Environment

China is recognized as the undisputable global leader in renewable energy expansion. Future Publishing | Future Publishing | Getty Images China is making rapid progress in scaling up clean energy, tentatively boosting hopes that the world’s largest carbon emitter could soon start to curb greenhouse gas pollution. A massive wave of permits for new coal-fired

“Alongside all industries, the oil and gas sector needs to up its game, do more and do it faster,” Abu Dhabi National Oil Company CEO Sultan al-Jaber said during a keynote speech at CERAWeek. Mark Felix | Afp | Getty Images The chief executive of one of the world’s biggest oil companies, who will lead

In this article TTE-FR BP.-GB CVX SHEL-GB XOM Follow your favorite stocksCREATE FREE ACCOUNT Oil companies pulled in record profits in 2022, as oil prices skyrocketed. Revenues for the biggest integrated European and American oil companies nearly doubled during 2021. Profits soared. But that has also spurred backlash from consumer advocates and political leaders. “Oil

The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. Joe Klamar | Afp | Getty Images DUBAI, United Arab Emirates — International oil benchmark Brent crude dropped as much as 2.8% on Friday morning in New York on the back of a report that the United Arab Emirates is

BlocPower is electrifying this Brooklyn, NY building Lisa Rizzolo | CNBC BlocPower, a Brooklyn-based climate tech company, has closed on a nearly $155 million fundraising round that will be used to expand and finance community decarbonization projects like it already has undertaken in Menlo Park, California, and Ithaca, New York. The round, which includes more

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. Yuki Iwamura | Bloomberg | Getty Images FTX ex-engineering head Nishad Singh pleaded guilty to criminal charges in New York on Tuesday, becoming the latest member of Sam Bankman-Fried’s former leadership team to agree to

Then-Washington State Governor and presidental candidate Jay Inslee signs five climate change bills into law that will reduce carbon emissions, decrease pollution, boost jobs and increase public health, Tuesday, May 7, 2019, at Central Park in the Rainier Vista neighborhood. Genna Martin | San Francisco Chronicle | Hearst Newspapers via Getty Images Washington state is

In this article TSLA HYU-FF TM BMWB-FF Follow your favorite stocksCREATE FREE ACCOUNT This image, from September 2021, shows a BMW iX5 Hydrogen in Munich, Germany. Krisztian Bocsi | Bloomberg | Getty Images The BMW Group on Monday launched a pilot fleet of hydrogen vehicles, with the German automotive giant’s CEO referring to hydrogen as

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

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