Environment

In this article DUK Follow your favorite stocksCREATE FREE ACCOUNT Transmission towers are shown on June 15, 2021 in Houston, Texas. The Electric Reliability Council of Texas (ERCOT), which controls approximately 90% of the power in Texas, has requested Texas residents to conserve power through Friday as temperatures surge in the state. Brandon Bell |

Shares of Club holding Devon Energy (DVN) fell sharply Wednesday, one day after delivering disappointing fourth quarter results , reducing its fixed-plus-variable dividend and barely buying back any stock. Forward guidance wasn’t that great either. It’s certainly a frustrating story for sharholders like us, and one that bares further scrutiny. Bottom line Unlike most companies,

Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Images Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent

The US Capitol in Washington, DC, US, on Wednesday, Jan. 25, 2023. Al Drago | Bloomberg | Getty Images Following the midterm elections in November, President Joe Biden faces a GOP-controlled House of Representatives largely opposed to the administration’s climate change and clean energy policies and efforts to curb the country’s dependence on fossil fuel

Men wearing military uniform walk along Red Square in front of St. Basil’s Cathedral in central Moscow on February 13, 2023. Alexander Nemenov | Afp | Getty Images The coming months will be critical in figuring out how Russia’s economy is holding up in the face of a new suite of sanctions, and for how

Oil-and-gas producer Devon Energy (DVN) on Tuesday delivered lackluster fourth-quarter earnings, sending shares lower. And now we’re looking to the company for answers on how it plans to continue returning cash to shareholders in a lower oil-price environment. Total revenue was roughly flat year-on-year, at $4.3 billion, slightly missing analysts’ forecasts of $4.39 billion, according

In this article ADANIENT-IN DIS Follow your favorite stocksCREATE FREE ACCOUNT An employee looks out over the petroleum-cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Nizhny Novgorod, Russia. Andrey Rudakov | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to

Sheets of copper cathode are pictured at BHP Billiton’s Escondida, the world’s biggest copper mine, in Antofagasta, northern Chile March 31, 2008. Ivan Alvarado | Reuters Along with experiencing a short-term supply shortage, copper is set to undergo a “generational shift” in demand as decarbonization ramps up, according to BNY Mellon Lead Portfolio Manager Al

In this article DIS ADS-DE Follow your favorite stocksCREATE FREE ACCOUNT Brent Delta Topside oil platform at Seaton Port in the United Kingdom on May 5, 2017. Ian Forsyth | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up

The sun rises over the city on Feb. 6, 2023 in London, United Kingdom. Leon Neal | Getty Images News | Getty Images LONDON — The U.K. is facing the weakest growth prospects in the G-7 and a catalogue of cost-of-living pressures that are pushing the poorest into crisis and intensely squeezing the budgets of

The Vinfast VF6 all-electric vehicle is on display at the 2022 Los Angeles Auto Show on November 18, 2022 in Los Angeles, California. Josh Lefkowitz | Getty Images News | Getty Images Vietnamese electric vehicle maker VinFast told CNBC it’s on track to start production in the U.S. by 2024 even though the company is

In this article SNDR Follow your favorite stocksCREATE FREE ACCOUNT The freight trucking industry is beginning its transition to electric vehicles, but it’s going to be short-haul EV trucks that are first adopted before concepts like the Tesla Semi travel longer distances on interstates. Due to the limitations that EV truck batteries face in mileage

Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, speaks during the Earthshot Prize Innovation Summit in New York, US, on Wednesday, Sept. 21, 2022. The first-ever Earthshot Prize Innovation Summit brings together climate leaders to showcase transformative solutions that repair and regenerate the planet. Bloomberg | Bloomberg | Getty Images Nuclear waste is

A work-over rig performs maintenance on an oil well in the Permian Basin oil production area near Wink, Texas August 22, 2018. Nick Oxford | Reuters Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow’s crude and oil products

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 Wednesday’s key moments. Giving Emerson Electric one last chance Monitoring Cisco Systems Buying more Coterra Energy 1. Giving Emerson Electric one last chance Shares of Emerson Electric (EMR) fell more than 5% on

Shell recently reported its highest-ever annual profit of nearly $40 billion. Paul Ellis | Afp | Getty Images Shell‘s directors are being personally sued for allegedly failing to adequately manage the risks associated with the climate emergency in a first-of-its-kind lawsuit that could have widespread implications for how other companies plan to cut emissions. Environmental

