Energy

The United Arab Emirates’ energy minister on Wednesday defended OPEC and its allies’ decision to not increase oil supply to the market, despite U.S. pressure to pump more. “I would encourage people to calm, trust us,” Suhail al-Mazrouei told CNBC’s Hadley Gamble from the Adipec energy forum in Abu Dhabi. Al-Mazrouei said he has received

This article originally appeared in our Food Weekly Newsletter.  You may remember my semi-successful attempt to persuade my kids to eat fungi-based bacon. This week, I bring news of a more formidable challenge: Can my two elementary-aged children be persuaded to eat insects? Our experiment begins with our two subjects upstairs, engaged in one of

Kemmerer, Wyoming, is a frontier coal town. It was organized in 1897 by coal miners and still employs people in the coal and natural gas industries today. Photo courtesy TerraPower TerraPower, a start-up co-founded by Bill Gates to revolutionize designs for nuclear reactors, has picked Kemmerer, Wyoming, as the preferred location for its first demonstration

This article was adapted from Climate Tech Weekly, a free newsletter focused on climate technologies. My biggest geek-out moment during the COP26 gathering in Glasgow, Scotland, last week came in the central train station, where I had the opportunity to briefly tour a 30-year-old passenger train retrofitted to run on hydrogen fuel cells and lithium-ion

The EU’s climate chief told CNBC that he “wouldn’t be too critical of China” when it comes to assessing negotiations at the COP26 climate change summit in Glasgow, Scotland. The deal agreed at COP26 sought to build on 2015’s Paris Agreement and prevent the worst effects of climate change, although it faced stumbling blocks related

This article was adapted from Mobility Weekly, a free newsletter on decarbonizing transportation. Electric truck and van company Rivian’s breathtaking and record-breaking IPO last week — which values it at more than $100 billion, more than the market capitalizations for either General Motors or Ford Motor Company — is testament to the power of procurement

Economist Adewale “Wally” Adeyemo reacts as he testifies before the Senate Finance Committee during his confirmation hearing to be Deputy Secretary of the Treasury in the Dirksen Senate Office Building, in Washington, D.C., February 23, 2021. Jim Lo Scalzo | Reuters U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC Tuesday that President Joe Biden was

When it comes to decarbonization, nothing is easy, but some measures are easier than others. Rapid, widespread deployment of renewable energy is one of the best near-term solutions, and it will reduce emissions substantially but not entirely. To reach net zero, it will also be necessary to clean up sectors that don’t have readily deployable

A Southwest Airlines Boeing 737-700 (LN2318) on final-approach after a pre-delivery test flight at dusk. aviation-images.com | Universal Images Group via Getty Images Demand for air travel is on the rise ahead of the holidays. So are the costs. But jet fuel hasn’t been this expensive since 2014. Airlines also racing to hire thousands of

I’m not going to weigh in on whether COP26, the climate conference that concluded over the weekend in Glasgow, Scotland, was a success or failure. There is no shortage of opinions on both sides of that equation, a debate that will no doubt rage right up until COP27, in Sharm El-Sheikh, Egypt, next November. There

There’s a disconnect in the energy market, and it could lead to future supply shortages, Daniel Yergin, vice chairman of IHS Markit, told CNBC. International oil companies are under pressure to cut investments in traditional energy production at a time when demand for oil is growing — and that’s leading to a “preemptive underinvestment” in

This article is sponsored by Eaton. Since transportation continues to be the largest-emitting sector when it comes to greenhouse gas, the focus on electrification is heating up. Growth in electric car sales has been substantial, rising 168 percent in the first half of 2021 compared to 2020 — with particularly strong sales in China and

For the first-time, some of the world’s most influential circular economy actors have come together to urge businesses to consider new ways of designing, producing and consuming goods — and their role in scaling change to meet climate targets. The U.N. Climate Change Conference, COP26, is hailed as a “make-or-break” moment for the world, one

Gone are the fleeting days of component parts showing up just in time for production from an unknown combination of suppliers. After pioneering the just-in-time supply chain, Toyota responded to the Fukushima disaster by stockpiling critical components — such as semiconductor chips — with enough supply for months at a time. That was a decade

This week’s run time is ???. WEEK IN REVIEW (10:20) FEATURES Amazon’s climate plan in Europe (19:55) Zak Watts, director of sustainability for the giant retailer and tech company’s European operations, discusses how Amazon’s global sustainability agenda, the Climate Pledge, is playing out far from its Seattle headquarters. What does circularity have to with climate?

