Environment

Just weeks before crypto lender Genesis filed for bankruptcy, three former employees of the company claimed they had secured millions of dollars for a new crypto hedge fund, according to correspondence viewed by CNBC. Matt Ballensweig, who left Genesis in September after more than five years at the firm, sent a message to a prospective

The chief of the world’s largest oil company is worried about global crude supplies. Current market dynamics — such as China’s slowdown and an aviation sector that is still recovering from the Covid-19 pandemic — have kept demand relatively subdued, but that is set to change soon. Saudi Aramco CEO Amin Nasser fears the world

The IEA’s Birol said that prior to Russia’s full-scale invasion of Ukraine on Feb. 24 last year, “Russia was the number one energy exporter to the world.” Natalia Kolesnikova | Afp | Getty Images International Energy Agency (IEA) Executive Director Fatih Birol believes Russia will lose its energy war with the West, saying China and

Climate activist Greta Thunberg speaking on the main stage in George Square as part of the Fridays for Future Scotland march during the Cop26 summit in Glasgow. Picture date: Friday November 5, 2021. Jane Barlow | PA Images | Getty Images Swedish climate activist Greta Thunberg on Thursday became the latest vocal critic of the

DAVOS, Switzerland – Jan. 19, 2023: Keir Starmer, leader of the Labour Party, during a CNBC panel session on day three of the World Economic Forum (WEF). Stefan Wermuth/Bloomberg via Getty Images U.K. opposition Labour Party leader Keir Starmer on Thursday hit out at Prime Minister Rishi Sunak for opting not to attend the World

A Twitter account operated by the Russian Embassy in Sweden on Wednesday posted an image of Europe which identifies Crimea—shown at the lower right—as part of Ukraine. Twitter / Russian Embassy, SWE / Forum Mapping HU. A Twitter account operated by the Russian Embassy in Sweden posted a map identifying Crimea as part of Ukraine.

Pressuring oil companies through higher taxes is counterproductive at a time when global crude demand is set to outstrip supply, the CEO of Saudi Aramco, the world’s largest and most profitable energy company, said during the World Economic Forum in Davos, Switzerland. Asked by CNBC’s Hadley Gamble if a windfall tax on oil profits is

The environmental movement’s stance on nuclear power was “wrong” and derailed the sector’s development, according to the filmmaker Oliver Stone. During an interview with CNBC’s Tania Bryer at the World Economic Forum in Davos, Switzerland, Stone — who’s made a new documentary called “Nuclear Now” — was asked where his passion to tackle the climate

Hungary’s foreign minister strongly criticized the European Union’s sanctions against Russia, arguing they have damaged its members’ economies more than their target’s as well as failing to stop the war in Ukraine. “If we make an assessment, an analysis, about the impact of sanctions, it’s obvious that they have not fulfilled expectations,” Péter Szijjártó told

John Kerry photographed at the World Economic Forum in Davos, Switzerland, on January 17, 2023. Fabrice Coffrini | AFP | Getty Images The world will eventually move to a low-carbon economy, but it may be too late to avoid the worst effects of climate change, according to John Kerry. Speaking at the World Economic Forum

Spanish Prime Minister Pedro Sanchez. Anadolu Agency | Anadolu Agency | Getty Images DAVOS, Switzerland — Spanish Prime Minister Pedro Sanchez told CNBC Monday that the European Union has something to learn from Washington and its new policies to fight inflation, saying he hopes that a trade war between the two sides can be avoided.

On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine. Hannibal Hanschke | Reuters The European Union’s rejection of Russian energy commodities following Moscow’s invasion of Ukraine won’t last forever, Qatar’s Energy Minister said during an

We’re selling 375 shares of Halliburton (HAL) at roughly $42.62 each. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 2,000 shares of HAL, decreasing its weighting in the portfolio to about 2.96% from about 3.5%. Shares of North American-focused oilfield services company Halliburton are rallying — up roughly 4% to their highest levels since

Look back on the best-performing stocks in a given year and you’re likely to see a mixed bag: some mainstays, some breakouts and maybe even a meme stock or two. Not so in 2022. Each of the 10 top-performing stocks in the S&P 500 index belonged to the same sector: energy. In a year in

In this article GOEV FFIE RIDE RIVN FSR LCID TSLA Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout

Natural gas prices jumped Thursday following a multiweek swoon, providing a lift to shares of Club holding Coterra Energy (CTRA), which lately has relied on the commodity for more than half its operating revenues. U.S. natural gas prices rose nearly 4% Thursday to roughly $3.81 per million British thermal units (MMBtu). Coterra shares climbed nearly