Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
Category: Oil (Petroleum) and Gasoline
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Occidental Is Latest Oil Company to Buy a Smaller Producer
The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and Chevron announced acquisitions.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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Biden Administration Unleashes Powerful Regulatory Tool Aimed at Climate
Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.
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COP28 Climate Summit Begins Against Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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A Tense Climate Summit Begins Against a Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears
American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
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Oil Producers Fail to Agree on More Production Cuts
Oil prices fell after OPEC Plus’s year-end gathering failed to produce substantial cuts in output. But the group said Brazil, an oil giant, was expected to join.
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Emirati Fund to Invest Billions in U.S. Firms for Climate Projects
An Abu Dhabi fund is expected to invest at least $30 billion in climate projects with some of the biggest names in North American finance.
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COP28 Begins With Fossil Fuels, and Frustration, Going Strong
After decades of meetings, nations still haven’t agreed to curb the main driver of global warming.
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The Dilemmas of the U.A.E., a Petrostate, Preparing to Host COP28
Climate activists have balked at the fact that a leading oil producer, the United Arab Emirates, is hosting this year’s U.N. climate talks. But Emirati officials say they, too, are grappling with hard questions.
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In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.