SpaceX’s Starbase facility in Boca Chica, Texas. Michael Sheetz | CNBC SpaceX is expanding the solar farm at its Starbase in Boca Chica, Texas, according to documents obtained by CNBC from the U.S. Fish and Wildlife Service. The FWS documents, known as a draft biological conference and opinion (BCO), reveal that SpaceX is increasing the
Environment
A BP logo on display in London, U.K., on Tuesday, Feb. 2, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. BP’s first-quarter underlying replacement cost profit, used as
As Europe looks to move away from dependence on Russian energy, U.K. Prime Minister Boris Johnson said nuclear power needs to play a larger role. Johnson visited England’s Hartlepool nuclear power station Monday, saying that nuclear power is “absolutely crucial to weaning us off fossil fuels, including Russian oil and gas.” “Instead of a new
In this article HIVE-V BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, are working around the clock to find new units of cryptocurrency — in this case, ethereum, the second-largest token
Russian state-owned energy giant Gazprom announced that it would halt gas supplies to Poland and Bulgaria after they refused to pay for gas in Russian rubles following the Kremlin’s demands. Andrey Rudakov | Bloomberg via Getty Images Europe could be pushed into recession if Russia’s gas squeeze widens, economists have suggested, after Gazprom cut off
Drift ice – ice flows in the Arctic Ocean, Nordaustlandet, North East Land, Norway. Arterra | Universal Images Group | Getty Images Espen Barth Eide is Norway’s Minister of Climate and Environment. Fatih Birol is the Executive Director of the International Energy Agency. The energy crisis triggered by Russia’s inexcusable aggression against Ukraine has focused
In this article GM VOW3-DE In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president
The Chevron logo is displayed as a tanker truck enters the Chevron Products Company El Segundo Refinery on January 26, 2022 in El Segundo, California. Patrick T. Fallon | AFP | Getty Images Chevron‘s profit more than quadrupled during the first quarter of 2022, as higher oil and gas prices boosted the company’s results. The
In this article XOM A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Shares of Exxon Mobil slid on Friday after the company took a $3.4 billion after-tax charge related to its Sakhalin-1 operation in Russia. Exxon earned $5.5 billion during the first quarter, up
Inflation in the euro zone remains well-above the ECB’s target, as energy and food prices soar. Bloomberg | Bloomberg | Getty Images Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react. Headline inflation in the 19-member region reached
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters California’s attorney general on Thursday announced an investigation into the fossil fuel and petrochemical industries for allegedly overstating the role of recycling in curbing global
A sewage treatment plant. The idea of reusing organic matter or waste in industrial processes and other initiatives is not a new one, and the last few years have seen a number of interesting projects take shape. Thomas Imo | Photothek | Getty Images An Australian plant that converts human waste into fertilizer and energy
In this article EUR= The euro traded almost 0.4% against the U.S. dollar to a level not seen since 2017. This after Gazprom decided to cut gas supplies to Poland and Bulgaria. Kinga Krzeminska | Moment | Getty Images The euro tumbled against the U.S. dollar Wednesday morning as investors grew increasingly concerned with energy