A year on from Russia’s initial invasion of Ukraine, Russian fossil fuel exports are still flowing to various nations around the world. As Visual Capitalist’s Niccolo Conte details below, accord...
Tag: Fossil
Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels
(Bloomberg) — Worldwide oil demand is racing toward an all-time high and some of the smartest minds in the industry are forecasting $100-a-barrel crude in a matter of months, but US producers ar...
How Europe Ditched Russian Fossil Fuels With Spectacular Speed
(Bloomberg) — Europe’s most remarkable response to Russia’s war on Ukraine hasn’t been marshaling military equipment and billions of euros in aid. It’s been the unprecedented speed of an energy ...
100 Best Stocks: Fossil Fuel Ignites, Solar Shines, Meds Make Miracles
Energy and medical plays top the 100 best stocks of 2022 list. It isn’t a surprise, given the outbreak of war in eastern Europe and the huge pandemic hangover. X Both rerouted the market’s...
The war on fossil fuels is causing chaos
Climate change is a real and urgent problem. More than a century of carbon emissions is warming the planet and causing floods, droughts, fires and other cataclysmic events that are killing people, thr...
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels – Mining Bitcoin News
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or...
Orsted to use more fossil fuels as energy crisis continues
Jens Auer | Moment | Getty Images Energy firm Orsted is to continue or restart operations at three fossil fuel facilities after being ordered by Danish authorities to do so, as governments around Euro...
Alex Epstein’s Excellent and Essential ‘Fossil Future’
In his wonderful book American Happiness and Its Discontents, George Will wrote that Founding Father John Adams began each day with a tankard of beer. The anecdote read as incongruous. How could Adams...
Bitcoin Miners Still Use 62% Fossil Fuels: Research
A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels. Thi...
China doubling down on fossil fuel usage despite carbon neutrality pledge
China is the world’s biggest emitter of greenhouse gasses and a premier driver of global warming. This realization has had China’s president Xi pledge to be carbon neutral by 2060, yet, most affluent ...
Fossil Fuel Pollution Likely Accelerates Lung Cancer In Non-Smokers, Study Finds
Topline Air pollution from vehicle exhaust and other fossil fuel smoke may increase the risk of lung cancer in nonsmokers, according to a new study published Saturday in the European Society for Medic...
As Elon Musk backs fossil fuels, one strategist sends warning over EV sales
The uptake of electric vehicles has increased in recent years, as countries around the world attempt to reduce the environmental effects of transportation. Simonskafar | E+ | Getty Images Recent comme...
Senate Climate Bill Is a Boon for Fossil Fuels
WASHINGTON—Senate Democrats are moving forward on the costliest and most ambitious effort ever by the U.S. to address climate change—powered in part by benefits for fossil fuels and the broader energy...
PoW and PoS Are Crypto Versions of Fossil Fuel Cars and Electric Vehicles: ECB Report
The European Central Bank (ECB) has voiced concerns about the significant carbon footprint of Proof-of-Work (PoW) mining while hinting at a possible ban on such crypto assets, including Bitcoin, by 20...
ECB report likens PoW to fossil fuel cars, PoS to electric vehicles
Amid the soaring inflation, the European Central Bank (ECB) has found time to sum up its concerns about the “significant carbon footprint” of Bitcoin (BTC) and other cryptocurrencies, which require va...
Energy Inflation, Energy Security, And When Fossil Fuel Is Not Coming To A Dead End.
LNG import terminal in Rotterdam, Netherlands. dpa/picture alliance via Getty Images Energy inflation. Inflation in Consumer Price Index (CPI) reached 8.5% per year in May 2022, and is on everyone’s m...
Clean Energy Jobs Are Booming, Making Up For Rising Fossil Fuel Unemployment
Memo to job-seekers: The United States’ clean energy industry is hiring, faster than the overall national economy, and it’s paying above-average wages. The 2022 U.S. Energy and Employment Report (USEE...
UN chief slams new fossil fuel funding
In remarks delivered to the Austrian World Summit in Vienna via video, Antonio Guterres issued a sobering assessment of the planet’s prospects. “Most national climate pledges are simply no...
The Revenge Of The Fossil Fuels
An Engraving of a Locomotive Engine ‘The Rocket’ built by George Stephenson circa 1830. (Photo by … [+] Fotosearch/Getty Images) Getty Images ExxonMobilXOM Corp. shares rallied to a ...
House Republicans’ energy and climate plan pushes fossil fuels, hydro
U.S. House Minority Leader Rep. Kevin McCarthy (R-CA) speaks as House Minority Whip Rep. Steve Scalise (R-LA) and Rep. Lauren Boebert (R-CO) listen during a news conference at the U.S. Capitol May 11,...
New York blocks new crypto mining farms that rely on fossil fuels
The New York State Assembly has passed legislation to block new crypto mining farms that use fossil fuel as an energy source. Existing crypto mining farms and those that use renewable resources are ex...
Ridiculous to think we can stop fossil fuel production immediately: CEO
Fossil fuels are ingrained in the global energy mix and companies continue to discover and develop oil and gas fields at locations around the world. Imaginima | E+ | Getty Images LONDON — The CEO of S...
Why States Continue To Overrule Local Regulation Of Fossil Fuels
Tennessee is poised to become the latest state to preempt local regulations restricting fossil fuel … [+] usage and infrastructure. getty Like their counterparts in many other state capitals, Te...
Britain eyes nuclear, wind, fossil fuels in bid for energy security
Alongside a ramp up in nuclear power, the British Energy Security Strategy envisages up to 50 GW of offshore wind and 10 GW of hydrogen – half of which would be so-called green hydrogen – by 2030. Chr...
Do We Double-Down On Fossil Fuels Or Hasten The Move To Green Energy?
SIGNAL HILL, CA – MARCH 5: Pumps draw petroleum from oil wells through the night as the cost of … [+] crude oil tops $104 per barrel in its surge to new record high prices March 5, 2008 in...
The Concept Of Scope 3 Greenhouse Gas Emissions, And How To Measure Them For Carbon Management By Fossil Energy And Other Companies. Part 2.
Diesel trucks and cars emitting greenhouse gases near Banning, California. Getty Images There is a growing need for companies to adopt carbon management, meaning to reduce their greenhouse gas (GHG) e...
The Concept Of Scope 3 Greenhouse Gas Emissions, And How To Measure Them For Carbon Management By Fossil Energy And Other Companies. Part 1.
Emissions from petrochemical plant on Teesside, UK. Getty Images There is a growing need for companies to adopt carbon management, meaning to reduce their greenhouse gas (GHG) emissions. Bankers and p...
Credit Suisse Aims to Almost Halve Emissions Financing to Fossil Fuels
Credit Suisse, which is the second-largest bank in Switzerland, has said on Thursday that it strives to have nearly halve emissions financing to fossil fuels by 2030. According to Reuters, Credit Suis...
12 stocks in clean energy, fossil fuels and uranium expected to keep soaring — up to 79% from here
The tragedy in Ukraine is having an economic effect on people all over the world as energy prices rise and other supply sources are disrupted. For investors, the day-to-day action is unpredictable. Bu...