Energy News

Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020. Lordstown Motors | Reuters Shares of Lordstown Motors tumbled more than 9% during after-hours
0 Comments
Patrick Pleul | picture alliance | Getty Images The world’s pathway to developing an energy sector with net-zero emissions by the middle of the century is a viable but narrow one, the International Energy Agency said Tuesday. In a statement released alongside the publication of a major new report, the Paris-based organization said achieving the
0 Comments
The rotation out of technology may be facing yet another catalyst. If energy’s outperformance persists, it could force more investors to rebalance their portfolio, leaving tech behind in favor of the former laggard, Miller Tabak’s Matt Maley told CNBC’s “Trading Nation” on Tuesday. Oil prices fell Wednesday to around $62 a barrel after hitting two-month
0 Comments
Transportation Secretary Pete Buttigieg said Thursday that the ransomware attack on Colonial Pipeline, the operator of the country’s largest fuel pipeline, has been a “wakeup call” for U.S. cybersecurity vulnerability. Colonial is still struggling with a cybersecurity attack that forced its entire system offline on Friday and triggered widespread fuel shortages across the East Coast.
0 Comments
Storage tanks at a Colonial Pipeline Inc. facility in Avenel, New Jersey, on Wednesday, May 12, 2021. Mark Kauzlarich | Bloomberg | Getty Images The recent ransomware attack on Colonial Pipeline was an all too familiar story to businesses across the United States. The pipeline, which supplies fuel to some 50 million people from the
0 Comments
Monty Rakusen | Cultura | Getty Images A project aiming to harness geothermal energy from disused, flooded coal mines in the northeast of England took another step forward this week after it was given planning permission for an initial testing phase. In an announcement Monday, South Tyneside Council said the development would “draw geothermal energy
0 Comments