Energy News

Offshore wind turbines in waters near Aberdeen, Scotland. Gannet77 | E+ | Getty Images The Scottish offshore wind sector received a boost this week after a program to lease areas of Scotland’s seabed for wind farm developments raised just under £700 million (around $952 million). According to Crown Estate Scotland — a public corporation which

In this article GM TSLA The southwest of England is famed for its dramatic coastline, verdant countryside and fresh seafood. If all goes to plan, another string could be added to the region’s bow over the next few years: lithium extraction. In the county of Cornwall, efforts are underway to tap into the area’s natural

A storage facility of oil giant ADNOC near the airport in the capital of the United Arab Emirates, Abu Dhabi, on Jan. 17, 2022. AFP | Getty Images DUBAI, United Arab Emirates — The attack on Abu Dhabi claimed by Yemen’s Houthi militants Monday threatens to derail fragile efforts at rapprochement between Gulf Arab states

In this article XOM Darren Woods, CEO, ExxonMobil Michael Newberg | CNBC Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Woods said the ultimate trend for prices will be lower. In the immediate future, however, the oil executive said

In this article LHA-DE A Boeing 747-8 Lufthansa airplane takes off from the Airport Tegel in Berlin. Britta Pedersen | AFP | Getty Images Airlines in Europe this winter are flying passenger planes that are at times nearly empty in order to hold onto coveted take-off and landing spots at airports during a time of

A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images Although it will come down from imminent peaks, inflation is unlikely to normalize in the near future, according to Francesco Curto, head of research at asset management firm DWS, as

Getty Images Bitcoin is down around 36% from its all-time high in November, but the dip has a good side, thanks to a quirk in the tax code that helps crypto holders shield their winnings from the IRS. The IRS treats cryptocurrencies like property, meaning that anytime you spend, exchange, or sell your tokens, you’re

A BMP-2 amphibious infantry fighting vehicle during field firing practice ahead of the 78th birthday of the guards tank army of the Western Military District at the Golovenki range outside Moscow. Sergei Bobylev | TASS | Getty Images WASHINGTON – Intelligence agencies monitoring Russian cyber operations against Ukraine believe Russia’s pattern of activity could signal

In this article VWS-DK RWE-DE One of the turbines at the Triton Knoll offshore wind farm, which is located in waters off England’s east coast. Ian Greenwood Turbine commissioning at one of the world’s biggest offshore wind farms is complete and full operations are slated to begin in the first quarter of 2022, according to

Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Jack Dorsey’s payments company Block (formerly Square) is going to start mining for bitcoin. In a string of tweets,

In this article MAERSK.B-DK The container ship MORTEN MÆRSK heading to Hamburg on April 22, 2020. eyewave | iStock Editorial | Getty Images The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to “green” fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than

Ubiquitous Energy solar energy capturing windows installed at Michigan State University. Courtesy of Ubiquitous Energy A material science start-up, Ubiquitous Energy, is raising tens of millions of dollars to turn windows into surfaces that capture solar energy. The California start-up announced on Tuesday it closed a $30 million funding round, including an investment from consumer

Bloomberg | Getty Images Investments related to cryptocurrencies and digital assets are the top threat to investors “by far,” according to new data from the North American Securities Administrators Association (NASAA). “Stories of ‘crypto millionaires’ attracted some investors to try their hand at investing in cryptocurrencies or crypto-related investments this year, and with them, many

Cooling towers at the Tricastin Evolutionary Power Reactor nuclear power plant in France. Bloomberg | Bloomberg | Getty Images A controversial EU plan to include nuclear and natural gas in its ranking of sustainable investments is confusing and could lead to further greenwashing, investors told CNBC. The European Commission, the executive arm of the EU,

European Union foreign policy chief Josep Borrell and Ukrainian Foreign Minister Dmytro Kuleba visit the line of contact in Luhansk, Ukraine. Anadolu Agency | Anadolu Agency | Getty Images The United States and Russia are having key talks next week and the EU’s top diplomat is disappointed that the bloc will not be around the

In this article DAI-DE TSLA A Tesla Model 3 photographed in London, England, on May 16, 2019. John Keeble | Getty Images News | Getty Images LONDON — A record 190,727 new battery electric cars were registered in the U.K. last year, according to figures released on Thursday, with Tesla’s Model 3 the best-selling battery

The Linde AG logo on a liquid hydrogen tanker truck taking a fuel delivery at the Linde hydrogen plant in Leuna, Germany, on Tuesday, July 14, 2020. Rolf Schulten | Bloomberg | Getty Images Hydrogen is the simplest element, and the most abundant substance in the universe. When hydrogen burns, it generates energy in the

Sarayut Thaneerat | Moment | Getty Images Victims of the $200 million BitMart hack say that five weeks have passed since the crypto exchange vowed to return their money, but many still haven’t seen a dime. “I’m not one to bitch and moan a lot,” said Paul DeLong, a business owner in Austin. “BitMart, from

An artist rendering of Oklo’s Aurora powerhouse Image credit: Gensler Federal regulators have denied the application from Silicon Valley nuclear power start-up Oklo to build and operate its advanced nuclear reactor, dubbed Aurora, in Idaho. The Nuclear Regulatory Agency filed the decision on Thursday and cited lack of sufficient information about potential accidents and safety

Kazakh law enforcement officers gather in a square during a protest against LPG cost rise following authorities’ decision to lift price caps on liquefied petroleum gas in Almaty, Kazakhstan January 5, 2022. Pavel Mikheyev | Reuters Rising food and fuel prices pose serious challenges for emerging market countries, according to one economics risk analyst, who