NRG
- ECONOMY
From Miners to Big Oil, the Great Commodity Cash Machine is Back
(Bloomberg) — Just over five years ago Anglo American Plc was in deep trouble. The natural resources giant, beset by…
Read More » - ECONOMY
Peru’s President Puts Himself On a Path To Nowhere
(Bloomberg Opinion) — Peru’s new president, the country’s fifth in five years, has had a rough start. Unfortunately for this Covid-battered economy,…
Read More » - ECONOMY
U.S. Can Build and Fight Climate Change at Same Time
(Bloomberg Opinion) — As part of efforts to pay for President Joe Biden’s proposed $3.5 trillion spending plan and ahead…
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Ford Chases Tesla in a Built-to-Order F-150
(Bloomberg Opinion) — Elon Musk likes to boast that Tesla Inc. is one of only two U.S. carmakers never to…
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Chevron Taps Permian Chief to Run New Low-Carbon Division
(Bloomberg) — Chevron Corp. is creating a new business division focused on scaling up new technologies such as carbon capture…
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More Money Than Ever Is Flowing Into Climate Tech
On Tuesday, two alternative asset managers—TPG and Brookfield—closed a combined $12.4 billion in climate investment funds. That’s more committed in…
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Energy Guru Is ‘Beyond’ Disappointed With Dwindling U.S. Infrastructure Plan
(Bloomberg) — For almost two decades the U.S. author and climate activist Jeremy Rifkin has advised governments in Europe and China…
Read More » - ECONOMY
Total and Equinor Are Said to Exit Venezuela Oil Joint Venture
(Bloomberg) — French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to…
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Republicans Threaten to Oppose Treasury Picks Over Nord Stream 2
(Bloomberg) — Senator Pat Toomey and 11 other Republicans on the Senate Banking Committee are threatening to block two Treasury…
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BlackRock Support Sought in Bid to End 5-Month Coal-Mine Strike
(Bloomberg) — Coal miners from states including Alabama and West Virginia picketed outside BlackRock Inc.’s New York headquarters Wednesday in…
Read More » - ECONOMY
How Germany’s Greens Moved From Fringe to Contenders
(Bloomberg) — Germany’s Green party has come a long way from the radical fringe group of the 1980s, moving into…
Read More » - ECONOMY
Inflation Is Getting Worse for Manufacturers
(Bloomberg Opinion) — Supply-chain pressures and rising costs are threatening to take a real bite out of the industrial recovery. …
Read More » - ECONOMY
TPG Raises $5.4 Billion for Climate Fund Chaired by Hank Paulson
(Bloomberg) — TPG has brought in $5.4 billion for its climate investing strategy, making it one of the biggest sustainability-focused…
Read More » - ECONOMY
Artificial Intelligence Could Dramatically Speed Up Climate Action
Technological solutions to climate change can be put into two categories. Vertical solutions that tackle pollution in one sector, say low-carbon…
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Nickel Nears Seven-Year High With Metals Rising on Demand Bets
(Bloomberg) — Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used…
Read More » - ECONOMY
Oil Giants Hunt for That One Last Big Hit Along Coast of Brazil
(Bloomberg) — If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao,…
Read More » - ECONOMY
Early Crypto Mogul Says China Crackdown May Lead to Outright Ban
(Bloomberg) — China’s crackdown on cryptocurrencies will probably intensify and may even lead to an outright ban on holding the…
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Tesla Finally Bows to Charging Competition
Mr. Musk will juice you up — yes, even you Nissan and Porsche people who have steered well clear of…
Read More » - ECONOMY
‘Climate Chancellor’ Merkel Leaves Germans Flooded and Frustrated
(Bloomberg Markets) — Angela Merkel’s slow-motion departure from the German political stage took an ironic turn in April as the…
Read More » - ECONOMY
A Startup Plans to Mine the Ocean Floor. It Could Be a Disaster.
