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☆ How China's Rising Emissions Could Change Global Climate Politics
▼ + stars: | 2024-11-19 | by ( Brad Plumer | Mira Rojanasakul | ) www.nytimes.com time to read: +7 min

8 6 United States 4 2 European Union 1850 1900 1950 2000 2024 China Emissions per year 10 gigatons CO2-eq. 8 6 United States 4 2 European Union 1850 1900 1950 2000 2024 China Emissions per year 10 gigatons CO2-eq. That’s why historical emissions are often used as a gauge of responsibility for global warming. A question of moneyChina’s historical responsibility for climate change has become a major point of contention in global climate politics. Total historical greenhouse gas emissions Historical emissions per person Gigatons CO2-eq.

Persons: Jones, ” John Podesta, Ding Xuexiang, ”, Gaston Browne of Organizations: United, United States, Carbon, European Union, Union, Indonesia, India, Britain, Canada, Qatar Locations: United States, Europe, China, United Nations, Baku, Azerbaijan, Japan, Canada, Australia, Nations, India, Saudi Arabia, Africa, “, Gaston Browne of Antigua, Barbuda, Russia, Brazil, European Union, Qatar

☆ Inside the Quest to Make Fusion Energy a Reality
▼ + stars: | 2024-11-15 | by ( Raymond Zhong | ) www.nytimes.com time to read: +15 min

The Quest to Build a Star on Earth Start-ups say we’re closer than ever to near-limitless, zero-carbon energy from fusion. Today’s fusion start-ups aren’t just preparing for this moment in the lab. Such advances helped the Lawrence Livermore National Laboratory produce more fusion energy than the energy in the incoming laser beams, for the briefest of moments, in 2022. They also helped European researchers generate record amounts of fusion energy at a facility in Britain last year. What worries researchers is how much some fusion start-ups are promising, and how soon.

Persons: General Atomics, Lawrence, —, Charles Darwin’s, Lord Kelvin, Darwin, Arthur Eddington, Nicolas Tucat, Bill Gates, Jeff Bezos, Vinod Khosla, Sam Altman, Kitty, presale, Gerald Navratil, Navratil, “, it’s, ”, Robert Goldston, you’ve, David James Bartho, Simon Simard, Tony Stark, Robert Downey Jr, Stark, Bob Mumgaard, Mumgaard, Brandon Sorbom, Sorbom, “ We’re, Dr, Earl Marmar, Thea Energy, Salvador Dalí, Cary Forest, Grant Hindsley, Richard Magee, “ It’s, Jean Paul Allain, there’s, Steven Cowley, Cowley, ” David Gates, you’d, Gates, ” Thea, Thea, Eos Organizations: Nuclear Fusion Facility, Lawrence Livermore National Laboratory, Agence France, Princeton University, University of Sydney, Underwood Archives, Getty, Fairfax Media, Commonwealth Fusion Systems, SPARC, The New York Times, ARC, Commonwealth, The New York, Dawn Princeton Plasma Physics, tokamaks, That’s, Massachusetts Institute of Technology, Energy, Thea, Zap Energy, Helion, Microsoft, General Fusion, West, Technologies, Department of, Princeton Plasma Physics Locations: France, Columbia, Princeton, Harwell , England, Britain, Massachusetts, Russian, Commonwealth, Seattle, Vancouver, Southern California

☆ D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products
▼ + stars: | 2024-10-19 | by ( Kenneth Squire | ) www.cnbc.com time to read: +12 min

Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.

Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Meta, Marriott, Starbucks, Roku & more
▼ + stars: | 2024-09-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Stifel initiates Penumbra as buy Stifel said it's bullish on shares of the medical device company. Bank of America reiterates FedEx as buy Bank of America lowered its price target to $345 per share from $347 but said it's bullish heading into earnings next week. " Bank of America reiterates TJX Companies, Burlington and Ross as buy Bank of America said the off-price retailers are best positioned for younger generations. Bank of America reiterates Starbucks as buy The firm said it's standing by shares of the coffee giant. Bank of America reiterates Alphabet, Meta, Amazon and Uber as buy Bank of America said the internet tech companies are the best way for "more defensive positioning."

