Environment

Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The recovery is measured by looking at hashrate, a term used to describe the

A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case. SOPA Images | LightRocket | Getty Images LONDON — Shareholders of oil giant

In this article XLE Energy stocks have taken a recent pause, a breather after a red-hot rally this year. The S&P 500 sector has fallen more than 4% since this time last month. West Texas Intermediate crude, meanwhile, has plummeted 16% over the same stretch — demand fears tied to the emergence of the Covid

A United Airlines plane takes off from Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images The Federal Aviation Administration on Thursday announced a series of new university research grants in hopes of making greener aviation fuel cheaper and less scarce. Airlines including United, Southwest, Delta, American and

In this article TSLA A Tesla Megapack in Moss Landing, California Andrew Evers | CNBC One of the world’s largest battery-based energy storage systems, powered by Tesla’s utility-scale batteries known as Megapacks, began operating in the Australian state of Victoria on Wednesday. Large energy storage systems based on lithium-ion batteries have the potential to prevent

In this article ENEL-IT IBE-ES ENR-DE ENGI-FR Solar panels in Abu Dhabi, April 2019. Martial Colomb | Photodisc | Getty Images France’s Engie and Abu Dhabi-based renewable energy business Masdar have established a strategic alliance focused on the development of projects related to green hydrogen. In an announcement at the end of last week, the

VCG | Visual China Group | Getty Images The Bezos Earth Fund announced new donations of $443 million to a wide range of climate and environmental groups this week, including a $5.5 million grant to BlocPower, an energy efficiency technology start-up focused on building construction and retrofits in urban areas. BlocPower, which is a CNBC Disruptor

The Bitcoin logo is displayed on the screen of a Bitcoin ATM on November 10, 2021 in Los Angeles, California. Mario Tama | Getty Images A man who has claimed to be the inventor of bitcoin just won a major U.S. court case, saving him from paying a former business partner tens of billions of

Amin Nasser, chief executive officer of Saudi Aramco, gestures as he speaks during a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 23, 2020. Jason Alden | Bloomberg | Getty Images Amin Nasser, the chief executive of Saudi Aramco, the world’s biggest oil producer, urged global leaders

In this article ALO-FR .FKRX300 TSLA 7267.T-JP 7203.T-JP VOW3-DE BMW-DE A car is fueled with hydrogen at the Frankfurt Auto Show IAA in Frankfurt am Main, Germany, on September 13, 2017. TOBIAS SCHWARZ | AFP | Getty Images Tesla CEO Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells.

Kacper Pempel | Reuters Hackers have taken $196 million from crypto trading platform Bitmart, a security firm said Saturday. Bitmart confirmed the hack in an official statement Saturday night, calling it “a large-scale security breach” and writing that hackers withdrew about $150 million in assets. However, blockchain security and data analytics firm Peckshield estimates that the

In this article @CL.1 XOM Darren Woods, Chairman and CEO, Exxon Mobil. Katie Kramer | CNBC Exxon said Wednesday that President Joe Biden’s call to investigate “potentially illegal conduct” within the oil and gas industry is unwarranted. “If you go back in time in history, every time we see the supply and demand imbalances get

U.S. Senator Ted Cruz (R-TX) addresses a news conference on Capitol Hill in Washington, October 6, 2021. Evelyn Hockstein | Reuters AUSTIN, TEXAS – The Texas power grid is struggling with fluctuating energy prices and sporadic service, but the state’s growing bitcoin mining community believes it can help fix it. Republican Sen. Ted Cruz agrees.

A logo glows in front of the new corporate headquarters of the Houston-based energy trading firm Enron November 29, 2001 in Houston, Texas. James Nielsen | Getty Images The bankruptcy of Enron on Dec. 2, 2001, spawned an epic scandal, nearly two dozen criminal convictions and sweeping government reforms. Enron became an enduring symbol of

In this article XLE CVS Stocks could be in for an unusually difficult December, Joule Financial’s Quint Tatro says. Though the market typically rises in the final month of the year — a phenomenon sometimes labeled the “Santa Claus rally” — there are cracks forming that threaten the historical pattern, he told CNBC’s “Trading Nation”

In this article ENEL-IT ENR-DE RDSA-GB IBE-ES The Iberdrola Tower in Bilbao, Spain. SOPA Images | LightRocket | Getty Images Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green hydrogen, in yet another example of how companies are taking an interest in the

The sudden collapse of Enron, culminating in what was then the largest bankruptcy filing in U.S. history on Dec. 2, 2001, changed thousands of lives, damaged investor confidence to the core and made household names out of previously obscure businesspeople. Many were dragged in front of congressional committees and berated in seemingly endless hearings. Some were

Oil rigs work on platforms in Gaoyu Lake in Gaoyou in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images OPEC and non-OPEC oil producers, an influential group known as OPEC+, will meet on Thursday to decide on the next phase of output policy. The energy alliance will convene via videoconference

In this article PCG PG&E Corp.’s Diablo Canyon plant in California. (Joe Johnston/San Luis Obispo Tribune/Tribune News Service via Getty Images) San Luis Obispo Tribune | Tribune News Service | Getty Images Scientists from the Massachusetts Institute of Technology and Stanford University have published a 113-page report outlining ways to retrofit California’s Diablo Canyon nuclear

Oil prices could move “a lot higher” from current levels given the world’s deep reliance on fossil fuels and may hit $150, says Christopher Wood from Jefferies. “In a world that really reopens — which is a big ‘if’ — the oil price can go significantly higher,” Wood, global head of equity strategy at the