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The International Energy Agency declared that energy-related CO2 emissions reached an all-time high last year due to coal-fueled energy, with an increase of 6 percent of CO2 emissions in 2021, or precisely 36.3 billion metric tons. Of this, coal was responsible for 40 percent of the growth, reaching 15.3...
In search of Earth-friendly options, aircraft manufacturers and airlines have been looking into alternative fuels to reduce their carbon emissions, which currently account for more than 2% of the world's total emissions. Airbus believes it has found a solution that could be tested in flight by 2026.  Airbus has ambitiously...
BP, British oil and gas giant, closed out the fourth quarter with significant gains. In fact, the company's full-year net profit was the highest it has been in eight years. This is largely due to global gas markets rising towards the end of 2021 and an oil price rally...
MidAmerican Energy, a subsidiary of Warren Buffett’s behemoth Berkshire Hathaway, is planning “feasibility studies” focused on renewable projects like energy storage, carbon capture, and small modular nuclear reactors. The $3.9 billion project would be headquartered in Iowa and would combine solar and wind power. As per the American Clean...
General Motors has announced its plans to manufacture two new Chevrolet Silverado electric vehicles. The first will be a work truck, while the second electric pickup will be a fully-loaded luxury model of its Silverado. The automaker will launch the new vehicles next year. The work truck will sell at...
On Friday, the Department of Energy announced that it plans to sell 18 million barrels of oil from the strategic petroleum reserves. The crude oil will be sold on December 17 and the move is part of a plan to relieve pressure on high gasoline prices, thereby reducing them....
Oil mega-giant Chevron announced on Friday that it had its highest free cash flow ever during the third quarter. The San Ramon, California-based oil corporation, also beat expectations for the same period and earned an adjusted share price of $2.96 a share. Analysts had anticipated $2.21 a share. Moreover,...
Natural gas prices have risen more than 180 percent over the past year. By Tuesday mid-morning, the cost of natural gas in the U.S. stood at $6.18 per MMBtu (British thermal units).  Unfortunately, the higher prices couldn’t come at a worse time as the commodity is the most common way...
On Tuesday, SunPower announced that it would restructure its operations to concentrate its efforts on residential solar exclusively. Part of the plan includes acquiring Blue Raven, a residential solar provider. SunPower intends to sell off its industrial and commercial enterprises. Peter Faricy, SunPower’s Chief Executive Officer, said: “We’re happy to...
Royal Dutch Shell has announced a $9.5 billion cash deal to sell all of its assets that are located in the Permian Basin. The West Texas oil giant made the deal with ConocoPhillips and is expected to close during the last quarter of 2021. Around 225,000 net acres comprise the...