Energy

Energy 2023-09-03T13:20:01Z
Stacks of lithium ion batteries.

The Ukraine War has accelerated research into lithium-ion battery alternatives, including ones made of sand

The lithium-ion batteries used in electric cars are marred by child labor and environmental concerns. Some say plain old sand is the solution.
Energy 2023-08-31T09:49:01Z
LNG tankers

Europe's plan to wean itself off Russian fossil fuels by 2027 has a major flaw

The bloc is on track to import record volumes of Russian LNG this year to make up for lost piped gas.
Energy 2023-08-25T16:00:17Z
Wind turbines pictured at sunset.

Renewable energy sources have kept the Texas power grid stable this summer even as the state breaks record after record for power usage

Yet, Texans received a warning on August 24 that the power grid was approaching its limit because of low wind-power generation and high demand.
Economy 2023-08-23T10:00:01Z

The looming crisis that's going to crush homeowners from coast to coast

Catastrophic fires and killer storms have jacked up the price of home insurance by 200% — and the financial turmoil is just getting started.
Play Icon A triangle pointing right. It indicates that this type of media can be played or that the linked content is playable. Supercut 2023-08-18T20:40:54Z

Ecuador could make history by banning oil drilling in the Amazon

Ecuador voters decide on August 20 whether drilling will continue in an oil-rich area of the Amazon.
Science 2023-08-08T19:51:19Z

US scientists trying to harness the power of the sun have made a 2nd major breakthrough for the future of sustainable, green energy

For the second time, scientists have taken one significant step forward toward a future that runs on clean, sustainable nuclear fusion-powered energy.
Economy 2023-07-25T09:00:01Z

A 72-year-old woman in Phoenix got her power cut over a $51 bill when it was 107 degrees — and she died. Her memory is behind efforts to stop future deaths.

Stephanie Pullman died in 2018 after her power was shut off. Even today, advocates say her memory is a warning. Phoenix has hit 110 every day in July.
Science 2023-07-24T07:10:26Z

Who was Lewis Strauss, the villain played by Robert Downey Jr. who tried to frame J. Robert Oppenheimer as a communist?

Strauss levied communist accusations against physicist J. Robert Oppenheimer after years of disagreement over the construction of thermonuclear weapons.
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Transportation 2023-07-22T13:11:29Z
Energy 2023-07-16T14:45:00Z

Heat wave puts small businesses under pressure as temperatures – and bills – keep climbing

Some workers are bearing the brunt of this summer's searing temperatures, as demand for air conditioning taxes power grids.
Energy 2023-07-14T21:24:02Z

Why Exxon Mobil is spending $4.9 billion on a company that pumps carbon dioxide back into the earth

Exxon Mobil's deal to acquire oil company Denbury shows the oil giant's interest in getting ready for a low-carbon world.
Economy 2023-06-26T06:22:48Z

Inflation is finally cooling — but the Wagner Group's attempted mutiny in Russia may send it back up, analysts warn

Historically, geopolitical events in major oil producers have increased prices by 8% in the five days after they started, wrote Rystad's Jorge Leon.
Transportation 2023-06-23T11:00:00Z

Biden is lending billions to Ford to help America win the EV race with China

The Department of Energy has allocated $9.2 billion to a joint venture involving Ford and a Korean company for three plants in Tennessee and Kentucky.
Real Estate 2023-06-04T14:30:52Z

Arizona governor slams the brakes on Phoenix development because it doesn't have enough water

A model of the state's groundwater supply over the next 100 years showed that demands in the Phoenix area "will not be met without further action."
Economy 2023-06-03T10:28:00Z

California's electricity bills could soon be based on how much you make — and some people are furious

Electric bills in Los Angeles would have a $15 fixed charge if you make under $28,000, or $92 if you make more than $180,000. Some say that's unfair.
Energy 2023-06-01T18:05:49Z

Exxon and Chevron investors shoot down climate proposals after a year a record profits

Exxon and Chevron investors rejected climate-change proposals after a year of record profits at the oil giants.
Energy 2023-05-31T19:15:15Z

Joe Manchin is set to get a big win out of the debt ceiling deal on a gas pipeline that Virginia Democrats and environmentalists hate

Biden and House Republicans included a provision in the debt ceiling deal fast-tracking construction of a gas pipeline Manchin has long pushed for.
Energy 2023-05-25T10:01:47Z

A remote-working employee of the world's biggest nuclear power plant left important documents on the roof of his car before driving off. It could delay a Tepco plant restart.