Belarusian President Alexander Lukashenko attends a meeting with his Russian counterpart Vladimir Putin at the Kremlin in Moscow, Russia September 9, 2021. Mikhail Voskresensky | Kremlin Sputnik | via Reuters Belarus has threatened to cut off its transit of gas supply to Europe if the EU imposes sanctions over a migrant crisis at its western

In theory, the circular economy offers an elegant alternative to the siloed, short-sighted and waste-ridden reputation of the building industry — an industry that accounts for 38 percent of global greenhouse gas emissions by some estimates. This lens provides a compelling opportunity to expand the ecosystem around the design, construction, operation, renewal and repurposing of

This article was originally published on YES! Magazine and allows reprints 48 hours after publication. Milwaukee’s proposed 25-story Ascent tower sounds like a conventional housing project. Scheduled to open in September 2022, it offers 250-plus apartments with views of downtown Milwaukee and Lake Michigan. But one thing sets it apart from other housing towers in

Members of the environmental group MilieuDefensie celebrate the verdict of the Dutch environmental organisation’s case against Royal Dutch Shell Plc, outside the Palace of Justice courthouse in The Hague, Netherlands, on Wednesday, May 26, 2021. Shell was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a blow to

Date/Time: December 9, 2021 (1-2PM ET / 10-11AM PT) Consumers around the globe are craving more sustainable products, and brands are struggling to figure out how to deliver on their recycled content goals. Chemical recycling, also known as advanced or molecular recycling, will be a crucial part of the solution set for brands to meet

LONDON — Climate is the “ultimate systemic risk” and represents “the biggest single opportunity the insurance industry has ever seen,” according to the CEO of the centuries-old insurance market Lloyd’s. In an interview with CNBC, John Neal, who heads up the British company, attempted to paint a picture of how his sector would operate going

This article is sponsored by ESGeo. Information about environmental, social and governance metrics are no longer a “nice to have” issue in corporate management, they are an indispensable input for leaders to consider across every business decision being made. Typically, gathering this data has been the purview of tireless corporate sustainability or CSR teams, who

In this article ENR-DE RDSA-GB FREDRIK HAGEN | AFP | Getty Images Norsk Hydro and fossil fuel giant Shell are to look into the potential of joint projects focused on green hydrogen production. In an announcement Tuesday, Norway’s Hydro said a memorandum of understanding had been signed between the two parties. Under the deal, Shell

Electrifying transportation won’t be about making a grand and mighty “jump.” Many communities don’t have the resources to pull that off. The widespread implementation of electric vehicle (EV) chargers and other low-emission infrastructure promises to be ongoing and iterative. What’s more, it demands collaboration across sectors. A one-time fix is impossible for two reasons: First,

Glasgow, Scotland – COP26 is at the halfway point, and I’ve only hit the ground here in this delightful city a few days ago, soaking up the human warmth amid the cold and soggy clime. And while we don’t yet know where the negotiators will end up on a host of critical issues — and

Piles of coal at Rizhao port in China’s Shandong Province on Nov. 2, 2021. VCG | Visual China Group | Getty Images Asia-Pacific is home to some of the world’s largest carbon emitters — and experts say much of global efforts to fight climate change depends on Asian countries cutting their reliance on coal.  

Long-time market bull Ed Yardeni is delivering a dose of optimism into year-end. Yardeni, who’s known for running investment strategy for Prudential and Deutsche Bank, expects the holidays to boost stocks deeper into record territory. “This is going to be one of the best Christmas seasons ever,” the president of Yardeni Research told CNBC’s “Trading

Adapted from “A New Way To Wealth: The Power Of Doing More With Less,” by Bruce Piasecki, published this month. High on the COP26 agenda is the future of our planet and the billions of people who live here. But there is a central critical issue that will be ignored. First some praise. With President

LONDON — There is reason for cautious optimism when it comes to negotiations at the COP26 climate change summit in Glasgow, Scotland, according to the United Nations’ climate chief. The pivotal conference, which the U.K. is hosting between Oct. 31 and Nov. 12, has seen a number of high-profile announcements in its first week. India’s

LONDON — U.S. Energy Secretary Jennifer Granholm has called on oil-producing nations to immediately increase crude supplies to mitigate the surging cost of living. On Thursday, oil cartel OPEC and its allies agreed to continue with their current output plan, deciding against loosening the taps despite U.S. pressure to help cool the market. Oil prices have

This week’s run time is 40:26. WEEK IN REVIEW (10:00) FEATURES More voices from VERGE 21 (25:30) Replaying keynote conversation highlights from our four-day online event this week. Find coverage of VERGE 21 here. This week’s feature includes: Renee Lertzman, founder on Project InsideOut — On the hope/despair binary and why leaders should let themselves

In this article FSLR First Solar Inc. Source: First Solar First Solar‘s net sales declined during the third quarter, the company said Thursday, amid ongoing supply chain issues. Shares of First Solar slid as much as 2% in after hours trading following the quarterly report. Here’s how the company did versus analysts’ expectations, as compiled

