Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
(Bloomberg) — Oil posted its largest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery. Futures fell 1.1% in New York on Friday to end the week below $36 a barrel taking their cue from a broader market selloff and the worst week for U.S.
October 30th, 2020 by Guest Contributor Courtesy of Union Of Concerned Scientists.By Nicole Pinko, Corporate Analyst In an unexpectedly less terrible turn of events, 2020 has seen several oil and gas companies announce more ambitious climate targets. Just last week, ConocoPhillips released a new “net-zero” climate ambition, becoming the first US oil and gas company to
By Joey Klender Posted on October 30, 2020 Tesla has outsold Volkswagen, Renault, Hyundai-Kia, and BMW in electric vehicle sales in 2020 so far, new data shows. The Elon Musk-led Tesla, based out of Silicon Valley, California, holds 18% of the total 2020 market share in EV sales. The next closest automaker is Volkswagen, with
Penguin Gentoo on the beach of the Dobrowolski Glacier with red snow in the background, a phenomenon that happens due to the heating of the water, on January 04, 2020 in King George Island, Antarctica. Alessandro Dahan | Getty Images LONDON — Socially-conscious investing has gathered a lot of momentum this year, with billions of
Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Chevron reported its second straight quarter of losses on Friday after revenue during the third quarter fell 32% year over year as Covid-19 continues to hammer the industry. Amid declining oil prices Chevron said it implemented aggressive cost-cutting measures. The oil giant lost $207 million during
(Bloomberg) — Oil futures fell to multi-month lows as record growth in coronavirus cases in the U.S. and Europe raised the specter of more demand destruction from tighter lockdown measures. Futures in New York fell to their lowest since June, while the global Brent benchmark slid to a five-month low. The Covid-19 surge in the U.S. Midwest rose
October 29th, 2020 by Guest Contributor Courtesy of Union Of Concerned Scientists.By Elliott Negin If you aren’t already paying attention to energy storage, you should be. While most people admittedly don’t get giddy at the thought of a lithium-ion battery, energy experts and policymakers do, and they are becoming increasingly excited about the potential role
By Maria Merano Posted on October 29, 2020 Tesla plans to build more Supercharger V3 stations in Iceland, further solidifying the EV automaker’s subtle domination on the island nation. According to a local Icelandic news agency, Tesla will open a new Supercharging station in Staðarskáli in Hrútafjörður this week. The Tesla chargers opening this week
Tesla is apparently starting to test discounted rates at Supercharger stations in order to offset expensive peak demand charges. Do you think it’s going to work? Electric utilities are making large energy users pay ‘demand charges’ during peak use that can be quite taxing, especially to charging station operators. Charging stations by nature suffer from
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon said Thursday that it intends to reduce its U.S. staff by around 1,900 employees as the energy giant continues to see its operations pressured by the coronavirus pandemic. The layoffs will occur through a mix of voluntary and involuntary programs.
A Shell tanker truck delivers fuel to a gas station, operated by Royal Dutch Shell Plc., in Rotterdam, Netherlands. Jasper Juinen | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported better-than-expected third-quarter earnings and announced plans to increase its dividend to shareholders. The Anglo-Dutch company reported adjusted earnings of
(Bloomberg) — Oil hit a four-month low in London alongside a broader market selloff as swelling U.S. crude stockpiles added to concerns that a fresh surge in coronavirus cases may derail the global economic recovery. Global benchmark Brent futures plunged to the lowest since June, while futures in New York slid 5.5% on Wednesday, falling
October 28th, 2020 by Zachary Shahan Once upon a time, it was “common knowledge” in the energy industry that solar energy couldn’t contribute more than 5% share of electricity supply. For a long time, this was claimed to be an upper limit that utilities could handle. My, how things have changed! South Australia is one
By Maria Merano Posted on October 28, 2020 Fiat Chrysler CEO Mike Manley hinted at an electric Ram pickup truck in the legacy automaker’s future. According to the Detroit Free Press, Manley did not offer any other details about Fiat Chrysler’s potential electrified Ram pickup, but he did note that such a vehicle will be
(Bloomberg) — Oil rose the most in nearly three weeks in the wake of a weakening dollar and as Tropical Storm Zeta leads U.S. Gulf crude producers to shut almost half their total oil output. Futures climbed 2.6% in New York following Monday’s slide below $39 a barrel. The Bloomberg Dollar Spot Index declined as
October 27th, 2020 by Press Release Penske is first truck leasing and rental company to deploy electric vehicles with customers operating in California LIVONIA, Michigan — ROUSH CleanTech, known for its advanced clean transportation solutions, is providing Penske Truck Leasing with all-new Ford F-650 battery electric vehicles later this year for deployment across Southern California.
By Maria Merano Posted on October 27, 2020 The official EPA range and efficiency ratings for Tesla’s Model 3 “refresh” have been posted, and they are quite impressive. Apart from the expected range upgrades listed by Tesla in the vehicle’s online configurator, it appears that the Model 3’s efficiency has also seen some improvements. As
George Hotz, CEO of comma.ai, argues that Tesla should sell its self-driving computer chip and create some competition to Nvidia in the process. Hotz rose to fame through his hacking feats as a teen, but more recently, he has become a highly respected programmer and he founded comma.ai, which aims to solve self-driving while delivering
A BP company logo is displayed on a fuel pump on the forecourt of a gas station operated by BP Plc in London, U.K. Chris Ratcliffe | Bloomberg | Getty Images LONDON — Energy giant BP on Tuesday reported a small profit for the third quarter, beating analyst expectations as the company benefited from stronger