Global investment in wind and solar power, biofuels, biomass and waste, small hydropower—the main technologies behind clean electricity—has expanded by nearly an order of magnitude since BloombergNEF first started tracking this data. In annual dollars terms, clean-energy investment […]
The leader of Canada’s oil heartland called President Joe Biden’s decision to cancel the Keystone XL pipeline project an “insult” and urged Prime Minister Justin Trudeau to consider retaliation. Last year, Kenney’s government invested $1.1 […]
London — ExxonMobil is in talks to sell its UK North Sea assets to Norwegian investor HitecVision, the companies said Jan. 21, after HitecVision was previously instrumental in ExxonMobil’s exit from Norway. In separate statements, the […]
DBJ – Extraction Oil & Gas named a new CEO and revealed a new board of directors as it emerged from Chapter 11 bankruptcy Wednesday, completing six months of restructuring. Industry veteran Tom Tyree, who had […]
In his inaugural speech today, President Joe Biden spoke about “ a climate in crisis.” Biden has made it clear that climate policy will be one of his administration’s top priorities. If the new president is […]
The U.S. imposed on Tuesday sanctions on the Russian pipe-laying vessel that was expected to complete the construction of the gas pipeline Nord Stream 2, while several Western companies are said to have abandoned links […]
Dubai — A return of Iranian oil to the market if new US President Joe Biden resurrects the nuclear deal could destabilize crude prices and undermine the OPEC+ alliance, experts said at the Atlantic Council Global […]
TC Energy said it is suspending the project in light of the expected Biden action. Biden will revoke the presidential permit granted to Keystone XL within hours of taking the oath of office later today, […]
Israeli company StoreDot Ltd. has manufactured the first battery for electric vehicles that can be charged in just five minutes, a step toward making refueling as fast as cars at a gas station. The lithium-ion […]
The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels. The investments in the transition to a low-carbon […]
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