Environment

German Chancellor Olaf Scholz last week announced a package worth 200 billion euros ($198 billion) designed to help with soaring energy prices. The “defensive shield” includes a gas price brake and a cut in sales tax for fuel. Steffi Loos | Pool | Reuters Amid downbeat predictions of a recession in Germany and the wider

The Kremlin behaved “like a drug dealer” when it comes to Europe’s gas supplies, according to Poland’s Prime Minister Mateusz Morawiecki. “Initially the gas [from Russia] was supposed to be very cheap, but the real price of the gas we now know. The real price of the gas is also the blood of soldiers and

An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held on October 05, in Vienna, Austria.  Joe Klamar | AFP | Getty Images Saudi Arabia’s decision to ally with

Zachary Bogue, co-managing partner for Data Collective LLC, speaks during the Future of Innovation: Spotlight on Artificial Intelligence Conference in San Francisco, California, U.S., on Thursday, June 22, 2017. The market for AI technologies is estimated to generate more than $60 billion in productivity improvements for U.S. businesses annually. Bloomberg | Bloomberg | Getty Images

In this article GM XOM OXY DE Follow your favorite stocksCREATE FREE ACCOUNT A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transition, that bested ExxonMobil in a 2021 proxy contest upset

In this article GE Follow your favorite stocksCREATE FREE ACCOUNT The Invenergy Judith Gap wind farm in central Montana, uses 90 wind turbines from GE. William Campbell | Corbis Historical | Getty Images General Electric is laying off 20 percent of its U.S. onshore wind workforce, which equates to hundreds of jobs, according to a

OPEC and its oil-producing allies agreed Wednesday to their largest cut to daily crude output since the early days of the Covid-19 pandemic, a decision the Club took steps to prepare for earlier this week by paring our energy exposure. The Organization of Petroleum Exporting Countries and a group of partner producers led by Russia, together

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices

We’re selling 100 shares of Devon Energy (DVN) at roughly $68.48 each. Following Tuesday trade, Jim’s Charitable Trust will own 500 shares of DVN, decreasing its weighting in the portfolio to 1.24% from 1.48%. We’re making our second small trim — this time in Devon Energy — into Tuesday’s rally as we slowly begin the process of

In this article RWE-DE Follow your favorite stocksCREATE FREE ACCOUNT Jens Auer | Moment | Getty Images Energy firm Orsted is to continue or restart operations at three fossil fuel facilities after being ordered by Danish authorities to do so, as governments around Europe ready themselves for winter amid the energy crisis. In a statement

In this article RUN Follow your favorite stocksCREATE FREE ACCOUNT Solar panels may be the epitome of green hardware, but as the technology advances and more powerful panels take over the market, older panels are turning into harmful waste. Now one California-based startup, SolarCycle, is taking advantage of that waste by recycling components of the

An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start of the coronavirus pandemic this week, a historic move that energy analysts say could push oil prices back toward triple digits. OPEC and non-OPEC producers, a group often referred to as OPEC+, will

The United Arab Emirates will continue to supply the world with energy for as long as it needs it, its Minister for Climate Change and Environment Mariam Almheiri said in an exclusive interview with CNBC. “As long as the world needs oil and gas, we’re going to give it to them,” Almheiri told CNBC’s Hadley

In this article BLK EQNR GE CNA-GB Follow your favorite stocksCREATE FREE ACCOUNT Pylons photographed in the U.K. The project involving Centrica and GE will store energy from onshore wind farms in Lincolnshire. Gareth Fuller | PA Images | Getty Images A decommissioned gas-fired power station in Britain is set to be repurposed and converted

A Vestas wind turbine photographed in Denmark. The company said Tuesday it would launch an onshore wind turbine tower with a hub height of 199 meters. Jonas Walzberg | Picture Alliance | Getty Images Danish firm Vestas said Tuesday it was launching an onshore wind turbine tower with a hub height measuring 199 meters (just

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images Unexplained gas leaks along two underwater pipelines connecting Russia to Germany have sent huge volumes

BORNHOLM, DENMARK – SEPTEMBER 27: Danish Defense shows the gas leaking at Nord Stream 2 seen from the Danish F-16 interceptor on Bornholm, Denmark on September 27, 2022. Danish Defence/ | Anadolu Agency | Getty Images Spanish Energy Minister Teresa Ribera said Thursday that the damage caused to the two subsea Nord Stream gas pipelines

Citroen’s oli concept car photographed in Paris on September 29, 2022. The carmaker says it has a top speed of 68 miles per hour. Eric Piermont | AFP | Getty Images French automaker Citroen released details of a new electric concept vehicle Thursday, with its CEO telling CNBC that the electrification of individual transport represented

The new economic measures laid out by the U.K. government “will likely increase inequality”, according to a spokesperson from the International Monetary Fund. Yuri Gripas | Reuters LONDON — The new economic measures laid out by the U.K. government “will likely increase inequality,” the International Monetary Fund said in a rare statement. While the fiscal

The European Union on Wednesday raced to find out exactly what happened and why after mystery gas leaks hit two underwater Russian gas pipelines, warning of retaliatory measures for any deliberate attack on the region’s energy infrastructure. In a statement on behalf of all 27 members, EU foreign policy chief Josep Borrell said Wednesday that