LOS ANGELES— The leader overseeing a massive oil cleanup along the California coast defended the initial response, saying there were boots on the ground after the spill that stained popular beaches. As more crews arrived the next day, they began raking oily sand and cleaning rocks on the beach— an exercise that continues more than a week after one of the largest...» Read More
Thank you Silvio Berlusconi. No, really, thank you.
An attorney for General Motors urged a bankruptcy judge Thursday to approve the automaker's sale plan, saying that the only other alternative would be a liquidation of the company's assets.
The oil market is over-supplied, said Joe Petrowski, the CEO of Gulf Oil on Thursday. As oil stocks approach a 29-year high, the fundamental supply-side of the market has never been more bearish, he said.
From Brazil to Korea, a whole new generation of sustainable communities is getting built from the ground up all around the world. Take a look at sustainable cities of the future.
Sustainability isn’t just about saving the planet. It's about opportunity—reinventing business models to better compete in the global economy.
In the current economic climate, with C-level executives in every type of business wanting to wring every penny from their corporate processes, sustainability means finding ways to reduce, reuse, and repurpose anything along their supply chain, leading hopefully to a leaner, cleaner—and greener—operation.
As large cities around the world try to go green by doing everything from banning plastic shopping bags to installing wind turbines on roofs, a whole new generation of sustainable communities is getting built from the ground up.
The glass is half full again in Toledo. The Ohio city once known as the glass-making capital of America is trying to forge a new identity as a solar-energy, green jobs metropolis of the future.
ExxonMobil said Monday it has completed an expansion of its natural gas processing capacity at a site in Colorado, allowing it to handle up to 200 million cubic feet of gas per day, double its current output.
Deutsche Bank unveiled a 70-foot tall carbon counter in New York City that tracks the amount of greenhouse gases in the atmosphere.
Exxon Mobil was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.
The leader of Canada's east coast province of Newfoundland has announced a tentative agreement to develop an offshore project estimated to contain 223 million barrels of oil.
Divers on Sunday began removing fuel from an oil field supply ship that sank in the Cook Inlet five months ago, but the work was soon halted when the inlet's extreme tides started rocking a vessel being used as a staging area.
Although GM and Chrysler’s bankruptcy may be playing into Ford Motor’s strong June numbers, "it’s really our products that are getting the best reviews they’ve ever gotten," said William Ford, executive chairman of Ford Motor in a live interview on CNBC.
The average price of a gallon of gasoline in the United States rose nearly 17 cents over the past two weeks as crude oil prices climbed to about $72 a barrel, according to an industry analyst.
Speculation that Airbus may have to ground its entire fleet of A330 aircraft due to safety fears is completely unfounded and the plane is among the world’s safest, Tom Enders, CEO of Airbus, told CNBC.
With auto sales in the doldrums, the House approved a plan Tuesday to provide vouchers of up to $4,500 for consumers who turn in their gas-guzzling cars and trucks for more fuel-efficient vehicles.
Edward Whitacre, former chairman and CEO of AT&T, will become chairman of General Motors when the company emerges from bankruptcy, said interim Chairman Kent Kresa Tuesday.
A Senate committee has approved opening the eastern Gulf of Mexico to oil and gas drilling within 10 miles (16 kilometers) of the Florida Panhandle and within 45 miles (72 kilometers) of the rest of the state's coastline.
Three Indiana state pension and construction funds want the Supreme Court to block Chrysler's sale to Fiat so they can pursue an appeal in hopes of getting a better deal.