John Kerry, the U.S. special presidential envoy for climate, is arguing that renewable energy will become “far more price competitive” provided the oil and gas energy industry is forced to follow expensive carbon capture and storage requirements. “It is imperative that we meet our [climate] goals. And that will require capturing emissions which are the…
Carbon Capture in Oil Industry Will Make Renewables ‘Price Competitive’: John Kerry
April 24, 2023
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Oil Prices Steady on Uncertain Global Outlook and Supply Concerns
April 24, 2023
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LONDON—Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of tightening supplies. Brent crude slipped 22 cents, or 0.3 percent, to $81.44 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was down 10 cents, or 0.1…
Stock Markets Today: Global Stocks Lower Ahead of US Data
April 24, 2023
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BEIJING—Global stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing. London and Frankfurt opened lower. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell. Wall Street’s benchmark S&P 500 index gained 0.1 percent on Friday but ended with a small loss for…
Most Australians Are Willing to Transition to Renewable Energy: Research
A study has found that most Australians feel positive about adopting electric vehicles (EVs) and electrifying their homes despite rising living cost pressures. According to a new report (pdf) by left-leaning think tank Australia Institute, which surveyed 1,954 adults across the country, 55 percent of the respondents were willing to convert gas-running appliances into electric…
Buttigieg: More Minerals From US and Friendly Nations Needed Amid Electric Vehicle Push
April 21, 2023
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Transportation Secretary Pete Buttigieg has indicated the United States needs to source more minerals domestically and from friendly nations in order to meet new demands for electric vehicles (EVs). The supply chain for minerals used in EV batteries is heavily controlled by China. Buttigieg testified during a House Appropriations Committee hearing on Thursday that the…
Biden Signs Order ‘Revitalizing’ US Commitment to ‘Environmental Justice’
April 21, 2023
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President Joe Biden signed an executive order on April 21 to “revitalize” America’s commitment to “environmental justice for all.” “Environmental justice will be the mission of the entire government woven directly into how we work with state, local, tribal, and territorial governments,” Biden said in remarks at the White House. The order tells executive branch…
US Not Capitalizing on Status as World’s Only ‘Energy Superpower’, Says ‘Godfather of LNG’ Charif Souki
April 21, 2023
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Russia’s invasion of Ukraine created a global energy crisis and an opportunity for the United States to assert itself as the world’s “energy superpower,” maintains Charif Souki, “the godfather of LNG” who a decade ago spearheaded the American drive to become the global leader in liquified natural gas production. “The fundamental thing that has happened,…
Biden to Sign Order ‘Revitalizing’ US Commitment to ‘Environmental Justice’
April 21, 2023
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President Joe Biden will sign an executive order on April 21 to “revitalize” America’s commitment to “environmental justice for all” according to a White House statement. The statement says the executive order is part of the Biden-Harris administration’s whole-of-government effort to confront “longstanding environmental injustices and inequities.” “For far too long, communities across our country have faced persistent environmental…
Oil Heads for Weekly Loss on Economic Uncertainty
April 21, 2023
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LONDON—Oil prices were on track for a hefty weekly loss as economic and interest rate uncertainty weighed, though prices were stable on Friday as the eurozone recovery gathered pace unexpectedly. Brent futures for June delivery edged down by 4 cents, or 0.05 percent, to $81.06 a barrel at 0932 GMT. West Texas Intermediate crude (WTI)…
Stocks Struggle, Dollar Gains as Investors Scrutinize Data
April 21, 2023
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LONDON—Global stocks struggled on Friday as investors pored over economic data for clues on the likelihood of more interest rate hikes and possible recession in the United States as a new earnings season unfolded. The dollar edged up and looked set for its first weekly gain in more than a month on Friday. Oil prices…
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