Energy

The key to long-term success in the fashion industry is to start trends and continually push the envelope — a philosophy that also applies to its ESG priorities. The $2.5 trillion industry accounts for about 8 percent of the world’s carbon emissions when considering the entire value chain — higher than the entire iron and

A BP petrol and diesel filling station in Hildenborough, England, on June 15, 2020. BEN STANSALL | AFP | Getty Images The CEO of oil and gas giant BP told CNBC on Wednesday that its decision to “reset” its dividend to 5.25 cents a share was “deeply rooted in strategy.” The newly announced dividend represents

As more electric buses and trucks enter the market, future fleets will require a lot of electricity for charging. While some utilities in California and elsewhere are planning for an increase in power demand, many have yet to do so and need to get started. This issue is critical, because freight trucks emit more than

A BP company logo at a gas station in London, U.K. Chris Ratcliffe | Bloomberg | Getty Images Energy giant BP reported a significant loss for the second quarter on Tuesday, after downgrading the value of some of its assets on expectations of lower commodity prices. Second-quarter underlying replacement cost profit, used as a proxy for

An aerial view shows pumpjacks in the South Belridge Oil Field on April 24, 2020 near McKittrick, California. David McNew | Getty Images Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major

This story originally appeared in Grist and is republished here as part of Covering Climate Now, a global journalistic collaboration to strengthen coverage of the climate story. One of the starkest inequalities exposed by the coronavirus pandemic is the difference between the digital haves and have-nots. Those with a fast internet connection are more able

OPEC and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week as the oil-producing group starts to roll back supply cuts. The alliance’s historic production cuts of 9.7 million barrels per day expired on July 31 this year. From August,

Canceled orders, excess stock, disrupted supply chains: The pandemic has laid bare some fundamental challenges with the way our clothes are designed, ordered, manufactured and sold — or landfilled, incinerated or sold on secondary markets. These impacts have been compounded by COVID-19, but the inefficient and resource-intensive apparel industry needed a redesign well before the

Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images DUBAI, United Arab Emirates — The United Arab Emirates announced Saturday the successful start-up of its Barakah nuclear energy plant, the first in the Arab world and a significant step towards the country’s goal of emissions-free electricity. With the announcement, the UAE

An aerial view of oil tankers 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 on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Oil prices rose on Friday and finished the month higher, benefiting from news that U.S. oil output cuts in May were the largest on record. Brent crude

Plenty of prognostications, including this one from the World Economic Forum, tout the integral role artificial intelligence could play in “saving the planet.”  Indeed, AI is integral to all manner of technologies, ranging from autonomous vehicles to more informed disaster response systems to smart buildings and data collection networks monitoring everything from energy consumption to

Farming is a tough business where success depends on a range of factors, including the weather. Hard frosts and flooding can be particularly damaging to those who grow crops and rear livestock, while severe droughts also have the capacity to wreak havoc. One country that’s been hit hard by drought is Zimbabwe, in southern Africa.

Nearly a decade ago, as we took in the lush plant life, clean air and warm sunshine surrounding us during a vacation in Hawaii, my wife, Danielle, and I knew a life shift was happening. A connection to the land — this island — was built on that trip, leading us to relocate permanently to

Wind turbine from different perspective. fernando arias | Moment | Getty Images A consortium made up of Shell and Eneco is to develop an offshore wind farm that will incorporate a range of “technology demonstrations” including floating solar and hydrogen produced by electrolysis. The 759 megawatt (MW) Hollandse Kust (noord) facility will be subsidy free

Even whiskey is going electric. Distilleries have long been difficult operations to electrify due to the large heat loads it requires to turn grain into one of humanity’s oldest vices, alcohol. But Diageo’s new 72,000-square-foot distillery is designed to be completely carbon-neutral. According to Diageo, it should avoid more than 117,000 metric tons of annual carbon

Carl Court | AFP | Getty Images Oil giant Royal Dutch Shell on Thursday reported a sharp drop in net profit for the three months through to the end of June, following an unprecedented period of energy market turmoil and significantly weaker oil and gas prices. The Anglo-Dutch company reported adjusted earnings of $638 million

The world’s biggest automakers are ramping up their carbon commitments even as they struggle to build back in the wake of the pandemic.  This week, Germany’s BMW took the plunge and set a goal to reduce its carbon emissions per car by at least one-third by 2030. Like its peers, BMW plans to reach those targets through a combination of

Morgan Stanley has become the first major U.S. bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. The U.S. bank has become the latest financial firm to

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 Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus