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The average price of gasoline in the U.S. on Wednesday broke above $3 at $3.008 per gallon, a seven-year high. After Friday’s cyber ransomware attack on the Colonial Pipeline, operations have ceased, creating a situation where gas has risen to its highest level since...
The oil market seems to be in a recovery phase if Exxon Mobil’s first-quarter results are any indication. The mammoth oil company posted a first-quarter profit on Friday after having four straight quarterly losses. The Irving, Texas-based oil company beat both top and bottom-line estimates for the...
According to the Solar Energy Industries Association (SEIA), the U.S. solar industry reported a record year in 2020. An SEIA report showed that the solar industry added 19.2 gigawatts of new volume last year, 43 percent higher than in 2019. Industry experts anticipate that solar installations will...
During a week of historic snow and ice and record low freezing temperatures, the Texas power grid failed and left millions in the dark to fend for themselves. The winter storm wreaked havoc on the state and was responsible for one of the worst blackouts Texas has...
Eavor Technologies, a Canadian geothermal startup, announced a $40 million funding round this week, and big oil is getting onboard. Chevron’s Technology Ventures and BP Ventures are some of the startup's backers as oil corporations increase their renewable energy space investments. Eavor said it...
The Canadian-based investment group, Power Energy Corp, has expanded into the U.S. solar market by acquiring Nautilus Solar, a U.S. company headquartered in New Jersey. This past week, Power Energy Corp took full control of the American solar energy provider. The acquisition is one...
General Electric is furthering its renewed commitment to the environment with its launching of a new solar business with BlackRock. GE has created a footprint in the industry over the past few years, aligning its goals with energy storage and renewable storage.  GE has...
U.S. crude stocks climbed to their highest levels since September 2017 on Wednesday, owing to record-high production. Crude inventories in the U.S. rose to just over 470 million barrels. Last week, U.S. crude inventories surpassed expectation when the supply increased by 9.9 million barrels....
Earth Day is Monday, April 22 and with that in mind, the National Association of Realtors (NAR) has just released its REALTORS and Sustainability 2019 Report. The report highlights consumer preference about environmental sustainability features in real estate. NAR has previously pledged a...
Thanks to Apple’s influence, 15 more of its suppliers will now use 100 percent renewable clean energy when manufacturing Apple products. This brings the total to 23 of Apple’s suppliers making the environmental commitment. Some of Apple’s most recent pledges by its suppliers include...