Energy

A customer gets ready to fill his car with gasoline at a Shell gas station in San Francisco, California. Getty Images The upcoming Memorial Day weekend could be a test for the gasoline market, depending on whether drivers in reopening states hit the road and then keep on driving. Gasoline demand is about 30% below

Amazon CEO Jeff Bezos announces the co-founding of The Climate Pledge at the National Press Club on September 19, 2019, in Washington. Paul Morigi | Getty Images | Amazon As Google’s cloud unit steps back from the oil and gas industry, a sales rep at Amazon Web Services is courting customers by pointing out how

Like most big companies with a complex multinational footprint, Anheuser-Busch InBev’s sales slipped in the first quarter and the beer maker is embracing new financial discipline amid the coronavirus pandemic. But the company also has acted quickly to prop up key members of its value chain — from small liquor stores to farmers to restaurants — and the situation has galvanized its

An offshore oil platform is seen with a tanker in the distance on April 20, 2020 in Huntington Beach, California. Michael Heiman | Getty Images Oil prices dipped on Wednesday as concerns over the lasting economic fallout from the coronavirus pandemic outweighed signs of improving demand and production cuts by major oil producers. Brent crude

A kayaker passes in front of an offshore oil platform in the Guanabara Bay in Niteroi, Brazil, Saturday, Feb. 1, 2020. Dado Galdieri | Bloomberg | Getty Images Oil prices rose on Tuesday, extending gains for a fourth straight session, amid signs that producers are cutting output as promised just as demand picks up, stoked

Here is what we know, or think we know, about COVID-19: it can spread through the air. According to the Centers for Disease Control and Prevention (CDC), it is thought that the COVID-19 virus can spread “through respiratory droplets produced when an infected person coughs, sneezes or talks.” According to a news release from the National

The fortunes of the oil market have turned around dramatically in the past month. This time last month, investors were watching the futures market in disbelief. The May contract for West Texas Intermediate oil was set to expire, and prices did the unthinkable —  they plunged 300% in one day, deep into negative territory. In the spot market

The novel coronavirus had cases on every continent except Antarctica when it was declared a global pandemic March 11. The crisis was brewing long before, and the United States federal emergency and stay-at-home orders would come after, but it was in that official moment of alarm that consumer behavior, and business’s response to it, changed

Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg via Getty Images Oil prices jumped by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of

An aerial drone view of a crude oil storage facility on April 23, 2020 in Cushing, Oklahoma. Tom Pennington | Getty Images Oil markets are re-balancing after a collapse in demand following the coronavirus outbreak but the pathway to “the next normal” is still very uncertain, the CEO of Abu Dhabi’s National Oil Company (ADNOC) said Thursday.

This article is part of our Paradigm Shift series, produced by nonprofit PYXERA Global, on the diverse solutions driving the transition to a circular economy. See the full collection of stories and upcoming webinars with the authors here. Commerce as we know it is going through a rapid evolution. The convergence of new technology, emerging social

A pop-up cycle lane in Park Lane, London, where bollards have been installed to create segregation between cyclists and other road users. Stefan Rousseau | PA Images | Getty Images The mayor of London and the local transport authority announced sweeping new measures Friday that could radically alter the way people move around the U.K.

Today I bring you exclusive data from the cutting edge of food science. Let me begin by managing expectations. This experiment is so grievously flawed that, to paraphrase Groucho Marx, I would not submit it to any journal likely to accept it. The experiment in question is a taste test of a new product from

A man walks past a store going out of business on May 5, 2020 in the Brooklyn borough in New York City. Angela Weiss | AFP | Getty Images The coronavirus pandemic has pushed many struggling companies over the edge and into bankruptcy. Stay-at-home orders forced many nonessential businesses to close and weakened demand for

Proponents of 3D printing technology and digital manufacturing solutions have been seeking their breakthrough moment for years. It took mere weeks to showcase their potential as enablers of flexible supply chains — capable of decentralizing worldwide production and responding to violent, unforeseen disruption. Every day, there is news of some inspirational pivot that points toward

Germany’s RWE said Thursday it had got off to a “good start” in 2020 despite the coronavirus pandemic. Adjusted earnings before interest, taxes, depreciation and amortization came in at 1.3 billion euros ($1.41 billion) in the first quarter, a 19% increase from the same period last year, with the firm also confirming its earnings forecast

