Environment

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products. West Texas

The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be. Picture Alliance | Picture Alliance | Getty Images The world’s seven-largest industrialized economies have floated the idea of a price cap on Russian oil to further squeeze the Kremlin’s ability to fund its onslaught

A photo of a natural gas flare burning near an oil pump jack at the New Harmony Oil Field in the U.S. on June 19, 2022. Luke Sharrett | Bloomberg | Getty Images Surging gasoline prices in the U.S. are showing signs of impact on consumption, according to one risk analyst.   “We’re starting to see

In this article DTG-DE U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck and Volvo. According to Tevva, which says it has raised $140 million in funding, its vehicle will have a range of as

A visitor (R) learns about huaneng’s high-temperature gas-cooled reactor model at the China International Nuclear Power Industry and Equipment Exhibition 2021 in Yantai, Shandong Province, China, Oct. 19, 2021. Future Publishing | Future Publishing | Getty Images Nuclear power could be a dominant player in the next-generation clean energy landscape, but that will require concerted

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Digital asset brokerage Voyager Digital has paused all customer trading, deposits, withdrawals and loyalty

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin Family” is down more than $1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $69,000 in Nov. 2021 — but patriarch Didi Taihuttu is as bullish as ever. “I’m buying bitcoin daily,” Taihuttu told

An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration released a five-year offshore oil and gas drilling development plan on Friday that would block all new drilling in the Atlantic and Pacific Oceans

Steam rises from the cooling towers of the coal-fired power plant at Duke Energy’s Crystal River Energy Complex in Crystal River, Florida, U.S., March 26, 2021. Dane Rhys | Reuters On Thursday, the Supreme Court changed the rules of the game in the race to limit global warming by constricting the Environmental Protection Agency’s authority

Bitcoin just finished its worst month since May 2021, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence in the crypto market,

A view of the backside of the U.S. Supreme Court on June 6, 2022 in Washington, DC. According to media reports, Drew Angerer | Getty Images The Supreme Court on Thursday ruled the EPA does not have authority to set standards on climate-changing greenhouse gas emissions for existing power plants. The 6-3 ruling said that

This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China’s central Jiangxi province. STR | AFP | Getty Images Russia’s coal shipments to China have been rising even though overall shipments to China have declined, new data from S&P Global Market Intelligence showed. Russian seaborne coal

A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Summer’s here, and it’s a hot one.  Forecasts from the Farmers’ Almanac, the National Oceanic and Atmospheric Administration and The Weather Company

AscentXmedia / Getty Record high inflation and gas prices have many Americans hoping for financial relief. And in California, that’s exactly what approximately 23 million residents stand to get, thanks to the state’s new budget deal, which is slated to give qualifying taxpayers new direct payments. Democratic California Gov. Gavin Newsom and Democratic legislative leaders

Participants in the G7 summit held in Germany photographed on June 26, 2022. Stefan Rousseau – Pool | Getty Images News | Getty Images G-7 leaders will work with partners to establish a “Climate Club” by the end of this year, according to the communique from their latest meeting. Published Tuesday, the document said leaders

In this article CG Much of the U.S. market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and philanthropist, says the economy’s path may be beyond the central bank’s control, and two other global

Bitcoin rallied to a record high of nearly $69,000 at the height of the 2021 crypto frenzy. In 2022, it’s moved in the opposite direction. Nurphoto | Getty Images Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on

In this article XOM Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for all drivers, according to AAA. In an interview with CNBC’s David Faber, Woods cautioned

A section of the NECEC corridor in Johnson Mountain Township is covered with straw on Tuesday, November 30, 2021. Crews put down the straw for erosion control. Portland Press Herald | Portland Press Herald | Getty Images For the past six years, energy companies and Maine residents have been in a fierce stand-off over the

In this article XOM Even Exxon Mobil thinks electric vehicles are the future. The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric, CEO Darren Woods told CNBC’s David Faber in an interview. In 2021, just 9% of all passenger car sales were electric vehicles, including