fossil fuels

Europe may have as little as six weeks of jet fuel left as the Strait of Hormuz shutdown squeezes supply lines into peak travel season, the International Energy Agency warned Thursday. President Donald Trump said some of the world's biggest tankers are arriving empty at U.S. ports to load crude...

Microsoft Corp (NASDAQ:MSFT) is committed to restoring parts of Brazil’s Amazon and Atlantic forests for carbon credits. The company told the Financial Times it inked a deal to buy 3.5 million credits over two years from Brazil startup Re.green. The deal could be worth approximately $200...

The hotly contested 2024 election between Vice President Kamala Harris and former President Donald Trump has Americans bracing for a down-to-the-wire finish. While Harris has a slight lead in polling forecasts, the race remains an essential toss-up. As market participants consider investment ideas...

The COP28 Presidency released a proposed climate deal text on Wednesday, emphasizing a significant shift from fossil fuels to combat climate change. What Happened: Reuters reports that this development marks a first in the COP summit’s three-decade history, proposing “transitioning...

The draft text of the COP28 climate deal has sparked outrage globally due to its failure to address the phasing out of fossil fuels. Key stakeholders at the summit, which is being held in Dubai, have expressed their disappointment and concern. What Happened: A CNBC reported that the draft proposal...

The Master Plan 3 document released by Tesla, Inc. (NASDAQ: TSLA) weighed in on the cost advantage of clean energy versus fossil fuels. What Happened:  Building manufacturing infrastructure of the sustainable energy economy will cost $10 trillion over a 20-year...

Tesla Inc (NASDAQ) CEO Elon Musk, the leader of the world's largest electric-vehicle company and the richest man globally, is calling for more oil and gas production. Some are finding this puzzling and contradictory, but here's the meaning behind his comments.  What Happened...

On Monday, the Securities and Exchange Commission proposed that all publicly traded companies disclose their greenhouse gas emissions. The proposal continues a push in the clean energy sector and could result in winners and losers in different sectors. What Happened: The SEC made the proposal...

The days of Exxon Mobil Corporation (NYSE: XOM) being the most valuable energy company in the U.S. are over, with the newer NextEra Energy Inc (NYSE: NEE) passing the oil giant’s market capitalization. ExxonMobil was also recently passed by rival Chevron (NYSE: CVX) as America’s most...

Three heirs of John D. Rockefeller are now pushing against the oil industry that made their namesake family wealthy. About BankFWD: Daniel Growald, Peter Gill Case and Valerie Rockefeller co-founded BankFWD. BankFWD is a “network of individuals and organizations united in the belief that by...

General Motors Company’s (NYSE: GM) autonomous vehicle manufacturing subsidiary Cruise LLC, has received the permit from the California Department of Motor Vehicles to begin testing its electric self-driving vehicles in San Francisco. The company plans to begin on-...

The Trump administration has cut fuel standards and ushered in a plan calling for significantly lower annual increases in fuel efficiency. What Happened On Tuesday, the Environmental Protection Agency and the Department of Transportation finalized a norm titled “The Safer Affordable Fuel-...

Lately, there have been some big decisions in the circle of traditional fossil fuel producers, all related to their long-term plans and investment direction switch to renewable energy. And it may be said that those are some significant amounts of capital. The final plan is a carbon-free future. In...

Global fund flows are pouring rapidly into "virtue" stocks that "help the planet" and away from "vice stocks," including anything to do with fossil fuels. Shares of tanker companies carrying oil and gas and dry bulk companies carrying coal are seen as squarely in the vice zone, which could put...

The ALPS Clean Energy ETF (CBOE: ACES), an exchange traded fund with exposure to multiple clean energy themes, debuted about a year ago and it appears its timing was excellent and not just because the fund is up 30.51% this year. What Happened ACES and its index bring a fresh approach to...