Nasdaq KUALA LUMPUR – Oil prices slipped on Tuesday as traders eyed the latest progress in last-ditch talks to revive the 2015 nuclear accord with Iran, which would clear the way to boost its crude exports in a tight market. Brent crude LCOc1 futures were down 86 cents, or 0.9%, at $95.79 a barrel at 0725 GMT, after gaining 1.8% in the previous session. U.S. West Texas
CNBC Google and Chevron are part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion. Nuclear fusion is often referred to as the holy grail of clean energy because of its promise of generating nearly unlimited emission-free energy without the equivalent harmful, long-lasting radioactive waste
CNBC A nuclear power plant in Switzerland is lowering its output in order to prevent the river that cools it from hitting temperature levels dangerous to marine life, in the latest example of how Europe’s current heatwave is having wide-reaching effects. On Monday, the Swiss Broadcasting Corporation’s international unit, citing the country’s public broadcaster SRF, said the Beznau nuclear power plant
Reuters Ukraine has signed a deal for the U.S. nuclear power company Westinghouse to supply fuel to all of its atomic power stations in an effort to end the country’s reliance on Russian supplies, Ukraine’s state nuclear company said on Friday. The agreement also increases the number of new nuclear units Westinghouse will build to nine from an earlier five, and
CNBC The European Union is debating new sanctions against Russia — and this time they could hit the energy sector. Three European officials, who did not want to be named due to the sensitivity of the talks, told CNBC that ministers will be looking at imposing energy sanctions on Russia when they meet Friday. EU foreign affairs ministers are meeting
World Oil (Bloomberg) –Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens — who joined Germany’s new ruling coalition following September’s election — criticized the regulatory plan as damaging the credibility of the EU green rulebook,
World Oil (Bloomberg) –Talks on reviving the Iran nuclear deal that have resumed in Vienna show some progress but it’s “far too slow,” a U.S. official said Tuesday. “Iran has at best been dragging its feet in the talks while accelerating its nuclear escalation,” State Department spokesman Ned Price said in a press briefing. “We have been very clear that
CNBC The federal government has a fund of $44.3 billion earmarked for spending on a permanent nuclear waste disposal facility in the United States. It began collecting money from energy customers for the fund in the 1980s, and the money is now earning about $1.4 billion in interest each year. But plans to build a site in Yucca Mountain, Nevada, were scuttled by
CNBC TerraPower, a start-up co-founded by Bill Gates to revolutionize designs for nuclear reactors, has picked Kemmerer, Wyoming, as the preferred location for its first demonstration reactor. It aims to build the plant in the frontier-era coal town by 2028. Constructing the plant will be a job bonanza for Kemmerer, with 2,000 workers at its peak, said TerraPower CEO Chris Levesque in a
Reuters BRUSSELS – The European Union should do more research on the potential harm caused by nuclear power before deciding whether to label it as a sustainable investment, one of the two expert committees tasked with assessing the fuel’s green credentials said on Friday. Brussels is mulling a decision on whether to include nuclear energy in its sustainable finance taxonomy,
CNBC Recreating in a lab the nuclear reaction that powers the sun and other stars — which is called nuclear fusion — is a feat as complex as it sounds. Fusion has the potential to create massive amounts of carbon-free or clean energy. So though no scientists have quite accomplished creating usable energy from fusion just yet, a handful of companies are
Reuters LONDON – Nuclear power capacity able to supply roughly 60 million homes is scheduled to close this decade as utilities struggle to replace northwest Europe’s ageing reactors, raising the risk of higher carbon emissions as fossil fuels plug the gap. Nuclear power provides around a quarter of the European Union’s electricity generation, with 15 of the 27 nations hosting
