Originally published on RMI.org.By Madeline Tyson President Biden’s infrastructure plan (The American Jobs Plan) aligns recovery stimulus and climate action. This is smart: experts conclude that the green stimulus delivers high returns in job creation. To date, stimulus hasn’t been that green overall globally but the US plan will make a positive difference for our nation and the planet. To reap the full benefits, it will be important
Miles below the Earth’s surface, there’s a source of renewable energy that could sustain all of humanity for the foreseeable future. Just 0.1% of Earth’s total heat content could meet our energy needs for 2 million years, according to ARPA-E, the government agency that funds R&D efforts for advanced energy technologies. It’s called geothermal energy, and
(Bloomberg) — Drive down any highway in the world and you’ll see countless reminders that the price of Big Oil’s primary product is rising. What’s less obvious is how the inflationary pressures from transport fuel are being amplified by another part of this sprawling industry — chemicals. The cost of the building blocks for everything
By Simon Alvarez Posted on May 7, 2021 Elon Musk may be the de facto face of cryptocurrencies today due to Tesla’s Bitcoin stake and his frequent posts about Dogecoin, but the Tesla CEO has issued a word of caution for those willing to place their hard-earned money into digital currencies. While speaking with reporters,
The underbody of an ID.3. electric vehicle being worked on at a Volkswagen facility in Dresden, Germany, on January 29, 2021. Matthias Rietschel | picture alliance | Getty Images The shift to electric vehicles could affect thousands of workers in Germany over the coming years, the Munich-based Ifo Institute said Thursday. The Ifo’s study, which
Utility-scale solar power offers the cheapest electricity in history. However, cheapest doesn’t always mean best, even in the electricity sector. Rooftop solar power comes with a few big benefits. Also, it doesn’t actually compete with utility-scale solar except in certain nuanced or policy ways. Rooftop solar power competes with retail electricity from the utility, rather
Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane, butane, and pentanes. Orjan F. Ellingvag | Corbis
A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images The economy is entering the right time in the economic cycle for investors to bet on oilfield services and equipment stocks like Halliburton and Baker Hughes, Barclays said
(Bloomberg) — Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand. Global benchmark Brent has struggled for momentum after failing to break above $70 a barrel on Wednesday. While major crude importer India is battling a record coronavirus wave that’s sapped economic activity, there are signs of rising oil
By Simon Alvarez Posted on May 6, 2021 Two new studies from the Stockholm Environment Institute (SEI) and Transport & Environment (T&E) have suggested that advances in technology would enable battery-powered heavy trucks like the Tesla Semi to become cheaper to own and run compared to their petrol and diesel counterparts. According to T&E, these
Forget high-performance electric scooters – we’ve now entered a whole new field of “ultra performance” electric scooters. Case in point: The NAMI BURN-E electric scooter just launched in the US by Miami-based FluidFreeRide. The NAMI BURN-E, also known as the Viper in other areas of the world, is so much more scooter than anyone really
One of India’s largest renewable energy generation companies, Adani Green Energy, has reported stellar financial performance during the first quarter of this year. According to the company’s filing with the Indian stock exchanges, Adani Green Energy’s profit rose from US$7.6 million in Q1 2020 to $14.1 million in Q1 2021. The company also reported a
Bim | E+ | Getty Images The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency. A new report from the Paris-based organization, published Wednesday
ConocoPhillips Co. signage is displayed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Nov. 4, 2016. Michael Nagle | Bloomberg | Getty Images Higher oil prices and the potential for larger returns to shareholders makes ConocoPhillips a hard stock for investors to resist, according to Bank of
Total (NYSE: TOT) has revealed that the company has realized the first ship-to-containership Liquefied Natural Gas (LNG) bunkering operation in France. The business said the world’s largest LNG bunker vessel in operation, Total’s Gas Agility, completed on April 30, at the Port of Dunkirk, the refueling of the world’s largest containership powered by LNG, the CMA CGM
By Simon Alvarez Posted on May 5, 2021 Something very exciting seems to be happening at the Tesla Grohmann Automation site in Prüm, Germany. Based on recent images and videos taken of the area, an expansion is currently underway at the Grohmann site. Interestingly enough, the upcoming facility seems to be using prefabricated concrete materials,
The U.S. Department of Energy (DOE) today announced a slate of new efforts, including $15.5 million in new funding, to support solar energy deployment in underserved communities and build a diverse, skilled workforce. These initiatives will help families and businesses that have been left behind in the clean energy transition to reap the benefits of
In this article MS US President Joe Biden delivers remarks and participates in the virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action from the White House in Washington, DC, on April 23, 2021. Jim Watson | AFP | Getty Images President Joe Biden’s allies in the business community have been
Oil tanks at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS via Getty Images Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market
The board of directors of Velesto Energy Berhad has revealed that an incident involving its Naga 7 rig has occurred offshore Sarawak. The incident was said to have happened at a worksite due to rapid penetration into a formation on May 3 while operating for a client. Naga 7 tilted and subsequently submerged on May
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