Environment

In this article ULVR-GB Alan Schein Photography | The Image Bank | Getty Images The former CEO of consumer goods giant Unilever has told CNBC it was “disappointing” that the Glasgow Climate Pact’s language on coal was watered down, but expressed hope that it will be firmed up at the COP27 and COP28 summits in

Long-term market bull Jeremy Siegel expects a serious pullback that it isn’t tied to the Covid-19 surge risks. His tipping point: a drastic change in Federal Reserve policy in order to deal with hot inflation. “If the Fed suddenly gets tougher, I’m not sure that the market is going to be ready for a U-turn

President Joe Biden speaks during a visit to the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, Nov. 17, 2021, in Detroit. Evan Vucci | AP DETROIT – Now that President Joe Biden‘s $1 trillion infrastructure bill is law, Democrats are setting their sights on his Build Back Better Act to further advance the

Byron, UNITED STATES: The Exelon Byron Nuclear Generating Stations running at full capacity 14 May, 2007 in Byron, Illinois, is one of 17 nuclear reactors at 10 sites in three US states, is the nation’s largest operator of commercial nuclear power plants and third largest in the world. In the US, nuclear operators have focused

In this article RY4C-IE AIR-FR BMW-DE RR.-GB Rolls-Royce’s all-electric Spirit of Innovation takes to the skies for the first time. Courtesy: Rolls-Royce Rolls-Royce said Friday its electric aircraft had reached a maximum speed of 623 kilometers per hour (a little over 387 miles per hour), with the firm claiming this made the airplane the “world’s

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 Oil prices fell to a six-week low on Friday as new Covid lockdowns sparked demand concerns just as industry players signal a return

An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration on Wednesday is opening more than 80 million acres in the Gulf of Mexico to auction for oil and gas drilling, a record offshore

In this article JNJ GE MORN Cincinnati – Circa September 2021: General Electric Global Operations Center. jetcityimage | iStock Editorial | Getty Images Two major companies — General Electric and Johnson & Johnson — announced this month that they’ll be splitting up into multiple entities. GE, priced at around $102 a share on Wednesday, will

Kemmerer, Wyoming, is a frontier coal town. It was organized in 1897 by coal miners and still employs people in the coal and natural gas industries today. Photo courtesy TerraPower TerraPower, a start-up co-founded by Bill Gates to revolutionize designs for nuclear reactors, has picked Kemmerer, Wyoming, as the preferred location for its first demonstration

It may be evidence inflation is meaningfully stretching budgets. According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season. “There’s still this narrative that the rebound is there,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. “The hope

The EU’s climate chief told CNBC that he “wouldn’t be too critical of China” when it comes to assessing negotiations at the COP26 climate change summit in Glasgow, Scotland. The deal agreed at COP26 sought to build on 2015’s Paris Agreement and prevent the worst effects of climate change, although it faced stumbling blocks related

In this article RWE-DE Markus Krebber, CEO of RWE AG, photographed during a press conference on November 15, 2021. Fabian Strauch/dpa | picture alliance | Getty Images Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE. “When you look long

In this article BP.-GB An employee looks out over the illuminated petroleum cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Russia. Bloomberg / Contributor The CEOs of some of the world’s leading energy companies have defended their position in the energy mix after the COP26 climate summit focused attention on the future of the industry.

A ConocoPhillips refinery in Wilmington, California. Jonathan Alcorn | Bloomberg | Getty Images The world needs to reduce carbon levels, and one way is through a carbon tax, a strategy the U.S. has been debating for decades.    With urgent calls to lower greenhouse gas emissions globally, putting a price on carbon was one of the major points of discussion among world leaders at the COP26 conference in

Heidi Gutman | CNBC Projections for oil prices to hit $100 per barrel overlook key questions over the future of demand, according to Mohamed El-Erian, chief economic advisor at Allianz and chair of Gramercy Fund Management. Both international benchmark Brent crude and U.S. crude prices have spiked above $80 in recent weeks as post-pandemic demand

In this article RY4C-IE AIR-FR IAG-GB LUV VLS-GB pic4you | E+ | Getty Images Shares of London-listed fuels technology firm Velocys rose by more than 40% on Wednesday after it announced two deals related to the supply of aviation fuel. In a statement, the company said its subsidiary, Velocys Renewables, had entered into an agreement

A major Wall Street firm is piling into stocks near record highs. Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever. Shue, who oversees $152 billion in assets, attributes a strong economic backdrop and seasonal tailwinds for the bullish move. “The near-term disruptions and the near-term concerns over

Members of the environmental group MilieuDefensie celebrate the verdict of the Dutch environmental organisation’s case against Royal Dutch Shell Plc, outside the Palace of Justice courthouse in The Hague, Netherlands, on Wednesday, May 26, 2021. Shell was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to

Belarusian President Alexander Lukashenko attends a meeting with his Russian counterpart Vladimir Putin at the Kremlin in Moscow, Russia September 9, 2021. Mikhail Voskresensky | Kremlin Sputnik | via Reuters Belarus has threatened to cut off its transit of gas supply to Europe if the EU imposes sanctions over a migrant crisis at its western

In this article 175-HK TSLA An eActros is unveiled at the Mercedes-Benz truck plant of Daimler Truck AG on Ocotber 7, 2021. Uli Deck | picture alliance | Getty Images The Daimler Truck CEO has spoken of the challenges and opportunities his industry faces in the years ahead, as competition heats up and efforts to