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☆ The world’s future energy wars will be fought under the sea
▼ + stars: | 2024-06-26 | by ( Angela Dewan | ) edition.cnn.com time to read: +12 min

The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.

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☆ Wells Fargo has cleared 6 regulatory hurdles since Charlie Scharf took over as CEO in 2019. Here’s how shares reacted to each
▼ + stars: | 2024-03-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. Wells Fargo stock gained 59% for all of 2021 compared with the KWB's 36% rise. Jan. 5, 2021: During the same year, Wells Fargo announced that an OCC consent order from 2015 had been terminated. Wells Fargo shares plunged nearly 44% in 2020, which were the early days of the Covid pandemic. Wells Fargo bank signs in New Brighton, Minnesota.

Persons: Charlie Scharf, Wells, Morgan Stanley, they've, Scott Siefers, Piper Sandler, we're, Scharf, Wells Fargo, Jeff Marks, Marks, Jan, Jim Cramer's, Jim Cramer, Jim, Michael Siluk Organizations: Management, CNBC, Federal Reserve, Currency, JPMorgan Chase, Bank of America, KBW, Club, OCC, Wells, Financial Protection Bureau, Silicon Valley Bank, Wells Fargo, UCG, Getty Locations: Wells Fargo, Wells, Silicon, New Brighton , Minnesota

☆ Home Depot broke labor law by firing an employee with ‘BLM’ on apron, NLRB rules
▼ + stars: | 2024-02-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —The National Labor Relations Board on Wednesday ruled that Home Depot violated the law by firing an employee after he refused to remove “BLM” (which stand for “Black Lives Matter”) messaging from his work apron. The NLRB ruled that Morales’ refusal to remove the messaging was a “protected concerted activity” to protest the racial injustice that took place at the store from August 2020 to February 2021. The Board’s reasoning flips rulings from lower NLRB judges on BLM messaging on employee uniforms in Home Depot and Whole Foods. A change in messagingThe decision by the Labor Board overturned a ruling by an NLRB administrative law judge in 2022. A decision by an administrative law judge can be appealed to the Board, made up of five members.

Persons: George Floyd’s, Floyd –, Antonio Morales, Morales, ”, Paul Bogas, ” Bogas, Ariel Sotolongo, Risa Lieberwitz Organizations: New, New York CNN, National Labor Relations Board, BLM, NLRB, ” Workers, National Labor Relations, Foods, Depot, Labor, Cornell University School of Industrial and Labor Relations, Appeals, First Circuit Locations: New York, United States, New Brighton , Minnesota, Minneapolis

☆ Private payrolls rose 89,000 in September, much fewer than expected, ADP says
▼ + stars: | 2023-10-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Private payroll growth tailed off sharply in September, according to an ADP report Wednesday that provides a counterweight to other signs that the labor market is still running strong. The payroll processing firm said job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from economists polled by Dow Jones. Economists estimate non-farm payrolls increased by 170,000 in September, down from a 187,000 increase in August, according to Dow Jones. The report comes a day after the Labor Department said job openings unexpectedly rose sharply in August. ADP said job growth was strongest at companies with fewer than 50 employees, a sector that added 95,000 positions.

Persons: Dow Jones, Job, Nela Richardson Organizations: Federal Reserve, ADP, Labor Department, Labor Locations: New Brighton , Minnesota

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☆ UK sets out energy plans, critics bemoan lack of clean tech boost
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

[1/2] A survey vessel sails past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain, January 23, 2023. REUTERS/Phil NobleLONDON, March 30 (Reuters) - Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector. Energy security minister Grant Shapps said the 1,000 pages of documents published on Thursday were focused on energy security, a major focus since the war in Ukraine. There were also further details on a raft of previously announced schemes such as funding for offshore wind, carbon capture, speeding up planning processes for solar and offshore wind projects, rolling out more electric vehicle charging points and encouraging heat pumps in homes. Environmental campaign group Greenpeace said the government's energy plans were not going far or fast enough to tackle climate change.

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