In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and
OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020. Mazen Mahdi | Afp | Getty Images A group of some of the world’s most powerful oil producers on Thursday agreed to stick to a planned output increase in August, defying calls to
Oil marked its first monthly decline since November as OPEC+ completed the return of output it halted during the pandemic and signs emerged that the US economy was on weaker footing than expected. West Texas Intermediate dropped below $106 a barrel on Thursday, posting a monthly decline of 7.8%. OPEC+ rubber-stamped an increase in supply
By Simon Alvarez Posted on June 29, 2022 In a recent press release, the Leawood Police Department in Kansas announced that it had acquired a Tesla Model Y Long Range for its fleet. The vehicle would be used as one of the Leawood PD’s patrol cars. The Model Y has already been painted in the
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
A liquid natural gas (LNG) tank. Artinun Prekmoung / Eyeem | Eyeem | Getty Images U.S. natural gas futures plunged below $6 per million British thermal units on Thursday, after an inventory report showed a larger-than-expected storage build, sparking fears of an oversupplied market. Henry Hub futures declined 12.5% to $5.68 per million British thermal
De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week. The initial public offering was priced at 13.50 euros
This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China’s central Jiangxi province. STR | AFP | Getty Images Russia’s coal shipments to China have been rising even though overall shipments to China have declined, new data from S&P Global Market Intelligence showed. Russian seaborne coal
Esso Australia, a subsidiary of oil and gas supermajor ExxonMobil, has announced that it started a technical tender process for the decommissioning of several of its facilities in Bass Strait. Exxon said that the technical tender would outline approaches to undertaking platform removal activities in Bass Strait. “Technical tender is an important step in preparing for
By Maria Merano Posted on June 28, 2022 Tesla’s mass layoffs reached the Autopilot team in San Mateo. Autopilot workers have started posting the news on LinkedIn. People familiar with the matter told Bloomberg that Tesla laid off about 200 Autopilot workers from its San Mateo office. San Mateo had around 350 employees before the recent layoffs.
A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Summer’s here, and it’s a hot one. Forecasts from the Farmers’ Almanac, the National Oceanic and Atmospheric Administration and The Weather Company
A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters The European Union’s best shot at replacing Russian gas imports this year is likely to miss the mark, analysts predict, exerting further pressure on the region’s economy. The EU plans to replace two-thirds of Russian gas imports by the end
AscentXmedia / Getty Record high inflation and gas prices have many Americans hoping for financial relief. And in California, that’s exactly what approximately 23 million residents stand to get, thanks to the state’s new budget deal, which is slated to give qualifying taxpayers new direct payments. Democratic California Gov. Gavin Newsom and Democratic legislative leaders
Oil rose for a third day as global output threats compound already red-hot markets for physical supplies, while the Group of Seven agreed to look into a price cap for Russian oil. West Texas Intermediate futures rose to trade near $112 on Tuesday. G-7 leaders said they want ministers to urgently examine how prices of
By Maria Merano Posted on June 27, 2022 The Rivian Adventure Network (RAN) launched its first fast chargers in Colorado and the company plans to open sites in California next. The EV automaker plans to open three fast charging sites this week. Customers are just starting to share their experiences with the first Rivian Adventure Network site
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
Participants in the G7 summit held in Germany photographed on June 26, 2022. Stefan Rousseau – Pool | Getty Images News | Getty Images G-7 leaders will work with partners to establish a “Climate Club” by the end of this year, according to the communique from their latest meeting. Published Tuesday, the document said leaders
India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunications conglomerate, has been making a lot of small acquisitions and is “very aggressive” in converting companies into digital businesses, said Shrikant Chouhan, executive vice president
Russian President Vladimir Putin makes a toast as he takes part in the XIV BRICS summit in virtual format via a video call, in Moscow on June 23, 2022. Mikhail Metzel | AFP | Getty Images The Group of 7 nations need to brace for a complete shutdown of Russian gas pipelines in the near term,
Guinea-Conakry’s hydrocarbons industry is gathering steam with the tendering of 22 unexplored offshore blocks in its sights. While Senegal’s more established industry has seen over 160 wells drilled since the 1980s, Guinea-Conakry’s first exploration dates to 2012, conducted by U.S firm HyperDynamics, followed by the entry of French oil major TotalEnergies in 2018. Among the
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