Environment

Protestors here seen gathering outside the presidential secretariat in Colombo a week ago, have achieved their aim, with legislators soon to elect a new president to replace Gotabaya Rajapaksa, who fled the country and resigned as president. Arun Sankar | Afp | Getty Images Business confidence in Sri Lanka is at its lowest in years, according

Wall Street analysts issued a slew of notes on the energy sector Tuesday morning, as many companies in the oil and gas industry are slated to release second-quarter earnings in the coming weeks. In this piece, we’re going to provide a quick overview on what the analysts at Morgan Stanley, Mizuho Securities, Piper Sandler and

In this article UN01-DE .IMOEX Russia’s energy giant Gazprom has said it cannot fulfil its gas contracts with Europe. Bloomberg | Bloomberg | Getty Images LONDON — Russia’s energy giant is threatening to send less gas to Europe — but Germany, one of its main importers, has rejected the idea. Majority state-owned Gazprom said Monday

In this article GE People visit the General Electric stand during the China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 7, 2018 in Shanghai, China. VCG | Getty Images General Electric on Monday revealed the names of the three distinct companies that will result from the conglomerate’s historic split:

A pumpjack pumps oil in the Inglewood Oil Field as seen from the Kenneth Hahn State Recreation Area on July 13, 2022 in Los Angeles, California. – US consumer price inflation surged 9.1 percent over the past 12 months to June, the fastest increase since November 1981, according to government data released on July 13.

Celsius filing for bankruptcy this week surprised virtually no one. Once a platform freezes customer assets, it’s typically all over. But just because the fall of this embattled crypto lender didn’t come as a shock, doesn’t mean it wasn’t a really big deal for the industry. In October 2021, CEO Alex Mashinsky said the crypto

Capping Russian oil prices won’t solve the world’s energy problems, said Indonesian Finance Minister Sri Mulyani Indrawati on Friday. Prices are high because demand outstrips supply, which has been disrupted, and a price ceiling will not resolve that, she said. “Putting a cap definitely is not going to solve the problem, because it is about

An employee monitors for gas leaks during safety checks at Uniper’s Bierwang natural gas storage facility. Bloomberg | Bloomberg | Getty Images German energy giant Uniper on Friday said it is having to draw down gas from storage facilities, reducing supplies needed for winter even as Europe is experiencing an extreme heatwave. The embattled utility

An office worker carries a large fan in central London on July 12, 2022. On Friday, the Met Office issued a Red Extreme heat warning for parts of the country. Yui Mok | PA Images | Getty Images The U.K. on Friday issued a “Red Extreme” heat warning, with authorities saying temperatures could potentially hit

Sunrun installer putting up solar electric panels on a residential rooftop in California. Source: Sunrun Solar stocks tumbled Friday after Senator Joe Manchin said he will not support increased spending to address climate change, according to NBC News, citing a Democrat briefed on the conversations. The Invesco Solar ETF, which tracks the industry, was down

The best way to stabilize oil prices is to boost supply, and alternatives to Russian oil are available to the world, said Mathias Corman, the secretary-general of the Organization for Economic Cooperation and Development. Speaking to “Squawk Box Asia” on Friday from the Group of 20 meeting of financial leaders in Bali, Indonesia, Cormann said

In this article ORCL The founders of Opower, Daniel Yates and Alex Laskey. Brooks Kraft | Corbis News | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Before Alex Laskey launched an energy efficiency company in 2007, he was primarily working

A worker labels copper products at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam August 11, 2017. Kham | Reuters An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global. Unless significant

Getty Images Inflation has continued to rise, but some retirees won’t feel the brunt of many soaring costs, experts say. Annual inflation jumped by 9.1% in June, growing at the fastest pace since late 1981, the U.S. Department of Labor reported on Wednesday. Higher prices have many worried, even those earning six figures. Some 65%

A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital following the firm’s rapid fall from prominence. The fund, founded nearly a decade ago, managed $10 billion in assets just a few months ago. Now, its two co-founders are in hiding from angry creditors,

In this article EQNR-NO Although it is involved in renewable energy projects, Equinor is a major producer of fossil fuels. The Norwegian state has a 67% holding in the company. Hakon Mosvold Larsen | Afp | Getty Images Norway’s Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images As recently as March, Three Arrows Capital managed about $10 billion in assets, making

We’re buying 15 shares of Pioneer Natural Resources (PXD) at roughly $215.25 each. Following Monday’s trade, the portfolio will own 205 shares of PXD – increasing its weighting to 1.57% from 1.45%. We are stepping Monday to take advantage of the recent decline in Pioneer Natural Resources. We do not believe the move reflects the

01 July 2022, Saxony, Lippendorf: A solar park borders directly on the site of the Lippendorf lignite-fired power plant. After more than 20 years, the so-called EEG surcharge, which customers pay via their electricity bill, will no longer apply. It currently still amounts to 3.72 cents per kilowatt hour. Experts do not expect electricity prices

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 As a business executive friend of mine texted me Wednesday, “Europe feels like it’s starting to panic.” He’s right. The concerns about energy supplies are accelerating