Environment

A coal-fired power plant in Indonesia. Aditya Aji | AFP | Getty Images Efforts to restrict global warming to 1.5 degrees Celsius are failing “across the board” — and major shifts will be required to create meaningful change, according to a new report, including a much faster move away from using coal to generate electricity.

A Russian-chartered oil tanker in the sea off Morocco in an area identified by maritime technology company Windward as a hub for smuggling oil. Europa Press | Getty Images The U.S. Department of the Treasury’s Office of Foreign Assets Control announced three vessels and shipping companies being sanctioned for violating the Russian oil sanctions on

In this article AMZN DIS GS NFLX ENR-DE XOM Follow your favorite stocksCREATE FREE ACCOUNT The US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to

Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that

In this article BP.-GB SHEL-GB Follow your favorite stocksCREATE FREE ACCOUNT At Elm Branch Solar Farm, about an hour south of Dallas, Texas, a flock of sheep grazes among a vast field of solar panels. The flock’s shepherd, Amanda Stoffels, watches over it as the sheep munch on the grass and nap in the shade

In this article XOM GS Follow your favorite stocksCREATE FREE ACCOUNT Visitors outside the US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on

Dado Ruvic | Reuters Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday. Exxon earlier this year purchased 120,000 acres of a geological site in southern Arkansas called the Smackover Formation that is rich in

A wind turbine installation taking place in Germany on July 14, 2023. The International Energy Agency is calling for a surge in renewable energy installations over the next few years. Ina Fassbender | AFP | Getty Images Renewable energy firms are mostly suffering a dire earnings season as struggling supply chains, manufacturing faults and rising

An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. Joe Raedle | Getty Images News | Getty Images U.S. crude prices on Tuesday fellow below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the Israel-Hamas war

An aerial view of Funafuti, Tuvalu, from 2019. Tuvalu’s Department of Foreign Affairs describes climate change as “one of the most existential security risks currently threatening” the country. Mario Tama | Getty Images News | Getty Images Australia and the South Pacific island nation of Tuvalu are to forge closer ties thanks to a new

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. equities climbed higher Friday, with the S & P 500 up 0.47% and the Nasdaq Composite up 0.74%. Both indices are on track to deliver gains for the

A wind turbine installation taking place in Germany on July 14, 2023. The International Energy Agency is calling for a surge in renewable energy installations over the next few years. Ina Fassbender | AFP | Getty Images The COP28 climate change summit is fast approaching, with a host of world leaders and high-profile public figures

In this article SRG-IT AES IG-IT Follow your favorite stocksCREATE FREE ACCOUNT The past few years have seen a number of business leaders talk about blending hydrogen into natural gas infrastructure. Nicolas Economou | Nurphoto | Getty Images A host of solutions — including blending hydrogen into natural gas infrastructure — will be needed to

SEC Chair Gary Gensler mocks putting a gun to his head in response to a “Blazing Saddles” reference by Rep. Emanuel Cleaver, D-Mo., during the House Financial Services Committee hearing titled “Oversight of the Securities and Exchange Commission,” in Rayburn Building on Tuesday, April 18, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images

In this article UBSG-CH AMZN MSFT Follow your favorite stocksCREATE FREE ACCOUNT People walk by the New York Stock Exchange (NYSE) on November 02, 2023 in New York City.  Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings

In this article UBSG-CH AMZN UBER MSFT Follow your favorite stocksCREATE FREE ACCOUNT Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, during a Bloomberg Television interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 25, 2023. David Paul Morris | Bloomberg | Getty Images

Maxim Shemetov | Reuters Saudi state oil giant Aramco posted a 23% drop in net profit in the third quarter, down to $32.6 billion attributable to “the impact of lower crude oil prices and volumes sold,” the company said Tuesday. The third-quarter net profit result marked a steep decline from $42.4 billion the same time

Indicted FTX founder Sam Bankman-Fried arrives at the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters Twelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony from nearly 20 witnesses. The case was handed to the jury

Zoom In IconArrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY Over the past month, lawyers in the criminal trial of Sam Bankman-Fried have brought close to 20 witnesses to the stand and presented hundreds of exhibits to the 12 jurors who will decide the fate of the

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, January 3, 2023. David Dee Delgado | Reuters In Sam Bankman-Fried’s fraud trial, prosecutors won quickly by keeping it simple. Jurors needed