Environment

In this article EDP-PT The CEO of Portuguese utility EDP has linked the rapid adoption of renewables to Europe’s energy independence, telling CNBC that investment in the sector needed to be “much faster.” “These are [indigenous] … resources — wind, solar — that we have in Europe,” Miguel Stilwell de Andrade, who was speaking to

In this article ENR-DE RWE-DE No-Mad | iStock | Getty Images German power firm RWE has signed an agreement with Neptune Energy to develop a green hydrogen demonstration project in the Dutch North Sea, targeting an electrolyzer capacity of 300 to 500 megawatts. In a statement Tuesday, the firms said the H2opZee project would be

The receiving station for the Nord Stream 2 gas pipeline stands at twilight on February 2, 2022 near Lubmin, Germany. Sean Gallup | Getty Images German Chancellor Olaf Scholz has told CNBC that the West has to work “very hard” to find alternative sources of energy beyond Russia as talks of potential sanctions intensify. Speaking

DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a

EU Commission’s President Ursula von der Leyen holds a press conference ahead the G20 and the COP26 (Glasgow Conference) in the Berlaymont, the EU Commission headquarter on October 28, 2021 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images European Commission President Ursula von der Leyen has told CNBC that energy sanctions

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 | Getty Images Texas led the country in building new renewable

In this article AIR-FR A model of one of Airbus’ ZEROe concept aircraft displayed in Hamburg, Germany, on 18 January 2022. Marcus Brandt/dpa | picture alliance | Getty Images Aviation could face substantial challenges if it’s unable to decarbonize in a timely manner, according to the CEO of Airbus, who added that hydrogen planes represent

Steam rises from a cooling tower on September 7, 2007 at the Tennessee Valley Authority’s Watts Bar Nuclear Plant in Spring City, Tennessee, 50 miles south of Knoxville. Chris Baltimore | Reuters The government is going to spend billions of dollars to keep nuclear power plants open in the United States because they’re losing too

South Korea is monitoring the Russia-Ukraine crisis closely to assess its impact on energy prices, or possible disruptions to supply chains, its trade minister told CNBC. “I think first, we are closely monitoring a spike in the energy prices,” Yeo Han-koo said, adding that as much as 92% of South Korea’s needs are being met

In this article @CL.1 DVN A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images Russian President Vladimir Putin has long made it clear that he is no fan of U.S. shale drilling. But, if he invades Ukraine,

Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images Oil prices are soaring and nothing appears to be stopping their ascent. December to January saw international benchmark Brent crude climb by roughly $11 a barrel, and it’s gone up nearly

Employees arrive at ConocoPhillips headquarters in Houston, Texas. F. Carter Smith | Bloomberg | Getty Images Oil and gas major ConocoPhillips is in the bitcoin mining fuel business. The company said in a statement to CNBC on Tuesday that it has one bitcoin pilot project currently operating in the Bakken, a region in North Dakota

A bulldozer pushes coal onto a conveyor belt at the Jiangyou Power Station on January 28, 2022 in Jiangyou, Mianyang City, Sichuan Province of China. Liu Zhongjun | China News Service | Getty Images LONDON — Banks and investors have channeled massive sums of money to support the coal industry in recent years, according to

Bernard Looney, chief executive officer of BP Plc, gestures while speaking during a news conference in London, U.K., on Wednesday, Feb. 12, 2020. Bloomberg | Getty Images Oil and gas giant BP said Monday that mounting risks of a Russian invasion of Ukraine are having no impact on its operations within the major energy-producing nation.

LONDON — The ramifications of the Industrial Revolution, which had its roots in 18th-century Britain, were huge. Britain’s abundance of coal — as well as the ease with which it could be accessed — was a crucial ingredient in this historical turning point, powering the steam engines which helped drive society’s transformation. But things have

In this article SPWR TTE-FR Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images TotalEnergies is buying SunPower‘s commercial and industrial business, the two companies announced Wednesday evening. The $250 million deal includes $190 million cash up front, plus another $60 million to be paid if an extension

Brent Whitehead and Matt Lohstroh at the Texas A&M versus Alabama football game. Matt Lohstroh HOUSTON — When Brent Whitehead and Matt Lohstroh were sophomores at Texas A&M University, they decided to get into the business of mining bitcoin on the oil fields of East Texas. The year was 2019, and at the time, the

