Environment

The OPEC logo on a sign at the group’s headquarters in Vienna, Austria. Bloomberg | Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Monday agreed on a small output cut from next month, surprising energy markets at a time of considerable turmoil. OPEC and non-OPEC partners, an

In this article ENEL-IT Enel’s Francesco Starace photographed during the World Economic Forum in Switzerland on May 24, 2022. During an interview with CNBC on Friday, Starace said dependence on gas was “foolish.” Jason Alden | Bloomberg | Getty Images The CEO of Italian energy firm Enel told CNBC Friday that Europe’s dependence on natural

In this article 5334.T-JP STLA-IT GM F TSLA The race to build electric vehicles in the U.S. is heating up as fresh rounds of investment come out of Washington. Workers at the former heart of the auto industry fear being left behind. “When we look carefully at what goes on on the factory floor, it

BALI, Indonesia — The European Union on Saturday urged China and India to join the G-7 initiative to apply a cap on Russian oil prices, saying it is unfair for countries to pay excess revenues to Moscow amid the Kremlin’s war in Ukraine. The G-7 nations announced Friday that they agreed on a plan to

The European Union is “ready to react” to Russia’s decision to halt gas supplies to the bloc, a top EU official told CNBC on Saturday. Russia’s state-owned energy giant Gazprom on Friday announced an indefinite halt to gas flows to Europe via the Nord Stream 1 gas pipeline, citing the need for additional repairs. The

It was a very busy week here at the CNBC Investing Club — no major shakeups to the portfolio, but we still made lots of trades to take advantage of this turbulent market. Bottom line The lingering effects of Federal Reserve Chairman Jerome Powell’s Jackson Hole speech last Friday, Aug. 26, gave us an opportunity

The initial price cap on Russian oil will be set “at a level based on a range of technical inputs.” Bloomberg | Bloomberg | Getty Images The Group of Seven wealthy nations on Friday agreed on a plan to implement a price-capping mechanism on Russian oil exports, seeking to curtail the Kremlin’s ability to fund

The exterior of Crypto.com Arena on January 26, 2022 in Los Angeles, California. Rich Fury | Getty Images It took seven months for the Matt Damon-endorsed Crypto.com to realize that it accidentally sent AU$10.5 million dollars (about $7.1 million at today’s exchange rate) to a woman in Australia, instead of the 100 Australian dollar refund

In this article PLL Piedmont Lithium announced Thursday that it plans to build a new lithium refining plant in Tennessee, as the U.S. rushes to develop domestic supply chains for raw materials critical to the energy transition. Thursday’s announcement comes on the heels of the largest climate funding package in U.S. history, which President Joe

We’re buying 35 shares of Danaher (DHR) at roughly $270.33 each, and selling 25 shares of Pioneer Natural Resources (PXD) at roughly $254.87. Following Wednesday’s trades, Jim’s Charitable Trust will own 485 shares of Danaher, increasing its weighting in the portfolio to 4.5% from 4.19%, and 125 shares of PXD, decreasing its weighting in the

In this article TM TSLA VOW-DE A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. The firm is trying to make headway in the increasingly competitive electric vehicle market. Toru Hanai | Bloomberg | Getty Images Automotive giant Toyota said Wednesday it would invest an extra $2.5 billion in a U.S. facility that

Twenty/20 In its first foray into the crypto sector, the House Committee on Oversight and Reform is dialing up the pressure on federal agencies and crypto exchanges to protect Americans from fraudsters. In a series of letters sent Tuesday morning, the committee asked four agencies, including the Department of the Treasury, the Federal Trade Commission,

Connie Black makes adjustments to the manufacturing line for the series 6 solar panels seen during a tour of a First Solar plant in Walbridge, Ohio, October 6, 2021. Dane Rhys | Reuters First Solar announced Tuesday that it will build a new solar panel manufacturing facility in the U.S. on the heels of the

We are selling 200 shares of Devon Energy (DVN) at roughly $74.72 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 700 shares of DVN, decreasing its weighting in the portfolio to 1.8% from 2.29%. It may be a down day for the broader market, but energy stocks are finding a lift thanks to

Energy Minister Van der Straeten said the link between gas prices and electricity prices needed urgent reform. Picture Alliance | Picture Alliance | Getty Images Belgian Energy Minister Tinne Van der Straeten warned that the next five to 10 winters in Europe will be “terrible” unless the European Union moves to swiftly impose a price

Coal is unloaded onto large piles at the Ulan Coal mines near the central New South Wales rural town of Mudgee in Australia, March 8, 2018. David Gray | Reuters Shares of Australian coal producer Whitehaven has risen 200% this year. The share price of the Australian-listed miner has risen about 150% since the Russia-Ukraine

California, the country’s most populous state and the center of U.S. car culture, is banning the sale of new gasoline-powered vehicles starting in 2035, marking a historic step in the state’s battle against climate change. The rule, issued by the California Air Resources Board on Thursday, will force automakers to speed up production of cleaner

We’re selling 35 shares of Pioneer Natural Resources (PXD) at roughly $258.60 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 170 shares of PXD, decreasing its weighting to 1.46% from 1.75%. In line with our recent sales of Coterra Energy (CTRA) on Monday and Chevron (CVX) earlier this month, we are taking the

Airseas, the maritime unit of France’s Airbus, has developed a gigantic, automated kite called Seawing, which essentially tows a ship. Airseas The shipping industry accounts for nearly 3% of the world’s total greenhouse gas emissions, producing as much manmade carbon dioxide as all the coal-fired power plants in the U.S. combined. Still, it’s a relatively

In this article PXD Mehmet Oz, US Republican Senate candidate for Pennsylvania, speaks during a campaign event in King of Prussia, Pennsylvania, US, on Thursday, June 9, 2022. Hannah Beier | Bloomberg | Getty Images Dr. Mehmet Oz has championed the oil and gas industry as he vies to win a coveted Senate seat in