Environment

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

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

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

Economist Adewale “Wally” Adeyemo reacts as he testifies before the Senate Finance Committee during his confirmation hearing to be Deputy Secretary of the Treasury in the Dirksen Senate Office Building, in Washington, D.C., February 23, 2021. Jim Lo Scalzo | Reuters U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC Tuesday that President Joe Biden was

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 The secretary general of oil producer group OPEC has said the COP26 climate summit in Glasgow was “definitely a wake-up call.” Speaking to CNBC at the ADIPEC energy industry forum in Abu Dhabi, Mohammad Barkindo was asked if the deal eventually reached in Glasgow — which included a late compromise on

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

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

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

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

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

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 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

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

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

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

Workers sort coal near a coal mine in Datong, China’s northern Shanxi province on November 3, 2021. Noel Celis | AFP | Getty Images BEIJING — China imported nearly twice as much coal in October as it did a year ago, despite signs the country’s power shortage is easing, according to customs data released Sunday.

In this article FSLR First Solar Inc. Source: First Solar First Solar‘s net sales declined during the third quarter, the company said Thursday, amid ongoing supply chain issues. Shares of First Solar slid as much as 2% in after hours trading following the quarterly report. Here’s how the company did versus analysts’ expectations, as compiled

              Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters Forgive senior Saudi officials for their head-scratching in response to

LONDON — U.S. Energy Secretary Jennifer Granholm has called on oil-producing nations to immediately increase crude supplies to mitigate the surging cost of living. On Thursday, oil cartel OPEC and its allies agreed to continue with their current output plan, deciding against loosening the taps despite U.S. pressure to help cool the market. Oil prices have

British Prime Minister Boris Johnson and U.S. President Joe Biden react during the “Accelerating Clean Technology Innovation and Deployment” session during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain November 2, 2021. Jeff J Mitchell | Reuters GLASGOW, Scotland — Climate campaigners and environmental activists have sharply criticized the organization of the COP26

LONDON — Renewables have an important role to play when it comes to ensuring energy security and safeguarding against the price fluctuations associated with fossil fuels, according to the U.S. energy secretary. Speaking to CNBC’s Steve Sedgwick at the COP26 climate change summit on Friday morning, Jennifer Granholm emphasized the importance of diversifying “into clean

India’s Prime Minister Narendra Modi speaks at the World Leaders’ Summit “Accelerating Clean Technology Innovation and Deployment” session at the COP26 Climate Conference in Glasgow, Scotland on November 2, 2021. Jeff J Mitchell | AFP | Getty Images India’s road to net zero carbon emissions will be long and challenging — while it’s not impossible,

Oil pumping jacks, also known as “nodding donkeys,” operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices have hit their highest levels since 2014, and crude importing countries are feeling the pain. But despite diplomatic pressure, OPEC and its allies are unlikely

In this article SPWR A SunPower executive on site at the California Valley Solar Farm near Santa Margarita, Calif., in San Luis Obispo County. Michael Macor | San Francisco Chronicle | Hearst Newspapers via Getty Images SunPower shares dipped as much as 6% after the company reported third-quarter revenues that came shy of expectations and

Incorporating energy efficiency measures can reduce the amount of storage needed to power the nation’s buildings entirely with renewable energy, according to analysis conducted by researchers at the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL). As more communities plan to eventually rely on 100% renewable energy, the researchers offer a strategy that

In this article INTC A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Computer chips may be in short supply, but the semiconductor industry’s carbon emissions are plentiful. The little pieces of silicon are vital in today’s technology-driven economies, but their impact on the

In this article BLK LONDON — Larry Fink, chair and CEO of BlackRock, says the so-called energy transition toward greener power has to be radically rethought and blasted oil firms for selling out to private companies. Speaking at the Green Horizon Summit chaired by CNBC’s Julianna Tatelbaum during the COP26 climate conference in Glasgow, Scotland,

[Editor’s note: It is good to remember that because many places, such as many parts of India, are behind in development, they are able to develop green infrastructure at a point before more damage is done. This is the one blessing of underdeveloped countries. As they play catchup in development, they can start more originally