Environment

The Group of Seven’s oil price cap scheme intended to limit Russian oil export revenues is working “so far so good,” according to Amos Hochstein, special presidential coordinator to President Joe Biden. “As oil prices have come down, there’s no doubt that the price cap has, so far, and there’s a long way to go,

A customer hands over an Egyptian pound banknote for a purchase at Al-Monira food market in the Imbaba district of Giza, Egypt, in January 2023. Egypt is one of many countries where consumers are struggling with sharply higher prices, highlighted by the World Economic Forum as the greatest global risk in 2023. Bloomberg | Bloomberg

An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images An oil company with a drilling operation in the Wilmington neighborhood of Los Angeles has filed a lawsuit against the city over its law to ban new wells and phase out all drilling within city

A bagpipe player and a belly dancer on stilts, participants in the “Burning Man” festival, cross a section of the Black Rock Desert in Nevada. Mike Nelson | AFP | Getty Images Organizers of the art and cultural festival Burning Man and several environmental groups have filed a lawsuit against the U.S. Bureau of Land Management (BLM)

We’re buying 25 shares of Pioneer Natural Resources (PXD) at roughly $223 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 175 shares of PXD, increasing its weighting in the portfolio to 1.39% from 1.2%. The price of a barrel of West Texas Intermediate crude was moving sharply lower Wednesday, down more than 4%

Russia’s announcement of an oil export ban on countries that abide by a G-7 price cap is the latest sign that we’ve entered a new era for global energy markets, according to analysts. But they also note it’s unlikely to have a short-term impact on oil prices, with markets taking their cues from data and

In this article CORZ Follow your favorite stocksCREATE FREE ACCOUNT Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar

Emissions-producing diesel trucks and cars pass non-polluting windmills along the 10 freeway on December 8, 2009 near Banning, California. Getty Images The Biden administration on Tuesday announced stricter standards on smog-forming emissions from trucks, vans and buses starting in the 2027 model year, the first of several federal actions aimed at limiting vehicle pollution. Medium-

Wind turbines and power transmission lines at a wind farm near Highway 12 in Rio Vista, California, on Tuesday, March 30, 2021. David Paul Morris | Bloomberg | Getty Images America’s electrical grid is being pushed to the breaking point, and California, parts of the Midwest and parts of the South Central United States are

FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022.  Mario Duncanson | AFP | Getty Images Days before FTX’s bankruptcy filing last month, co-CEO Ryan Salame told Bahamian authorities that founder Sam Bankman-Fried may have committed fraud by sending

In this article MC-FR TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the

Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. Anadolu Agency | Anadolu Agency | Getty Images China and Saudi Arabia stressed the importance of global oil market stability and Riyadh’s role

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition and Forestry Committee hearing in Washington, D.C., on Wednesday, Feb. 9, 2022. Sarah Silbiger | Bloomberg | Getty Images FTX founder Sam Bankman-Fried has agreed to testify before the House Financial Services Committee at a hearing about the

Cargo ships and vessels transit the Bosphorus Strait, a body of water connecting the Black Sea to the Marmara and Mediterranean Seas through Istanbul, Turkey. Above, the Russia-flagged vessel Volga River Taganrog oil tanker passes south through the Bosphorus Straits in October 2022. Nurphoto | Nurphoto | Getty Images Tankers full of Kazakh oil are

A view of sunset in the evening hours in the United States Capitol, Washington D.C., on December 02, 2022. Celal Gunes | Anadolu Agency | Getty Images The Biden administration on Wednesday unveiled a new building performance standard that would require federal agencies to slash energy use and electrify equipment and appliances in 30% of

The Chinese government’s move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks ( SBUX), all of which have been weighed down by nearly three years of lockdowns. The news China’s National

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for financial markets, Standard Chartered outlined a number of potential surprises for 2023 that it says are being “underpriced” by the market. Eric Robertson, the bank’s head

BRUSSELS — Germany said Europe should refrain from borrowing more money to compete with U.S. green subsidies or its competitiveness will be threatened. The EU has been vocal about its concerns over the U.S. Inflation Reduction Act (IRA), saying its subsidies for North American car manufacturers breach international trade rules and threaten European businesses. European

A pump jack on an oil field owned by Bashneft company near the village of Nikolo-Berezovka, northwest from Ufa, Bashkortostan, Russia, in 2015. The Group of Seven’s price cap of $60 for Russian seaborne oil and a ban on Russian crude kicked in on Monday. Sergei Karpukhin | Reuters Oil prices climbed as much as

In this article 7203.T-JP Follow your favorite stocksCREATE FREE ACCOUNT A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A consortium led by automotive giant Toyota will receive millions in