Major oil companies have been making investments in renewable energy and battery technology. While a significant step, recent events suggest it doesn't mean the end of "big oil."
Chancellor Olaf Scholz unveiled the investment plan to give Germany access to new energy providers and combat China's regional soft power.
Member countries of OPEC+ have collectively reduced their operational oil capacity by 5.2 million barrels per day in 2023, constituting approximately 5% of global oil production.
A newly-developed lithium extraction technology promises to fix lithium mining, but analysts are cautiously optimistic.
The world's largest lithium producing company missed earnings expectations by a wide margin, with YOY revenue dropping more than 50%.
The funding aligns with the Biden Administration's goal to boost USMCA electric vehicle battery production. It marks the second phase of the DOE's $6 billion allocation under the Bipartisan Infrastructure Law.
The U.S. will join five other western nations in a pledge to be signed at COP 28, adding momentum to the controversial energy source's ongoing revival.
Germany's leading renewable energy technology corporation is reorganizing its business operations in response to a crisis in its wind energy unit.
Oil production and demand are both on the rise, according to the IEA, marking a contrast from the organization's "peak oil" proclamation in October.
Following a series of setbacks, Canada's renewable energy transition got a push from the private sector last week.
Exxon is poised to become the United States' first domestic lithium producer. Is this greenwashing or a sign of things to come?
A recent report found that China may have already reached a tipping point in its journey towards net-zero emissions.
War in the Middle East has shaken up regional energy markets, as Israel's natural gas facilities hang in limbo and Egypt's energy grid struggles to stay online.
The ISA ultimately decided not to decide the fate of deep sea mining Wednesday, setting up a final decision next year.
Brazil has quickly emerged as Latin America's leading source of renewable energy—as well as its largest fossil fuel producer.
Texas voters approved a measure on Tuesday to allocate one-third of its $30 billion budget surplus towards natural gas power plants.
Hurricane Otis' devastation in Mexico energy system vulnerabilities during natural disasters; solar microgrids could be the key to a stormier future.
A viral video of a JetBlue passenger's mobile device spontaneously combusting made headlines last week. This may still be just the beginning of lithium-related explosions.
The International Seabed Authority meets this week in Jamaica to discuss allowing the beginning of large-scale deep sea mining.
French President Emmanuel Macron toured Central Asia this week, as his country seeks to secure future sources of fueling France's massive nuclear program.
Newly elected president Daniel Noboa will manage the end of oil extraction amidst dueling political and security crises. Will Ecuador be able to build a post-oil economy?
Danish renewable energy company Ørsted posted substantial losses in their financial statement for the first nine months of 2023.