Environment

A pump jack at oil well and fracking site situated in cotton field in Shafter. Kern County Education Images | Universal Images Group | Getty Images U.S. oil crossed above $90 on Thursday for the first time since 2014 as demand for petroleum products surges while supply remains constrained. West Texas Intermediate crude futures, the

Oxford | E+ | Getty Images LONDON — Energy bills are set to rise drastically in the U.K. after the country’s energy regulator announced its cap on prices would rise by over 50% in April. The U.K. has limits on how much suppliers are able to charge consumers for energy, with price caps reviewed by

In this article @W.1 Armored personnel carrier (APC) of the 92nd separate mechanized brigade of Ukrainian Armed Forces move to park in their base near Klugino-Bashkirivka village, in the Kharkiv region on January 31, 2022. Sergey Bobok | AFP | Getty Images The highly unpredictable nature of Russia’s threat against Ukraine has rippled across financial

A worker in an oil field developed by Almetyevneft, an oil and gas production board (NGDU) of Tatneft. Yegor Aleyev | TASS | Getty Images A group of some of the world’s most powerful oil producers will meet on Wednesday to discuss a further increase in output as crude prices trade near record levels amid

The LanzaJet Freedom Pines Fuels plant in Soperton, Ga., is expected to begin producing 10 million gallons of SAF and renewable diesel per year from sustainable ethanol in 2023. Photo courtesy LanzaJet Jet fuel is a notorious bugaboo in the race to lower emissions. Chicago-based start-up LanzaJet is trying to address the problem by producing

A woman shovels her car out of the snow during a major snowstorm on Jan. 29, 2022 in Stony Brook, New York. Andrew Theodorakis | Getty Images After a few months of winter and two major snowstorms pounding much of the eastern U.S. in January, many Americans may be realizing they’re in for elevated heating

Oil pumpjacks operate in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration on Monday announced it will send $1.15 billion to states to plug thousands of orphan oil and gas wells that emit methane, a potent climate-changing greenhouse gas. Methane is a main component

lindsay_imagery | E+ | Getty Images The U.S. Department of Energy has announced $25 million in funding for eight projects focused on wave energy technologies. The DOE said the projects will be based on three things: the testing of wave energy converter tech; wave energy research and development; and the advancement of wave energy converter

California Governor Gavin Newsom on Thursday said the state’s in a “transformational moment” to shift away from fossil fuels, as climate change continues to fuel devastating wildfire seasons and historic drought conditions across California. The governor’s remarks to CNBC’s Yasmin Khorram come shortly after the state unveiled this year’s budget proposal, which invests $22 billion in new

We’re in the midst of an energy transition. Renewable power and electric vehicles are getting cheaper, the grid is getting greener, and oil and gas companies are getting nervous. That’s why the fossil fuel giants are looking towards petrochemicals, and plastics in particular, as their next major growth market. “Plastics is the Plan B for

Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices. Chevron earned $2.56 per share excluding items during the

In this article RWE-DE ENR-DE RDSA-GB Animaflora | iStock | Getty Images A 20 megawatt hydrogen electrolyzer described as “one of the world’s largest” has begun operations, energy major Shell said Friday. Located in Zhangjiakou, Hebei Province, China, the electrolyzer will produce green hydrogen for fuel cell vehicles being used at Zhangjiakou’s competition zone during

A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Nord Stream 2 is a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe

In this article TSLA A Nissan Leaf on the forecourt of a dealership in Lincoln, U.K. Chris Ratcliffe | Bloomberg | Getty Images Car production in the U.K. slumped by 6.7% to just 859,575 units in 2021, new figures published by the Society of Motor Manufacturers and Traders show. In a statement Thursday, the SMMT

It would be “insane” for Russia to invade Ukraine — but that scenario is “not impossible,” says former Prime Minister of Sweden Carl Bildt. “A big invasion might not be the most likely, but it’s not impossible” given that Russian President Vladimir Putin has used military power against Ukraine in the past, said Bildt, who

A view of the Marathon Petroleum Corp’s Los Angeles Refinery in Carson, California, April 25, 2020. Robyn Beck | AFP | Getty Images The Los Angeles City Council on Wednesday voted to ban new oil and gas wells and to phase out existing wells over a period of five years, following decades of complaints by residents

Russian President Vladimir Putin gestures as he attends his annual end-of-year news conference in Moscow, Russia, December 23, 2021. Evgenia Novozhenina | Reuters The U.S. has sent the clearest message yet that Russia, its key economic sectors as well as its leader Vladimir Putin, could face the severest sanctions it has ever faced if it

Tesla Solar Panels Courtesy: Tesla California regulators are reviewing proposed changes to solar incentive programs that would cut the state’s solar market in half by 2024, according to a new report from energy research firm Wood Mackenzie. The California Public Utilities Commission’s proposed decision, released on Dec. 13, would reduce payments granted to solar customers

In this article DGX Signage for Royal Dutch Shell Plc at a refinery near the Enbridge Line 5 pipeline in Sarnia, Ontario, Canada, on Tuesday, May 25, 2021. Cole Burston | Bloomberg | Getty Images One of the only facilities in the world that uses carbon capture and storage technology (CCS) to reduce the emissions

Raffi Garabedian, then the CTO of First Solar, speaks during the National Clean Energy Summit in 2017. Isaac Brekken | Getty Images Entertainment | Getty Images Raffi Garabedian spent a dozen years developing solar panel technology at First Solar, a photovoltaics company that currently has a market value around $8 billion. The technologist then went