The Kashiwazaki-Kariwa nuclear power plant has been offline since 2012 due to safety lapses and strict regulations after the 2011 Fukushima disaster.
Tech 2023-05-24T18:43:26Z

Some climate-tech startups want you to believe AI tools can save the planet — but it's not that simple

AI has the potential to capture quality data to understand your carbon footprint. But some view it as a distraction that might do more harm than good.
Energy 2023-05-22T10:19:43Z

Asia is in the middle of a record heatwave, and Russia is reaping the financial rewards of it

Several countries in Asia have been experiencing record-high temperatures in recent weeks, driving demand for air-conditioning.
Energy 2023-05-21T14:42:09Z

Spain has produced enough renewable energy to power its entire country for a 9-hour work day

Setting a new record, Spain's mainland was powered with just sun, wind, and water energy between 10 a.m. and 7 p.m. last Tuesday.
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Transportation 2023-05-19T01:30:13Z

The Chinese EV market is exploding. Here are the 5 major Chinese EV brands you should know about.

BYD, Nio, Wuling, Xpeng, and Zeekr are some major Chinese EV brands at home and abroad.
Energy 2023-05-18T08:40:52Z

Russia admits there are 'problems' with energy revenues plunging over 50% in the first quarter of 2023 — and blamed them on 'all these discounts': report

"There is a problem with energy revenues," finance minister Anton Siluanov admitted in a public video conference with President Vladimir Putin.
Economy 2023-05-16T10:02:00Z

China is kicking America's ass in the EV battery race and it's going to define the 21st century

In the war to dominate the future of technology, China is crushing America in one key area: building a better battery.
Energy 2023-05-15T17:56:54Z

The US wants to cut carbon emissions from power plants. Here are the 15 states where coal is king.

The US government wants to limit pollution coming from power plants. This could push coal facilities to install new equipment or shut down.
Energy 2023-05-10T05:14:51Z

Pakistan will do anything to get cheap oil as its economic crisis drags on — including paying for it in the Chinese yuan

Pakistan's shift to the yuan to pay Russia for crude oil comes as countries globally begin lining up backup currencies for trade.
Energy 2023-05-09T09:04:52Z

A fleet of aging tankers is transporting sanctioned oil around the globe — and it's becoming an insurance nightmare because nobody knows who owns them

Pablo, a Gabon-flagged tanker carrying Iranian oil caught fire near Malaysia last week. Authorities still don't know who to approach for damages.
Economy 2023-05-02T05:24:32Z

For the first time since it invaded Ukraine, Russia is expected to start buying Chinese yuan again to replenish its foreign reserves

The move indicates that Western sanctions and a G7-led price cap on Russian crude aren't enough to curb Russia's energy revenues.
Energy 2023-04-13T15:56:30Z

From black to green: How an oil-and-gas company pivoted to embrace wind energy — and is now raking in billions

Danish energy company Ørsted recorded $2 billion in profits last year and is the the world's biggest producer of offshore wind.
Economy 2023-03-23T10:00:00Z

America's electrical grid is headed for a total meltdown

Major power outages are more common and last longer than they did 10 years ago. It's a sign our electric grid is unprepared for the climate crisis.
Energy 2023-03-09T21:32:57Z

Companies that mine copper are making plans to go green so they can help the rest of the world do the same

Some of the world's biggest copper miners have agreed to clean up their operations. The world will need more copper to move to clean energy.
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Energy 2023-03-02T18:45:18Z

Carbon emissions hit a record last year, but rapid growth in renewable energy kept the increase from being far bigger

Solar and wind power grew and one in seven cars sold globally in 2022 was electric. The shifts helped prevent a spike in carbon-dioxide emissions.
Energy 2023-03-02T14:26:28Z

The energy CEO poisoned with cyanide-laced coffee plans to 'lay low' and 'watch out for who invites me to coffee' after losing access to his bodyguard

Eskom's former CEO said he's going to "lay low" and go abroad for a while, but that he won't flee South Africa for good.
Energy 2023-02-23T21:53:13Z

Ukraine's top climate scientist put solar panels on her apartment roof so she could keep the lights on for her son with autism

Svitlana Krakovska is pushing Ukraine to adopt more green infrastructure as the country looks at how it might rebuild after Russia's invasion.
Finance 2023-02-23T19:10:00Z

