How GE Spinoff Vernova Leveraged AI to Soar in the Stock Market
How GE spinoff Vernova rode the AI trade to the top of the stock market General Electric could not have chosen a better moment to launch its energy businesses as an independent company, CEO Scott Strazik said one month before GE Vernova debuted on the New York Stock Exchange. “Now that’s a big statement,” Strazik […]
Former Google CEO: “AI’s Only Limitation Is Electricity, Not Chips”
Ex-Google CEO: ‘AI’s natural limit is electricity, not chips’ It seems every company under the sun these days is leveraging, investing in, or using AI in some way or another. The value of artificial intelligence—automating repetitive tasks, boosting efficiency, and solving extremely complex problems—has Wall Street salivating. But it’s superintelligence, not AI, that has Silicon […]
How Oil and Gas Companies Counteract Climate Activist Initiatives
How do oil and gas companies foil efforts by climate activists? Photo: © Nicola/stock.adobe.com In recent years, many climate activists have protested against oil and gas companies for their role in exacerbating climate change and more. Recent examples include the ubiquitous “Just Stop Oil” protests, which have shown up from the Louvre Museum to Easter […]
Dutch Environmental Organization Initiates New Climate Lawsuit Against Shell to Halt All Investments in New Oil and Gas Projects
Dutch Environmental Group Launches New Climate Case Against Shell to Stop All Investment in New Oil and Gas Fields The Dutch NGO that won a historic court verdict in 2021 in a pioneering climate lawsuit against the oil major Shell announced on Tuesday that it is launching a new case against the company, with the […]
Expectations of the Oil and Gas Industry from Trump
What the Oil and Gas Industry Expects from Trump The new rules — essentially just a list of items allowed in that five-foot zone — were due two years ago, by January 1, 2023. But the California Natural Resources Agency, which is drafting the rules for the State Board of Forestry and Fire Protection to […]
Windfall Earnings from Oil and Gas Could Fund Climate Initiatives – Eurasia Review
Windfall Profits From Oil And Gas Could Cover Climate Payments – Eurasia Review A central issue at the UN Climate Change Conference, set to start on November 11, will be the negotiations on new payments from industrialized nations to poorer countries. However, the question of whether and how these payments will be financed remains highly […]
UAE Launches Annual Oil and Gas Summit, Promises to Boost Production Despite Declining Prices
The UAE opens its annual oil-and-gas summit, pledging to increase output even as prices have fallen ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates opened its annual oil-and-gas summit on Monday with pledges to increase energy output even as global prices have fallen and world politics remain uncertain ahead of the U.S. […]
Oil and Gas Lobby Generously Backs Trump in Effort to Roll Back Biden’s Climate Regulations
Oil and Gas Lobby Donates Lavishly to Trump, Hoping to Dismantle Biden Climate Rules With the United States oil and gas lobby set to dismantle climate regulations brought in by the Biden administration, a nail-biter of a national election next week will determine whether the U.S. industry moves into a new era of political dominance, […]
Backing Petroleum: bp’s Shift in Strategy Poses Risks for Climate and Investors
Backing Petroleum: bp’s transition U-turn is bad for the climate and investors This week, reports[i] have emerged of bp’s CEO Murray Auchincloss latest U-turn regarding bp’s transition strategy: the company has scrapped its previous relatively ambitious target of reducing oil and gas production by 25% by 2030 (vs 2019). Bp had made some headway towards […]
Kerry Issues Harsh Critique of Climate Action: “Is There a Letter Beyond Z?” | New York
Kerry gives scathing rating on climate action: ‘Is there a letter underneath Z?’ | New York Countries are ignoring commitments they made less than a year ago to shift away from fossil fuels and to provide aid to those most vulnerable to the climate crisis, a host of leading figures have admitted during a gloomy […]