Environment

LONDON — Britain’s energy regulator announced Friday it will raise its main cap on consumer energy bills to an average £3,549 from £1,971 a year, as campaign groups, think tanks and politicians call on the government to tackle a cost-of-living- crisis. The price cap limits the standard charge energy suppliers can bill domestic customers for

A charging port on a 2022 Lincoln Corsair Grand Touring plug-in hybrid vehicle during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, Nov. 18, 2021. Bing Guan | Bloomberg | Getty Images California, the country’s most populous state and the center of U.S. car culture, is banning the sale of

“There’s a point when energy bills are hike[d] so high that it would be cheaper to commute to work than heat your home during the day, and for some people it will be enough to prompt a return to work,” said Sarah Coles, senior personal finance analyst at Hargreaves Lansdown. Hinterhaus Productions LONDON — High

Coal is unloaded onto large piles at the Ulan Coal mines near the central New South Wales rural town of Mudgee in Australia, March 8, 2018. David Gray | Reuters Shares of Australian coal producer Whitehaven has risen 200% this year. The share price of the Australian-listed miner has risen about 150% since the Russia-Ukraine

We’re updating the way we think about the price levels of two stocks in the Club portfolio — upgrading Qualcomm (QCOM) to a 1 rating after a recent pullback and downgrading Devon Energy (DVN) to a 2 rating after a recent rally. Qualcomm upgrade We are upgrading our rating on QCOM to a 1 rating

With natural gas prices in the U.S. and around the globe off the charts high, we’re looking at what that means for our energy stocks. Early Tuesday, U.S. natural gas surged to 14-year highs — over $10 per million British thermal units. But it turned sharply lower later and settled down about 4% at just over $9 after the expected restart

Augustine Beach, Delaware 7-14-2014 The Salem Nuclear Power plant located at the Hope Creek Generating Station in New Jersey as seen from across the Delware Bay in Augustine Beach. Credit: Mark Reinstein (Photo by Mark Reinstein/Corbis via Getty Images) Mark Reinstein | Corbis Historical | Getty Images The sweeping Inflation Reduction Act that President Joe Biden

Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out

Tim Graham | Getty Images News | Getty Images LONDON — An expected surge in U.K. energy prices this winter is being described as a national emergency, posing at least as great a financial threat as the coronavirus pandemic.  The upcoming increase in a regulator-set limit on consumer energy bills is predicted to push a

New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to blame for soaring inflation, pointing the finger instead at chronic underinvestment in the oil and gas industry. “OPEC is not behind this price increase,” Al Ghais told CNBC’s Hadley Gamble. “There are other factors beyond OPEC that are really

Pioneer Natural Resources (PXD) CEO Scott Sheffield said the oil company plans to continue returning most of its cash flow to shareholders, noting the “growth days of the industry are over.” That was just one of the takeaways from Sheffield’s wide-ranging interview with CNBC’s Jim Cramer on Wednesday. Sheffield, who founded Pioneer 25 years ago,

Ukrainian Emergency Ministry rescuers attend an exercise in the city of Zaporizhzhia on August 17, 2022, in case of a possible nuclear incident at the Zaporizhzhia nuclear power plant located near the city.  Dimitar Dilkoff | AFP | Getty Images Russia’s Ministry of Defense warned Thursday that if an accident occurs at the nuclear power

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 Thursday’s key moments: Cisco Systems looking strong Quick takes on Bullpen: SBUX, EL Prepare to pounce on Nvidia Still a chance to buy Pioneer 1. Cisco Systems looking strong Cisco Systems (CSCO) beat

A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than expected from a year ago, and was flat on the month, meaning that a basket

A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K.

Inside what’s called the amplifier bay of the Texas Petawatt Laser, where the energy of a laser pulse is boosted. The green light are the pump lasers that amplify or boost the energy of the main laser. Photo courtesy Todd Ditmire As the effects of climate change become more obvious, the promise of nuclear fusion

European governments are scrambling to fill underground storage with gas supplies to provide households with enough fuel to keep homes warm during winter. Picture Alliance | Picture Alliance | Getty Images Germany’s natural gas storage facilities surpassed a fill level of more than 75% this month, two weeks ahead of schedule, as Europe’s largest economy

A man walks in Greenwich Park, London, on August 14, 2022. On August 17, Thames Water said a Temporary Use Ban covering London and the Thames Valley would begin next week. Dominic Lipinski | PA Images | Getty Images LONDON — Britain’s Thames Water said Wednesday that a Temporary Use Ban covering London and the

Liz Truss and Rushi Sunak during The Sun’s Showdown: The Fight for No10, the latest head-to-head debate for the Conservative Party leader candidates. The next prime minister will be forced to confront a historic cost of living crisis as food and energy prices soar and real income shrinks. Dominic Lipinski | Pa Images | Getty

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 Tuesday’s key moments: We want growth without inflation WMT, HD earnings beats boost retailers Quick mentions: CTRA, DIS, WFC 1. We want growth without inflation Stocks were mixed Tuesday, with tech names keeping