Reuters LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses. Shares in solar and wind energy businesses, electric vehicle companies and environmental technology pioneers have been on the rise for
Reuters WASHINGTON/NEW YORK – Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a “clean energy revolution that creates millions of unionized middle-class jobs” if he’s elected. That vision, however, would require policy makers and clean-energy companies to overcome some major challenges in replacing the number and
CNBC In the latest example of how the Covid-19 pandemic is impacting the energy sector, French utility EDF said Thursday that it was sharply revising down its projected nuclear output for this year. In a statement, the company said it expected its nuclear output for 2020 to be “in the region of” 300 terawatt hours (TWh) — a steep downwards revision to
Reuters NEW YORK/LONDON – Exxon and Chevron boasted to investors this week about booming U.S. oil production, illustrating how the gap has widened – at least in words – between top American oil and gas companies and their European rivals over efforts to transition to clean energy and fight climate change. World crude oil and natural gas production is running
Houston Chronicle Oil and gas companies put their own survival at risk if they fail to adapt to providing clean-energy solutions to the world, the International Energy Agency said in a report Monday. The Paris-based IEA said the largest oil and gas companies spend less than 1 percent of their total capital dollars on renewable energy and clean-energy projects. That trend
Houston Chronicle WASHINGTON – The investment bank Goldman Sachs is committing to make available $750 billion over the next decade to invest in and finance cleaning up the energy industry, along with making farming more sustainable and reducing poverty, the company said Monday. In an op-ed in the Financial Times, Goldman CEO David Solomon wrote, “companies have traditionally treated sustainability
From CNBC Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs. Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas was “part of the end solution.” According to the International Energy Agency, natural gas supplies 22% of energy used globally.
From CNBC Tens of thousands of ships sailing the world’s oceans burn more than 3 million barrels of sludge-like high-sulfur fuel every single day. But, starting next year, the shipping industry will have to comply with rules that should dramatically reduce sulfur emissions. “It is the biggest change in oil market history,” Steve Sawyer, senior analyst at energy consultant Facts Global Energy,
Natural gas powers more than 150,000 vehicles in the United States and roughly 15.2 million vehicles worldwide, according to the U.S. Department of Energy. CNG and LNG are considered alternative fuels under the Energy Policy Act of 1992. According to the DOE’s Alternative Fuels Data Center, there are 1,758 existing and planned CNG fueling stations in the U.S. and currently only
Ryder System Inc. will add 20 LNG trucks for Toyota’s largest U.S. manufacturing plant; Clean Energy will provide fueling station for the trucks Ryder System Inc. (ticker: R) has awarded Clean Energy Fuels Corp. (ticker: CLNE) a four-year fueling contract. The contract is for a fleet of LNG heavy-duty trucks that move goods for Toyota Motor Manufacturing, Kentucky, Inc. (TMMK).
If zero-emissions technology takes off, is there a need for the environmental movement? Look out wind and solar, a North Carolina company, NET Power, LLC, has broken ground on a first-of-its-kind: a zero-emissions natural gas demonstration power plant. A collaborative effort between Exelon Generation (ticker: EXC, ExcelonCorp.com) , CB&I (ticker: CBI, cbi.com), 8 Rivers Capital (8riverscapital.com) and Toshiba (ticker: TYO, toshiba.com),
