Environment
Burning gas to produce electricity is ‘stupid,’ the CEO of power giant Enel says
Enel CEO Francesco Starace photographed in 2019. In an interview with CNBC on May 24, 2022, Starace said “you can produce electricity better, cheaper, without using gas.” Giulio Napolitano | Bloomberg | Getty Images The CEO of Italian power firm Enel has cast doubt on the continued benefit of using gas to produce electricity, telling […]
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EU chief hopes deal for a Russian oil embargo will be reached in the coming days
European Commission President Ursula von der Leyen delivers a speech during a plenary session of the European Parliament at the EU headquarters in Brussels, on March 23, 2022. John Thys | AFP | Getty Images DAVOS, Switzerland — European Commission President Ursula von der Leyen told CNBC Tuesday that she’s hoping an agreement to sanction Russian […]
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Spain paints itself as the answer to Europe’s Russian energy problem
The President of the Spanish Government, Pedro Sanchez. Europa Press News | Europa Press | Getty Images Spanish Prime Minister Pedro Sanchez has said his country — and southern Europe more broadly — could provide an answer to the shortfall in gas supplies from Russia as the region looks to double down on sanctions against Moscow. […]
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Photos: Bangladesh and India endure catastrophic floods
Vehicles stuck in the floodwater in Sylhet, Bangladesh, May 17, 2022. Many roads have been submerged due to continuous high rains for several days. Md Rafayat Haque Khan | Eyepix Group | Future Publishing | Getty Images Severe floods in parts of Bangladesh and India have killed at least 24 people and left thousands of […]
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After seeing Hawaii’s beaches littered with plastic, this islander built a company to make straws from seaweed
At Sunday Motor Co. Café in Madison, New Jersey, customers are sampling the latest in biodegradable non-plastic utensils. Specifically, straws made of seaweed. The dispenser says, “Designed to Disappear,” which is exactly what the co-founder of sustainable start-up Loliware envisioned. Chelsea Briganti, who goes by “Sea,” was born and raised in Hawaii, where, as a […]
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Belgium becomes first country to introduce mandatory monkeypox quarantine as global cases rise
In this 1971 Center For Disease Control handout photo, monkeypox-like lesions are shown on the arm and leg of a female child in Bondua, Liberia. CDC | Getty Images Belgium has become the first country to introduce a mandatory 21-day quarantine for monkeypox patients as cases of the disease — typically endemic to Africa — […]
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Russia dominates nuclear power supply chains — and the West needs to prepare now to be independent in the future
Wind turbine and cooling towers of the Cruas-Meysse nuclear power plant in France, April 12, 2021. Jean-Marie HOSATTE | Gamma-Rapho | Getty Images Russia’s war in Ukraine has pushed countries around the globe to wean themselves from Russian oil and natural gas. Parallel conversations are imminent in the nuclear energy space, too, because Russia is […]
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China demand must remain weak or we’ll have big trouble in the oil markets, IEA chief says
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in the years ahead. Imaginima | E+ | Getty Images The executive director of the International Energy Agency spoke of the current challenges facing […]
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Oxfam calls for an end to billionaire ‘bonanza,’ say millions are falling into extreme poverty
Olga Shumytskaya | Moment | Getty Images A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into extreme poverty at around the same rate in 2022. Those are the sobering statistics recently released by Oxfam. There were 573 more billionaires in the world by March 2022 than […]
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Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first […]
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