Touting his energy plan to get America off foreign oil, financier T. Boone Pickens told CNBC Wednesday that the U.S. is importing oil from its "enemies."
With energy prices low by recent standards, credit conditions stubbornly tight—by any standard—and cap-and-trade legislation on life support, you'd think green investment would be in the doldrums. Think again.
Though the future of a cap-and-trade-based carbon market now looks grim, there are other less-known environmental markets--such as wetlands mitigation--that are up and running and attracting investor attention.
Corporations appear to have fewer questions than lawmakers about how climate change will alter how the world uses energy and natural resources, and are actively pursuing technologies they expect will give them a leg up in an economy less dependent on fossil fuels.
Oil and coal companies helped elect a Congress more hostile to those sustainable energy solutions, but at least three oracles offer a different vision for our carbon powered Congress to follow that may result in more jobs and a faster economic recovery.
Natural gas has historically been one of the toughest trades in the commodities group and, once again, funds are losing big betting the wrong way.
Crude oil is near its highest level since 2008, hovering around $87 a barrel, and Tom Petrie, vice chairman of Bank of America Merrill Lynch, expects the hot commodity to test $100 in the next year.
After a hot first half, investment slowed in the third quarter, but the sector is still attracting more capital than others.
The presidential commission investigating the massive Gulf oil spill has found no instance where a decision deliberately sacrificed safety to cut costs.
Ford beat expectations as GM and Chrysler both handily beat estimates for the month of October, putting some life back into the troubled auto industry, even as Toyota falters.
General Motors will look to sell just over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that would shift the U.S. government to a minority shareholder in the top U.S. automaker, people familiar with the matter said.
The World Economic Forum in Marrakech last week included a lesson on energy economics from Manhattan.
T. Boone Pickens told CNBC Friday that he’s more conservative in his business dealings, thanks to mistakes, including a whopper—doling out dividends to shareholders, which were actually equity in the company.
Africa is booming – in part because African governments are heeding the call to action, removing barriers to trade, lowering taxes and improving the physical and social infrastructure that had impeded business growth.
ConocoPhillips CEO Jim Mulva said that oil prices could reach $90 in the next couple of years based on the demand in emerging markets.
Lower oil prices are good for the US consumer and good for Occidental Petroleum Corporation and the oil industry as a whole, Stephen Chazen, who will become the oil company’s CEO at the annual meeting next year, told CNBC Tuesday.
Walmart announced last week it would soon require companies to prove it used only sustainably sourced palm oil.
The directors of coal producer Massey Energy Co are exploring strategic alternatives, including a possible sale of the company, the Wall Street Journal reported on its website on Monday, citing people familiar with the matter.
According to the U.S. Commodity Futures Trading Commission (CFTC) bullish bets on nat gas from hedge funds fell to the lowest level this year. Here's why:
Coal stocks have outperformed the S&P 500 by 14 percent since July 1, but now may be time to cash in after Goldman Sachs reduced its rating on the sector to "neutral" Monday.