Energy

OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues high-stakes negotiations over an extension to its production cut agreement. “The shock to the oil industry is massive and its severe impacts will likely reverberate in the years to

Climate tech is more important than ever, but the systemic challenges entrepreneurs face in shepherding these solutions to commercial success is formidable. Most have incredibly long R&D lead times, while the systems that typically support startups cater to ones promising shorter-term payoffs. That’s why earlier this year, clean economy nonprofits Rocky Mountain Institute — known

U.S. Big Oil majors are behind their European counterparts in carbon strategies, and the U.S. shale market will remain one of the key drilling regions globally. David McNew | Getty Images LONDON — Oil-producing group OPEC, and its allies, will likely delay an output hike at its meeting this week as it weighs positive vaccine

Barclays has backed European equities to hit new highs in 2021, with 13% potential upside for the Stoxx 600 and two stocks offering more than 50% potential returns. In their 2021 outlook, equity analysts at the bank said a stock market rally would mostly be driven by earnings-per-share growth, with high-efficacy vaccines bringing the Covid-19

The Harley-Davidson LiveWire electric motorcycle doesn’t have big sales yet, but CEO Jochen Zeitz recently remarked during an earnings call, “It’s also attracting new riders, new customers to the brand that might not have considered Harley-Davidson before.” Source: Harley-Davidson Tesla reached a $500 billion market valuation this week, a sign of its dominance in the

The Deutsche Bahn AG logo photographed on the Bahntower, Potsdamer Platz, Berlin. Christoph Soeder | picture alliance | Getty Images Siemens Mobility and Deutsche Bahn have laid out plans to develop and trial a hydrogen fuel-cell train, in the latest example of major firms turning to a technology which could have a significant effect on

A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years — from $28 billion in 2019 to $80 billion in 2029 — in a U.S. market currently worth $379 billion. In 2019, secondhand clothing expanded

From paintings and literature to music and film, the natural world is an inspiration to many. Its influence on architecture is also apparent, with a number of interesting developments now integrating plants and trees into their design. One example of this is the Bosco Verticale, or Vertical Forest, an Italian residential development of two visually

Black Friday is upon us. For IKEA, that marks the expanded launch of a program to buy back furniture in an effort to curb consumption. “We don’t want to encourage people to overconsume. That’s one of the challenges we’ve identified that we feel like we can make a big impact on within our whole strategy,”

Offices of the Norwegian energy major Equinor photographed in February 2019. Equinor, alongside SSE, is part of a 50:50 joint venture to develop the Dogger Bank Wind Farm. Bloomberg | Bloomberg | Getty Images A major offshore wind farm, set to be the largest on the planet, took another leap forward Thursday with SSE Renewables

In 2017, Hazel Technologies was a plucky young startup with enough scientific success to raise $800,000 in seed funding and score a $600,000 development grant from the U.S. Department of Agriculture. In late 2020, the company is finding early commercial success in its mission to decrease food waste through its innovative packaging. Hazel creates packaging

Thanksgiving looks different this year in America. Grandpas and grandmas, uncles and aunts, and cousins of all numbers probably aren’t gathering together for dinner, unless it’s over Zoom. That reality is creating challenges for producers and suppliers — and new implications for holiday food waste. Holidays — and Thanksgiving, in particular — are huge food waste

Saudi Minister of Energy Abdulaziz bin Salman speaks during a media briefing at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh for a press conference, on November 18, 2020. FAYEZ NURELDINE | AFP | Getty Images LONDON — The future of oil producer group OPEC+ has been called into question by analysts

Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC and Morgan Stanley. What sets this latest wave of climate pledges by financial institutions apart from past announcements? Building on previous commitments that increase green investments or restrict financing to certain high-emitting activities, recent

This image shows the three turbines from Verdant Power’s Roosevelt Island Tidal Energy project, located in New York’s East River. Verdant Power Over the years, New York City’s East River has been commemorated in song, provided iconic shots for movies and even inspired the composition of poetry. composition of poetry. From ferries taking commuters to

Relics. Environmental hotspots. Or maybe reminders of a simpler time. Good or bad, no one views America’s old coal-fired power plants with indifference.  In their day, they were reliable, cost-effective backbones of America’s economy, driving some of the most spectacular growth the world has seen. Powering industry, commerce and society, they generated not just electricity

Citron founder Andrew Left, known for some big short calls, recommended Nio shares, now worth $45 each, at $7 two years ago. Now he is short the name and says of the recent gains in multiple EV makers, “The fact is that retail investors take everything to be the next Tesla.” Evelyn Cheng | CNBC