Persons: Stifel, it's, Bernstein, Apple, Morgan Stanley, Tesla, BTIG, JPMorgan, Wells, Wolfe, Ross, ROST, Goldman Sachs, Goldman, Needham, Uber, William Blair Organizations: PEN, HSBC, KKR, Co, Apple, Bank of America, FedEx, GE Healthcare, UBS, Talen Energy, JPMorgan, Civitas Resources, Micron, MU, Barclays, TJX Companies, BURL, Marriott, Computer, Guggenheim, Sirius XM, " Bank of America, Google, Nvidia, Broadcom Locations: China, Burlington, InfiniBand

☆ Trump and Harris are both fans of solar power. That's good news for these 4 stocks.
▼ + stars: | 2024-09-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

During the recent debate, both Vice President Kamala Harris and former President Donald Trump expressed their support for solar energy. Trump said he was a "big fan" of solar power, and Harris doubled down on her support for clean energy. Trump caveated his support of solar power, saying that solar plants take up "400, 500 acres of desert soil." AdvertisementInvesting in solarFor investors interested in increasing their exposure to solar energy solutions, Baker shares the following 4 investments. These companies provide solar power offerings across the entire renewable energy value chain.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Graeme Baker, Baker, David Bianco, she'll, Biden, He's Organizations: Service, Business, Environment, Big Tech, Microsoft, Green, Deal, Environment Fund

☆ Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
▼ + stars: | 2024-09-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth's surface. Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business. A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted. It's within this context that momentum has been growing over the potential of geologic hydrogen. Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.

Persons: Bill Gates, Jeff Bezos, Pete Johnson, Koloma, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma, Koloma Koloma's Johnson, there's, Johnson, Alex Halada, Geoffrey Ellis, Ellis Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Getty, CNBC, Khosla Ventures, Fund, United Airlines, Breakthrough Energy Ventures, Bridgewater Associates, Rystad Energy, Afp, Energy Resources Program, . Geological Survey Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Denver , Colorado, Canada, Australia, France, Spain, Colombia, South Korea, Russia, Ukraine, Germany

Here are some of the progressive measures Walz has enacted as governor:Child tax creditMany lower-income Minnesota families can access a state child tax credit, which Walz signed into law last year. Free college tuitionLast year, Walz signed a bill into law that made college tuition free for students from Minnesota families who earn less than $80,000 a year. Walz’s executive order directed state agencies to study the effectiveness of the care and investigate any health organization that denied it. The bill also raised the sales tax in the seven-county Twin Cities metropolitan area by 0.25% to create a permanent funding stream for Minnesota housing programs. Voting rights for ex-felonsLast year, Walz signed a bill into law that restored voting rights to more than 55,000 formerly incarcerated people in Minnesota.

Persons: Biden, Tim Walz, Kamala Harris, Joe Biden, Harris, Walz, ”, Roe, Wade, ” Walz, It’s, –, Walz “, Tim ”, Sandra Feist, “ Organizations: CNN, Minnesota Gov, Democratic, Tax Foundation, Free, North, Minnesota, US, Guttmacher Institute, Universal, US Centers for Disease Control, Income Housing Coalition, Twin, Republicans Locations: Minnesota, Iowa, Twin Cities, Minnesota . Minnesota

☆ How Does Your State Make Electricity?
▼ + stars: | 2024-08-02 | by ( Nadja Popovich | ) www.nytimes.com time to read: +58 min

Wind turbines provided just 1 percent of the electricity produced in the state in 2001 and nearly 60 percent last year. How Kentucky made electricity from 2001 to 2023 Percentage of power produced from each energy sourceCoal still generates the majority of the electricity produced in Kentucky, a longtime coal mining state. Since then, virtually all of the electricity produced in the state has come from renewable sources, including hydropower, biomass, wind and solar. It has supplied more than 85 percent of the electricity produced in the state every year for more than two decades. Last year, wind supplied more than a fifth of the electricity produced in the state.

☆ An options trade on an oil giant before earnings with crude on the move higher
▼ + stars: | 2024-08-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Over the past couple of weeks, energy stocks have outperformed as investors have moved away from technology, consumer discretionary and, well, everything else. I'll breaking down my market view and then describe a possible trade on a big energy stock into earnings. Several energy companies, including the three largest US-based integrated oil companies, report earnings this week. Exxon is up slightly this week as oil inches higher on Middle East tensions. XOM YTD mountain Exxon, year-to-date Crude prices and energy stocks are, technically, mixed bags.

Persons: I've, Brent, that's Organizations: Exxon Mobil, Chevron, Exxon, CNBC, NBC UNIVERSAL

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more
▼ + stars: | 2024-05-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "

Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China

☆ Microsoft’s carbon emissions have risen 30% since 2020 due to data center expansion
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Microsoft 's total carbon emissions have risen nearly 30% since 2020 primarily due to the construction of data centers, the company said in its annual sustainability report Wednesday. However, its indirect emissions — those that stem from all other activities Microsoft engages in — increased 30.9% during the same period. The increase in Microsoft's indirect emissions is largely due to the building materials and hardware components, such as semiconductors, servers and racks, used in constructing more data centers. The expansion of data centers poses a challenge to tech companies that have set ambitious timelines to eliminate their carbon footprints. Goldman Sachs expects natural gas to fuel 60% of the increased power demand from data centers, while renewables will power the remaining 40%.

