidiary of Solar Industries, will acquire all outstanding shares of Johannesburg-listed Omnia, subject to regulatory and Omnia shareholder approvals View More
Solar Industries India will acquire 100% of South African chemicals company Omnia Holdings for $1.355 billion in cash, marking a major international expansion for the explosives maker. The deal will strengthen its commercial explosives and blasting solutions platform, expand its geographical footprint and enhance technological capabilities, subject to regulatory approvals. View More
Solar Industries India Ltd will acquire 100% of the issued shares of South African chemicals company Omnia Holdings Ltd for a total cash consideration of Rs 12,951 crore ($1.355 billion), in a deal that will expand the explosives maker’s international footprint and strengthen its commercial explosives and blasting solutions business. The Nagpur-headquartered company said in an exchange filing on Monday that it will acquire the shares of Omnia, excluding treasury shares, at ZAR 134.5 per share. The transaction is subject to applicable regulatory, statutory and competition approvals and other customary conditions precedent. The acquisition is expected to be completed in early to mid-2027, subject to competition approvals in relevant jurisdictions. Upon completion, Omnia will be delisted from the Johannesburg Stock Exchange and A2X Markets securities exchange. Omnia’s mining business key to deal Solar Industries said the acquisition will help create a global platform for commercial explosives and blasting solutions, while strengthening its international presence, expanding its geographical footprint, enhancing technological capabilities and diversifying its operations. Omnia is a diversified chemicals company headquartered in Johannesburg, South Africa . Incorporated in 1953, it has a physical presence in 23 countries and serves customers in more than 40 countries through over 70 distribution centres. Live Events For the financial year ended March 31, 2026, Omnia reported revenue of $1.41 billion, up from $1.25 billion in FY25 and $1.18 billion in FY24. Its mining segment, BME, provides blasting systems, explosives, mining chemicals and metallurgical processing solutions to the commercial mining and quarrying industries. Omnia employs more than 3,500 people. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The answer partly depends on the willingness, and financial capacity of Indian companies to set up factories in the US View More
The US Commerce Department imposed anti-dumping and countervailing duties on solar imports from India, Indonesia and Laos, citing cheap exports and government subsidies View More