When I cover solutions to the plastic waste crisis, I typically focus on infrastructure development and bringing recycling systems to scale, standardizing materials, inventing new ones and designing out unnecessary single-use items, and rethinking business models and supply chains. But once these structures are in place, they only work if consumers embrace new models and

Jeff Bezos touring a space containing hundreds of plant species that maintains a tropical climate similar to Costa Rica at Amazon’s Seattle HQ in 2018. This week, Bezos announced $791 million in grants, the first of a planned $10 billion devoted to climate change. Bloomberg | Bloomberg | Getty Images Amazon’s Jeff Bezos just named

The Arctic is not a barren, frozen wasteland. It’s home to some of the most unique ecosystems in the world. More than this: it’s home to people. Those people are at the center of the controversy over drilling for oil in the Arctic. The Trump administration is now starting the formal process of selling leases

Offshore wind turbines in waters five kilometers off the coast of Copenhagen, Denmark. The European Union is now targeting 300 gigawatts of offshore wind capacity by the 2050. 4FR | E+ | Getty Images The European Union wants to increase its offshore wind capacity from 12 to 300 gigawatts (GW) by 2050, according to new

Forests are beautiful, home to a diverse range of wildlife, and play an important role when it comes to looking after the world we live in. Much like their appearance, the benefits of forests are multi-layered. According to a recent report from the Food and Agriculture Organization of the U.N. (FAO), forests “supply water, provide

In the absence of federal action on climate change in the United States, local communities have taken on the responsibility of reducing their greenhouse emissions. To date, more than 150 cities, counties and states across America have passed resolutions to commit to 100 percent net-renewable electricity in the coming years, defined as meeting the city’s

2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging market. The Detroit automaker said Thursday it will spend $27 billion on all-electric and autonomous

This article originally was published on Yale Environment 360. Saudi Arabia is constructing a futuristic city in the desert on the Red Sea called Neom. The $500 billion city — complete with flying taxis and robotic domestic help — is being built from scratch and will be home to a million people. And what energy

Since President Donald Trump took office in 2017, the U.S. has stepped back from its international climate commitments by leaving the Paris Agreement and rolling back dozens of Obama-era climate policies, leaving a void in international climate leadership that China aims to fill. In some ways, the country is well poised for climate leadership. China

Date/Time: December 10, 2020 (1-2PM ET / 10-11AM PT) The challenges facing recycling in the U.S. may seem daunting but cross-sector collaboration is providing a path forward on many of its toughest issues. This kind of collaboration – CPG companies working hand-in-hand with technological innovators, MRF operators and investors – will be critical to solving

This photo shows an electric car being charged on a street in London. Miles Willis | Getty Images News | Getty Images The U.K. will stop selling new diesel and petrol (gasoline) cars and vans from 2030 under plans announced by Prime Minister Boris Johnson. The move is part of a wider 10-point plan for

For decades, Black, indigenous and people of color (BIPOC) in the United States have sought environmental justice as a civil right, but now, the grave disparities in environmental harms are coming into national prominence. This year’s COVID-19 crisis and racial justice movement have highlighted the systemic inequities in the U.S. and revealed how crises disproportionately

Wind turbines in waters off the coast of Aberdeen, Scotland. K Neville | iStock | Getty Images Plans have been announced for a multi-billion pound “underwater energy superhighway” which will allow electricity produced in Scotland to be sent to the northeast of England. The Eastern Link project, as it’s known, is to focus on the

This year, there has been much ado about zero. It’s becoming hard to read the green media, or even the mainstream media, without seeing new net-zero commitments from companies, governments, institutions and others. Indeed, “net-zero” is the new “zero waste” — remember way back in 2019 when everyone was making that commitment? — which is

The word “premium” suggests high quality, the best of the best. But what is commonly called “premium gasoline” is a waste of money for countless drivers. Thanks in part to the coronavirus, gas prices have been relatively low compared with the soaring ones seen roughly a decade ago. At the same time, U.S. drivers are paying

In March, Samsonite announced “Our Responsible Journey,” a new global sustainability strategy that outlines its commitments across four priority areas: Product Innovation; Carbon Action; Thriving Supply Chain; and Our People, including engagement, development, diversity and inclusion. Samsonite is proud of its 110-year history of industry leadership in the innovation, quality and durability of its products.

