Environment
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EU urges citizens to work from home, drive less to reduce Russian gas reliance The EU is calling on people to switch up their habits in order to use less energy, which it says will help to reduce reliance on Russian gas. The EU imports roughly 40% of its natural gas from Russia. The European […]
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Taiwan’s ‘biggest offshore wind farm’ generates its first power
An offshore wind turbine in waters off Taiwan. Taiwan’s Ministry of Economic Affairs says it’s targeting 20% renewable energy generation by the middle of this decade. Billy H.C. Kwok | Bloomberg | Getty Images A large-scale offshore wind farm in waters off the coast of Taiwan has produced its first power, with those involved in […]
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Amazon launches $1 billion fund to invest in warehouse technologies
Robots transport goods to the employees in the warehouse of a logistics centre of the mail order company Amazon. Rolf Vennenbernd | dpa | Picture Alliance | Getty Images Amazon is launching a $1 billion fund that will back companies “of all stages” building supply chain, fulfillment and logistics technologies, the company announced Thursday. The […]
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Earth-imaging specialist Planet details more powerful line of Pelican satellites
A graphic rendering of a Pelican satellite. Planet Earth-imaging and data specialist Planet Labs on Thursday unveiled details of its new line of Pelican satellites, as the company looks to further expand and improve its space-based imagery capabilities. Planet expects to begin launching the Pelican satellites in early 2023, with the constellation consisting of up […]
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We have to make sustainability commitments that we don’t know how we’re going to meet, CEO says
Companies have to set sustainability goals even if they don’t know how they’ll achieve them, the head of a white goods company told CNBC. “We have to make commitments that we don’t know how we’re going to meet, we have to commit to investing in technology and innovation and set the bar so high that […]
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Energy giants Siemens Gamesa and SSE agree $628 million deal amid rising costs and profit warnings
Details of the agreement between SSE and SGRE were announced on the same day the latter released preliminary results for the second quarter, reporting revenue of around 2.2 billion euros and an operating loss of roughly 304 million euros. Paul Ellis | AFP | Getty Images Siemens Gamesa Renewable Energy has agreed to sell assets […]
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Natural gas drops 10%, pulls back from more than 13-year high
U.S. natural gas futures plunged more than 10% Tuesday, reversing Monday’s surge which saw the contract rally more than 10% at one point to break above $8 per million British thermal units and hit the highest level since September 2008. Henry Hub prices declined 10.2% Tuesday to trade at $7.02. The May contract is now […]
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April nor’easter drops a foot of snow, knocks power out for thousands
A person bundles up against the cold weather while walking in the Manhattan borough of New York City, New York, U.S., January 11, 2022. Carlo Allegri | Reuters A spring nor’easter has already dropped at least a foot of snow on parts of New York and Pennsylvania, leading to power outages and the closure of […]
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BP deal sends Nasdaq-listed EV charging stock Tritium surging
The need for new charging infrastructure in the U.K. is likely to become increasingly pressing in the years ahead, not least because authorities want to stop the sale of new diesel and gasoline cars and vans by 2030. Chris Ratcliffe | Bloomberg | Getty Images Tritium and BP have entered into a multi-year contract related […]
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Energy stocks lead the market, these names are outperforming as tech swoons
Energy is far and away the top-performing S&P group this year amid a surge in oil and gas prices. Source
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