Western oil producers’ transition plans create an opportunity for state-backed peers that are insulated from shareholder pressure over their climate impact.
The decision is the latest twist in more than 30 years of fights, often highly partisan, over how to manage what many consider some of the country’s last unspoiled wilderness.
The global oil benchmark closed above $70 a barrel for the first time in two years as investors digested improving demand, a dwindling supply glut and relaxed production cuts from OPEC members and their allies.
The bill aimed at the threat from China was delayed as some senators said the measure was being rushed.
The growing threat posed by China makes legislation needed, says Senate Majority Leader Chuck Schumer of one of the few big bipartisan legislative efforts so far this year.
Chinese companies are issuing green bonds at a record pace, though some analysts say the securities don’t always meet the environmental requirements common in other parts of the world.
Shareholders vote Wednesday on a bid for four board seats by investors seeking a company commitment to reach carbon neutrality by 2050.
The all-stock merger brings together shale drillers in different regions, aiming to guard against commodity price swings.
What’s News: Business & Finance
The lofty prices of cryptocurrencies have investors sinking money into electricity generation, risking a backlash.
With electricity expected to account for a large share of the world's energy use by 2050, the stakes are high.
The activist investor is seeking board seats at Duke and wants the company to form a strategic-review committee.
The justices say Big Oil defendants should get new shot at moving the city of Baltimore’s lawsuit out of state court.
Lighter materials and improved design have enabled blades to get much longer and more efficient at capturing the wind.
More of the energy we use will come from the electric socket. And we aren’t ready.
Political opposition has prevented the nuclear-waste disposal site at Yucca Mountain in Nevada from becoming operational, but Energy Secretary Jennifer Granholm seems eager to make progress on the broader issue.
Tesla chief says bitcoin will be used for transactions “as soon as mining transitions to more sustainable energy.”
The oil supply glut that built up after the pandemic forced producing countries to slash output has almost returned to normal levels, the International Energy Agency said.
The $2.8 billion Vineyard Wind project is expected to start up in 2023, offering the potential of a new Atlantic energy industry
American oil production is set to drop again this year, with the shale industry’s output showing few signs of recovery despite a broader pickup in economic activity, OPEC said.