Environment
Goldman loves this ‘transformational’ sector — which is down over 50% in the past year
U.S. biotech is a hot pick for Goldman Sachs , which said the sector offers investors some “very attractive” entry points. Luke Barrs, head of fundamental equity, EMEA at Goldman Sachs Asset Management, told CNBC there is a “transformational change” happening in healthcare, particularly in genomic technology, a developing area of medicine that can personalize […]
Read More
Inside the U.S. government project to create tiny nuclear reactors like batteries
Nuclear reactors have a well-earned reputation for being massive construction projects that frequently run into cost overruns. Plus, once they are eventually constructed, monitoring and maintaining them takes a staff of dozens of trained experts. But Yasir Arafat believes nuclear power doesn’t have to be this way. Arafat is the technical lead of the microreactor […]
Read More
Biden tells oil companies in letter ‘well above normal’ refinery profit margins are ‘not acceptable’
President Joe Biden on Wednesday called on U.S. oil refining companies to produce more, saying they need to help alleviate the burden of high prices on consumers. “At a time of war – historically high refinery profit margins being passed directly onto American families are not acceptable,” the president said in a letter to oil […]
Read More
Oil giant BP buys 40.5% stake in massive renewables and green hydrogen project
A BP logo photographed in London on May 12, 2021. The International Energy Agency recently reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history. Glyn Kirk | Afp | Getty Images Oil and gas supermajor BP has agreed to take a 40.5% equity stake in the Asian Renewable Energy […]
Read More
Air pollution takes 2 years off your life, more than smoking or alcohol
Smoke hangs over the Oakland-San Francisco Bay Bridge in San Francisco, California, U.S., on Wednesday, Sept. 9, 2020. Powerful, dry winds are sweeping across Northern California for a third day, driving up the risk of wildfires in a region thats been battered by heat waves, freak lightning storms and dangerously poor air quality from blazes. […]
Read More
Texas power demand breaks record as severe heat wave hits the state
Yvette Johnson, 54, sits next to a fan outside of her families home on June 10, 2022 in Houston, Texas. Brandon Bell | Getty Images Power demand recently hit a record high in Texas amid a severe heat wave and will likely break more records this week as homes and businesses blast air conditioners across […]
Read More
Natural gas plummets as Freeport delays facility restart following explosion
Smoke billows from the Freeport LNG plant in Quintana, Texas, U.S., June 8, 2022, in this still image obtained from a social media video on June 9, 2022. Maribel Hill | Reuters Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up […]
Read More
Ford issues stop-sale of electric Mustang Mach-E crossovers due to potential safety defect
People visit Ford’s all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Xinhua via Getty Images DETROIT – Ford Motor is instructing dealers to temporarily stop selling electric Mustang Mach-E crossovers due to a potential safety defect that could cause the vehicles to become […]
Read More
WHO convenes experts to decide if monkeypox is an emergency
Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization will convene an emergency committee of experts to determine if the expanding monkeypox outbreak that has mysteriously spread outside Africa should be considered a global health emergency. WHO Director-General Tedros Adhanom Ghebreyesus said Tuesday he decided to convene the emergency committee on June 23 because the […]
Read More
‘Delusional’: UN chief slams new fossil fuel funding and warns of climate chaos
In remarks delivered to the Austrian World Summit in Vienna via video, Antonio Guterres issued a sobering assessment of the planet’s prospects. “Most national climate pledges are simply not good enough,” he said. Michael M. Santiago | Getty Images News | Getty Images The U.N. Secretary General has slammed new funding for fossil fuel exploration, […]
Read More