Environment

In this article XOM Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in check. Chevron reported earnings of $11.62 billion during the three-month period, up from $3.08 billion during the second quarter of 2021. Exxon, meantime, posted second-quarter

PARIS — Celsius and Voyager Digital were once two of the biggest names in the crypto lending space, because they offered retail investors outrageous annual returns, sometimes approaching 20%. Now, both are bankrupt, as a crash in token prices — coupled with an erosion of liquidity following a series of rate hikes by the Federal

Club holding Chevron (CVX) reported strong quarterly results before the opening bell on Friday. The energy giant reported revenue of $68.76 billion, handily beating expectations of $59.42 billion. Adjusted earnings of $11.4 billion, or $5.82, per share for the quarter, exceeded the $5.06 per share consensus. Bottom line It was a very solid quarter from

Hanover will also reduce the times when heating is on in municipal buildings between October and March — excluding day care centers — convert all lamps to LED, ban mobile air conditioners, fan heaters or radiators, and install motion detectors in place of permanent lighting in public toilets, bicycle sheds, corridors and parking lots. Moritz

U.S. Senator Joe Manchin (D-WV) returns to a basement office meeting with other senators that included Kyrsten Sinema (D-AZ), Jon Tester (D-MT), Tim Kaine (D-VA) and Angus King (I-ME), (not pictured) at the U.S. Capitol in Washington, December 15, 2021. Elizabeth Frantz | Reuters Environmental groups reacted with surprise after U.S. Senate Democrats struck a deal

Senator Joe Manchin (D-WV) exits the U.S. Capitol following a vote, on Capitol Hill in Washington, February 9, 2022. Tom Brenner | Reuters Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., on Wednesday unveiled a long-anticipated reconciliation package that would invest hundreds of billions of dollars to combat climate change and advance clean

In this article ENPH Workers install solar panels on the roofs of homes under construction south of Corona, California. The California Energy Commission in May 2018 adopted new energy building standards requiring solar panels for virtually all new homes built in the state starting in 2020. MediaNews Group/Inland Valley Daily Bulletin via Getty Images |

Europe has previously received around 45% of its annual gas supplies from Russia. Leonhard Foeger | Reuters Europe’s descent into an economic contraction looks to have been confirmed with Russia squeezing natural gas supplies to the bloc and heavy industry facing tough rationing in the coming months. Just days after Europeans breathed a sigh of

We’re selling 200 shares of Devon Energy (DVN) at roughly $59.23 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 900 shares of DVN, decreasing its weighting in the portfolio to 1.82% from 2.21%. In-line with our prior commentary of paring down our energy exposure into strength so that we do not make the

Ukrainian president Volodymyr Zelenskyy speaks during a joint press conference with President of Guatemala Alejandro Giammattei on July 25, 2022 in Kyiv, Ukraine. Alexey Furman | Getty Images Major U.S. and European banks should be prosecuted for “committing war crimes” over their financing of trade with the Russian regime, according to a top aide to

The busiest earnings week of the summer is here — oh, and the Federal Reserve will announce its latest decision on interest rates Wednesday afternoon as the U.S. central bank tries tame the hottest inflation in four decades. Don’t forget the first look at second-quarter gross domestic product Thursday morning. That’s when we find out

President Joe Biden announced new executive steps to combat climate change on Wednesday, but fell short of issuing a climate-emergency declaration as some Democrats have called for amid stalled negotiations over major environmental legislation in Washington. “Since Congress is not acting as it should … this is an emergency and I will look at it

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. What Netflix earnings mean for Disney 2. Halliburton has a cheap valuation 3. Bausch + Lomb chairman steps down 4. Quick mentions: AAPL, AMZN 1. What Netflix earnings mean

Sri Lanka will need to emerge from its current state of chaos before the International Monetary Fund can step in with a bailout, according to a professor from Johns Hopkins University. “The IMF cannot… interact with the government when things are in a continuing crisis mode. So until the government stabilizes, until they have a

Uniper has been in talks with the German government about a possible bailout. Picture Alliance | Picture Alliance | Getty Images Germany on Friday agreed to bail out Uniper with a 15 billion euro ($15.24 billion) rescue deal, as the embattled energy company becomes the first major casualty of Russia’s natural gas squeeze. The package

In this article TSLA VOWB-FF VOW3-DE 8JO-FF STERV-FI This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunkett | Bloomberg | Getty Images Northvolt will partner with Stora Enso to develop batteries

In this article SHEL-GB EDP-PT RWE-FF RWE-DE Floating solar panels in the Netherlands. A number of major energy firms are looking into the potential of combining floating solar with other energy sources. Mischa Keijser | Image Source | Getty Images German energy firm RWE is to invest in a pilot project centered around the deployment

One of the ways that the sector is seeking to replace conventional fossil jet fuel is by exploring the use of sustainable aviation fuels, or SAF. Justin Tallis | Afp | Getty Images FARNBOROUGH, England — Airline executives at Britain’s Farnborough International Airshow are betting on the use of so-called sustainable aviation fuels to reduce

Nord Stream 1 provider said gas flows have resumed after maintenance works. Hannibal Hanschke | Reuters The operator of Nord Stream 1, a key gas pipeline which runs from Russia to Germany, said Thursday it was in the process of resuming flows to Europe. There had been concerns across the region that there could be

Cherise Jackson fills up her Toyota Prius after visiting six other gas stations that ran out of fuel as demand for gasoline surges following the cyberattack that crippled the Colonial Pipeline, in Durham, North Carolina, May 12, 2021. Jonathan Drake | Reuters Gasoline prices may have peaked for the summer and are now heading toward