Environment

An artist rendering of the future South Brooklyn Marine Terminal, transformed into a major hub for wind turbine construction. Artist rendering courtesy Equinor New York City is moving to become one of the largest port facilities for offshore wind farm parts in the United States. Mayor Eric Adams announced on Thursday that the South Brooklyn

Oil prices are spiraling higher on supply concerns as the Russia-Ukraine crisis develops, and this could lead to demand destruction and an economic recession, according to an oil analyst. “I’m concerned that we don’t have enough oil at all here, and we need to go to $120 to $150 [per barrel], and then we get

Pro-Russian separatists are seen next to an abandoned tank on a road between the separatist-controlled settlements of Mykolaivka (Nikolaevka) and Buhas (Bugas), as Russia’s invasion of Ukraine continues, in the Donetsk region, Ukraine March 1, 2022. Alexander Ermochenko | Reuters As Moscow’s war on Ukraine rages on and the Russian economy — and currency —

In this article TSLA Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images The feud between President Joe Biden and Tesla CEO Elon Musk doesn’t seem to be cooling anytime soon. Musk said no one was watching Biden after the president did not mention Tesla during his

The U.S. and its allies need to prevent Russia from exporting oil and natural gas as an economic deterrent for its unprovoked invasion of Ukraine, Sen. Marco Rubio told CNBC on Tuesday. On “Squawk Box,” the Florida Republican, a member on the Senate Foreign Relations Committee, cited two reasons why Russian President Vladimir Putin thinks he

FluxFactory | E+ | Getty Images The Russian invasion of Ukraine has rattled global stock markets. It’s also sparked anxiety around personal finances, which have, for many around the world, already been strained by rising costs in the wake of the coronavirus pandemic. Globally, young people were among the groups that have felt the economic

In this article @CL.1 @LCO.1 Traders on the floor of the NYSE, Jan. 26, 2022. Source: NYSE The heavy new round of sanctions on Russia by the U.S. and its allies are likely to push oil prices — and inflation — even higher. That could create a bigger challenge for the Federal Reserve as it

In this article @CL.1 @LCO.1 An oil pumping jack, also known as a “nodding donkey”, in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices jumped Sunday evening after the U.S. and Western allies imposed sanctions on specific Russian banks,

In this article BP.-GB The Kremlin is reflected in the polished company plate of the state-controlled Russian oil giant Rosneft at the entrance of the headquarters in Moscow, Dmitry Kostyukov | AFP | Getty Images British energy giant BP announced Sunday it was offloading its 19.75% stake in Rosneft, a Russian-controlled oil company. BP CEO

An oil pumpjack (L) operates as another (R) stands idle in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Biden administration is delaying decisions on new oil and gas leases and permits after a Louisiana federal judge blocked officials from using higher cost estimates of

Russian army military vehicles are seen in Armyansk, Crimea, on February 25, 2022. Stringer | AFP | Getty Images Donations being funneled to the Ukrainian army in cryptocurrencies like bitcoin are in the millions of dollars, according to new data from blockchain analytics firm Elliptic. Research shows that $4.1 million in crypto has been raised

Offshore wind farm. davee hughes uk | Moment | Getty Images The federal government on Friday announced a record $4.37 billion sale of six offshore wind leases off the coasts of New York and New Jersey, moving forward the Biden administration’s goal to transition from fossil fuels to renewable energy sources. The auction by the

Daniel Acker | Bloomberg | Getty Images Drivers may need to prepare for more potential pain at the pump. The national average price of a gallon of regular unleaded gas has reached $3.59, up 33 cents so far this year, according to GasBuddy data. With ongoing uncertainty over how oil supplies could be affected by

Ukrainian servicemen sit atop armored personnel carriers driving on a road in the Donetsk region, eastern Ukraine, Thursday, Feb. 24, 2022. Vadim Ghirda | AP Bitcoin donations to the Ukrainian army are soaring after Moscow launched a large-scale offensive against Ukraine early Thursday. New data from blockchain analytics firm Elliptic shows that over a 12-hour

A map shows the course of the Nord Stream 2 gas pipeline from Russia to Germany on the exterior of an informational booth close to the receiving station for Nord Stream 2 on February 02, 2022 near Lubmin, Germany. Sean Gallup | Getty Images Europeans have been suffering under painfully high energy prices in the

Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices leaped by 3% on Thursday after Russia announced it would launch a military action in Ukraine and reports surfaced of explosions in Kyiv. International benchmark Brent crude futures jumped

In this article GS The pump of a hydrogen refueling point at a gas station in Berlin, Germany, on Wednesday, Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a

A summer wheat harvest in Chernihiv, Ukraine, on Thursday, Aug. 10, 2017. Vincent Mundy | Bloomberg | Getty Images Oil and gas prices are set to spike further as the Russia-Ukraine crisis escalates, but the impact on energy won’t be the only ramification. From wheat to barley, and copper to nickel, analysts tell CNBC that

Airbus hydrogen A380 demonstrator Airbus hydrogen A380 demonstrator Airbus said it plans to test a hydrogen-powered engine on a modified A380 by the middle of the decade, in hopes of bringing lower-emissions fuels to commercial air travel. The European aircraft giant said Tuesday that it’s working with engine-maker CFM International — a joint venture of

In this article @CL.1 @LCO.1 The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022. Christopher Occhicone | Bloomberg | Getty Images Oil prices jumped as the crisis between Russia and Ukraine escalated. On Monday evening, Russian President Vladimir Putin ordered forces into two breakaway regions of