Category: News

June 22 2017

Green Bond Investors Ask If Their Cash Is Being Spent as Promised

The green-bond market has boomed on the allure of investments that help the environment. Now, the industry is trying to show that the reality matches these ambitions. Advisers and rating companies are starting to track the environmental effect of projects funded by green bonds, such as the impact on air pollution. The services may help […]

June 22 2017

Tesla Loses Autopilot Software Chief After Less Than Six Months

Tesla Inc.’s team developing self-driving car capabilities lost a top engineer hired less than six months ago from Apple Inc., adding to a spate of executive shakeups at tech companies competing to put fully autonomous vehicles on the road. Chris Lattner, who left Apple in January and had been vice president of the carmaker’s Autopilot […]

June 22 2017

Amid Critical Blackouts, Pakistan Races to Fix Power Network

Pakistan is racing to bridge its power supply gap before national elections next year after a series of widespread blackouts highlighted the fragility of the network and its negative pull on South Asia’s second largest economy. The country faces a peak supply gap of 8,000 megawatts during the “scorching” summer, above the average 5,000 to […]

June 22 2017

First-of-Its-Kind Clean Coal Plant May Not Burn Coal at All

A first-of-its-kind “clean coal” power plant that utility owner Southern Co. spent years constructing in Mississippi may end up burning no coal at all — and instead just run like a natural gas generator. After years of delays and billions of dollars in cost overruns, Mississippi regulators on Wednesday called on Southern to work up […]

June 21 2017

The U.K. Wants to Lead World in Driverless and Electric Vehicles

The U.K. government plans to invest more than 800 million pounds ($1 billion) in new driverless and zero-emission vehicle technology as it seeks to boost its economy while leaving the European Union. Investment in research and new recharging infrastructure is intended to make Britain a “leader” in electric and autonomous vehicles, Queen Elizabeth II said […]

June 21 2017

London Mayor Seeks Pollution-Free Transport System by 2050

London’s Mayor Sadiq Khan called for the city’s entire transport network to operate with zero greenhouse-gas emissions by the middle of the century under a 3.3 billion-pound ($4.2 billion) a year program aimed at reducing dangerous levels of pollution. Transport for London will gradually expand the city’s planned ultra-low emissions zone so that center of the city […]

June 21 2017

Oil Majors Risk Wasting $2.3 Trillion If Peak Demand Looms

Oil companies risk wasting $2.3 trillion of investments should demand peak in the next decade as the world works toward its goal of limiting global warming, according to a report from Carbon Tracker. Exxon Mobil Corp. is the most exposed oil major with as much as 50 percent of potential spending to 2025 on projects […]

June 21 2017

OPEC’s Loss Is Poland’s Gain as Shale Boom Tames Inflation

North America’s shale industry may be the swing producer in the oil market, but it’s becoming a dominant factor across the Atlantic for eastern Europe’s biggest importer of energy. OPEC’s loss of its pricing power, combined with cost reductions and advances in extraction technologies, have resulted in an “important and irreversible change” for Poland’s $475 billion […]

June 21 2017

NYC Weatherman Quits TV to Save Europe From Climate Change

On the afternoon of June 1 in New York, meteorologist Mike Favetta was celebrating his last day working for local 24-hour TV station News 12 at his favorite spot in the Bronx’s vanishing Little Italy. As coworkers toasted his 10-year career, Favetta saw his final segment air on a wall TV. On another, he watched President Donald Trump announce his decision to […]

June 21 2017

Oil Bears Are Back as Prices Fall and Driller Shares Take a Hit

Shale producers risk drowning in their own surplus — again. On Tuesday, oil slid into its first bear market in 10 months, falling 21 percent from its high for the year. The swoon dragged down driller shares amid concern that unceasing production from U.S. shale fields is overwhelming OPEC efforts to ease a global supply […]