Although decarbonization of industrial processes remains a big technical challenge, food processing and commodities giant Archer Daniels Midland recently adopted new commitments to cut its absolute greenhouse gas emissions by 25 percent by 2035 — with additional carbon sequestration projects and changes to its transportation fleet figuring largely in that strategy. ADM also has pledged

South Belridge Oil Field is the fourth-largest oil field in California and one of the most productive in the U.S. David McNew | Getty Images The International Energy Agency (IEA) said on Thursday that market forces had “demonstrated their power” on the supply side of the oil market in recent weeks, but concerns remain over

Situated in the wilds of the northeast Atlantic between Iceland and Scotland, the Faroe Islands are peaceful, remote and beautiful. The archipelago is also the site of a trial that, using tidal “kite” technology, could radically alter its energy mix and, in the long run, make it greener. At the beginning of April, Swedish firm

An aerial view shows a cruise ship (L) and tanker vessel anchored near the ports of Long Beach and Los Angeles amid the coronavirus pandemic on April 28, 2020 off the coast of Long Beach, California. Mario Tama | Getty Images Oil prices fell in early Asian trading on Wednesday after industry data showed a

At first glance, the sprawling industrial site, covering roughly 900 acres in Kingsport, Tennessee, appears to be just another chemical manufacturing facility. There are hundreds of buildings and countless miles of pipes, conveyors, distillers, cooling towers, valves, pumps, compressors and controls. It doesn’t exactly look or feel particularly noteworthy. But something extraordinary is going on

Voluntary production cuts by OPEC members show that oil producing countries are doing what they can to stabilize the market during the ongoing coronavirus outbreak, one strategist told CNBC this week. Saudi Arabia on Monday said it will reduce output by an additional 1 million barrels per day from June 1, in a bid to support oil

Steam is vented through exhaust stacks at Great River Energy’s Coal Creek Station in North Dakota. Daniel Acker | Bloomberg | Getty Images A 1,151-megawatt (MW) coal power station in North Dakota is set to be retired after it was deemed to have “lost value compared to other alternatives in recent years.” Announcing the decision

Oil prices rallied for five consecutive days this week amid investor optimism over the relaxing of coronavirus lockdowns in the U.S. and around the world, but several energy analysts argue it’s too soon to get carried away. The commodity that saw one futures contract go negative for the first time ever last month, over the

Oil prices turned negative in afternoon trading on Thursday, as optimism that had previously supported prices began to fade. Earlier oil moved higher on several bullish factors, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and gasoline demand improving as economies around the world reopen. But oil couldn’t hold onto early

Steam billows out of a smokestack at the Poet Biorefining facility in Jewell, Iowa, Feb. 21, 2018. Sergio Flores | Bloomberg | Getty Images Where gasoline goes, ethanol follows, and both have been on a path to unprofitability. Ethanol prices have collapsed as gasoline demand dropped by half due to COVID-19 shutdowns. That because ethanol

Brian Hook (L), the US special representative on Iran, listens to a member of the Saudi military forces at an army base in al-Kharj, south of the Saudi capital Riyadh, on June 21, 2019. FAYEZ NURELDINE | AFP | Getty Images DUBAI, United Arab Emirates — Washington’s commitment to the security of its Gulf allies is

Oil-storage tanks are seen from above in Carson, California, April 25, 2020 after the price for crude plunged into negative territory for the first time in history on April 20. Robyn Beck | AFP | Getty Images Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus

Procter & Gamble’s Tide laundry detergent brand first introduced in January 2019 its “Eco-Box,” which has been compared to a wine box because of its design made from paperboard with a tap for dispensing, in an effort to reduce the plastic in its packaging. In mid-May, the Eco-Boxes are becoming available for other fabric care

An aerial drone view of a crude oil storage facility on April 23, 2020 in Cushing, Oklahoma. Tom Pennington | Getty Images Oil prices rose on Thursday after U.S. inventories swelled less than expected, but market watchers predicted further gains could be capped by the ongoing glut in crude supplies as the coronavirus pandemic crushes

Since mid-March, as the economic impact of the coronavirus pandemic infected certain sectors of the U.S. economy, more than 200 U.S. startups have cut thousands of jobs. While they’re not immune to the forthcoming fiscal challenges, entrepreneurs developing solutions for addressing climate change — from agtech to decarbonization to clean energy and more — are among

Camden High Street is one area of London where sidewalks have been widened to enable social distancing. Mayor of London Sadiq Khan and Transport for London announced measures designed to accommodate potential increases in both walking and cycling once lockdown measures are relaxed. Details of the London Streetspace program were released on Wednesday. Among other

Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images Oil prices surged on Tuesday as optimism around ongoing production cuts and a recovery in demand with the reopening of economies around the world pushed prices higher. West Texas Intermediate, the U.S.

