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This Billionaire Built A $50 Million Golf Course So His Wife Had A Place To ‘Swing Like An Idiot’

Forget the fancy Ferraris and precious Picassos. Instead, new Forbes 400 member David D. Halbert chose the ultimate flex: convincing Tom Fazio to build him a “no-budget” 18-hole golf course in Texas.

ByChristopher Helman,

Forbes Staff

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Chevron Refinery Fire Threatens California’s Fragile Fuel Supply

A major fire at Chevron’s El Segundo refinery threatens California’s gasoline supply, exposing the state’s fuel vulnerabilities and likely driving pump prices higher.

ByRobert Rapier,

Senior Contributor

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FIFA, Formula 1, ICC Under Fire For Aramco Sponsorships

Aramco is spending billions of dollars on sports sponsorships with FIFA, Formula 1, Concacaf and international cricket that buy it goodwill and visibility.

ByVitas Carosella,

Contributor

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Jane Goodall’s Science Legacy: Studying Chimps, Understanding Humans

Obituary honoring Jane Goodall, whose pioneering chimpanzee research transformed science and revealed deep connections to human behavior, culture, and innovation.

ByAnna Broughel,

Contributor

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The Top-Performing Energy Stocks Of Q3 2025

Energy stocks rallied in Q3 2025, with refiners posting nearly 20% gains and tankers surging over 40%. Here’s a breakdown of the quarter’s top performers.

ByRobert Rapier,

Senior Contributor

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Climate Lawsuits Face A Key Inflection Point In Maryland High Court

The Maryland Supreme Court will hear an appeal on Monday which will ultimately decide the fate of climate lawsuits in the Old Line State.

ByDavid Blackmon,

Senior Contributor

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Russia’s Fuel Crisis Deepens As Kremlin Warns Gas Station Owners

Soaring fuel prices and refinery shutdowns leave pumps empty across Russia, with the Kremlin warning gas station owners not to raise prices.

ByDavid Kirichenko,

Contributor

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The Secret Weapon California Is Using To Prevent Blackouts

California is testing virtual power plants — networks of home batteries and smart devices — to prevent blackouts and make the grid more reliable.

ByKen Silverstein,

Senior Contributor

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Climate Week NYC 2025 Delivers On Forest Finance

Brazil’s $1B pledge and a new global roadmap highlight bold forest finance moves as Climate Week NYC 2025 closes, setting the stage for action at COP30.

ByAnna Broughel,

Contributor

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Energy, Industrial Firms Must Up Their Cybersecurity Game, Experts Say

Industry experts join Dutch prime minister Dick Schoof in calling on energy and industrial firms to step up their cybersecurity efforts as attacks escalate.

ByGaurav Sharma,

Senior Contributor

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Rosatom Has Scored Major Nuclear Projects — Can It Deliver?

While Russia’s economic performance has been lackluster as its war economy struggles to underpin growth, a clear bright spot remains: nuclear energy.

ByAriel Cohen,

Contributor

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Want Cleaner Beaches? Restart Oil Drilling Off The Santa Barbara Coast, Says Phil Mickelson–And Some Surprising Science

Sable Offshore wants to restart oil drilling off Santa Barbara after an oil spill a decade ago. Scientists think pumping out oil will reduce natural seeps. Trump is for it.

ByChristopher Helman,

Forbes Staff

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Many Believe The AI Bubble Will Burst, Effecting Electric Utilities

The collaboration between electric utilities and data centers is stable, though it may still encounter some nasty shocks.

ByLlewellyn King,

Contributor

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Venture Capital Inflows Will Keep Green Investments Buoyant To 2030

Venture capital inflows toward green technologies, output efficiencies and energy transition solutions will likely keep near-term investment pathways buoyant.

ByGaurav Sharma,

Senior Contributor

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U.S. Against The World With Trump’s Climate Denialism

This week’s Current Climate newsletter also looks at a $250 million fund for off-grid solar in Africa and Chinese solar giant LONGi’s outlook for clean power

ByAlan Ohnsman,

Forbes Staff

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America’s Oil Patch Is Cooling As Costs Rise And Uncertainty Mounts

The latest Dallas Fed Energy Survey shows U.S. oil growth slowing as costs rise, volatility persists, and producers shift from rapid drilling to capital discipline.

ByRobert Rapier,

Senior Contributor

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How The Solar Energy Sector Is Redirecting Business Momentum

Recent federal tax credit cuts have left many solar companies scrambling to maintain momentum. Many solar power firms are now searching for ways to stay profitable.

ByBrynn Cooksey,

Contributor