Oil rigs work on platforms in Gaoyu Lake in Gaoyou in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images OPEC and non-OPEC oil producers, an influential group known as OPEC+, will meet on Thursday to decide on the next phase of output policy. The energy alliance will convene via videoconference
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By Joey Klender Posted on December 2, 2021 Tesla is partnering with Exco Technologies Limited, a Canadian company that specializes in designing and developing dies, molds, assemblies, and casting for automotive companies, the company’s CEO confirmed on an Earnings Call earlier today. Tesla has long had a focus on manufacturing efficiencies, and arguably the most
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The sudden collapse of Enron, culminating in what was then the largest bankruptcy filing in U.S. history on Dec. 2, 2001, changed thousands of lives, damaged investor confidence to the core and made household names out of previously obscure businesspeople. Many were dragged in front of congressional committees and berated in seemingly endless hearings. Some were
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South Africans contending with power shortages, record-high unemployment and a new coronavirus variant finally got a sliver of good news.  While the energy department announced on Nov. 29 that the gasoline price would jump by 81 cents (5 U.S. cents) a liter this month, it said Wednesday that it had erred in its calculations and
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In this article PCG PG&E Corp.’s Diablo Canyon plant in California. (Joe Johnston/San Luis Obispo Tribune/Tribune News Service via Getty Images) San Luis Obispo Tribune | Tribune News Service | Getty Images Scientists from the Massachusetts Institute of Technology and Stanford University have published a 113-page report outlining ways to retrofit California’s Diablo Canyon nuclear
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By Joey Klender Posted on December 1, 2021 Tesla is continuing to solidify itself in the pole position in Norway. New figures from the Norweigian Information Council for Road Traffic (OFV) show the Tesla Model Y and Tesla Model 3 were the country’s two best-selling vehicles in November, making way for Tesla to become the
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In this article @CL.1 XOM Darren Woods, Chairman and CEO, Exxon Mobil. Katie Kramer | CNBC Exxon said Wednesday that President Joe Biden’s call to investigate “potentially illegal conduct” within the oil and gas industry is unwarranted. “If you go back in time in history, every time we see the supply and demand imbalances get
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TotalEnergies has announced that it and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, according to TotalEnergies, which outlined that this would contribute to decarbonizing road transportation. By processing cow manure and substituting fossil
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Wind turbines and solar panels in Kayseri, Turkey. temizyurek | E+ | Getty Images The world is set to add nearly 290 gigawatts of renewable power capacity this year, according to the International Energy Agency, with the Paris-based organization expecting 2021 to “set a fresh all-time record for new installations.” Published on Wednesday, the IEA’s
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British Columbia extended a state of emergency and fuel rationing until mid-December as the western Canadian province braces for more heavy rain following some of its worst floods on record. Parts of British Columbia are still struggling with damage from floods and landslides that closed highways and railways two weeks ago, sharply reducing the flow
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By Joey Klender Posted on November 29, 2021 The Michigan branch of LG Energy Solution has confirmed a $1.36 billion investment into an electric vehicle battery production facility in North America by 2024, according to Korean regulatory filings released on Monday. The $1.36 billion in funding will be used to expand its solely owned annual
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