Energy
After decades as a nuclear powerhouse, France makes its play in offshore wind
This image, from Sept. 2022, shows French President Emmanuel Macron speaking with workers on board a boat during a visit to the Saint-Nazaire Offshore Wind Farm. Stephane Mahe | AFP | Getty Images A facility described as “France’s first commercial-scale offshore wind project” is fully operational, multinational utility EDF said this week. The news represents […]
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A wave-powered prototype device is aiming to produce drinking water from the ocean
Ocean Oasis’ Gaia system has been designed to use wave power to desalinate water. Ocean Oasis Plans to use marine energy to desalinate water received a further boost this week, after a Norwegian firm presented a system that will be put through its paces in waters off Gran Canaria. In a statement Monday, Oslo-headquartered Ocean […]
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DCG’s Barry Silbert reveals crypto company has $2 billion in financial debt as he tries to quiet investors soon after FTX
Barry Silbert, the founder of crypto conglomerate Digital Forex Team, has joined a increasing checklist of marketplace leaders in seeking to settle investors’ nerves soon after the unexpected collapse of FTX. In a observe to shareholders on Tuesday, Silbert addressed all the “sounds” about the economical overall health of DCG’s subsidiaries, which contains investing organization […]
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Here’s the apology letter Sam Bankman-Fried sent to FTX workforce: ‘When sh—y items materialize to us, we all tend to make irrational decisions’
Sam Bankman-Fried, co-founder and CEO of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Photos FTX’s ex-CEO Sam Bankman-Fried blamed his “irrational conclusions” on “sh—y” conditions in a letter obtained by CNBC that was despatched to staff members of the bankrupt crypto trade. Bankman-Fried mentioned he “froze […]
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Europe’s gas rate cap leaves some nations dismayed, saying it is really much far too higher
Commissioner for electricity Kadri Simson is conversing to media. EU countries are debating new techniques to offer with the electrical power disaster. Thierry Monasse | Getty Photographs News | Getty Illustrations or photos Various EU member states are not content with the bloc’s proposed cap on normal gas selling prices — at 275 euros for […]
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New York governor indicators first-of-its-kind law cracking down on bitcoin mining — here is all the things that is in it
These machines, identified as mining rigs, get the job done round the clock to uncover new units of cryptocurrency. Benjamin Hall | CNBC New York Gov. Kathy Hochul signed a law Tuesday banning selected bitcoin mining functions that run on carbon-primarily based energy resources. For the future two years, until a evidence-of-perform mining corporation uses […]
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China ‘played a excellent game’ on lithium and we have been slow to react, CEO says
This impression, from March 2021, demonstrates a employee with vehicle batteries at a facility in China. STR | AFP | Getty Images China is top the way when it will come to lithium — and the rest of the environment has not been quick ample to respond to its dominance, according to the CEO of […]
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European Union government proposes gas value cap at 275 euros/MWh
European gasoline costs are expected to drop in the coming months. Krisztian Bocsi | Bloomberg | Getty Visuals The European Union govt on Tuesday proposed a gasoline value cap for the bloc at 275 euros ($282) per megawatt hour for thirty day period-in advance derivatives on the Dutch trade that provide as Europe’s benchmark. The […]
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Biden grants PG&E $1.1 billion to keep Diablo Canyon nuclear plant open
Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, due to be shutdown in 2024 despite safely producing nearly 15% of the state’s green electrical energy power, is viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. George Rose | Getty Images The Biden administration […]
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U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips challenged over ‘secretive’ tax methods
Speaking late previous thirty day period, U.S. President Joe Biden threatened to go after greater taxes on oil company earnings if market giants do not operate to cut gasoline price ranges. Brandon Bell | Getty Images Oxfam on Monday submitted shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, stating a lack of […]
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