LOS ANGELES— A 10- square-mile oil slick off the coast of California is thinner than a coat of paint and it's becoming harder to skim from choppy waters, officials said Friday as more dead animals were discovered on the Santa Barbara coast. Federal regulators ordered Plains All American Pipeline to drain the pipe that leaked, test the metal in the damaged section...» Read More
The investment research company picks the best ways to invest in green - but not everyone is convinced.
Thomas Skains, Chairman, President and CEO of Piedmont Natural Gas and Chairman, American Gas Association writes, "A key part of President Obama’s energy plan is a focus on significantly reducing current imports from the Middle East and Venezuela within the next 10 years. One of the ways to do this is by promoting the responsible domestic production of natural gas here in our own country."
In recessions investors tend to return to safe havens like government bonds, the US dollar, gold and consumer staple and drug stocks and cash flows out of what are considered more discretionary sectors.
Green investing has grown well beyond niche status, as the number of mutual funds and ETFs has increased enormously in recent years. Here's a list of the major funds.
Investors with a short time horizon and low tolerance for risk may want to avoid the group, but the patient and the bold may well be rewarded over time.
Cities, companies and even Scandinavian rock festivals are striving to cut carbon emissions to zero, but analysts are divided over whether it is achievable or even appropriate in fighting pollution and climate change.
The United Auto Workers union has placed concession talks with General Motors on the back burner as it tries to reach a deal with Chrysler before an April 30 government deadline, two people briefed on the negotiations said Thursday.
Nissan Motors CEO Carlos Ghosn said the company has the technology and the ability to produce cars that are going to be zero emissions by 2010 but also cost-friendly.
Chrysler is working hard to complete a deal with Fiat, but is also prepared if the deal doesn't go through, Vice Chairman and President Jim Press told CNBC Wednesday.
Chevron has halted its oil production in Cook Inlet because of continuing threats from Mount Redoubt eruptions at the Drift River terminal, where the company stores its oil.
If nobody else is going to say it, I will: the Senate is senile. I use the word senile deliberately because it has the same latin root as "senate." And the similarities don't stop at linguistics. The world's most poorly designed deliberative body has lost its mind.
The White House's auto task force thinks that GM's latest offers to bond holders and auto workers will leave the company with too much debt and want the terms reduced even further, CNBC has learned.
Wagoner's resignation comes as the company awaits president Barack Obama's reports on efforts to save GM and Chrysler.
An offer from GM is a "first shot, a starting point" for negotiations, said a GM bondholder told CNBC, but "there’s great disparity between the bondholders versus labor."
The Environmental Protection Agency is putting on hold hundreds of mountaintop coal-mining permits until it can evaluate the projects' impacts on streams and wetlands.
GM bondholders sent a letter to Treasury Secretary Timothy Geithner and the leaders of the auto task force Sunday expressing frustration that they have received no response from either GM or the auto task force regarding their suggestions for a near $28 billion debt exchange.
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A jury awarded about $150 million to 91 families Thursday who sued Exxon Mobil over wells contaminated by a gasoline leak north of Baltimore.
The F-35 Joint Strike Fighter from Lockheed Martin is the most expensive defense program in history. Costs could reach $1 trillion, between buying the aircraft and supporting it for decades.