The energy sector is coming off its best week ever. That group was swept up last week in a rally rewarding stocks tied to the economic growth story – even with U.S. Covid-19 cases on the rise and the threat of further lockdowns looming. The sector rose by more than 16%. Last week was a

Illustration of a nuclear fission power system concept on the Moon. NASA NASA and the U.S. Department of Energy will seek proposals from industry to build a nuclear power plant on the moon and Mars to support its long-term exploration plans. The proposal is for a fission surface power system, and the goal is to

U.S. President-elect Joe Biden leaves The Queen theater in Wilmington, Delaware, on November 9, 2020. ANGELA WEISS | AFP | Getty Images LONDON — The prospect of a Joe Biden presidency and the most progressive climate strategy the U.S. has ever attempted is not something that should concern the energy industry, oil and gas executives

Let’s do a quick thought experiment. Imagine stepping into an elevator and realizing that the man next to you is President-elect Joe Biden. You have 30 seconds to urge him to focus on a particular issue. What would it be? Earlier this week, I invited leaders from food and agriculture to play that game. Specifically,

Rail wagons for oil, fuel and liquefied gas cargo stand in sidings at Yanichkino railway station, close to the Gazprom Neft PJSC Moscow refinery in Moscow, Russia, on Monday, April 27, 2020. Andrey Rudakov | Bloomberg | Getty Images LONDON — The International Energy Agency (IEA) on Thursday cut its 2020 global oil demand forecast

Partisanship runs deep in America.  We’ve self-organized so our neighbors, friends and social media agree with us, and we gravitate voices who are increasingly vitriolic towards those who don’t. Is it any wonder our empathy muscles have gone into atrophy? But we might be on the precipice of a new era. Last week, the United

A view of Manchester, England, at night. Nigel_Wallace | iStock | Getty Images In England, scientists are trying to create the home of the future by testing how varying types of weather affect energy use in both homes and small buildings. Construction work is underway on a £16 million ($21.07 million) facility which will utilize

Week in Review Stories discussed this week (6:25). Features How companies can engage authentically with communities (18:20)  Highlights from our VERGE 20 mainstage conversation with environmental justice leaders Rahwa Ghirmatzion, executive director of People United for Sustainable Housing (PUSH), and Elizabeth Yeampierre, executive director of UPROSE. There’s no one formula, but it starts with being

A worker wrestles a stand of drill pipe into place on a drilling rig near Midland, Texas. Nick Oxford | Reuters Top energy chief executives say oil demand will recover next year, but they expect volatility to remain elevated, as the industry emerges from the reckoning of the coronavirus pandemic.  “We face a lot of

Date/Time: December 8, 2020 (1-2PM ET / 10-11AM PT) The world is betting on clean hydrogen – but will applying it to decarbonization efforts come up short? Hydrogen is a clean and versatile energy carrier that can be used as a fuel for power, transport and industrial use. These qualities make hydrogen potentially significant in

Ford unveiled its new all-electric Transit van on Nov. 12, 2020. Ford Ford Motor expects its new all-electric Transit van to help it hold on to its lead in commercial vans as new and longtime competitors enter the emerging market. The vehicle, which Ford unveiled Thursday morning, is designed for commercial and work buyers —

Relief. Most of us in clean economy circles are feeling it after the historic and protracted win by America’s President-elect Joe Biden and VP-elect Kamala Harris over the weekend.  The industries that make up the zero-emission vehicles sector — infrastructure providers, automakers, mobility startups — are one of the sectors that could gain the most

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico, U.S., on Thursday, Sept. 10, 2020. Callaghan Callaghan O’Hare | Bloomberg | Getty Images LONDON — OPEC on Wednesday trimmed its global oil demand forecasts both for the remainder of this year and 2021, citing a weaker-than-expected economic

To meet the Paris Agreement’s goal of limiting temperature rise to 1.5 degrees Celsius 2.7 degrees F), greenhouse gas emissions must reach net-zero by mid-century. Achieving this not only will require reducing existing emissions, but also removing carbon dioxide already in the air. How much carbon to remove from the atmosphere will depend on emissions

Allianz Global Investors’ Mona Mahajan won’t rule out market consolidation over the next several weeks. But she’s painting a bullish long-term picture that’s chiefly tied to a key advancement on the coronavirus front. “We’ve had tremendous vaccine news,” the firm’s senior U.S. investment strategist told CNBC’s “Trading Nation” on Tuesday. Since yesterday’s encouraging vaccine announcement