Environment

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

In this article GM F 7203.T-JP VOW3-DE GS Krisztian Bocsi | Bloomberg Creative Photos | Getty Images Swedish battery firm Northvolt said Friday it had produced its first battery cell with what it described as “100% recycled nickel, manganese and cobalt.” In a statement, the Stockholm-headquartered company — which has attracted investment from Goldman Sachs

In this article TWTR US special climate envoy, John Kerry speaks during a joint China and US statement on a declaration enhancing climate action in the 2020’s on day eleven of the COP26 climate change conference at the SEC on November 9, 2021 in Glasgow, Scotland. Jeff J Mitchell | Getty Images LONDON — A

Russia did not cause Europe’s energy crisis — but it didn’t help, and instead tried to benefit from the situation, according to Amos Hochstein, the U.S. State Department’s senior advisor for global energy security. “It sure didn’t do anything that it could to alleviate [the energy crunch], and in fact, took advantage of it,” Hochstein

In this article SPGI PALM SPRINGS, CA – MARCH 27: Giant wind turbines are powered by strong winds in front of solar panels on March 27, 2013 in Palm Springs, California. According to reports, California continues to lead the nation in green technology and has the lowest greenhouse gas emissions per capita, even with a

In this article ENR-DE RDSA-GB FREDRIK HAGEN | AFP | Getty Images Norsk Hydro and fossil fuel giant Shell are to look into the potential of joint projects focused on green hydrogen production. In an announcement Tuesday, Norway’s Hydro said a memorandum of understanding had been signed between the two parties. Under the deal, Shell

In this article GE General Electric CEO Larry Culp said Tuesday that management will move as quickly as it can to split up into three companies but it will focus on doing it right. The industrial giant announced earlier in the day that it would break up into three businesses focused on aviation, health care

Investors may see a satisfying ending to 2021. According to Canaccord Genuity’s Tony Dwyer, extreme optimism and strong historical trends should offset overbought conditions in the market. The result: A record finish. “The internals of the market are still pretty sound,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. The Dow, S&P

Donald Trump’s former energy secretary on Sunday attacked the Biden administration’s energy policies, linking them to inflation and claiming that restrictions on the U.S. oil industry and rising costs at home could lead to “disaster.” Energy prices have leaped globally in the last three months. Natural gas has soared almost 600% this year, and international