Environment

Russia’s announcement of an oil export ban on countries that abide by a G-7 price cap is the latest sign that we’ve entered a new era for global energy markets, according to analysts. But they also note it’s unlikely to have a short-term impact on oil prices, with markets taking their cues from data and

Workers photographed on top of a train loaded with coal in China. Global use of coal is projected to increase by 1.2% this year and hit a record high, according to the International Energy Agency. VCG | Visual China Group | Getty Images Global coal use is on course to increase by 1.2% to hit

In this article ENR-FF Follow your favorite stocksCREATE FREE ACCOUNT Hydrogen storage tanks photographed in Spain on May 19, 2022. Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Angel Garcia | Bloomberg | Getty Images Hydrogen has a part to play in the U.K.’s shift to

Pipes run along a technical facility for compressing natural gas on the site of astora GmbH’s Rehden natural gas storage facility, the largest in Western Europe. Picture Alliance | Picture Alliance | Getty Images The European Union Monday concluded two months of heated talks over how to protect households from rising energy prices — but

Three United States Postal Service (USPS) mail trucks are parked in front of the post office in Danville. On July 20, the USPS announced that at least 40 percent of its Next Generation Delivery Vehicles (NGDVs) and commercial off-the-street (COTS) vehicles will be battery electric vehicles. Paul Weaver | Sopa Images | Getty Images The

Luke Sharrett | Bloomberg | Getty Images Dan Yergin expects oil at $90 in 2023 but says there’s a chance it could go as high as $121 when China fully reopens, but warned there are three major uncertainties looming over the market. “Our base case for 2023 is $90 for Brent but you have to

In this article CORZ Follow your favorite stocksCREATE FREE ACCOUNT Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar

EPA Administrator Michael Regan gives remarks at an event on new national clean air standards for heavy-duty trucks near the U.S. Environmental Protection Agency Headquarters on December 20, 2022 in Washington, DC.  Anna Moneymaker | Getty Images News | Getty Images The Biden administration on Tuesday announced stricter standards on smog-forming emissions from trucks, vans

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. We like industrials Believing in Amazon Still bullish on LLY 1. We like industrials Wall Street was lower Monday, especially the Nasdaq , continuing last week’s losses. Morgan Stanley said

FTX founder Sam Bankman-Fried was sent back to a Bahamas jail Monday in a chaotic courtroom scene, after a reported plan for him to waive his extradition to the U.S. stalled. However, multiple media reports later in the day said that he had told his Bahamian lawyer to proceed with extradition hearings, and he’s now

A worker walks past gas pipes that connect a Floating Storage and Regasification Unit ship with the main land in Wilhelmshaven, northern Germany on December 17, 2022. EU energy ministers are wrangling over a proposed price cap on gas. Michael Sohn | Afp | Getty Images European Union nations are engaged in crunch talks to cap gas

Before his surprise Monday night arrest, Sam Bankman-Fried had apologized for everything he could think of, to everyone who would listen. In a leaked draft of his aborted House testimony, he wrote that he was truly, for his entire adult life, “sad.” He “f—– up,” he tweeted, and wrote, and said. He told Bahamas regulators

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 Friday’s key moments. Weak PMI data is good for Fed When to add to energy stocks Stay bullish on Estee Lauder 1. Weak PMI data is good for Fed Stocks fell Friday ,

Solar panels create electricity on the roof of a house in Rockport, Massachusetts, U.S., June 6, 2022. Picture taken with a drone.  Brian Snyder | Reuters When Josh Hurwitz decided to put solar power on his Connecticut house, he had three big reasons: To cut his carbon footprint, to eventually store electricity in a solar-powered

An artist rendering of the advanced nuclear power reactor demonstration project that Bill Gates’ nuclear innovation company, TerraPower, plans to build in the frontier-era coal town, Kemmerer, Wyoming. Rendering courtesy TerraPower TerraPower‘s advanced reactor demonstration will face delays of at least two years because its only source of fuel was Russia, and the Ukraine war

We’re buying 150 shares of Halliburton (HAL) at roughly $35.73 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 2,375 shares of HAL, increasing its weighting in the portfolio to about 3.04% from about 2.85%. Markets are once again in selloff mode Friday, dropping for the third straight session, as investors continue to worry

In this article ARTNA BP Follow your favorite stocksCREATE FREE ACCOUNT The BP logo displayed outside a gas station in England on August 15, 2022. Matt Cardy | Getty Images News | Getty Images BP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which specializes in solar technology.