If you squint just a little and tilt your head just so, you can begin to see the shimmer of silver linings coming out of this moment — a few reasons to be hopeful about our post-pandemic future. That may seem a bold and reckless statement at a time when so many things still seem

An employee of the ‘Total’ oil refinery stands in front of a large tank with the company’s logo in Leuna, Germany. Waltraud Grubitzsch | picture alliance via Getty Images Total on Tuesday posted a significant fall in first-quarter net profit, as oil prices tumbled to historic lows following a drop-off in demand due to the coronavirus

Editor’s note: In his April 7 column, “Can we flatten the curve on climate?” GreenBiz Group Executive Editor Joel Makower asked for readers’ comments on his suggestion to borrow the concept of “flattening the curve” from the COVID-19 pandemic and apply it to climate change. This was among the many reader responses. My first reaction

pedrosala | iStock | Getty Images A vast renewable energy scheme has been recommended for environmental approval by Western Australia’s Environmental Protection Authority (EPA). The Asian Renewable Energy Hub is a planned development in the East Pilbara area of Western Australia. Set to cover 6,500 square kilometers of land, it’s envisaged that the project will

Last week, Engie North America announced what it dubbed as the largest tax equity deal of its kind in the United States — 2 gigawatts of renewables, including 1.5 GW of wind and 500 megawatts of solar, financed with $1.6 billion in tax equity commitments from Bank of America and HSBC.  And that wasn’t the

The major financial center of Milan boasts a number of tall buildings, many of which function as office space for firms like UniCredit and Allianz.  While the city may be the corporate hub of Italy, it is also home to the Bosco Verticale, or Vertical Forest, a residential development of two visually striking towers that

In September, more than 72,000 people gathered at beaches, streets, offices and parks in 51 countries around the world. At nearly 500 sites, they picked up plastic litter. Volunteers tallied the type of product, the variety of plastic and any brand names they could identify. All together the participants, working with a coalition of groups

Two firms have trialed the use of hydrogen to heat steel at a facility in Sweden, a move that could eventually help to make the industry more sustainable. Earlier this week Ovako, which specializes in manufacturing a specific type of steel called engineering steel, said it had collaborated with Linde Gas on the project at the Hofors

This is an excerpt from “Reimagining Capitalism in a World on Fire” by Rebecca Henderson. Copyright 2020 by Rebecca Henderson. Reprinted by permission of Perseus Books, an imprint of Perseus Books, LLC, a subsidiary of Hachette Book Group Inc, New York, N.Y. All rights reserved. The above is an affiliate link and we may get

A Nabors Industries worker uses a power washer to clean the floor of a rig drilling for Chevron in the Permian Basin near Midland, Texas, March 1, 2018. Daniel Acker | Bloomberg | Getty Images Chevron warned Friday in its quarterly earnings report that results will remain depressed as long as oil prices remain low, and

If the fossil fuel-centered, “take, make, waste” economies of the last century are truly becoming passé, what shape should a circular workforce take? Natural capital has been front and center in much of the early evangelism around the circular economy, but a focus on human capital is beginning to emerge. One of the leaders in

A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows. The oil giant lost $610 million in the first quarter due to writedowns tied to

Week in Review Commentary on this week’s news highlights begins at 7:05. Downturn signals opportunity for climate-aligned investing Amazon’s commitment to working forests and how businesses can really protect trees  The state of the sustainability profession in uncertain times (commentary from John Davies, senior analyst at GreenBiz; Peggy Brannigan, senior program manager, global environmental sustainability

Oil-storage tanks are seen from above in Carson, California, April 25, 2020 after the price for crude plunged into negative territory for the first time in history on April 20. Robyn Beck | AFP | Getty Images Oil prices jumped on Friday, extending the previous session’s gains, buoyed by a lower-than-expected gain in U.S. crude

Even in the old normal, the healthy $100 million investment disclosed this morning by agtech startup Pivot Bio — which hopes to disrupt the $65 billion global market for synthetic nitrogen fertilizer — would be impressive. Given the current economic climate, it’s another sign that interest in climate tech is prevailing during the coronavirus crisis.