Storage tanks at a Colonial Pipeline Inc. facility in Avenel, New Jersey, on Wednesday, May 12, 2021. Mark Kauzlarich | Bloomberg | Getty Images The recent ransomware attack on Colonial Pipeline was an all too familiar story to businesses across the United States. The pipeline, which supplies fuel to some 50 million people from the
Monty Rakusen | Cultura | Getty Images A project aiming to harness geothermal energy from disused, flooded coal mines in the northeast of England took another step forward this week after it was given planning permission for an initial testing phase. In an announcement Monday, South Tyneside Council said the development would “draw geothermal energy
US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the White House on May 4, 2021. Nicholas Kamm | AFP | Getty Images WASHINGTON — President Joe Biden on Thursday cautioned Americans against the temptation to start “panic buying” fuel in the wake of a
Transportation Secretary Pete Buttigieg said Thursday that the ransomware attack on Colonial Pipeline, the operator of the country’s largest fuel pipeline, has been a “wakeup call” for U.S. cybersecurity vulnerability. Colonial is still struggling with a cybersecurity attack that forced its entire system offline on Friday and triggered widespread fuel shortages across the East Coast.
U.S. President Joe Biden delivers remarks on the COVID-19 response and the ongoing vaccination program at the Eisenhower Executive Office Building on May 12, 2021 in Washington, DC. Drew Angerer | Getty Images WASHINGTON — President Joe Biden signed an executive order Wednesday aimed at strengthening U.S. cybersecurity defenses, a move that follows a series
In this article IBE-ES This image shows one of the wind turbines at the Block Island Wind Farm, located in waters off Rhode Island. Don Emmert | AFP | Getty Images The U.S. offshore wind sector took a major step forward Tuesday after authorities gave the green light for the construction and operation of the
Image showing the Colonial Pipeline Houston Station facility in Pasadena, Texas (East of Houston) taken on May 10, 2021. Francois Picard | AFP | Getty Images If the Colonial Pipeline is not back in business by the weekend, prices could continue to rise at the pump and there will be broader localized fuel shortages across
In this article TAN PBW GBLD Long-term investors don’t need to worry about the cracks forming in the clean energy trade this year, says one market watcher. Popular exchange-traded funds focused on sustainable energy including the Invesco Solar ETF (TAN) and the Invesco WilderHill Clean Energy ETF (PBW) have lost significant momentum this year, down
Cars and trucks are directed into the right lane by two trucks with light-up arrows on interstate 78 with a “Work Zone” sign in the foreground. During a press conference held by PennDOT next to Interstate 78 in Greenwich township Tuesday morning April 27, 2021 where they highlighted the need for safety around work zones
Storage tanks at the Colonial Pipeline Co. Pelham junction and tank farm in Pelham, Alabama, U.S., on Monday, Sept. 19, 2016. Luke Sharrett | Bloomberg | Getty Images The United States’ largest fuel pipeline has been mostly shut since Friday after a cybersecurity attack — and it’s not clear how long the outage will last.
Signage is displayed on a fence at the Colonial Pipeline Co. Pelham junction and tank farm in Pelham, Alabama, U.S., on Monday, Sept. 19, 2016. Luke Sharrett | Bloomberg | Getty Images Fuel prices jumped in trading on Sunday night, as much of one of the largest pipelines in the U.S. remains closed following a
The underbody of an ID.3. electric vehicle being worked on at a Volkswagen facility in Dresden, Germany, on January 29, 2021. Matthias Rietschel | picture alliance | Getty Images The shift to electric vehicles could affect thousands of workers in Germany over the coming years, the Munich-based Ifo Institute said Thursday. The Ifo’s study, which
Miles below the Earth’s surface, there’s a source of renewable energy that could sustain all of humanity for the foreseeable future. Just 0.1% of Earth’s total heat content could meet our energy needs for 2 million years, according to ARPA-E, the government agency that funds R&D efforts for advanced energy technologies. It’s called geothermal energy, and
Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane, butane, and pentanes. Orjan F. Ellingvag | Corbis
This image shows a team of workers installing solar panels on a home in California. adamkaz | E+ | Getty Images More than 231,000 workers were employed by America’s solar industry last year, according to a new report published Thursday, representing a 6.7% decline compared to the year before. Released by the Solar Energy Industries
Bim | E+ | Getty Images The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency. A new report from the Paris-based organization, published Wednesday
In this article MS US President Joe Biden delivers remarks and participates in the virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action from the White House in Washington, DC, on April 23, 2021. Jim Watson | AFP | Getty Images President Joe Biden’s allies in the business community have been
Workers cut up coal carts in Dec. 2019 at a coal mine in Mentougou, west of Beijing, where many mines have been shut as China scrambles to cut carbon emissions. Greg Baker | AFP | Getty Images BEIJING — China’s bond defaults are increasingly concentrated in a part of the country whose growth could face
In this article .SPNY Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up nearly 30%. In an interview Friday with CNBC’s “Trading Nation,” Craig Johnson, senior
Rope access technicians carry out maintenance service on a wind turbine in Izmir, Turkey on February 19, 2021. Mahmut Serdar Alakus | Anadolu Agency | Getty Images The expansion of the wind energy industry could create 3.3 million jobs across the next five years, according to analysis from industry body the Global Wind Energy Council.