Barack Obama promised an overhaul of coal mining on public lands during his final Sate of the Union address, delivering a major blow to the ailing industry. [The Guardian] The solar industry added 35,000 jobs in 2015, up 20% from the previous year, according to the Solar Foundation, a nonprofit in Washington D.C. [CNN Money]… Keep reading →
The end of diplomatic relations between the Persian Gulf’s two major powers following the execution of prominent Shiite cleric Nimr Baqir al-Nimr and forty-six others on terrorist charges lead to a fall in oil prices on Monday. Analysts had expected prices to increase as OPEC became embroiled in a sharp division between two of its… Keep reading →
If 2015 was defined by falling commodity prices, 2016 may simply be defined by continuing lows.
Oil prices plunged again on Wednesday by more than 5 percent as investors paid more attention to signs that global stockpiles are growing than to increasing instability in the Middle East and North Africa. [The NY Times] The New York Stock Exchange announced Wednesday afternoon it would begin proceedings to delist Oklahoma City-based SandRidge Energy,… Keep reading →
The single biggest contributor to climate change in California is a blown-out natural gas well more than 8,700ft underground, state authorities and campaign groups have stated. [The Guardian] A new report from Oklahoma’s energy industry is highlighting more bad news resulting from the slide in oil and natural gas prices. [KOCO] A new study says… Keep reading →
John Manley, chief equity strategist at Wells Fargo Funds Management has stated his confidence in energy investment growth for 2016. [CNBC] MIT researchers have developed a simple procedure for making a promising type of solar cell using lead recovered from discarded lead-acid car batteries. [MIT News] The French oil and gas multinational Total has been… Keep reading →
With a unanimous City Council vote, San Diego, has become the largest American municipality to transition to using 100 percent renewable energy. [The NY Times] Congressional negotiators scrambled to bridge energy policy differences and strike a deal for a $1.15 trillion spending bill. [Yahoo News] Even after a steady drop in energy prices through the… Keep reading →
Crude oil rebounded Monday afternoon after dipping below $35 a barrel for the first time since 2009, a concerning statistic for those in Canada, where thousands of oil-related jobs have already been lost. [CNBC] The head of Europe’s coal lobby has said that his industry will be “hated and vilified in the same way that… Keep reading →
Energy companies, such as Irving Oil, have responded to the latest slump in the oil price by selling approximately $318 billion of assets such as storage facilities, pipelines and fuel terminals. [WSJ] Energy companies climbed after being beaten down over the past several days, with markets rising on Thursday. [U.S. News/AP] Toshiba, the technology company… Keep reading →
Some of the world’s largest companies — and brands — announced their commitment on Tuesday to cutting carbon emissions and participating in practices that would support sustainable energy. [The NY Times] Asian stock markets were uneven Wednesday as commodity prices languished in a sign of uncertainty about world growth prospects. [U.S. News/AP] In the north… Keep reading →
