The Clean Electricity Performance Program proposed by House Democrats authorizes $150 billion in incentives for utilities that deliver at least 4% more clean energy to customers.

The announcement comes amid surging energy costs in China and electricity shortages in some provinces that have forced some factories to cut production.

Sprott has amassed over 24 million pounds of uranium, sometimes buying more than 500,000 pounds in a single day.

The combined company would hold multiple uranium projects at various stages of development.

Delays are especially pronounced for getting the country's environment ministry Semarnat to approve environmental impact statements for mining projects.

With FLSmidth's acquisition of German engineering firm Thyssenkrupp’s mining business, a combination was born that will create a global mining technology provider.

Manufacturing renewable energy components would be part of a strategy to create about 300,000 jobs, he said.