A U.S. judge accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.
Beijing temporarily shut down 103 heavily polluting factories and took 30 percent of government vehicles off roads to combat dangerously high air pollution, state media reported on Tuesday, but the capital's air remained hazardous despite the measures.
Summer Palace, a restaurant tucked inside one of the capital's most expensive hotels, offers the standard selection of Chinese delicacies: abalone, braised sea cucumber and imperial bird's nest soup, which sells for about 700 renminbi, or more than $100, a serving. Noticeably absent, however, is a mainstay of Chinese cuisine — shark fin soup. The NYT reports.
Oil companies at the heart of the US shale oil boom are burning off enough gas to power all the homes in Chicago and Washington combined in a practice causing growing concern about the waste of resources and damage to the environment.
Corporations are leaving billions on the table by failing to follow that old crunchy-granola practice: Recycling.
The U.S. energy complex including the growth of natural-gas drilling is "a game changer" that could contribute to global economic growth and promote jobs, Dow Chemical CEO Andrew Liveris told CNBC.
State wildlife officials are so frustrated with the prolific and invasive Burmese pythons that on Jan. 12 they began a one-month hunt in South Florida. The NYT reports.
President Obama is making climate change a key issue in his second term, but the cost of cutting the nation's carbon footprint is likely to place a heavy burden on average Americans—and the U.S. economy.
Nebraska Gov. Dave Heineman has approved a new route for the Keystone XL oil pipeline that avoids the environmentally sensitive Sandhills region.
Chinese leaders dazzled the world by clearing the skies as if by edict before the Beijing Summer Olympics in 2008. Fast forward to January 2013, and the government seems powerless against those same skies, tarnished by an opaque, toxic cloud that has smothered the city for nearly a week.
Calvin Quek, Head, Sustainable Finance, Greenpeace East Asia expects China's government to take a long-term focus on cutting its reliance on coal. He discusses what else China can do to tackle pollution.
Chinese media on Monday called on the government to improve air quality, days after the Beijing's pollution index went off the charts. CNBC's China correspondent Eunice Yoon reports from the Chinese capital.
Air quality in Beijing was the "worst on record" on Saturday and Sunday, according to environmentalists, as the city's pollution monitoring center warned residents to stay indoors with pollution 30-45 times above recommended safety levels.
Elio Motors plans to roll out a two-seater car that gets 84 miles per gallon in 2014.
The rapid deterioration of Hugo Chavez's health raises the question of why Venezuela – and by extension Chavez – plays such an integral role in the global energy market.
Shell may have moved an oil rig that ran aground off Alaska last week partly to avoid millions of dollars in taxes, U.S. Rep. Ed Markey said, raising even more questions about the oil company's decision on the timing of the move.
Australian fire crews battled hundreds of wildfires, a searing heatwave and powerful, hot outback winds on Tuesday, but were hopeful they had dodged a potentially catastrophic fire day without loss of life or major damage.
Wayne D'Angelo, Kelley Drye special counsel, discusses a controversial study on the safety of fracking and whether it will become legal in the state of New York. "These environmental impacts are manageable and have been managed effectively by the states," D'Angelo added.
The Justice Department has reached a $1.4 billion settlement with Transocean Ltd., the owner of the rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill.
CNBC's Rick Santelli, and Christopher Horner, Competitive Enterprise Institute, discuss the false identity assumed by Lisa Jackson, the departing head of the U.S. EPA.