Tag Archives: Energy

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

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

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

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

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

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

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

Energy stocks have room to go higher, even after a wild run this year, says one strategist. “They’re still cheap if you look at it on most metrics,” Tortoise portfolio manager Rob Thummel told Yahoo Finance Live this week. “The market is really rewarding companies that have positive earnings and free cash flow. That’s what this sector has,” said Thummel,” I still think there’s room for it to continue, even if oil prices stay the same, or even if they fall a little bit.” Thummel says… Source link

Nov 1 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Tuesday it would buy about three-quarters of the renewable power from SB Energy Global’s Texas facilities, as it aims to operate data centers on carbon-free energy by 2030. Companies are rapidly shifting toward clean energy and transportation as they look to meet environmental and sustainability goals. The $430-billion Inflation Reduction Act signed by President Joe Biden signed in August also seeks to incentivise a shift to clean… Source link

The war in Ukraine has turned against Russia and its authoritarian president, Vladimir Putin, with Ukrainian forces routing battered Russian units and retaking surprising amounts of turf in northeast Ukraine. But Putin still has some potent weapons he can deploy, and an energy war with the West is erupting in parallel with the military war in Ukraine. Despite bruising sanctions, Russia remains the world’s third largest exporter of oil and natural gas, and in coming months, Putin seems very… Source link