(Bloomberg Opinion) — The sea floor between Hawaii and Mexico is covered in potato-sized rocks that contain many of the…
Read More » - ECONOMY
Ex-Barclays Tax Trader Mannan Emerges at Hedge Fund Autonomy
(Bloomberg) — Sadat Mannan, who led a desk at Barclays Plc that made hundreds of millions of dollars from tax-avoiding…
Read More » - ECONOMY
PG&E’s Wildfire Plan: 10,000-Mile Trench Warfare
(Bloomberg Opinion) — When you’ve been stuck in the bunker as long as PG&E has, going underground is second nature.…
Read More » - ECONOMY
The Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’
(Bloomberg Markets) — The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of…
Read More » - ECONOMY
Greening Energy to Fight Climate Threat May Cost $92 Trillion
(Bloomberg) — Governments and companies will need to invest at least $92 trillion by 2050 in order to cut emissions…
Read More » - ECONOMY
More Companies Pull Out of Tokyo Olympics Opening Ceremony
(Bloomberg) — More Japanese companies have decided against sending executives to Friday’s opening ceremony for the Tokyo Olympics as concerns…
Read More » - ECONOMY
Trucks Stuck as Saudi-UAE Competition Spreads to Trade
Trucks are lined up for hours at the border between Saudi Arabia and the United Arab Emirates as some international…
Read More » - ECONOMY
Biden Nominates Ex-Obama Official Judith Pryor as Export-Import Bank VP
(Bloomberg) — President Joe Biden nominated Judith D. Pryor as first vice president of the Export-Import Bank of the U.S.,…
Read More » - ECONOMY
Trial Arrives for a Mastermind of Honduran Activist’s Murder
Last August, a Honduran court ruled David Castillo would finally face trial on charges he planned the 2016 murder of…
Read More » - ECONOMY
The Big Question: Can U.S. Workers Close the Skills Gap?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve the…
Read More » - ECONOMY
Bezos, Child Space Nerd, Gets His Chance to Join the Astronaut Club
(Bloomberg) — Jeff Bezos’s trip past the edge of space will look very different than that of his putative rival,…
Read More » - ECONOMY
California Faces Fire Threat This Weekend From ‘Dry Lightning’
(Bloomberg) — California will be on edge through the weekend as gusty, erratic winds and the threat of “dry lightning”…
Read More » - ECONOMY
Historic Drought in U.S. West Will Persist Through October
(Bloomberg) — The historic drought stretching across California and the U.S. West will likely last through October, with only minor…
Read More » - ECONOMY
Welcome to Europe in 2035: Electric Taxis and Hydrogen Boilers
(Bloomberg) — It’s just after 5 p.m. on Friday in late July 2035. You’re driving home from work in your electric car.…
Read More » - ECONOMY
Asia’s Air Travel May Take Three Years to Recover From Pandemic
(Bloomberg) — Asian air travel may take another three years to recover fully from the devastation wrought by the pandemic,…
Read More » - ECONOMY
‘Sunny Day’ Floods Hit Record Along U.S. Coasts as Seas Rise
(Bloomberg) — Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to…
Read More » - ECONOMY
Musk’s Brother Said He Wasn’t Aware Elon Pushed SolarCity Deal
(Bloomberg) — Kimbal Musk, a Tesla Inc. board member, told a Delaware judge he didn’t know his billionaire brother Elon…
Read More » - ECONOMY
The Winklevoss’s Crypto Carbon Capture Conundrum
(Bloomberg Opinion) — Picture a metric ton of carbon dioxide. That’s tricky to do, what with it being a gas and an…
Read More » - Health
EU carbon border levy limbers up for a soft launch
European Commission Executive Vice-President for the European Green Deal, Frans Timmermans speaks during a news conference on pollution in Brussels,…
Read More » - ECONOMY
U.S. Oil Consumption Surging With Industry Firing at Full Blast
(Bloomberg) — America’s oil demand has soared to new heights in a remarkable turnaround from just a year ago when…
Read More » - ECONOMY
Corporate Climate Efforts Lack Impact, Say Former Sustainability Executives
(Bloomberg) — Tariq Fancy’s growing sense of unease and frustration with sustainable investing culminated on a private jet. The irony…
Read More » - ECONOMY
Adani Says ‘Twisted Narrative’ on His Firms Hurt Small Investors
(Bloomberg) — Indian billionaire Gautam Adani said that while “reckless” media reports on his group’s companies triggered a stock rout…
Read More » - ECONOMY
GE Sets 2050 Goal of Zero Emissions From Jet Engines, Gas Power
(Bloomberg) — General Electric Co. vowed to curb the greenhouse gases produced by the use of its products—including thousands of…
Read More » - ECONOMY
EU to Press Ahead on Carbon Tax That IMF Criticizes: G-20 Update
(Bloomberg) — Finance ministers from the Group of 20 nations aimed to deliver momentum to the global effort on climate…
Read More » - ECONOMY
Golf Carts Now Run on the Same Batteries as Your EV
Golf carts are no exception. “The pandemic exploded our business,” said John Evans, who has been running Mission Golf Cars…
Read More » - ECONOMY
Lebanese Power Stations Shut Down as Crisis Deepens
(Bloomberg) — Lebanon is struggling with severe electricity and water shortages after two of the country’s main power plants ran…
Read More » - ECONOMY
California Faces Extreme Heat, Fresh Power Conservation Pleas
(Bloomberg) — California and neighboring states are facing another historic heat wave that may push power supplies to the brink…
Read More » - ECONOMY
Storm Elsa Brings Flooding Rain to New York, Snarls Traffic
(Bloomberg) — Tropical Storm Elsa is dumping heavy rain as it moves swiftly across New York and the Northeast, grounding…
Read More » - ECONOMY
Wind Project Splinters a Mexico Region Prized for Powerful Gusts
(Bloomberg) — Two years ago, an SUV carrying four men screeched to a halt in front of the house of German…
Read More » - ECONOMY
Seoul Social Distances, Australia Gets More Shots: Virus Update
(Bloomberg) — South Korea is tightening curbs on social distancing rules in the greater Seoul area for two weeks starting…
Read More » - ECONOMY
Malaysia Is Staggering Down the Road to Failed Statehood
Malaysians in distress have taken to waving the white flag from windows and driveways. At the most basic level, it’s…
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