Environment

A transmission tower is seen on July 11, 2022 in Houston, Texas. ERCOT (Electric Reliability Council of Texas) is urging Texans to voluntarily conserve power today, due to extreme heat potentially causing rolling blackouts. Brandon Bell | Getty Images This story is part of CNBC’s “Transmission Troubles” series, an inside look at why the aging

The U.K.’s Finance Minister Jeremy Hunt has said that the U.S. President Joe Biden’s Inflation Reduction Act is a bid to play ‘catch up’ on clean energy investment. Bloomberg | Bloomberg | Getty Images U.K. Finance Minister Jeremy Hunt said Friday that the U.S.’s Inflation Reduction Act was U.S. President Joe Biden’s attempt to play

The Orsted Block Island Wind Farm in this aerial photograph taken above the water off Block Island, Rhode Island. Eric Thayer | Bloomberg | Getty Images The Biden administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico as part of a larger plan to install offshore wind sites along

A gas flare outside Williston, North Dakota. Andrew Burton | Getty Images Congressional Democrats this week urged the Environmental Projection Agency to strengthen its proposal to regulate planet-warming methane gas emissions from the country’s oil and gas sector. The letter, led by Sen. Martin Heinrich, N.M. and Rep. Diana DeGette, Colo., and signed by a total of

Club holdings Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) delivered fourth-quarter earnings beats Wednesday. But we’ll be watching for how the market responds to higher capital expenditure outlooks and lower quarterly dividends for both of these Texas-based oil-and-gas firms. Coterra’s total revenue increased 2.5% year-over-year, to $2.28 billion, beating analysts’ forecasts of $2.11 billion,

In this article HLX Follow your favorite stocksCREATE FREE ACCOUNT The Supreme Court of the United States on Captiol Hill, photographed on Tuesday, Feb. 21, 2023 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Supreme Court ruled Wednesday that an offshore oil rig worker who earned more than $200,000 annually

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Coinbase reported user numbers that fell short of analysts’ estimates even as fourth-quarter earnings and revenue beat projections. The stock rose more than

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stick with TJX Sit tight on oil Charitable donation 1. Stick with TJX Shares of TJX Companies (TJX) could trade lower Wednesday morning following the off-price retailer’s fourth-quarter earnings report.

In this article DUK Follow your favorite stocksCREATE FREE ACCOUNT Transmission towers are shown on June 15, 2021 in Houston, Texas. The Electric Reliability Council of Texas (ERCOT), which controls approximately 90% of the power in Texas, has requested Texas residents to conserve power through Friday as temperatures surge in the state. Brandon Bell |

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Wait to put cash to work Watch oil stocks Buy EL, STZ & PG 1. Wait to put cash to work Equities continued to slide Friday morning on the back

Fatih Birol, executive director of the International Energy Agency (IEA) at the World Economic Forum (WEF) in Davos, Switzerland. Bloomberg | Getty Images The International Energy Agency’s executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure. Currently, oil markets are “balanced,”

We are selling 650 shares of Coterra Energy (CTRA) at roughly $23.80 apiece, and 75 shares of Pioneer Natural Resources (PXD) at roughly $209.10 apiece. Following the trades, Jim Cramer’s Charitable Trust will own 1,000 shares of CTRA, decreasing its weighting in the portfolio to about 0.81% from 1.33%, and 125 shares of Pioneer, decreasing

U.S Senator Lindsey Graham has said the world should focus on environmental damage prevention rather than on climate reparations. Kent Nishimura | Los Angeles Times | Getty Images The world should focus on environmental damage prevention rather than on climate reparations, U.S Senator Lindsey Graham said Friday, calling for approaches that integrate countries worldwide. “Climate

The European Commission’s climate chief warned Friday that society will be “fighting wars” over food and water in the future, if serious action is not taken on climate change. Speaking at the Munich Security Conference, Frans Timmermans said global warming posed one of the greatest risks to security worldwide and urged that efforts to limit

A gas station in Arlington, Virginia. Xinhua News Agency | Xinhua News Agency | Getty Images New government data for January shows high inflation has continued into the new year. That has some economists worried high prices may prove to be sticky, even as the Federal Reserve works to slow inflation by raising interest rates.

Shares of Club holding Devon Energy (DVN) fell sharply Wednesday, one day after delivering disappointing fourth quarter results , reducing its fixed-plus-variable dividend and barely buying back any stock. Forward guidance wasn’t that great either. It’s certainly a frustrating story for sharholders like us, and one that bares further scrutiny. Bottom line Unlike most companies,

Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Images Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent

The US Capitol in Washington, DC, US, on Wednesday, Jan. 25, 2023. Al Drago | Bloomberg | Getty Images Following the midterm elections in November, President Joe Biden faces a GOP-controlled House of Representatives largely opposed to the administration’s climate change and clean energy policies and efforts to curb the country’s dependence on fossil fuel

Men wearing military uniform walk along Red Square in front of St. Basil’s Cathedral in central Moscow on February 13, 2023. Alexander Nemenov | Afp | Getty Images The coming months will be critical in figuring out how Russia’s economy is holding up in the face of a new suite of sanctions, and for how

Oil-and-gas producer Devon Energy (DVN) on Tuesday delivered lackluster fourth-quarter earnings, sending shares lower. And now we’re looking to the company for answers on how it plans to continue returning cash to shareholders in a lower oil-price environment. Total revenue was roughly flat year-on-year, at $4.3 billion, slightly missing analysts’ forecasts of $4.39 billion, according