In this article IAG-GB AIR-FR Sustainable aviation fuel’s main challenge relates to volume rather than airlines’ desire to use it, and consumers will be willing to pay the extra costs associated with its uptake, the director general of the International Air Transport Association told CNBC Friday. “I think quantity is the main issue at the

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices jumped in afternoon trading Friday amid escalating tensions between Ukraine and Russia, with the U.K. advising British nationals to leave Ukraine immediately. A Downing Street spokesperson also

Nuclear fusion powers the Sun. Pierre Longnus | The Image Bank | Getty Images Researchers working on a project centered around fusion energy — the process that powers stars — have hailed “record-breaking” results produced by a landmark experiment in the U.K. Engineers and scientists from the EUROfusion consortium were able to produce 59 megajoules of heat energy from fusion across a

In this article GM GM’s 60-second Super Bowl ad stars actor and comedian Mike Myers reclaiming his role as Dr. Evil from the spy comedy trilogy “Austin Powers” that debuted from 1997 to 2002. It also features Dr. Evil’s sidekicks played by Rob Lowe, Seth Green and Mindy Sterling. GM DETROIT – General Motors will

This photograph taken on May 28, 2021 shows the new TotalEnergies logo during its unveling ceremony, at La Defense on the outskirts of Paris. CHRISTOPHE ARCHAMBAULT | AFP | Getty Images French oil major TotalEnergies on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices. The oil and

Left: A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. Right: An April 16, 2012 solar eruption is captured by NASA’s Solar Dynamics Observatory. SpaceX / NASA The sun has been hibernating – but it’s waking up, and the next few years may see more satellites damaged or destroyed by

Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images British households are facing the worst cost of living crisis for decades, as soaring inflation, declining real wages and an energy

choja | E+ | Getty Images Shares of Enphase Energy rose more than 16% during extended trading Tuesday after the company reported record revenues for the fourth quarter. The company beat analyst estimates on both the top- and bottom-line. Enphase, which makes microinverters and backup energy storage for solar systems, said sales jumped 17% quarter

The BP company logo is seen outside a petrol station on September 23, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Oil and gas giant BP on Tuesday reported a massive upswing in full-year net profit, supported by soaring commodity prices. The British energy major posted full-year underlying replacement cost

Saudi Arabia is reportedly restarting plans to list more shares of state oil giant Saudi Aramco, with recent reports saying the kingdom wants to sell as much as $50 billion, or 2.5% of the company. Executives are said to be weighing the sale of more shares, in what would be its largest sale ever, on

French President Emmanuel Macron is heading to Russia to meet Vladimir Putin. Pool | Getty Images News | Getty Images France’s President Emmanuel Macron heads to Russia on Monday with one aim on his mind: Receiving assurances from Moscow that it will start to de-escalate tensions on the Ukrainian border. “We will discuss the terms

‘Bitcoin Family’ in Lisbon, Portugal Didi Taihuttu Didi Taihuttu, patriarch of the so-called ‘Bitcoin Family,’ is setting down roots in Portugal, Europe’s ultimate crypto tax haven. Settling down is a big deal for the Dutch family of five, who have traveled the world for the last five years. But after spending time in 40 countries,

In this article TSLA GS VOW3-DE A Volvo XC40 Recharge car on display at the 38th Thailand International Motor Expo 2021. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images Volvo Cars and Northvolt said Friday they would build a battery manufacturing plant in Gothenburg, Sweden, with construction set to begin in 2023. According to

A logo at a Shell Recharge electric vehicle charging hub, operated by Royal Dutch Shell Plc, after re-opening to the public following a replacement of petrol and diesel pumps, in London, U.K., on Thursday, Jan. 13, 2022. Chris Ratcliffe | Bloomberg | Getty Images LONDON — Britain’s Finance Minister Rishi Sunak has rejected fresh calls

A contractor for First Solar works on construction of a solar project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images The Biden Administration said Friday that it will extend Section 201 tariffs on imported solar cells and panels for another four years, but with several changes to existing provisions. The tariff rate

A gas station in Los Angeles on Dec. 10, 2021. FREDERIC J. BROWN | AFP | Getty Images Gas prices rose to the highest level in more than seven years Friday, on the heels of the U.S. oil benchmark topping $90 per barrel for the first time since 2014. The national average for a gallon