Category: News

September 21 2017

Cap-and-Trade Is Catching On in the Trump Era

Chris Martin and Joe Ryan Regional carbon markets are expanding in North America, putting a price on emissions from more power plants even as President Donald Trump seeks to ease restrictions on coal companies. Officials in New Jersey, Pennsylvania and Virginia are showing interest in joining the nine-state Regional Greenhouse Gas Initiative led by New […]

September 21 2017

Morgan Stanley and Citi Say They Will Run on 100 Percent Clean Energy

Anna Hirtenstein Morgan Stanley and Citigroup Inc. announced they will get all of their energy from renewables in a few years, another show of corporate support for climate action running counter to U.S. President Donald Trump’s view on the issue. The New York-based banks are aiming for their operations to be carbon-neutral, Morgan Stanley by […]

September 21 2017

Elon Musk’s Solar Partnership Strategy Doesn’t Look So Crazy Anymore

Elon Musk took a lot of heat last year when his Tesla Inc. bought solar-panel installer SolarCity for $2 billion. The synergies between his two companies didn’t seem immediately obvious, among other issues, critics said. But now other solar installers are looking to partner with companies as they wrestle with a market that is shrinking […]

September 21 2017

India’s Electric Car Champion Says Profit Tipping Point Nigh

The only electric-car maker in India says the business case for the clean technology is starting to make sense — and it won’t require government subsidies to take off in a big way. Mahindra & Mahindra Ltd., which announced a partnership this week with Ford Motor Co. to cooperate in areas including electric and driverless […]

September 21 2017

How Merkel’s Green Energy Policy Has Fueled Demand for Coal

By 2030, the eastern German town of Poedelwitz will likely be razed to get at the rich veins of coal beneath its half-timbered houses. The reason: Chancellor Angela Merkel’s effort to steer Germany toward greener energy, which has unexpectedly meant booming demand for dirty coal.  While Merkel aims to wean the country from nuclear power […]

September 21 2017

Citigroup Joins Corporate Climate Fight With Swift Energy Pledge

Citigroup Inc. plans to purchase or produce all of its energy from renewable sources by 2020, the company said during Climate Week New York, an annual affair of energy- and climate-related events timed to correspond with the United Nations General Assembly. Many companies have pledged to soon use only clean energy, but Citigroup’s promise to make the […]

September 20 2017

Despite Trump, States Still on Pace to Reach Paris Climate Goals

Joe Ryan A coalition of states that vowed to fight global warming is on track to meet its share of U.S. targets set under the Paris Climate Agreement, even as President Donald Trump guts federal environmental efforts. California, New York, and other members of the U.S. Climate Alliance have collectively cut greenhouse gases 15 percent since 2005, […]

September 20 2017

Tesla Worker Says Firing Timing Denied Him Lucrative Shares

A former Tesla Inc. factory worker filed a lawsuit alleging the automaker fired him a day before his one-year anniversary, denying him hundreds of thousands of dollars worth of stock options that he claims should have vested. Stephen Platt — who said he began working as a machinist at Tesla’s Fremont, California, factory on Aug. 27, 2012 […]

September 20 2017

U.K. Brushes Off Trump on Iran With $720 Million Solar Deal

The U.K. deepened its economic relationship with Iran in a solar deal worth $720 million less than a day after U.S. President called the Persian Gulf nation a “rogue state” and threat to global security. Current and former Iranian and U.K. officials gathered in London to announce a 600-million euro plan to develop a giant […]

September 20 2017

Fortum Plans $9.7 Billion Bid for EON Fossil-Fuel Arm Uniper

Finnish utility Fortum Oyj plans to offer 8.05 billion euros ($9.7 billion) for EON SE’s legacy fossil fuel and trading business, Uniper SE, as consolidation in the European power sector accelerates. Fortum is in advanced talks to buy EON’s remaining 47 percent stake in the business, the Espoo, Finland-based company said in a statement Wednesday in response […]