Category: News

September 18 2017

Maria Becomes Hurricane, Putting Caribbean in the Crosshairs Again

For the third time this month, a hurricane is spinning toward the already battered Caribbean and gathering strength along the way. The National Hurricane Center upgraded tropical storm Maria to a hurricane Sunday as winds picked up to 85 miles per hour. The storm, 100 miles (160 kilometers) northeast of Barbados, is intensifying, and hurricane warnings […]

September 17 2017

IEA Sees Risk of Volatile Oil Prices on Weak Upstream Investment

A dearth of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, even as demand growth is expected to slow over the next five years, according to a senior International Energy Agency official. The worldwide cushion of spare production capacity will shrink without further investment in exploration and […]

September 15 2017

GM’s Record China Deliveries Mask Muted Electric Car Sales

General Motors Co. is delivering millions of cars a year in China, its largest market. That could become a problem if Chief Executive Officer Mary Barra doesn’t figure out how to sell more that are electric. GM is setting records with shipments by its Buick, Cadillac and Baojun brands. But the company sold fewer than 20 plug-in […]

September 15 2017

Hinckley Yachts Unveils World’s First Fully Electric Luxury Boat

When Bob Dylan went electric, jamming Maggie’s Farm on his sunburst Fender Stratocaster at Rhode Island’s 1965 Newport Folk Festival, he changed the world and gave a jolt to a field (and a town) known mostly for being staid and traditional. Now Newport is the scene of another electrification, one that may have a similarly seismic […]

September 15 2017

Li’s CK Infrastructure Is Said to Weigh Offer for Cory Riverside

CK Infrastructure Holdings Ltd., the infrastructure investment company controlled by Hong Kong’s richest man Li Ka-shing, is considering an offer for U.K. energy producer Cory Riverside Energy Group, people with knowledge of the matter said. The London-based energy-from-waste company could be valued at more than 1 billion pounds ($1.3 billion), including debt, the people said, […]

September 15 2017

India’s Wind Turbine Makers Mull Cuts as Auction Pace Lags

ReGen Powertech Pvt., one of India’s top five wind turbine makers, last month shuttered a factory in the northwest city of Udaipur and laid off workers, signaling challenges roiling the nation’s wind turbine manufacturers as they adjust to an auction system that’s throwing into doubt how much wind energy gets built. "We all have extra […]

September 15 2017

Daimler Rolls Out Electric Truck in New York

Daimler Trucks is trying to gain a foothold in the nascent electric-truck market with short-range haulers that can make New York City’s clogged streets cleaner and quieter. At an event in Manhattan’s fashionable Soho neighborhood, the Daimler AG unit unveiled its new Fuso eCanter, an electric light-duty truck produced under the Mitsubishi Fuso brand. The hauler […]

September 15 2017

China, India Best Bets for Green Investors, Morgan Stanley Says

Emerging markets including China and India could be the best bets for investors hoping to fight climate change and boost returns, according to a report Thursday. If the planet heats up by 5 degrees Celsius (9 degrees Fahrenheit), well above the 2-degree threshold set by the Paris Accord, investors may face $7 trillion in global […]

September 14 2017

New York City to Require Big Buildings to Cut Carbon Emissions

New York City will require large buildings to reduce greenhouse gas emissions, as part of the city’s goal of cutting total emissions 80 percent by 2050. Mayor Bill de Blasio is calling on owners to reduce their use of fossil fuels and boost energy-efficiency, and said New York is the first major city to impose […]

September 14 2017

Why UBS Is Bringing Its Climate-Proofing Strategy to Proxy Voting

UBS Group AG increased its backing of shareholder climate resolutions this year, according to Christopher Greenwald, head of sustainable investing research at UBS Asset Management. UBS, which has more than $1 trillion of its $3.7 trillion in assets under management in sustainable and responsible strategies, made the firm-wide change after a collaboration with a client. […]