Environment

The busiest earnings week of the summer is here — oh, and the Federal Reserve will announce its latest decision on interest rates Wednesday afternoon as the U.S. central bank tries tame the hottest inflation in four decades. Don’t forget the first look at second-quarter gross domestic product Thursday morning. That’s when we find out

President Joe Biden announced new executive steps to combat climate change on Wednesday, but fell short of issuing a climate-emergency declaration as some Democrats have called for amid stalled negotiations over major environmental legislation in Washington. “Since Congress is not acting as it should … this is an emergency and I will look at it

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 Monday’s key moments. 1. What Netflix earnings mean for Disney 2. Halliburton has a cheap valuation 3. Bausch + Lomb chairman steps down 4. Quick mentions: AAPL, AMZN 1. What Netflix earnings mean

In this article SHEL-GB EDP-PT RWE-FF RWE-DE This illustration shows how SolarDuck’s technology could be deployed at sea. SolarDuck German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of “floating solar

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

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

Uniper has been in talks with the German government about a possible bailout. Picture Alliance | Picture Alliance | Getty Images Germany agrees 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 bailout package will see the

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

In this article GE People visit the General Electric stand during the China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 7, 2018 in Shanghai, China. VCG | Getty Images General Electric on Monday revealed the names of the three distinct companies that will result from the conglomerate’s historic split:

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.

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

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

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