The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images A global gold rush is underway for a long-overlooked resource that advocates say … Read more
A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday announced plans to moderate its near-term carbon emissions cuts, while maintaining its pledge to become a net-zero company by the middle of the century. In its latest energy … Read more
Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley‘s Martijn Rats. His comments came as oil prices rose on Wednesday amid fears of potential supply disruption after Ukrainian drone attacks on Russian refineries, and hopes that the Federal Reserve may soon start cutting interest … Read more
Premier Andrew Furey said the carbon tax doesn’t incentivize people to switch to renewable energy because the infrastructure to make that shift possible isn’t yet established in Newfoundland and Labrador. (Ted Dillon/CBC) Premier Andrew Furey shared an open letter Tuesday addressed to the prime minister, asking him to pause an upcoming increase to the carbon tax … Read more
A privately funded satellite is set to push methane tracking into a new era, once it launches into space on Monday. A collaborative mission between Environmental Defense Fund, Google, the Government of New Zealand and several other partners, MethaneSAT will track methane emissions around the globe in attempts to identify and quantify sources spewing the climate-heating greenhouse gas. For 20 … Read more
The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty Images Norway’s government wants to show the world it is possible to safely inject and store carbon waste under the seabed, … Read more
This photograph taken on February 27, 2024, shows the the Heidelberg Materials cement plant in Antoing, during a press visit. The cement plant intends to equip it’s kiln with a carbon capture facility, which will enable the Antoing plant to achieve a net-zero carbon balance. Benoit Doppagne | Afp | Getty Images LONDON — The … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch â an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) As we gear up for the … Read more
Democratic state legislators on Thursday rolled out an ambitious suite of bills aimed at improving the Front Range’s air quality — among the worst in the nation — by taking specific aim at the oil and gas industry. The three bills will focus on curbing toxic emissions from oil and gas drilling sites by changing … Read more
Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world’s largest auto … Read more
