By Simon Alvarez Posted on October 31, 2021 A few days ago, United Nations World Food Program (WFP) director David Beasley told CNN that a small group of ultra-wealthy individuals such as Tesla and SpaceX CEO Elon Musk could help solve world hunger with just a fraction of their net worth. Musk’s net worth currently stands at
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. Sponsored by Holley Performance: Check out the Holley High Voltage Experience, an all EV event taking place at Sonoma Raceway this November 13th and 14th. New episodes of Quick Charge
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters DUBAI, United Arab Emirates — Saudi Arabia’s oil giant Aramco posted a stunning 158% increase in third quarter net income to $30.4 billion dollars, as the world’s largest oil companies continue to benefit from the reopening
As part of the US plan to deploy 30 gigawatts (GW) of offshore wind energy by 2030, the Department of the Interior has announced three major milestones to advance commercial offshore wind energy development. The DOI will propose a lease sale for wind energy development in the Carolina Long Bay area offshore the Carolinas, initiate
A few weeks ago, right-wing media site NewsMax ran a piece centered around an out-of-context Elon Musk quote. “If we shift all transport to electric than electricity demand approximately doubles … this is going to create a lot of challenges with the grid,” NewsMax quoted Musk as saying, before going on to scare readers about
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
The liquefied natural gas (LNG) terminal at the Yangshan Deepwater Port in Shanghai, China, on Saturday, Oct. 9, 2021. Qilai Shen | Bloomberg | Getty Images Winter hasn’t even arrived, but gas prices have already soared to record highs in Europe and Asia on supply concerns, while several energy suppliers in the U.K. have collapsed.
By Simon Alvarez Posted on October 30, 2021 Mainstream electric vehicles have been around for some time, and they are only getting more and more ubiquitous. Yet despite this, incidents of non-electric cars — whether unintentionally or intentionally — blocking EV charging stations (a practice known as ICE-ing) still happen on a relatively regular basis.
A crowded bar in Paris’ 6th Arrondissement as Parisians embrace the lifting of Covid-19 restrictions as cafes and restaurants across France re-open for the first time in over 6 months. Kiran Ridley | Getty Images News | Getty Images Euro zone inflation hit a new 13-year high in October, as the currency bloc battles surging
Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rose 0.9% on Friday. Oil’s advance this month shows the impact of an ongoing shortage of natural gas, which has boosted demand for oil products. At the same time, rising margins signal that crude
A recent check of the live feed from the NEM showed Australian wind generations’ small but increasing contribution to the grid. One discovery I made was that there did appear to be a time when the wind didn’t blow. Angus and Barnaby would be glad about that. The largest states by population (and energy use)
LONDON — World leaders are under huge pressure to outline how they plan to reduce emissions and mitigate climate change at one of the most important diplomatic summits in history. The major climate event, known as COP26, will take place in Glasgow, Scotland from Sunday through to Nov. 12. It was initially scheduled to be
In this article CVX Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Chevron said Friday that it generated the highest free cash flow on record during the third quarter as surging commodities prices and lower operational costs
By Joey Klender Posted on October 29, 2021 E-commerce powerhouse Amazon has disclosed a 20% ownership stake in Rivian, an electric vehicle company from Normal, Illinois, a filing with the SEC reveals. Amazon filed a 10-Q document with the SEC earlier today that summarized the company’s position and financials at the end of Q3 2021.
Tesla confirmed to the NHTSA that it is recalling 2,791 2020-2021 Model Y and 2019-2021 Model 3 vehicles over a suspension issue. The automaker describes the problem in a filing with the NHTSA: “The front suspension lateral link fasteners may loosen, allowing the lateral link to separate from the sub-frame.” And it describes the solution:
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
Supermajor Shell has announced its intention to reduce absolute emissions by 50 percent by 2030, compared to 2016 levels on a net basis. Shell added that this covers all scope 1 and 2 emissions under the company’s operational control and is another strategic milestone on its path to becoming a net-zero emissions energy business by
Some days, the effort to go from burning mostly fossil fuels to using renewable energy can really seem like a slog. Things are improving, but all too often, it looks like a glacial pace (back before glaciers were melting faster, of course). Snails would get bored and fall asleep watching it. It’s just that bad.
In this article RDSA-GB (GERMANY OUT) Germany Berlin – Shell petrol station with solar plant (Photo by Schöning/ullstein bild via Getty Images) ullstein bild | ullstein bild | Getty Images The surprise win earlier this year by activist firm Engine No. 1 of board seats at Exxon Mobil was a watershed event in Big Oil’s
Gasoline prices at a Royal Dutch Shell Plc gas station in San Francisco, California, U.S., on Wednesday, July 7, 2021. David Paul Morris | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported weaker-than-expected third-quarter earnings and announced it had set itself a bigger carbon reduction target. The Anglo-Dutch company