Investors pumped $1.2 billion into catastrophe bonds in the first quarter, betting on a mild hurricane season this summer.» Read More
The owner of Lousiana's largest oyster producer, Motivatit Seafood, says he will have to raise prices if the water where he harvests oysters gets over-run by the coming tide of oil.
BP should be allowed to contain the massive oil spill and head the cleanup operation in the Gulf of Mexico, a leading energy expert told CNBC Monday.
High winds and rising surf are forcing the oil to shore more quickly and over a wider space. Florida has declared a disaster area, and there is little doubt that it will affect Mississippi and Alabama, too
Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.
"It's a long road to achieve the goal," Energy Secretary Chu said. "It will take many decades and you have to have something to replace them. We are working now on getting that done and getting alternative energy sources."
A recovering economy and tightening supply from oil refiners will push the price of crude up to $100 a barrel as the US driving season gets into full swing, John Kilduff, co-CIO of Round Earth Capital, told CNBC Tuesday.
President Obama’s recent public support of clean coal and his waning interest in cap-and-trade legislation may not be enough to save the American coal industry from a perfect storm of competitive technology, stricter regulation and growing obsolescence.
With so many consumers reaching for their phones to make a donation to help victims of the earthquake in Haiti, the response could be seen as a small breakthrough for the use of mobile payments.
Corporate donations to the relief effort in Haiti now total more than $106 million according to the U.S. Chamber of Commerce, surpassing the $100 million in aid initially pledged by the U.S. government.
One week after the earthquake in Haiti, donations to the relief effort have surged past $210 million, according to the latest tally by the Chronicle of Philanthropy. That puts the pace of giving well ahead of the effort following the 2004 Asian Tsunami, but behind the $457 million raised in the week following Hurricane Katrina.
Major companies continued to pour support into the Haiti relief effort following last Tuesday's devastating earthquake, and the US Chamber of Commerce said corporate aid pledges had already exceeded $16 million by 11 am Eastern.
Celebrities are tapping into the power of social media to drive donations to help the three million people in Haiti that are desperately in need of aid.
The US must address climate change in an international context, not just from a domestic lens, Caterpillar CEO Jim Owens told CNBC.
As the holiday season fast approaches, food seems to be on everyone's minds. But does food also whet the investor's appetite?
Target and CVS are the latest retailers giving discount incentives to customers who bring in their own reusable bags instead of using the store's plastic bags.
BP Capital Management Founder and Chairman T. Boone Pickens said he continues to expect oil prices will spike when the global economy picks up and spurs greater demand for oil.
The Mountaineer Power Plant in West Virginia has become the world’s first coal-fired power plant to capture some of the carbon dioxide it churns out and store it in the ground.
The first carbon neutral house on the East Coast, located in McLean, Va., is opening its doors on Oct. 10. The Green House, as it’s been named, uses approximately 70 to 80 percent less energy per square foot than a comparable new house.
Plus, a play on the oil drillers.
Warren Buffett's retreat from "volatile" catastrophic property damage reinsurance gets a spotlight in today's (Monday) Wall Street Journal.