Environment

Wind turbines photographed off the coast of Wales. Clean energy investment could be on course to exceed $2 trillion per year by 2030, according to the International Energy Agency. Ben Birchall | PA Images | Getty Images Clean energy investment could be on course to exceed $2 trillion per year by 2030, an increase of

Wells Fargo on Wednesday upgraded Halliburton (HAL) to the equivalent of a buy rating from hold, authoring a favorable investment case that closely aligns with the Club’s rationale for owning the oilfield services company. In addition to the bullish rating adjustment, analysts at Wells Fargo also raised their price target on Halliburton shares to $52

A boat photographed in Turkey. This year’s COP27 climate change summit will look to build on the work undertaken at COP26 in Glasgow. Temizyurek | E+ | Getty Images Countries are not doing enough to limit the planet’s temperature rise to 1.5 degrees Celsius by the end of this century, according to a new report

SEATTLE — Vinod Khosla, the founder of the Silicon Valley venture capital firm Khosla Ventures, says 2040 is the more important goalpost in combating climate change than 2030. Khosla, who is currently worth more than $5 billion according to Forbes, made the claim at the inaugural Breakthrough Energy Summit in Seattle last week. “If we

The future Site of the city Neom, a planned cross-border city, stands empty before development begins in the Tabuk Province of northwestern Saudi Arabia, December 18, 2019. Picture taken December 18, 2019. Lucas Jackson | Reuters DUBAI, United Arab Emirates — If you’ve been seeing mysterious Bladerunner-type ads popping up on your phone recently for Neom

In this article @NG.1 Follow your favorite stocksCREATE FREE ACCOUNT An LNG import terminal at the Rotterdam port in February 2022. Federico Gambarini | Picture Alliance | Getty Images The U.S. is exporting more LNG to Europe as a result of Russia’s war in Ukraine and cuts made to natural gas supplies ahead of winter,

The door to number 10 is seen beyond a rain-covered umbrella at Downing Street on October 20, 2022 in London, England. Leon Neal | Getty Images News | Getty Images LONDON — U.K. Prime Minister Liz Truss is reportedly locked in discussions with a key member of the Conservative Party who oversees leadership challenges, as

LONDON — U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. Truss was in office for just 44 days, making her the shortest-serving prime minister in British history. For 10 days of her premiership government business was

Police offers stand guard near demonstrators blocking the entrance to a Luma Energy facility at the Puerto Rico Electric Authority (Prepa) Palo Seco Power Plant in Toa Baja, Puerto Rico, on Friday June 4, 2021. Xavier Garcia | Bloomberg | Getty Images When Hurricane Fiona hit Puerto Rico in September, Felipe Pérez was ready. Pérez,

After years of anticipation, the cryptocurrency ethereum finally implemented a major network upgrade that completely changes how the blockchain verifies transactions, mints new coins and secures its network. Called proof-of-stake, this system has reduced ethereum’s energy consumption by more than 99%. Energy usage has been one of the cryptocurrency industry’s biggest targets for critique. But

BRUSSELS — The European Union on Friday moved one step closer to establishing a cap on gas prices after several months of discussions, with Germany now conceding that the idea “makes sense.” The EU has been battling against an unprecedented energy shock stemming from Russia’s invasion of Ukraine. However, action thus far to curb gas

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Stocks rally Earnings move Club names Sticking with DHR 1. Stocks rally Stocks rallied Friday on the back of a Wall Street Journal report suggesting the Federal Reserve could potentially

As Europe struggles with a power shortage, Asia-Pacific’s power supply remains secure mainly because the region still uses a lot of coal, data has shown. With liquified natural gas supplies in the region redirected to Europe, power generators in Asia not only have less access to LNG but have had to opt out of buying

LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget” chaos, economic turmoil and weeks of political infighting. Speaking outside Downing Street, Truss said she had delivered her resignation to King Charles after meeting with Graham Brady, the leader of the Conservative Party’s 1922 Committee,

President Joe Biden said oil companies need to use their record profits to ramp up production rather than to enrich shareholders. “My message to the American energy companies is this: You should not be using your profits to buy back stock or for dividends. Not now. Not while a war is raging,” Biden said. “You

Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters President Joe Biden announced $2.8 billion in grants for 20 companies to produce batteries for electric vehicles in

While there is excitement about the potential of renewable technologies such as tidal power, there are challenges when it comes to scaling up. Laro Pilartes / 500Px | 500Px | Getty Images The U.S. Department of Energy said $35 million in funding would be made available “to advance tidal and river current energy systems” under

A pipeline at the Federal Strategic Petroleum Reserve in Beaumont, Texas. Joe Raedle | Getty Images WASHINGTON — President Joe Biden will announce an additional release of crude oil from the Strategic Petroleum Reserve on Wednesday in the range of 10 million to 15 million barrels, sources familiar with the plan told CNBC. The move

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images A preliminary investigation into gas leaks from two underwater pipelines connecting Russia to Germany found

In this article STLA-IT Follow your favorite stocksCREATE FREE ACCOUNT The Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on October 17, 2022. Nathan Laine | Bloomberg | Getty Images The CEO of Stellantis told CNBC Monday that the company would use its own sites to generate half