Tag Archives: Energy

Russia faces new sanctions on its energy exports

Russia faces new sanctions on its energy exports

Russian President Vladimir Putin and Chinese President Xi Jinping.Photo by ALEXEI DRUZHININ/Sputnik/AFP via Getty Images The European Union’s upcoming ban on Russian oil products could spell more turmoil for the Kremlin. China and India are unlikely to buy refined Russian fuels that were once sold to the EU, which will ban them on February 5. That’s in contrast to Russian crude oil, which were snapped up by China and India after Europe shunned those supplies. Russia faces new sanctions on its… Source link

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Amazon, Meta and Google buy more clean energy than any other companies

Amazon, Meta and Google buy more clean energy than any other companies

Google headquarters is seen in Mountain View, California, United States on September 26, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are leading the charge of companies buying wind and solar power. Amazon, Facebook parent company Meta, and Google, owned by parent company Alphabet, are the top three corporate purchasers of wind and solar energy, according to a report published Wednesday from the American Clean Power Association, an industry group. related investing… Source link

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Geothermal energy poised for boom, as U.S. looks to follow Iceland’s lead

Geothermal energy poised for boom, as U.S. looks to follow Iceland’s lead

The Climeworks AG Orca direct air capture and storage facility, right, and Hellisheidi geothermal power plant, left, in Hellisheidi, Iceland, in September 2021. (Arnaldur Halldorsson/Bloomberg via Getty Images) The small island nation of Iceland is known among environmentalists for its low greenhouse emissions — per capita, roughly one-third of those of the United States — thanks in part to its reliance on clean, geothermal energy derived from the more than 30 active volcanic systems that… Source link

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Clean Energy Quest Pits Google Against Utilities

Clean Energy Quest Pits Google Against Utilities

It was the sort of dry panel discussion that occurs at hundreds of industry conferences every year — until a Google representative decided it was time to unleash. “This is personal for me,” Jamey Goldin, an energy regulation lawyer at Google, told those attending a May conference in Atlanta on renewable energy in the Southeast. He said he had grown up on a ridge overlooking Plant Bowen, a coal-fired power plant northwest of Atlanta owned by Georgia Power, the dominant electricity… Source link

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Energy crushed the S&P 500 in 2022, and Wall Street still loves the sector in 2023

Energy crushed the S&P 500 in 2022, and Wall Street still loves the sector in 2023

Energy stocks have been this year’s biggest winners in a bleak year for equities. And Wall Street is betting the sector’s outperformance will persist in the new year. Even as the price of oil pulls back from this year’s highs, energy stocks look poised to charge higher thanks to relatively cheap valuations and earnings expectations that appear to be a bright spot in an otherwise grim outlook for S&P 500 earnings estimates. “The bottom line here is that when you think about the earnings of… Source link

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Nuclear fusion breakthrough ‘an enormous game changer,’ Constellation Energy CEO says

Nuclear fusion breakthrough ‘an enormous game changer,’ Constellation Energy CEO says

The U.S. Department of Energy announced a breakthrough in nuclear fusion on Tuesday that puts the world one step closer to harnessing an abundant energy source free from carbon emissions and long-lived radioactive waste. U.S. Energy Secretary Jennifer Granholm confirmed that scientists achieved a reaction that created more energy than was used — known as a net energy gain — at the federally-funded Lawrence Livermore National Laboratory in California. “Last week at the Lawrence Livermore… Source link

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