In this article HOOD Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | Sopa Images | Lightrocket | Getty Images The board of directors of Robinhood has approved a plan to buy up to 55 million shares bought by Sam Bankman-Fried last year. The ex-CEO of the now bankrupt crypto exchange FTX originally purchased his

Deer graze inside the gates of the Exxon Mobil Joliet refinery on the Des Plaines River. Exxon Mobil’s 2022 haul of $56 billion marked a historic high for the Western oil industry. Chicago Tribune | Tribune News Service | Getty Images The West’s five largest oil companies raked in combined profits of nearly $200 billion

A quality control worker checks a solar panel at the Hanwha Q Cells solar cell and module manufacturing facility in Dalton, Georgia, on Thursday, Oct. 6, 2022. Elijah Nouvelage | Bloomberg | Getty Images Since President Joe Biden signed the historic Inflation Reduction Act into law last August, companies have announced more than 100,000 clean

The U.S. has some rapid catching up to do if it is to secure the reliability of its supply chain and its independence from competitors like China, a top White House advisor admitted this week. “Look, this is a major concern for the U.S. and I think for the rest of the world. As we

Brandon Russell is seen in this mugshot from the Pinellas County Sheriff’s Office. Pinellas County Sheriff’s Office via AP An admitted neo-Nazi and a Maryland woman were arrested and charged with plotting to attack several electrical substations in the Baltimore area, federal authorities announced Monday. Prosecutors said the admitted neo-Nazi, Brandon Clint Russell, 27, and

Greenwashing should be seen as a positive sign that companies are moving in the right direction, according to the founder of British energy firm Ecotricity. “It’s everywhere,” Dale Vince told CNBC’s Tania Bryer in a recent interview. “But you know, I take it as a good thing. People say to me, ‘oh, there’s greenwashing, it’s

The G-7, the EU and Australia implemented on Dec. 5 a cap on Russian oil prices. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russian crude oil have so far “failed completely” and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban imports of refined

The European Union’s ban on Russian oil product exports is slated to kick in on Feb. 5. Picture Alliance | Picture Alliance | Getty Images Europe is once again poised to ratchet up the pressure on Russia’s oil revenues, seeking to deplete President Vladimir Putin‘s war chest as the Kremlin’s nearly year-long onslaught in Ukraine

In this article 9868-HK XPEV Follow your favorite stocksCREATE FREE ACCOUNT Xpeng is pushing aggressively into international markets. The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Zhang Peng | LightRocket | Getty Images Xpeng, a Chinese electric vehicle startup, on Friday launched two of

In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | AFP | Getty Images Shares of India’s Adani Enterprises have plummeted over the past week, after the publication of an extensive critical report from U.S. short-seller Hindenburg Research. Some big international players have

In this article EDF-FR NG.-GB TSLA Follow your favorite stocksCREATE FREE ACCOUNT Both pink and blue have been used to differentiate between different methods of hydrogen production. Eve Livesey | Moment | Getty Images From Tesla’s Elon Musk to European Commission President Ursula von der Leyen, the past few years have seen many high-profile names

Residents fetch water from a well contaminated by oil pollution at Ogale Town, Eleme in southeast Nigeria, on June 13, 2015. Afp Contributor | Afp | Getty Images Over 13,000 residents from two Nigerian communities are seeking damages from Shell in the High Court in London, calling for the energy giant to clean up residual

Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant Shell on Thursday posted its highest-ever annual profit, bolstered by soaring fossil fuel prices and robust demand since Russia’s

In the race to find cleaner fuels, the heavy duty transportation sector is woefully behind because batteries don’t have enough juice to power trucks and ships. Enter ammonia. New technology and new companies are working on turning ammonia into hydrogen to power tractors, trucks and even ships. The heavy duty trucking industry alone accounts for

A golden eagle photographed in Scotland. The bird of prey is protected under the U.K.’s Wildlife and Countryside Act 1981. Education Images | Universal Images Group | Getty Images Plans for an onshore wind farm in Scotland have been revised after a number of concerns, including those related to how the project might affect golden

Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Images Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for the whole of 2022, citing “very unusual” market conditions. The