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HomeFinance

Finance

Energy poverty in the name of environmental…
Electrical Generation / Utilities

Energy poverty in the name of environmental justice

January 27, 2021 Stu Turley

Energy News Beat Publishers Note: This is sad for the lower income and disproportionate impacted communities. They always pay the price, and our elected officials need to take care of them, rather than tax them past […]

Aramco chief technical officer Ahmad al-Khowaiter -Energy News Beat
Finance

Wall Street’s Eyes on Riyadh Just as Wealth Fund Pivots Home

January 27, 2021 Stu Turley

Saudi Arabia’s $400 billion sovereign wealth fund will find it tough to repeat its success of recent years when it made its mark globally as a source of cash for asset managers, tech entrepreneurs and tycoons. Ahead […]

Energy News Beat - Logo
Commodities

Energy News Beat: 1/27/2021 – Crude draws can’t lift prices

January 27, 2021 Mariel Alumit

Stocks fall sharply from disappointing earnings (beside Gamestop…). Boeing fell more than 4% after its earnings report showed 2020 net loss hit a record of $11.9 billion amid the 737 Max grounding and the coronavirus pandemic. S&P […]

Exxon Faces Proxy Fight After Activist Nominates Four Directors Energy News Beat
Finance

Exxon Faces Proxy Fight After Activist Nominates Four Directors

January 27, 2021 Stu Turley

Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. 1 formally nominated four directors to the board of the energy giant, which is facing growing calls to change its strategy. Engine No. 1, […]

CEO Larry Fink lays out importance of environmental priorities in annual letter - Energy News Beat
ESG

Go carbon neutral or get left behind, world’s biggest money manager warns companies

January 26, 2021 Stu Turley

Larry Fink, chief executive of the world’s biggest asset manager BlackRock , warned the companies it invests in on Tuesday they will need to show a game plan for surviving in a world aiming for […]

india - Energy - Energy News Beat
Finance

India’s Green Energy Goals Boosted by Return of Foreign Backers

January 26, 2021 Stu Turley

India’s goal of doubling renewable power by next year is getting a boost from international investors who see the massive market’s potential outweighing significant risks. French oil major Total SA’s $2.5 billion investment in Adani […]

Energy Transition Investment Hit 500 Billion in 2020 – For First Time - Floating Solar Panels - Energy News Beat
Finance

Energy Transition Investment Hit $500 Billion in 2020 – For First Time

January 25, 2021 Stu Turley

A new, broad measure of ‘energy transition investment’, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption […]

EU Will Vow to Work Against Fossil - Fuel Investments Globally
Finance

EU Will Vow to Work Against Fossil-Fuel Investments Globally

January 25, 2021 Stu Turley

The European Union plans to use its diplomatic and economic muscle to accelerate global energy transition away from fossil fuels, as the bloc aligns its foreign and security policy with its ambitious climate objectives. “EU energy diplomacy […]

Finance

EVgo, an LS Power Company, and Leader in U.S. Electric Vehicle Fast Charging, to Publicly List through Business Combination with Climate Change Crisis Real Impact I Acquisition Corporation

January 22, 2021 Stu Turley

EVgo, an industry-leading builder, owner and operator of DC fast charging for electric vehicles in the U.S., has entered into a definitive business combination agreement with Climate Change Crisis Real Impact I Acquisition Corporation (“CRIS”); […]

Earnings

Baker Hughes Posts Fourth-Quarter Earnings Miss

January 21, 2021 Stu Turley

Shares of oilfield services major Baker Hughes  (BKR)  slumped on Thursday after the company reported adjusted fourth-quarter earnings that missed analysts’ forecasts as it continued to recover from a slump in oil and gas prices due to […]

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