Tesla shares fell by 5% after the company reduced prices on certain models in the US and lowered the cost of its premium driver assistance software. The stock closed at $245.01, but it is st… Read More
UAE oil giant ADNOC, led by the president of COP28 climate conference, is projected to spend over $1 billion per month on fossil fuels this decade, according to Global Witness. This is almos… Read More
Saudi Arabia and Russia have announced that they will extend their voluntary oil production cuts through the end of the year, reducing global crude output by 1.3 million barrels and pushing… Read More
Private equity firms in the United States are profiting from climate disasters by acquiring companies specializing in disaster cleanups and restoration, according to research by the Private… Read More
U.S. crude oil prices have surpassed $90 a barrel for the first time since November 2022, driven by expectations of a tighter supply. West Texas Intermediate crude (WTI) rose 1.6% to reach a… Read More
Oil prices reached their highest level of the year, with some analysts predicting a return to $100 a barrel before the end of 2024. Brent crude futures traded at $93.29 a barrel on Friday, w… Read More
The streaming model has disrupted the economics of the media industry, leading to financial challenges for Hollywood studios. Legacy media companies like Disney and Warner Bros. Discovery st… Read More
The United Auto Workers have gone on strike against GM, Ford, and Stellantis after failed negotiations, causing repercussions such as plant idling and temporary layoffs. Lime announced its a… Read More
Lindsey Stallworth, a teenager from Alabama, discovered the nearly complete skull of a 34-million-year-old whale while fossil hunting with her high school biology teacher. Stallworth, who ha… Read More
China has decided to keep its benchmark loan rates unchanged for September, signaling a stabilization in the country's economy. The one-year loan prime rate, which affects most household and… Read More
The Republican speaker of the Wisconsin Assembly, Robin Vos, is blocking pay raises for University of Wisconsin employees unless the university cuts diversity, equity, and inclusion spending… Read More
California Attorney General Rob Bonta has filed a lawsuit against five major oil and gas companies, including ExxonMobil, Shell, Chevron, ConocoPhillips, and BP, as well as the American Petr… Read More
UK Prime Minister Rishi Sunak has announced a shift in climate policies, including a delay in the ban on the sale of new gasoline and diesel cars from 2030 to 2035. Sunak stated that people… Read More
A man, Oro Umaru from Ba’abete Fulani Camp in Kaiama Local Government Area of Kwara State, was presented before a Kwara State Magistrates Court in Ilorin on Thursday for alleged culpab… Read More
The Energy Department has announced a $325 million investment in new battery types to store surplus renewable energy. The funds will be distributed among 15 projects in 17 states and one Nat… Read More
The Mexican government has constructed the Olmeca refinery in the industrial port of Dos Bocas to reduce gasoline imports. The refinery, which is expected to be fully operational in 2024, ha… Read More
The International Energy Agency (IEA) announced that limiting global warming to 1.5 degrees Celsius is still possible if countries rapidly scale up renewables in the next decade. Solar power… Read More
Brazil's President Luiz Inácio Lula da Silva aims to restore the country's climate credibility and prevent the Amazon from reaching a tipping point. Deforestation in Brazil's Amazon h… Read More
The United Kingdom's commitment to achieving net-zero greenhouse gas emissions by 2050 is facing challenges as Prime Minister Rishi Sunak announced policy shifts to relieve burdens on workin… Read More
UK Finance Minister Jeremy Hunt has ruled out short-term tax cuts, citing concerns over inflation. Hunt stated that the focus is currently on reducing inflation and that tax cuts could only… Read More
The International Energy Agency (IEA) and OPEC are engaged in a dispute over peak oil demand, which refers to the point when global crude demand reaches its highest level and begins to decli… Read More
Grid batteries experienced a significant increase in installations in the second quarter of 2023, with more capacity built than in any previous quarter, according to data from the American C… Read More
A ‘church’ leader and his three sons have been sentenced to 12 years in prison after making $1 million from sale of toxic bleach they passed off as a ‘miracle cure’ f… Read More
Scientists from University College Cork have discovered evidence of ginger pigment molecules in fossilised frogs dating back 10 million years, suggesting that the genetic mutation that cause… Read More
French troops have begun to withdraw from Niger, with a convoy of soldiers and equipment leaving the country for an undisclosed location, possibly Chad. The withdrawal was demanded by Niger'… Read More
A new report by the US-based think tank Global Energy Monitor (GEM) predicts that close to a million coal mine jobs, more than a third of the coal mining workforce, could disappear by 2050… Read More
ExxonMobil has agreed to acquire shale group Pioneer Natural Resources for $59.5 billion, making it the largest oil and gas deal in the US in over two decades. The deal will increase Exxon's… Read More
Investors are pressuring Tesla CEO Elon Musk to start spending on major media campaigns as the company's growth in unit sales lags. Shareholders have challenged Musk on this issue at the ann… Read More
The European Union has launched a Europe-wide tax on carbon in imported goods, making it the first time a carbon border tax has been tried at this scale. The Carbon Border Adjustment Mechani… Read More
During the excavation of Auckland's raw sewage pipeline, a treasure trove of over 300,000 fossils, representing 266 different species, was discovered. The fossils are over three million year… Read More
A series of billion-dollar mergers and acquisitions in the Canadian oil sector indicates a strong industry with growing confidence in the short- and medium-term outlook for fossil fuels. Com… Read More
Swedish activist Greta Thunberg was arrested in London during an environmental protest outside a hotel hosting an oil executives' meeting. Thunberg was led away by police officers and placed… Read More
Tesla is urging the Biden administration to adopt stricter fuel economy standards than currently proposed, which would give the company an advantage over legacy automakers such as General Mo… Read More
Google has cut dozens of jobs in its news division, with an estimated 40 to 45 workers losing their jobs. The layoffs come at a sensitive time for online platforms and publishers, as the spr… Read More
The US Department of Energy has announced a $3.5 billion investment to upgrade the country's aging electric grid, the largest-ever investment in this area. The funding aims to prepare the gr… Read More
FA Cup third and fourth round replays and the two-legged EFL Cup semi-finals are expected to be scrapped as part of reforms to the English football calendar.
