Energy

Oil posts second straight week of declines as global demand concerns weigh

An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019. Johnny Bugeja | AFP | Getty Images Oil prices steadied on Friday as sluggish economic...

Work starts on world’s ‘largest offshore wind farm’ that could power 4.5 million homes

GE's Haliade-X wind turbine has a 12 megawatt generator and stands 260 meters tall. GE Renewable Energy Construction work for a huge offshore wind farm in the North Sea is underway. In an announcement Friday, energy firm SSE said that onshore...

JP Morgan values UK electric car start-up at $3.3 billion after Hyundai and Kia...

The Hyundai Motor Company and Kia Motors Corporation have made a 100 million euro ($111.65 million) investment in Arrival, a little-known U.K. based start-up specializing in electric vehicles. According to Arrival, the investment values the company, which was established in...

German government sets aside $50 billion for phase out of coal-fired power stations

INA FASSBENDER | AFP | Getty Images Germany's federal government and the four German states where lignite – or brown coal – is mined have agreed to "a way forward" for the phase out of coal-fired power stations...

Oil ends week steady as China growth offsets trade deal optimism

An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019. Johnny Bugeja | AFP | Getty Images Oil prices edged higher on Friday but were...

Bank of England’s Carney named as Boris Johnson advisor for climate change summit

Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images Mark Carney, the outgoing governor of the Bank of England, has been named as the U.K. Prime Minister Boris Johnson's finance advisor...

New Tesla registrations in California nearly halved in the fourth quarter

A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels . (Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) KENZO TRIBOUILLARD | Getty Images Tesla's overall vehicle registrations nearly...

Citi explains why there’s an ‘ultimate cap’ on oil prices

Solar photovoltaic (PV) panels on the roof of Hackney council estate Bannister House in London, United Kingdom. Andrew Aitchison | In Pictures | Getty Images The cost of producing electricity from solar energy has in the last two years been lower...

JP Morgan values UK electric car start-up at $3.3 billion after Hyundai & Kia...

The Hyundai Motor Company and Kia Motors Corporation have made a 100 million euro ($111.65 million) investment in Arrival, a little-known U.K. based start-up specializing in electric vehicles. According to Arrival, the investment values the company, which was established in...

An offshore wind farm using huge turbines has started to send electricity to the...

This image shows the V164-9.5 MW turbine, which is being used at the Northwester 2 offshore wind farm in waters off the coast of Belgium. MHI Vestas Offshore Wind A/S The first turbine at the Northwester 2 offshore wind farm...

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