TOKYO—Global shares mostly rose Thursday following a rally on Wall Street as investors assessed minutes from the Federal Reserve’s latest meeting of policymakers and welcomed encouraging data on U.S. jobs. France’s CAC 40 lost 0.6 percent to 6,736.01 in early trading, while Germany’s DAX fell 0.4 percent to 14,438.94. Britain’s FTSE 100 edged up 0.1…
Global Shares Rise as Sentiments Get Boost From Fed, US Jobs
January 5, 2023
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Kentucky Joins Growing Movement to Blacklist ESG Banks
January 4, 2023
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Kentucky has joined a growing list of conservative states that have begun to boycott banks they charge are discriminating against the fossil fuel industry. In compliance with a Kentucky law passed in March, State Treasurer Allison Ball yesterday released a list of banks that “are engaged in energy company boycotts.” This list included Wall Street…
Willie Phillips Becomes First African-American to Chair FERC
January 4, 2023
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Willie Phillips has been named as the new chairman of the Federal Energy Regulatory Commission. On Jan. 3, the Federal Energy Regulatory Commission (FERC) announced that President Joe Biden had named Willie Phillips as its new acting chairman. Phillips will become the first African-American to serve as the FERC Chairman since its creation 45 years ago. He will take over as acting…
Moving From ‘One Authoritarian Government’ to Another as Europe Shifts Energy Dependency Toward China
Europe’s push to transition toward absolute renewable energy while weaning away from depending on Russian energy supplies could make the bloc end up being too dependent on China instead, warns the Institute for Energy Research (IER). The European Union (EU) already relies on China for much of its solar panels. Between January and August 2022,…
US to Become Top LNG Exporter in 2023 as First Tanker Arrives in Germany: Report
The United States is on course to surpass the world’s largest exporter of liquefied natural gas (LNG) in 2023, according to ship-tracking data compiled by Bloomberg, which noted the United States and Qatar both exported 81.2 million tons of LNG last year. In a year when large economies in Europe and Asia scrambled to source…
Cleantech Stocks Fall Sharply in Energy Upheaval of 2022
News Analysis The year 2022 was one of energy upheaval. In the long run, analysts expect this to work in favour of clean energy, but for now those stocks are taking it on the chin. For two straight years, oil and gas has been the best-performing sector in the stock market, but despite the billions…
12 Events to Watch for in 2023
January 4, 2023
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The year 2022 was one of surprises: Russia’s invasion of Ukraine, persistent inflation fueled by energy costs, the collapse of FTX and crypto markets, the revelations of the so-called Twitter Files, and one of the worst equity markets in recent history, to name but a few. The year 2023 is poised to present some equally…
Oil Falls Again as Concerns Grow Over Global Economy, China COVID-19 Cases
January 4, 2023
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LONDON—Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising COVID-19 cases. Brent futures fell $1.88 to $80.22 a barrel, a 2.3 percent loss, by 1032 GMT. U.S. crude dropped $1.68, or 2.2 percent, to $75.25…
Stocks Creep Higher as Inflation Data Offers Hope Ahead of Fed
January 4, 2023
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SINGAPORE/LONDON—European and Asian shares rose on Wednesday thanks to positive news about inflation and China’s strict anti-COVID measures, while the dollar backpedaled as investors await minutes from the Federal Reserve’s most recent meeting. The pan-European STOXX 600 was up 0.9 percent by 0835 GMT as a lower inflation reading from France boosted sentiment, adding to…
Kentucky Lists BlackRock, JPMorgan Chase for Divestment Over ‘Ideological’ Energy Boycott
January 3, 2023
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The State of Kentucky on Tuesday released a list of 11 financial companies that included BlackRock and JPMorgan Chase, warning that they are at risk of divestment because of their ideologically driven boycott of the fossil fuel industry. “When companies boycott fossil fuels, they intentionally choke off the lifeblood of capital to Kentucky’s signature industries,”…
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