Environment

Sri Lanka will need to emerge from its current state of chaos before the International Monetary Fund can step in with a bailout, according to a professor from Johns Hopkins University. “The IMF cannot… interact with the government when things are in a continuing crisis mode. So until the government stabilizes, until they have a

Uniper has been in talks with the German government about a possible bailout. Picture Alliance | Picture Alliance | Getty Images Germany on Friday agreed to bail out Uniper with a 15 billion euro ($15.24 billion) rescue deal, as the embattled energy company becomes the first major casualty of Russia’s natural gas squeeze. The package

In this article TSLA VOWB-FF VOW3-DE 8JO-FF STERV-FI This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunkett | Bloomberg | Getty Images Northvolt will partner with Stora Enso to develop batteries

One of the ways that the sector is seeking to replace conventional fossil jet fuel is by exploring the use of sustainable aviation fuels, or SAF. Justin Tallis | Afp | Getty Images FARNBOROUGH, England — Airline executives at Britain’s Farnborough International Airshow are betting on the use of so-called sustainable aviation fuels to reduce

Nord Stream 1 provider said gas flows have resumed after maintenance works. Hannibal Hanschke | Reuters The operator of Nord Stream 1, a key gas pipeline which runs from Russia to Germany, said Thursday it was in the process of resuming flows to Europe. There had been concerns across the region that there could be

Cherise Jackson fills up her Toyota Prius after visiting six other gas stations that ran out of fuel as demand for gasoline surges following the cyberattack that crippled the Colonial Pipeline, in Durham, North Carolina, May 12, 2021. Jonathan Drake | Reuters Gasoline prices may have peaked for the summer and are now heading toward

Protestors here seen gathering outside the presidential secretariat in Colombo a week ago, have achieved their aim, with legislators soon to elect a new president to replace Gotabaya Rajapaksa, who fled the country and resigned as president. Arun Sankar | Afp | Getty Images Business confidence in Sri Lanka is at its lowest in years, according

Wall Street analysts issued a slew of notes on the energy sector Tuesday morning, as many companies in the oil and gas industry are slated to release second-quarter earnings in the coming weeks. In this piece, we’re going to provide a quick overview on what the analysts at Morgan Stanley, Mizuho Securities, Piper Sandler and

In this article UN01-DE .IMOEX Russia’s energy giant Gazprom has said it cannot fulfil its gas contracts with Europe. Bloomberg | Bloomberg | Getty Images LONDON — Russia’s energy giant is threatening to send less gas to Europe — but Germany, one of its main importers, has rejected the idea. Majority state-owned Gazprom said Monday

New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have

Workers walk past a gas storage tank at the constriction site of the Trans Adriatic Pipeline receiving terminal in Melendugno, Italy, on Tuesday, May 22, 2018. Bloomberg | Bloomberg | Getty Images LONDON — The EU is to sign a new gas deal with Azerbaijan as officials scramble to secure future supplies amid growing fears

Celsius filing for bankruptcy this week surprised virtually no one. Once a platform freezes customer assets, it’s typically all over. But just because the fall of this embattled crypto lender didn’t come as a shock, doesn’t mean it wasn’t a really big deal for the industry. In October 2021, CEO Alex Mashinsky said the crypto

The best way to stabilize oil prices is to boost supply, and alternatives to Russian oil are available to the world, said Mathias Corman, the secretary-general of the Organization for Economic Cooperation and Development. Speaking to “Squawk Box Asia” on Friday from the Group of 20 meeting of financial leaders in Bali, Indonesia, Cormann said

An employee monitors for gas leaks during safety checks at Uniper’s Bierwang natural gas storage facility. Bloomberg | Bloomberg | Getty Images German energy giant Uniper on Friday said it is having to draw down gas from storage facilities, reducing supplies needed for winter even as Europe is experiencing an extreme heatwave. The embattled utility

An office worker carries a large fan in central London on July 12, 2022. On Friday, the Met Office issued a Red Extreme heat warning for parts of the country. Yui Mok | PA Images | Getty Images The U.K. on Friday issued a “Red Extreme” heat warning, with authorities saying temperatures could potentially hit

Sunrun installer putting up solar electric panels on a residential rooftop in California. Source: Sunrun Solar stocks tumbled Friday after Senator Joe Manchin said he will not support increased spending to address climate change, according to NBC News, citing a Democrat briefed on the conversations. The Invesco Solar ETF, which tracks the industry, was down

Capping Russian oil prices won’t solve the world’s energy problems, said Indonesian Finance Minister Sri Mulyani Indrawati on Friday. Prices are high because demand outstrips supply, which has been disrupted, and a price ceiling will not resolve that, she said. “Putting a cap definitely is not going to solve the problem, because it is about

A pumpjack pumps oil in the Inglewood Oil Field as seen from the Kenneth Hahn State Recreation Area on July 13, 2022 in Los Angeles, California. – US consumer price inflation surged 9.1 percent over the past 12 months to June, the fastest increase since November 1981, according to government data released on July 13.

BALI, Indonesia — U.S. Treasury Secretary Janet Yellen has warned that inflation in the U.S. is “unacceptably high” and said bringing down rising prices will be Washington’s “top priority.”  Data released on Wednesday showed U.S. consumer inflation rose to 9.1%, the highest level since 1981.  “We’re first and foremost supportive of the Fed’s efforts; what

In this article DUK An employee leaves in his car from the nuclear plant on Three Mile Island, with the operational plant run by Exelon Generation on the right, in Middletown, Pennsylvania on March 26, 2019. Andrew Caballero-Reynolds | AFP | Getty Images There is no technology that can replace nuclear energy today, Lynn Good,