France To Build 14 New Nuclear Power Plants By 2050
Emmanuel Macron's government wants to expand the country's massive nuclear power fleet.
Second Record-Setting Lithium Deposit In Nevada Announced
The U.S. is now home to more identified lithium resources than any other country on the planet.
BP And Equinor Scrap Plans For Empire Wind II Project In New York
A 1.3 GW offshore wind project has been cancelled by its developers, dealing a blow to Biden's wind energy targets.
Global Oil Prices Trend Down In Early 2024 As US Production Booms, OPEC Flounders
US oil output continues to reach new heights; Houthi attacks in the Red Sea persist; OPEC's eighth-largest producer is leaving the cartel.
Evo Morales Disqualified From Running For A Fourth Term In Bolivia's 2025 Election
Bolivia's governing party is in a state of all-out civil war led by its two most prominent leaders, pointing towards further instability down the road.
Booming Renewables, Lingering Fossil Fuels: 2024 Outlook For Energy Markets And Politics
Renewable energy is poised for a rebound in 2024, but higher oil prices will continue to make it difficult to quit fossil fuels. A crucial year looms.
Spain Doubles Down On Plan To End Nuclear Power By 2035; PM Sánchez Bets On Renewables
As many Western countries re-embrace nuclear power as they look to transition to fossil fuels, Madrid takes a different tack.
2023 Set To Be Busiest Holiday Season For Air Travel On Record
More Americans than ever before will fly between Christmas and New Year's in 2023.
Boric Grapples With Lithium Strategy Amid Second Referendum Fallout: Analysis
After a second failed constitutional referendum, Chilean President Gabriel Boric's flagship lithium strategy—or lack thereof—is on the clock.
US Nuclear Fusion Laboratory Repeats Net-Energy Gain Experiments; Fusion Power Closer In Sight
The US's leading fusion laboratory is ahead of schedule. How soon until utility-scale nuclear fusion becomes a reality?
Oil Prices Rebound After Houthi Attacks In Red Sea; BP, Equinor Pause Shipping Through Suez
Attacks on Red Sea shipping are driving up oil prices, prompting the US to form a coalition of nation's the crack down on Iran-backed Houthi rebels. Geopolitical uncertainty looks to be a key concern for investors in 2024.
Equinor-BP's New York Offshore Wind Project Marks Turning Point For US Offshore Wind In 2024
With inflation cooling and the election approaching, the U.S. wind industry may face a limited window of opportunity in 2024.
Spain And Germany Top 50% Electricity Production From Renewable Energy In 2023
New solar installations have accelerated the transition away from natural gas and coal in two of Europe's leading economies.
Small Modular Nuclear Reactors' Viability In Future Green Energy Grids Questioned
A cutting-edge nuclear technology is still in its infancy and beset by financial and environmental concerns.
Berkshire Hathaway Adds Nearly $600M In Occidental Petroleum Stock After Permian Basin Acquisition
Warren Buffett's conglomerate increased its ownership of Occidental this week, signaling approval of the Houston-based oil company's purchase of CrownRock.
Gas Prices For US Consumers Reach Two-Year Low As Holiday Travel Season Approaches
Record domestic oil output is driving down gas prices.
Argentina Slashes Subsidies And Devalues Peso By 50% As Milei's Austerity Plan Takes Shape
The new president of Argentina has begun a process of "shock therapy" in a bid to save the country from economic collapse.
As Heat Pumps Gain Steam, Technological Hurdles Give Way To Regulatory Ones
Heat pump installations are rising rapidly across the globe. There's still work to be done, experts say.
COP28 Could End Up 'Toothless' As Key Commitments Pushed Down The Road In Draft Resolution
A draft of the UN climate conference's joint memorandum included non-compulsory methane emissions reductions and no mention of the oil industry.
Solar And Wind Power Are Finally Killing Coal In Top Emitting Countries
Thanks to boosted investment in renewables, coal has proven a far easier energy source to quit than oil and gas -- with a few exceptions -- in major economies.
Chevron, Exxon Responses Diverge Amid Venezuela-Guyana Border Buildup
ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.
COP28 Witnesses Shift To Greener Energy, Less Emphasis On Hydroelectric Power: Analysis
Hydroelectric power is the world's most significant source of renewable energy, but it's not exactly 'green'.
Fossil Fuels On The Table At COP28 As OPEC Slashes Production, US Crude Output Breaks Records
COP28 may become the first-ever international climate summit to commit to eventually phasing out oil and gas.
Argentina Will Not Join BRICS Under Milei, As Libertarian Prepares To Take Office
Argentina's President-elect is expected to withdraw Argentina from a planned expansion of the non-western economic alliance.
US Announces Nuclear Fusion Strategy At COP28, As Technological Developments Speed Timeline
US climate envoy John Kerry unveiled the world's first international strategy for commercializing nuclear fusion power, notably excluding China.
Venezuela's Guyana Annexation Referendum Leaves Region On Razor's Edge
The Maduro regime is threatening to destabilize the Caribbean in a bid for offshore oil reserves, in a move likely to invite back crippling US sanctions.
COP28 Makes Progress On Methane And Climate Finance; Talks Derailed By Fossil Fuel Phase-Out
Two steps forward and another one back: COP28 makes progress on major initiatives, but critics say the oil lobby mars an otherwise productive summit.
Brazil To Join OPEC+ In January: Report
An OPEC+ delegate told Reuters about Brazil's plans to join the international oil cartel. The government didn't confirm the report.
OPEC+ Agrees In Principle To 2 Million Barrel Production Cut For Early 2024
OPEC+ will reportedly expand existing production cuts; oil prices are up as a major climate summit gets underway.
COP28 Opens With Climate Disaster Fund Commitments From UAE, US, UK, Japan and Germany
The total commitments fall short of developing countries' prior requests, but experts view it as a positive sign.