Workers are seen at the construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Leningrad region, Russia, June 5, 2019. Anton Vaganov | Reuters LONDON — Natural gas is one of several commodities caught in the crossfire of the conflict in Ukraine, and the European economy could take a hit
Environment
Attendees during the 2022 CERAWeek by S&P Global conference in Houston, Texas, U.S., on Wednesday, March 9, 2022. F. Carter Smith | Bloomberg | Getty Images The annual CERAWeek by S&P Global energy conference in Houston, which wrapped up Friday, could not have come at a better — or more fraught — time. Energy executives,
An overhead view of a tidal turbine from Orbital Marine Power on September 6, 2021. William Edwards | AFP | Getty Images European installations of tidal and wave energy capacity jumped in 2021, as the ocean energy sector saw deployments revert to pre-pandemic levels and a substantial increase in investment. In figures released Thursday, Ocean
U.S. House Minority Leader Kevin McCarthy (R-CA) holds a news conference with Republican House military veterans of the war in Afghanistan after a Biden administration briefing for the members of the House of Representatives at the U.S. Capitol in Washington, D.C., U.S. August 24, 2021. Jonathan Ernst | Reuters Kevin McCarthy is a Republican from
In this article EDF-FR An aerial shot of the Severn Estuary from 2010. Jamie Cooper | Sspl | Getty Images An independent commission in the U.K. is to revisit the possibility of using the Severn Estuary, a large body of water between England and Wales, to harness tidal energy. The commission will be set up
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting. The Consumer Price Index jumped 7.9% in February relative to a year earlier, the largest
Solar panels in the Indian state of Karnataka. Jonas Gratzer | LightRocket | Getty Images Declining costs have been a key driving force behind solar adoption, but in 2021 prices jumped as broad economic challenges — including supply chain constraints — hit the industry. In some portions of the solar industry, prices rose as much
The U.S. needs to boost oil production to replace banned Russian crude instead of possibly looking to Iran or Venezuela, which are also run by dictators, House Minority Leader Kevin McCarthy, R-Calif., told CNBC on Wednesday. “Why would you take the billions of dollars you provide to [Russian President Vladimir Putin] and just give it
A worker cutting steel pipes near a coal-powered power station in Zhangjiakou, China, on November 12, 2021. Greg Baker | AFP | Getty Images Energy-related carbon dioxide emissions rose to their highest level in history last year, according to the International Energy Agency, as economies rebounded from the coronavirus pandemic with a heavy reliance on
David Neeleman, founder and chief executive officer of Breeze Airways, during a champagne christening before the airlines’s inaugural flight at Tampa International Airport (TPA) in Tampa, Florida, May 27, 2021. Matt May | Bloomberg | Getty Images Breeze Airways on Tuesday said it plans nearly double its network to 77 routes this spring and summer,
This image from 2016 shows a wind turbine on property used by MidAmerican Energy’s Eclipse Wind Farm in Adair, Iowa. Daniel Acker | Bloomberg | Getty Images New wind installations fell in 2021 as the industry faced a series of challenges, including supply chain headwinds, logistics logjams and international trade barriers, according to new analysis
In this article OXY Carl Icahn has sold the last of what was once a 10% stake in energy company Occidental Petroleum, The Wall Street Journal reported, ending an uneasy relationship between the billionaire activist investor and the oil-and-gas producer just as the latter’s shares surge. Carl Icahn speaking at Delivering Alpha in New York
The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022. Christopher Occhicone | Bloomberg | Getty Images U.S. crude oil surged more than 8% in early trading on Sunday evening as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and
BIRKENHEAD, ENGLAND – JANUARY 26: Oil tankers unload at the Essar Oil Tranmere Terminal on the River Mersey. Christopher Furlong | Getty Images News | Getty Images LONDON — Dock workers in Britain are taking a stand against Russia’s invasion of Ukraine with ports in the country refusing to unload Russian oil and gas. Tough
The Vogtle Unit 3 and 4 site, being constructed by primary contractor Westinghouse, a business unit of Toshiba, near Waynesboro, Georgia, is seen in an aerial photo taken February 2017. Georgia Power | Reuters Climate change and global security are pushing against each other in shaping the future. That’s particularly apparent in this week’s events
Oil pumping jacks, also known as “nodding donkeys”in a Rosneft Oil Co. oilfield near Sokolovka village, in the Udmurt Republic, Russia, on Friday, Nov. 20, 2020. Bloomberg | Bloomberg | Getty Images The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas
Energy sector ETFs are reaching new multiyear highs this week as the conflict between Russia and Ukraine intensifies. The Energy Select Sector SPDR Fund (XLE) hit highs not seen since 2018 on Thursday. The SPDR S&P Oil & Gas Exploration and Production ETF (XOP) climbed to levels not seen since 2019. On Feb. 24 “when
An artist rendering of the future South Brooklyn Marine Terminal, transformed into a major hub for wind turbine construction. Artist rendering courtesy Equinor New York City is moving to become one of the largest port facilities for offshore wind farm parts in the United States. Mayor Eric Adams announced on Thursday that the South Brooklyn
Local residents are seen in front of partially empty shelves at a supermarket in Kyiv, Ukraine March 3, 2022. Mykhailo Markiv | Reuters Donations in cryptocurrencies like bitcoin and ethereum are pouring into Ukraine as the war with Russia enters its second week. Since Moscow invaded on Feb. 24, more than 102,000 cryptoasset donations, totaling
Oil prices are spiraling higher on supply concerns as the Russia-Ukraine crisis develops, and this could lead to demand destruction and an economic recession, according to an oil analyst. “I’m concerned that we don’t have enough oil at all here, and we need to go to $120 to $150 [per barrel], and then we get
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