Energy
The G-7 is considering a price cap on Russian oil. But energy analysts think it’s impossible
The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be. Picture Alliance | Picture Alliance | Getty Images The world’s seven-largest industrialized economies have floated the idea of a price cap on Russian oil to further squeeze the Kremlin’s ability to fund its onslaught […]
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Regulator urges Germans to prepare for possible gas shortage
Fearing Russia might cut off natural gas supplies, the head of Germany’s regulatory agency for energy called on residents Saturday to save energy and to prepare for winter, when use increases. Federal Network Agency President Klaus Mueller urged house and apartment owners to have their gas boilers and radiators checked and adjusted to maximize their […]
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Bitcoin Family say they lost $1 million on their investment this year, but sold a lot at peak
‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihuttu The “Bitcoin Family” is down more than $1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $69,000 in Nov. 2021 — but patriarch Didi Taihuttu is as bullish as ever. “I’m buying bitcoin daily,” Taihuttu told […]
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Biden opens the possibility of more offshore oil drilling in the Gulf of Mexico
An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration released a five-year offshore oil and gas drilling development plan on Friday that would block all new drilling in the Atlantic and Pacific Oceans […]
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Major crypto broker Voyager Digital suspends all trading, deposits, and withdrawals
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Digital asset brokerage Voyager Digital has paused all customer trading, deposits, withdrawals and loyalty […]
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Russian and Chinese designs dominate nuclear reactors, warns IEA chief
A visitor (R) learns about huaneng’s high-temperature gas-cooled reactor model at the China International Nuclear Power Industry and Equipment Exhibition 2021 in Yantai, Shandong Province, China, Oct. 19, 2021. Future Publishing | Future Publishing | Getty Images Nuclear power could be a dominant player in the next-generation clean energy landscape, but that will require concerted […]
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The Supreme Court’s EPA ruling is a big setback for fighting climate change, but not a death knell
Steam rises from the cooling towers of the coal-fired power plant at Duke Energy’s Crystal River Energy Complex in Crystal River, Florida, U.S., March 26, 2021. Dane Rhys | Reuters On Thursday, the Supreme Court changed the rules of the game in the race to limit global warming by constricting the Environmental Protection Agency’s authority […]
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Here’s what you need to know if you’re traveling for the Fourth of July
NBC’s Tom Costello joins ‘Squawk Box’ to break down how much Americans can expect to spend on travel over the holiday weekend amid higher energy prices. Source
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UK-based startup Tevva launches hydrogen-electric truck with 310-mile range
U.K.-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck and Volvo. According to Tevva, which says it has raised $140 million in funding, its vehicle will have a range of as much as 310 miles, […]
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Elon Musk is smart — but he doesn’t understand ESG, tech CEO says
In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and […]
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