BNP Paribas is the first commercial bank to be sued over its fossil-fuel financing

The bank is one of the top financiers of fossil-fuel companies, with outstanding loans of $25 billion to the sector.
Energy 2023-02-23T12:54:17Z

An energy CEO poisoned with a cyanide-laced coffee joked that you should 'never have a personalized mug' in an explosive interview on South African TV

Eskom's former CEO said the coffee machine where he usually got his drinks was broken the day he was poisoned with cyanide.
Markets 2023-02-15T09:28:00Z

Europe is now stuck with a huge stockpile of natural gas after hoarding it last year for a brutal winter that never came

European countries have hoarded so much natural gas at higher prices earlier that it's now stuck with stockpiles that have depreciated in value.
Energy 2023-02-06T12:26:07Z

The energy giant whose boss was poisoned with cyanide is looking for a new CEO — a role described as 'impossible' and the 'worst job in global energy'

South Africa's biggest energy company is looking for a new CEO who can take "calculated risks and make tough decisions."
2023-02-02T15:30:00Z

For one energy company, digital transformation was the catalyst for positive social impact

As energy bills rise, companies have a duty to care for their vulnerable customers. For gas company SGN, Lenovo's products have helped.
Markets 2023-01-27T11:46:47Z

Goldman Sachs sees oil prices heading to $100 a barrel by the third quarter of 2023 amid China reopening

Goldman Sachs analyst Nikhil Bhandari said China's reopening could add up to 1.6 million barrels a day of oil demand to the market.
Markets 2023-01-27T09:14:11Z

Asia's richest person doubles down on defence against fraud allegations ahead of a massive share sale

Adani Group issued an 18-page presentation responding to short-seller Hindenburg's allegations, titled "Myths of Short Seller."
Economy 2023-01-18T10:53:00Z

From a US recession to a Chinese recovery, Wall Street's predictions for 2023 are already proving to be wrong, wrong, wrong

From China bouncing back, to a US recession, to a harsh winter in Europe, Wall Street's expert are already getting stuff wrong.
Politics 2023-01-18T08:56:12Z

Qatar backpedals on energy minister's comment that Europe would be able to 'forgive and forget' Russia for invading Ukraine

"Qatar has a very clear political stance on this: we don't accept the invasion of another country," Qatar's foreign minister told CNBC amid the gaffe.
Markets 2023-01-17T06:14:44Z

Russia's seaborne crude exports surge to an 8-month high, thanks to shipments to China and India

Russia's crude oil exports rose 30% to 3.8 million barrels a day in the week ending January 13, marking an eight-month high despite the EU's oil ban.
Energy 2023-01-13T16:47:19Z

South Africa's president says energy workers face so much danger that some wear bulletproof vests to work, days after a prominent CEO's poisoning was revealed

Eskom's CEO Andre De Ruyters told the Financial Times in October that the energy giant is vulnerable to criminal groups looting coal to sell abroad.
Energy 2023-01-12T21:31:00Z

Oceans are absorbing heat equal to 5 Hiroshima bombs every second and that's helping power massive storms

Oceans trap the majority of the heat from the greenhouse gas emissions humans create. As a result, the air also gets warmer and holds more moisture.
Science 2023-01-12T19:20:29Z

ExxonMobil's secret projections of the climate crisis were astonishingly accurate, and a legal expert says that's 'a stick of dynamite' for the oil giant's court battles

Exxon scientists knew about the coming climate crisis in precise detail, a new Harvard study found. Legal experts say the evidence could swing juries.
Economy 2023-01-11T08:20:34Z

Russia's windfall from high energy prices in 2022 is 'starting to wear out,' but it's still making $687 million a day despite the EU ban, new research shows

The sanctions slashed Russia's fossil fuel revenues by about $172 million a day — revenues were around $1.1 billion a day between March and May 2022.
Energy 2023-01-09T14:20:03Z

The CEO of an African energy giant was poisoned with cyanide slipped into his coffee, just days after he resigned

According to reports, Andre De Ruyter was served a coffee in his usual mug at Eskom's headquarters. He immediately became "weak, dizzy and confused."
Energy 2023-01-05T16:18:58Z

Transmutex is aiming to solve the nuclear-waste problem with its transmuter solution. See the pitch deck it used to raise $8 million.

The Swiss startup aims to provide clean nuclear energy using its transmuter solution. Investors included NY VC Union Square Ventures' climate fund.
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