The U.K.’s Finance Minister Jeremy Hunt has said that the U.S. President Joe Biden’s Inflation Reduction Act is a bid to play ‘catch up’ on clean energy investment. Bloomberg | Bloomberg | Getty Images U.K. Finance Minister Jeremy Hunt said Friday that the U.S.’s Inflation Reduction Act was U.S. President Joe Biden’s attempt to play
Environment
A transmission tower is seen on July 11, 2022 in Houston, Texas. ERCOT (Electric Reliability Council of Texas) is urging Texans to voluntarily conserve power today, due to extreme heat potentially causing rolling blackouts. Brandon Bell | Getty Images This story is part of CNBC’s “Transmission Troubles” series, an inside look at why the aging
The Orsted Block Island Wind Farm in this aerial photograph taken above the water off Block Island, Rhode Island. Eric Thayer | Bloomberg | Getty Images The Biden administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico as part of a larger plan to install offshore wind sites along
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Coinbase reported user numbers that fell short of analysts’ estimates even as fourth-quarter earnings and revenue beat projections. The stock rose more than
An oil pumpjack operates on November 02, 2021 in Long Beach, California. The Biden administration pledged to cut methane emissions from oil and gas production today. In California, 35,000 oil and gas wells sit idle, many of which are unplugged and could leak methane gas. Scientists estimate that one-third of human-induced global warming is caused
A gas station in Arlington, Virginia. Xinhua News Agency | Xinhua News Agency | Getty Images New government data for January shows high inflation has continued into the new year. That has some economists worried high prices may prove to be sticky, even as the Federal Reserve works to slow inflation by raising interest rates.
U.S Senator Lindsey Graham has said the world should focus on environmental damage prevention rather than on climate reparations. Kent Nishimura | Los Angeles Times | Getty Images The world should focus on environmental damage prevention rather than on climate reparations, U.S Senator Lindsey Graham said Friday, calling for approaches that integrate countries worldwide. “Climate
Fatih Birol, executive director of the International Energy Agency (IEA) at the World Economic Forum (WEF) in Davos, Switzerland. Bloomberg | Getty Images The International Energy Agency’s executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure. Currently, oil markets are “balanced,”
The European Commission’s climate chief warned Friday that society will be “fighting wars” over food and water in the future, if serious action is not taken on climate change. Speaking at the Munich Security Conference, Frans Timmermans said global warming posed one of the greatest risks to security worldwide and urged that efforts to limit
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
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk remarked that he wouldn’t mind Tesla going bankrupt if it means a rival company builds a better car, according to a member of the firm’s board. “I disagree whenever Elon says I don’t mind Tesla getting into bankruptcy if somebody else comes up
Current, the Andreessen Horowitz-backed disruptor looking to fix the way people bank, announced the addition of Siva Gowrishankar as the firms new Chief Risk Officer. Gowrishankar joins after spending about two decades driving success at a variety of financial services firms. Previously, Gowrishankar was Head of Credit Strategy and Optimization at Fifth Third Bancorp FITB
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