The California State Teachers' Retirement System says it plans to increase its investments in clean energy and technology to $3.7 billion, from $1.4 billion, over the next five years. CalSTRS CEO Jack Ehnes says the pension fund is seeing more opportunities in low-carbon projects and technologies.» Read More
September auto sales are expected to be weak due to a credit crunch, high gas prices and the troubled housing market, reflecting an overall slowdown for the year but little effect from the brief strike against General Motors, industry analysts say.
Russia's resources ministry asked the new prime minister on Friday to approve its plan to make oil firms spend billions of dollars on cutting the amount of gas wastefully flared off during oil production.
Record high coal prices and tight supply are piling the pressure on electricity generators already hit by soaring oil markets and high gas prices, industry players say.
The world's biggest greenhouse gas polluters -- including the United States and China -- sent envoys to the U.S. State Department Thursday for discussions on climate change and what to do about it.
Kazakh lawmakers passed a bill Wednesday allowing the government to unilaterally break contracts with foreign companies, potentially threatening an Italian-led consortium developing a giant oilfield.
Philips Electronics said on Tuesday it plans to spend 1 billion euros ($1.41 billion) over the next five years to increase sales of environment-friendly products.
Wal-Mart Stores has formed a partnership with the Carbon Disclosure Project to look for ways for its suppliers to better manage their energy efficiency, as part of its environmental push, the company said on Monday.
Oil companies increased oil and natural gas output from the offshore Gulf of Mexico on Saturday, recovering from a tropical depression that dealt the biggest blow to the region's energy production in two years.
Here are notes of interest from the political front. The first one on Newt Gingrich is from a breakfast meeting I attended this week with other journalists. The former Speaker sees a bleak Republican outlook but keeps a potential 2008 candidacy alive.
The European Union will press ahead with plans to include aviation in its emissions trading system despite United States' efforts through a U.N. body to discourage it, a spokeswoman for the EU executive said on Friday.
Oil major BP has complained to Alaska state officials about the description of at least two oil production disruptions posted on an official state website, a BP spokesman said Wednesday night.
Russian Sakhalin-2's first year-round exports of Vityaz crude will be pushed back to next year due to delays in pipeline commissioning, sources said on Wednesday.
Ascent Solar shares surge more than 19% on news of deal with Hydro Building Systems, a division of Norsk Hydro.
OPEC would likely hold consultations about boosting supply again if the price of oil stayed above $80 a barrel for more than 15-20 days, an OPEC source said on Tuesday.
America's aging energy infrastructure will require massive investment in order to make much needed efficiency improvements, former Exxon Mobil Chief Executive Lee Raymond said on Monday.
If you want to fly with Warren Buffett's private-jet company in Europe, you're going to have to fly 'green.' NetJets Europe, a Berskhire Hathaway subsidiary, has announced that it will be charging customers $5500 a year to pay for carbon-offsets.
Aviation has borne the brunt of environmentalists' ire for causing climate change but the global maritime industry could face similar pressure if it can't agree to curbs in greenhouse gases, industry experts warn.
The price of the OPEC basket of twelve crudes reached a new record Wednesday, hitting $74.21 a barrel, compared with $73.13 on Tuesday, OPEC said today in a statement.
Alaska officials said Tuesday they were investigating BP Plc's local unit due to a spate of fires at oil-field facilities, which come after two years of scrutiny over safety at BP's U.S. operations.
CNBC Europe's Dan Scott reports from the Frankfurt Motor Show and VW's plans to become the world's biggest carmaker.