Investors may want to keep the antacid nearby. Long-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist making any big moves right now. “We’ve had one heck of a run. It’s been an excessive run in the indices,” the Canaccord Genuity chief
Environment
In this article VOW3-DE Technicians work in the final inspection line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Half of Volkswagen’s sales are expected to be battery-electric vehicles by 2030, the German carmaker said Tuesday. By 2040, the company said almost 100% of its
Patrick Pleul | picture alliance | Getty Images The planet’s demand for electricity is set for a strong rebound this year and next after dropping by approximately 1% in 2020, according to a new publication from the International Energy Agency. Released Thursday, the IEA’s Electricity Market Report forecasts that global electricity demand will jump by
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters DUBAI, United Arab Emirates — The Organization of Petroleum Exporting Countries on Wednesday arrived at a deal after a nearly two-week standoff over its future oil production levels,
An electric vehicle charging point in Stoke-on-Trent, England. Nathan Stirk | Getty Images News | Getty Images The U.K. government said Wednesday it wanted to create a net zero transport sector by the year 2050, as it looked set to publish details of a long-awaited decarbonization plan later today. According to a news release from
Originally published on NRDC Expert Blog.By Miles Muller, Attorney, Climate & Clean Energy Program State legislators and Governor Newsom just signed a historic California budget that includes unprecedented levels of investment in clean transportation. The new funding will provide significant support for critical zero-emission vehicle and infrastructure programs, unlocking billions in public health, climate, and jobs
Recently, Republicans received some favorable climate-related coverage. Utah’s 3rd District Congressman John Curtis announced the formation of a Conservative Climate Caucus. It came with a roster of roughly 60 Congresspeople, none of them particularly well known names. While they are light on content, they have sufficient info on their site to make a few early
Tesla has announced the date for its Q2 2021 earnings call. In a press release, Tesla stated that it will post its financial results for Q2 after the market closes on Monday, July 26, 2021. Tesla will also issue a brief advisory which will include a link to the Q2 2021 update that will be
San Diego International Airport may be the home base for an enormous amount of emissions from all the airplanes flying in and out of there, but the airport itself is becoming one of the greenest when it comes to its electricity supply. San Diego International Airport is working with San Diego Community Power (SDCP), a
Sometimes good things come in small packages. Today that is especially true, as the package isn’t square, its “Squad, World’s First Solar City Car.” Wordplay aside, Squad Mobility is a startup in the Netherlands whose product might actually be the ultimate solution to the first/last-mile transportation issue. In our opinion, if successful, it could change
Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia arrives for the 178th meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, Austria, on March 6, 2020. Alex Halad | AFP | Getty Images Disagreement within OPEC could trigger a more a volatile period for oil, with prices jumping on lack
In this article XLE .DXY @CL.1 The next few months could be tough for energy stocks. With OPEC+ postponing negotiations indefinitely on Monday after failing to strike a deal on oil production, oil prices are already under pressure, falling more than 2% on Tuesday after grazing six-year highs. Another macroeconomic force could “suggest there’s some
OPEC Secretary General Mohammed Sanusi Barkindo (L), Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman (C) and Russian Energy Minister Alexander Novak (R) attend an Opec-JMMC meeting in the UAE capital Abu Dhabi on September 12, 2019. KARIM SAHIB | AFP via Getty Images LONDON — Oil producer group OPEC has been plunged into crisis,
Flames burn off at an oil processing facility in Saudi Aramco’s oilfield in the Rub’ Al-Khali desert in Shaybah, Saudi Arabia, in October 2018. Simon Dawson | Bloomberg | Getty Images Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former U.S. Energy Secretary Dan Brouillette told
Sina Schuldt | picture alliance | Getty Images Three major transportation firms are set to work with one another on the development of a European charging network for “battery electric heavy-duty long-haul trucks and coaches.” In a joint announcement earlier this week, Volvo, Daimler Truck and the Traton Group said they had signed a non-binding agreement related to
LONDON — Oil and gas giant BP on Thursday published its benchmark Statistical Review of World Energy, describing 2020 “as a year like no other” due to the impact of the coronavirus pandemic on global energy. Over the past seven decades, BP said it had borne witness to some of the most dramatic episodes in
OPEC and its allies left the oil market hanging on Monday when they indefinitely postponed talks to resolve a disagreement over production curbs. Crude prices first surged to six-year highs, then retreated, and uncertainty continues to hang over future OPEC+ policy. But at least one energy analyst expects a breakthrough to come soon. “I think
Scott Heaney | iStock | Getty Images The U.S. Department of Energy has announced that as much as $27 million in federal funding will be provided for research and development projects focused on wave energy. In the latest attempt to encourage innovation within a sector that has a very small footprint compared to other types
Utilities could be the underrated beneficiaries of a U.S. infrastructure overhaul, one CEO says. With Washington lawmakers working to make the Biden administration’s $579 billion infrastructure spending framework a reality, the year’s worst-performing sector could be in for a rebound, Reaves Asset Management CEO Jay Rhame told CNBC’s “ETF Edge” this week. Two major tailwinds
The container ship Maersk Murcia sits moored to a terminal in the port of Gothenburg, a busy shipping centre on the west coast of Sweden, as cargo is loaded onto it by crane before it sets sail on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images LONDON — The European Union is due