Environment

A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case. SOPA Images | LightRocket | Getty Images Shell‘s board is being sued for

Permian Basin rigs in 2020, when U.S. crude oil production dropped by 3 million a day as Wall Street pressure forced cuts. Paul Ratje | Afp | Getty Images U.S. oil tumbled more than 8% on Monday, breaking below $100 per barrel, amid talks between Russia and Ukraine as well as new lockdowns in China

In this article WFC A shopper bags fruit inside a supermarket in Chevy Chase, Maryland, on Feb. 7, 2022. Mandel Ngan | Afp | Getty Images Inflation is costing the average U.S. household an additional $296 per month, a Moody’s Analytics analysis found. The figure is based on the latest reading on consumer prices, which

The International Monetary Fund will likely cut its global growth forecast to account for the economic consequences of the Russian invasion of Ukraine, managing director Kristalina Georgieva told CNBC on Thursday. “We think that we would be downgrading our growth projections as a result of the crisis, but we still expect the world to be

Commuters on a train in Hong Kong on March 2, 2022, amid the Covid pandemic. Dale De La Rey | AFP | Getty Images Oil prices plunged, travel came to a halt and unemployment rates spiked when the coronavirus hit in early 2020. Then, signs of recovery emerged. Stock markets rebounded and quickly surpassed 2019

Workers are seen at the construction site of the Nord Stream 2 gas pipeline, near the town of Kingisepp, Leningrad region, Russia, June 5, 2019. Anton Vaganov | Reuters LONDON — Natural gas is one of several commodities caught in the crossfire of the conflict in Ukraine, and the European economy could take a hit

Attendees during the 2022 CERAWeek by S&P Global conference in Houston, Texas, U.S., on Wednesday, March 9, 2022. F. Carter Smith | Bloomberg | Getty Images The annual CERAWeek by S&P Global energy conference in Houston, which wrapped up Friday, could not have come at a better — or more fraught — time. Energy executives,

An overhead view of a tidal turbine from Orbital Marine Power on September 6, 2021. William Edwards | AFP | Getty Images European installations of tidal and wave energy capacity jumped in 2021, as the ocean energy sector saw deployments revert to pre-pandemic levels and a substantial increase in investment. In figures released Thursday, Ocean

U.S. House Minority Leader Kevin McCarthy (R-CA) holds a news conference with Republican House military veterans of the war in Afghanistan after a Biden administration briefing for the members of the House of Representatives at the U.S. Capitol in Washington, D.C., U.S. August 24, 2021. Jonathan Ernst | Reuters Kevin McCarthy is a Republican from

In this article EDF-FR An aerial shot of the Severn Estuary from 2010. Jamie Cooper | Sspl | Getty Images An independent commission in the U.K. is to revisit the possibility of using the Severn Estuary, a large body of water between England and Wales, to harness tidal energy. The commission will be set up

David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting. The Consumer Price Index jumped 7.9% in February relative to a year earlier, the largest

Solar panels in the Indian state of Karnataka. Jonas Gratzer | LightRocket | Getty Images Declining costs have been a key driving force behind solar adoption, but in 2021 prices jumped as broad economic challenges — including supply chain constraints — hit the industry. In some portions of the solar industry, prices rose as much

A worker cutting steel pipes near a coal-powered power station in Zhangjiakou, China, on November 12, 2021. Greg Baker | AFP | Getty Images Energy-related carbon dioxide emissions rose to their highest level in history last year, according to the International Energy Agency, as economies rebounded from the coronavirus pandemic with a heavy reliance on

The U.S. needs to boost oil production to replace banned Russian crude instead of possibly looking to Iran or Venezuela, which are also run by dictators, House Minority Leader Kevin McCarthy, R-Calif., told CNBC on Wednesday. “Why would you take the billions of dollars you provide to [Russian President Vladimir Putin] and just give it

Russia’s Deputy Prime Minister Alexander Novak chairs an OPEC and non-OPEC ministerial meeting via a video link-up. Alexei Maishev | Tass | Getty Images Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports. “It is

OPEC Secretary-General Mohammed Barkindo speaks during the opening ceremony of the Abu Dhabi International Petroleum Exhibition and Conference in Abu Dhabi on November 11, 2019. – | AFP | Getty Images Mohammad Barkindo, secretary general of OPEC, said Monday that in the face of skyrocketing energy prices the group’s mission remains to act as a

The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022. Christopher Occhicone | Bloomberg | Getty Images U.S. crude oil surged more than 8% in early trading on Sunday evening as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and

In this article OXY Carl Icahn has sold the last of what was once a 10% stake in energy company Occidental Petroleum, The Wall Street Journal reported, ending an uneasy relationship between the billionaire activist investor and the oil-and-gas producer just as the latter’s shares surge. Carl Icahn speaking at Delivering Alpha in New York

In this article DIS People gathered in Glendale in February to protest the city’s approval to build a fossil-fueled power plant. Courtesy of Morgan Goodwin Glendale, a Los Angeles suburb that’s home to Walt Disney Imagineering and the famous Brand Boulevard, could be the last city in California to build a fossil-fueled power plant. The

The Vogtle Unit 3 and 4 site, being constructed by primary contractor Westinghouse, a business unit of Toshiba, near Waynesboro, Georgia, is seen in an aerial photo taken February 2017. Georgia Power | Reuters Climate change and global security are pushing against each other in shaping the future. That’s particularly apparent in this week’s events