Texas Power Crisis led to over $1 billion loss for Vistra

Texas Power Crisis led to over $1 billion loss for Vistra

By Christy Gren - Mar 01, 2021

The winter storm that has devastated Texas, leading to power outages, water shortage, and heating troubles, will affect the electricity bills of consumers and suppliers both. Vistr

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Climate Pledges by Countries Way off Target Says UN Report

Climate Pledges by Countries Way off Target Says UN Report

By Anna Domanska - Feb 27, 2021

According to a UN climate action report, climate action plans of countries are “nowhere close” to the expected levels needed to fight global warming. Out of the 75 coun

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Bill Gates' efforts to divest from fossil fuels

Bill Gates' efforts to divest from fossil fuels

By Anna Domanska - Feb 15, 2021

In 2015, Bill Gates in an interview with The Atlantic talked of how disinvestment in fossil fuels by the big-name companies is not going to do much for the climate problem. He said

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Total’s earnings in Q4 improve as oil prices stabilized

Total’s earnings in Q4 improve as oil prices stabilized

By Anna Domanska - Feb 10, 2021

French supermajor Total reported a net loss of $7.2 billion for 2020, down from a profit of $11.27 billion for 2019, in keeping with what all pandemic-stricken oil majors have su

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Amazon announces ‘largest renewable project’ to date

Amazon announces ‘largest renewable project’ to date

By Anna Domanska - Feb 09, 2021

The Amazon-Shell HKN Offshore Wind Project is located 11 miles (18.5 kilometers) off the Dutch coast and covering an area of 125 square kilometers. The offshore wind farm is expect

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Sinan offshore wind farm, world’s largest, to be built in South Korea

Sinan offshore wind farm, world’s largest, to be built in South Korea

By Anna Domanska - Feb 05, 2021

Hornsea, home to Britain’s largest offshore wind farm, may lose its claim to fame soon. A southwestern coastal town of Sinan in South Korea is a step closer to wearing this crown

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Oil prices rise on hopes of big stimulus money

Oil prices rise on hopes of big stimulus money

By Christy Gren - Jan 21, 2021

The crude oil prices showed an upswing with Brentwood going up to $56.08 a barrel and the US West Texas Intermediate crude oil selling at $53.24 a barrel, climbing 26 cents. The Am

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General Electric claims Siemens Energy used stolen theft secrets to win contract bids

General Electric claims Siemens Energy used stolen theft secrets to win contract bids

By Anna Domanska - Jan 15, 2021

General Electric Co. has accused rival Siemens Energy AG of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover imp

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SK Group of South Korea picks up 9.9% stake in Plug Power of US

SK Group of South Korea picks up 9.9% stake in Plug Power of US

By Anna Domanska - Jan 08, 2021

South Korea conglomerate SK Group will invest $1.5 billion in US hydrogen fuel cell maker Plug Power to boost the use of hydrogen as an alternative energy source in Asia.

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