The changes will also see the FA… Read More
The World Bank has approved a new vision statement that acknowledges its mission to combat climate change and alleviate global poverty on a "livable planet." However, critics argue that the… Read More
A storm named Babet has hit northern Europe, causing floods, power outages, and disruptions to transportation. At least four people have died in the storm, with the latest victim being a wom… Read More
Roblox China, a joint venture with Tencent, has laid off a small number of staff in the US and China. The company has been quiet about its operations since it abruptly halted service nearly… Read More
According to the International Energy Agency (IEA), the transition to renewable energy is "unstoppable," but even this shift won't be enough to meet global targets for limiting global warmin… Read More
Boeing has announced that it will deliver fewer 737 Max aircraft than previously expected this year due to production flaws on the fuselages. The company now estimates handing over between 3… Read More
The Bank of England is expected to keep interest rates unchanged due to moderating price pressures and weakening economic activity. Recent data shows that UK inflation remains at 6.7% in Sep… Read More
Shell reported a $6.2 billion profit for the third quarter, in line with estimates, thanks to higher oil prices and refining margins. The company also announced a $3.5 billion share buyback… Read More
Scientists at the University of Edinburgh have engineered a strain of E. coli bacteria that can consume plastic bottles and transform them into useful liquids such as make-up, drugs, and per… Read More
Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, has warned investors not to trust the recent stock market rally. He believes that the rally is no… Read More
The United Autoworkers (UAW) has reached tentative agreements with GM, Stellantis, and Ford, ending a six-week strike and securing significant concessions for workers, including record pay r… Read More
A new report by the U.N. Environment Programme (UNEP) and Stockholm Environment Institute reveals that governments are planning to increase fossil fuel production by 110% in 2030, which woul… Read More
Moody's Investors Service has lowered its ratings outlook on the United States government from stable to negative, citing rising risks to the nation's fiscal strength and political polarizat… Read More
A United Nations report has revealed that countries' current plans to reduce carbon emissions would actually result in an 8.8% increase in global emissions by 2030 compared to 2010 levels, f… Read More
Michigan's state legislature has passed a package of bills requiring 100% of its electricity to come from clean sources by 2040, making it one of the most ambitious targets in the country. T… Read More
Citigroup is set to begin layoffs as part of CEO Jane Fraser's corporate overhaul. Employees affected by the cuts will be informed starting Wednesday, with new dismissals announced daily thr… Read More
A giant Amazon seller now declares an unexpected bankruptcy, part of a restructuring agreement with lenders to slash its debt.
Walpole, Massachusetts-based Thrasio is asking the court to… Read More
Another tech company is now laying off 350 employees to help drive stronger operating leverage and align with “future strategic priorities.”
Bumble announced on Tuesday plans… Read More
This massive bank is now cutting 286 jobs which will take effect before May 3rd according to the latest WARN filings.
The staff cuts, set to take effect before May 3, encompass 239 emplo… Read More
A beloved tech retailer now warns of new layoffs even as the company navigated through a period of consumer electronics demand.
Best Buy warned of another year of softer sales and said it… Read More
This massive US company will now lay off in California, as well as other prominent states such as Ohio and Pennsylvania, sources report.
UPS is laying off employees at facilities in Calif… Read More
Samsung has continued its streak of discounts, with price cuts on the Galaxy Watch 6, Galaxy Buds, and now the Galaxy Tab A9+. Previously priced at $219, the Galaxy Tab A9+ is now available… Read More
Should You Buy An EV in 2024?
As we stand on the precipice of 2024, the automotive industry is transforming significantly, but should you buy an EV in 2024? The evolution of electric vehi… Read More
Will 2024 Be Another Record-Breaking Year for Electric Vehicle Sales?
The electric vehicle (EV) market has risen over the past few years, with sales numbers smashing records annually. Thi… Read More
Fully EV-Cars vs. Plug-in Hybrid: An In-depth Comparison
The automotive industry is transforming significantly as the world moves towards a more sustainable future. The rise of electric v… Read More