ABUJA, Nov 26- Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment. The parliament finally reached a decision based on the report of the National Oil Spill Detection and Response Agency, which previously recommended a fine of...» Read More
Curbing greenhouse gases has become an emergency, as global warming advances faster than previously thought, Lord Nicholas Stern, the author of the 'Stern Review' on climate change and the economy, tells CNBC.com.
The prodigious American consumer electronics industry may be providing consumers with somewhat more ‘eco-friendly’ products. but it remains an industry with a dark side: mountains of toxic e-waste.
ZPower has spent the last 10 years working on silver-zinc rechargeable battery technology and will unveil its first product through a major technology partner in August. CEO Dr. Ross Dueber talks to CNBC.com about the technological, financial and environmental issues for his company, the industry and consumers.
A convergence of factors -- from sizzling commodity prices to high energy costs to new technology -- is transforming the waste management industry and driving strong growth.
The author of "the Stern Review" on the economic impact of climate change, Lord Nicholas Stern, talks to CNBC Europe about biofuels and climate change.
The U.S. economy has "turned down sharply" and is at risk of weakening further because of the slump in housing, Treasury Secretary Henry Paulson said.
The weak dollar is the main factor keeping prices at high levels, not the supply of oil, and that situation is likely to continue, current OPEC president Chakib Khelil, who is also Algerian Oil Minister, said on Tuesday.
Gas prices rose further into record territory Monday, pulled higher by resurgent oil futures and a growing belief that gasoline supplies are falling as the summer driving season approaches.
Retail gas prices surged to a new record above $3.30 a gallon Friday and appear poised to rise further in coming weeks as gasoline supplies tighten.
Are hedge funds and investment banks unfairly driving up fuel costs for families in the U.S. -- or are soaring energy prices the result of a strong global economy and a free financial system? Industry officials are debating the question -- and will present their arguments to CNBC on Thursday.
The U.S. economy has taken a sharp turn for the worse and is facing a tough quarter, U.S. Treasury Secretary Henry Paulson said on Thursday.
A nationwide survey of nearly 700 people suggests that Americans would prefer more money be invested in technology to solve the nation's energy ailments than to cure cancer or other diseases.
Toyota Motor on Wednesday challenged a claim by a former senior executive that Japan's government funded the development of technology that drives the market-leading Prius hybrid.
U.S. auto sales dropped 12 percent in March in a decline blamed on shaky consumer confidence, high fuel prices and concern that a housing market downturn could spread into a full recession.
Democrats think they have a revenue-neutral solution: shift some $18 billion in subsidies now helping the bottom line of the oil and gas industry to fledging green industries – wind, solar and alternative fuels.
Independent truckers around the country pulled their rigs off the road and others slowed to a crawl on major highways in a loosely organized protest of high fuel prices.
Russian mid-sized oil firm Tatneft said on Tuesday it is considering a joint project with Chevron after the head of the U.S. oil major's Russian operations met the president of Tatarstan.
Supporters of two controversial coal power plants proposed for Western Kansas say they hope to pass new legislation this week that could override an expected veto by the governor and allow the $3.6 billion project to move ahead.
With summer driving season around the corner, and the cost of gasoline at record highs, pain at the pump has become an everyday reality. And that has some automakers shifting their focus to alternative fuels, like hydrogen cells.