The world’s third-largest container carrier said it’s capping spot rates for ocean freight for the next five months, yielding to pressure from some customers and regulators concerned that global trade Continue Reading
U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo Continue Reading
Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk Continue Reading
California’s grid operator has asked the Biden administration to allow some natural gas power plants to operate without pollution restrictions for 60 days to shore up the state’s tight electricity Continue Reading
The Illinois legislature on Thursday edged closer to approving a deal that would save two Exelon Corp nuclear power plants from closing beginning on Monday after the House speaker announced Continue Reading
Royal Dutch Shell Plc (RDSa.L) , the largest oil producer in the Gulf of Mexico, on Thursday canceled some customer shipments due to damages to offshore facilities from Hurricane Ida, Continue Reading
About seven years ago, Vince Allen barged into the garage he shared with some flatmates in a Sydney suburb and set about trying to shake up the solar industry. He Continue Reading
Airlines warned Thursday of another pandemic-driven hit to profits in the months ahead, as the Delta variant interrupts a rebound in air travel. Major carriers said new travel bookings have slowed in Continue Reading
Heat waves punished the West all summer and, even at the brink of fall, another sweltering blast had moved over the region. The heat was bringing record-setting temperatures in the Continue Reading
The Biden administration announced a goal Thursday of replacing all jet fuel with sustainable alternatives by 2050, setting forth a plan to dramatically boost production of fuels made from waste Continue Reading