Wind turbines and power transmission lines at a wind farm near Highway 12 in Rio Vista, California, on Tuesday, March 30, 2021. David Paul Morris | Bloomberg | Getty Images America’s electrical grid is being pushed to the breaking point, and California, parts of the Midwest and parts of the South Central United States are

FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022.  Mario Duncanson | AFP | Getty Images Days before FTX’s bankruptcy filing last month, co-CEO Ryan Salame told Bahamian authorities that founder Sam Bankman-Fried may have committed fraud by sending

The nuclear fusion breakthrough heralded on Tuesday was a historic event, culminating decades of research. At the same time, fusion power will not be contributing electricity to any power grid for at least a decade, according to most industry watchers. To get there, there will have to be many more technical breakthroughs beyond what was

The EU wants to cut greenhouse gas emissions by at least 55% by the year 2030, compared to 1990. Justhavealook | E+ | Getty Images Plans for the European Union’s Carbon Border Adjustment Mechanism took a significant step forward Tuesday morning after a provisional deal between the Council of the EU and members of the

On Tuesday, the head of the Department of Energy and other federal scientific leaders announced that a fusion reaction run at the Lawrence Livermore National Laboratory in California achieved net energy, meaning the reaction generated more energy than was put in to initiate the reaction. It is the first time humankind has achieved this landmark.

Tom Williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried’s arrest in the Bahamas on Monday marks the beginning of a new chapter in the FTX saga, one that will pit the former crypto billionaire against the Southern District of New York. CNBC has confirmed that the charges against Bankman-Fried include wire fraud, wire

In this article MC-FR TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the

This image, from Sept, 2022, shows a liquefied natural gas tanker arriving at a port in the Netherlands. Siese Veenstra | AFP | Getty Images The power crisis gripping Europe has little to do with Vladimir Putin and it could be argued that the Russian leader’s actions have helped improve the situation, according to Per

As a bullet train speeds by in the background, a liquid hydrogen tank towers over solar panels and hydrogen fuel cells at Panasonic’s Kusatsu plant in Japan. Combined with a Tesla Megapack storage battery, the hydrogen and solar can deliver enough electricity to power the site’s Ene-Farm fuel cell factory. Tim Hornyak As bullet trains

BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar to anyone who ever rode a bus to class. But the bus is quiet – and not just because there are no

Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thinking about a home heat pump? New and expanded government incentives, coupled with sharply rising utility costs, make it more compelling. Especially when

FTX founder Sam Bankman-Fried has agreed to testify before the House Financial Services Committee at a hearing about the crypto exchange’s collapse on Tuesday, he said in a series of tweets Friday morning. There’s been a lot of back and forth in Washington over whether lawmakers would have to subpoena Bankman-Fried, who said he would

Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Exxon and Chevron posted record high earnings during the second quarter of 2022 as energy stocks have faltered in recent months. Brandon Bell | Getty Images A pair of Democratic lawmakers on Friday accused the largest oil companies in

Cargo ships and vessels transit the Bosphorus Strait, a body of water connecting the Black Sea to the Marmara and Mediterranean Seas through Istanbul, Turkey. Above, the Russia-flagged vessel Volga River Taganrog oil tanker passes south through the Bosphorus Straits in October 2022. Nurphoto | Nurphoto | Getty Images Tankers full of Kazakh oil are

This image, taken in March 2021, shows the site where the new facility would be developed. Christopher Furlong | Getty Images News | Getty Images LONDON — Plans for a deep coal mine in the northwest of England were given the green light by the U.K. government, a decision that’s been welcomed by its backers

A view of sunset in the evening hours in the United States Capitol, Washington D.C., on December 02, 2022. Celal Gunes | Anadolu Agency | Getty Images The Biden administration on Wednesday unveiled a new building performance standard that would require federal agencies to slash energy use and electrify equipment and appliances in 30% of