EMBARGOED until 8 a.m. PACIFIC, NOV. 4 Who wants to buy steel produced with low-carbon production processes? Who’s looking for sustainable aviation fuel? What about zero-emissions, heavy-duty trucks? A new initiative representing more than 30 big corporations and accounting for more than $8 trillion in market capitalization is stepping up their purchase orders for early-stage

Oil pumping jacks, also known as “nodding donkeys,” operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices have hit their highest levels since 2014, and crude importing countries are feeling the pain. But despite diplomatic pressure, OPEC and its allies are unlikely

Date/Time: December 2, 2021 (1-2PM ET / 10-11AM PT) Cities and organizations are adopting ambitious sustainability goals to demonstrate their commitment to a cleaner energy future but may not necessarily know where to start when it comes to developing their energy roadmap and identifying the best steps to build momentum in their sustainability journey. This

In this article @LCO.4 A Saudi female employee serves a customer at a hypermarket, newly launched by the operator LuLu and run by a team of women, in the Saudi Arabian port city of Jeddah, on February 21, 2021. Amer Hilabi | AFP | Getty Images DUBAI, United Arab Emirates — Business activity for major

This article first appeared on WRI. Here’s the good news: In the past decade, development banks and the private sector have made financial commitments of more than $16 billion to restore Africa’s degraded farms, forests and other ecosystems through the AFR100 and the Great Green Wall Initiatives. It’s no wonder funders are interested — every $1 invested in land restoration can

U.S. Senator Joe Manchin (D-WV) walks through the U.S. Capitol in Washington, U.S., October 21, 2021. Elizabeth Frantz | Reuters Sen. Joe Manchin has been working to shrink or eliminate key elements of President Joe Biden and the Democratic Party’s massive social spending and climate proposal as several of his former advisors lobby Congress for

Date/Time: November 16, 2021 (1-2PM ET / 10-11AM PT) Corporations play an imperative role leading the transition to a sustainable future. But that’s easier said than done. It’s complicated to balance sustainability efforts across resources, and to make progress while growing a company. In this webcast, Fifth Third Bank will pull back the curtain on

In this article ENR-DE Prime Minister Boris Johnson and JCB chairman Lord Bamford at the unveiling of a hydrogen powered JCB Loadall telescopic handler in central London, on October 18, 2021. Stefan Rousseau – PA Images | PA Images | Getty Images A “multi-billion-pound deal” related to the supply and distribution of green hydrogen in

In this article XLE Energy led the markets for another month. The second-best S&P 500 performer, just behind consumer discretionary, rose 10% in October and added to a 52% gain for the year. Industry heavyweights Chevron and Exxon both reported better-than-expected profits on Friday morning thanks to surging oil prices. West Texas Intermediate crude also

Tree planting has a long history in the corporate and charitable world. Funding tree-planting projects is a safe and inoffensive strategy for the philanthropic arm of many large businesses. Companies wanting to make a long term impact will work with nonprofits to choose a project or two that meets the company’s goals and set up

If point A of today’s infrastructure systems are worn out, unjust and dangerous in this climate crisis, how does the United States reach point B, realizing next-generation, low-carbon infrastructure that’s equitable, smart and resilient? President Joe Biden has assembled a dream team of experts, including longtime activists, to journey toward low-carbon infrastructure policy that explicitly addresses

According to the United Nations, today, over 1.5 billion people live in informal settlements, and by 2030 that figure could soar to 3 billion. So, the issue of future circular cities is inexorably linked to the development of slums and their economies that, despite eluding official surveys, move huge matter flows in a necessarily and

Australia and the Middle East have the greatest potential to be major exporters of “green” hydrogen in the coming years, according to an analysis by energy consultancy Wood Mackenzie. Green hydrogen is produced using renewable energy instead of fossil fuels. It can be used as a clean power source for sectors such as manufacturing and

This week’s run time is 45:24. WEEK IN REVIEW (4:45) FEATURES Voices from VERGE 21 (19:50) Replaying keynote conversation highlights from our four-day online event this week. Find coverage of VERGE 21 here. This week’s feature includes: Margaret Klein Salamon, executive director of the Climate Emergency Fund — Reflecting on a new movement of changemakers,

In this article AMZN Sean Hannon | iStock | Getty Images A 50-megawatt onshore wind farm in Scotland is now operational, and tech giant Amazon will purchase all of its output. According to ScottishPower — which is part of the Iberdrola Group — the Beinn an Tuirc 3 facility has 14 turbines and is able

Recently, my 6-year-old son and I were looking at a map (on his placemat) and I pointed out Mauritius. “That’s where the dodo bird lived before it went extinct,” he whispered to me sadly. Unfortunately, the announcement from the U.S. Fish and Wildlife Service declaring 23 species extinct means that the dodo bird won’t be