Energy

President Xi tells UN that China will be ‘carbon neutral’ within four decades

Xi Jinping, China's president, speaks during the United Nations General Assembly on September 22, 2020. Tiffany Hagler-Geard | Bloomberg | Getty Images China is targeting peak carbon dioxide emissions by 2030 and carbon neutrality by the year 2060, according to President Xi...

Trump has ‘not been such an honest broker’ on Palestinian statehood, Saudi prince says

Former Saudi intelligence chief Prince Turki al-Faisal has questioned President Donald Trump's role in recent peace talks between the United Arab Emirates and Israel. Speaking to CNBC on Tuesday, Prince Turki said Trump had not been honest on the issue...

VW unveils new global ID.4 electric SUV; U.S. production starts in 2022

Volkswagen revealed the new ID.4 electric SUV on Sept. 23, 2020— the brand's first long-range EV to be sold in the U.S. Volkswagen Volkswagen AG will leverage its global footprint to profitably produce a new all-electric SUV called the ID.4. The...

Tesla shares fall as Musk dampens Battery Day expectations

Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters Tesla shares sank more than 5% Tuesday after CEO Elon Musk sought to manage expectations ahead...

Prince Charles calls for a ‘Marshall-like plan’ for the planet

Prince Charles at the National Memorial Arboretum in Alrewas, central England on August 15, 2020. OLI SCARFF | AFP | Getty Images Prince Charles has called for a "Marshall-like plan for nature, people and planet," adding his voice to the...

McLaren boss says electric vehicle tech doesn’t yet work for supercars

Mike Flewitt, chief executive officer of McLaren Automotive Ltd., gestures while speaking on the opening day of the 89th Geneva International Motor Show in Geneva, Switzerland, on Tuesday, March 5, 2019. The show near Lake Leman, which opens...

GE plans big shift away from coal-fired power sector

Jeff Kowalsky | Bloomberg | Getty Images GE said Monday that it intended to "exit the new build coal power market," in a move that will see the industrial powerhouse place a renewed emphasis on renewable energy. Over the...

Nikola shares open at lowest price since its public debut after company founder Trevor...

CEO and founder of U.S. Nikola Trevor Milton Massimo Pinca | Reuters Shares of Nikola opened Monday at their lowest price since the company went public June 4 after company founder and Executive Chairman Trevor Milton announced his resignation overnight. The stock was down as...

Airbus announces concept designs for zero-emission, hydrogen-powered airplanes

This image shows how the airplanes might look when in flight. Airbus European aerospace giant Airbus released details of three hydrogen-fueled concept planes on Monday, saying they could enter service by the year 2035. The designs, named ZEROe, differ in...

Oil reverses losses to gain 2% as OPEC urges compliance with production cuts

An aerial view shows pumpjacks in the South Belridge Oil Field on April 24, 2020 near McKittrick, California. David McNew | Getty Images Oil prices rose about 2% on Thursday, turning positive as OPEC and its allies said the producer...

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