Persons: Goldman Sachs Organizations: Microsoft Times, Microsoft, Dominion Energy, Duke Energy, Brookfield Asset Management, Brookfield Locations: New York City, Swedish

☆ Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers
▼ + stars: | 2024-05-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday. Brookfield will deliver 10.5 gigawatts of renewable energy for Microsoft between 2026 and 2030 in the U.S. and Europe under the agreement. The 10.5 gigawatts of renewable capacity is 3 times larger than the 3.5 gigawatts of electricity consumed by data centers in Northern Virginia, the largest data center market market in the world. A Brookfield spokesperson said the deal would lead to more than $10 billion of investment in renewable energy. The scope of the deal could increase to include additional energy capacity in the U.S. and Europe, as well as Asia, Latin America and India, the companies said.

Persons: Satya Narayana Nadella, Wells Organizations: Microsoft, Brookfield Asset Management, Brookfield, Research Locations: Manhattan, New York City, U.S, Europe, Northern Virginia, Asia, Latin America, India

☆ King Charles is planning to add a solar farm to Sandringham
▼ + stars: | 2024-04-26 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

London CNN —King Charles III is making plans to install around 2,000 solar panels in the grounds of Sandringham Estate, in a sustainability drive that could see the entire country property powered by zero-carbon energy. The new venture, confirmed to CNN by a Sandringham Estate spokesperson, will provide renewable energy to power Sandringham House and the visitors’ center, with any surplus electricity returned to the grid. 06:03 - Source: CNNThe solar panels will be built on a secluded plot of land near Sandringham House, currently used as horse-grazing paddocks. The King’s latest venture follows the installation of a small number of solar panels on the roof of Sandringham House in early 2022. The monarch’s private residence, Highgrove House in Gloucestershire, also has some solar panels in its gardens.

Persons: London CNN — King Charles III, Charles, Highgrove, won’t, ”, Steve Gower, paddocks Organizations: CNN’s Royal, London CNN, Sandringham Estate, CNN, Sandringham House, Norfolk Constabulary Locations: London, Sandringham, Gloucestershire, Dubai

☆ Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American
▼ + stars: | 2024-04-25 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

BHP Group, the world’s largest mining company, has proposed a takeover of its rival Anglo American, in a deal that has the potential to shake up the industry at a time when demand for copper is soaring. BHP said on Thursday that it had approached Anglo with a bid valued at 31.1 billion pounds, or $39 billion, in what would be one of the most significant deals in the industry in years. If successful, the acquisition would create the world’s largest miner of copper at a time of growing global hunger for the metal, which is essential to the green-energy transition. Anglo confirmed that it had received an “unsolicited, nonbinding and highly conditional combination proposal from BHP” and that its board was reviewing the offer with its advisers. In the United States, President Biden’s signature climate and energy law, the Inflation Reduction Act, contains hundreds of billions of dollars in tax credits to help companies switch to low-carbon energy sources.

Organizations: BHP Group, BHP, BHP ” Locations: United States

☆ BP trims down executive team, picks new head of its gas and low carbon energy business
▼ + stars: | 2024-04-18 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm's oil and low carbon energy business. BP said it was simplifying its organizational structure to help "grow the value" of the business. "These changes will help us do just that, reducing complexity within bp, allowing our team to focus on delivering our priorities and growing the value of bp," he added. The energy major said the financial reporting structure of the firm remains unchanged and that it will continue to have three businesses: production and operations, gas and low carbon energy and customers and products — enabled by trading and shipping.

Persons: William Lin, Lin, Isabel Dotzenrath, Emeka Emembolu, Ann Russell, Murray Auchincloss, BP's Organizations: United Kingdom ., IEC, London Locations: Southend, United Kingdom, Leigh

☆ BP's EV charging arm cuts jobs, reduces global ambitions: Reuters
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +2 min

EV charging, however, remains one of BP's key growth engines. The changes at BP Pulse are "a step towards ensuring that we can execute our goals with even greater precision and effectiveness". BP Pulse has also stepped away from several bets it made since launching its energy transition strategy under previous group CEO Bernard Looney in 2020. BP last May also shut down its home EV charging business. The company says it expects returns from its EV charging and convenience stores operations to exceed 15% and create $1.5 billion in earnings before interest, taxes, depreciation, and amortization by 2025.

Persons: Murray, Tesla, Bernard Looney, Auchincloss Organizations: BP, Reuters, EV Locations: United States, Britain, Germany, China

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Delta, Skechers, Apple, Disney, Micron, Citi, Amazon & more
▼ + stars: | 2024-04-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley initiates Compass Pathways at overweight Morgan Stanley said in its initiation of Compass that it's bullish on shares of the mental health biopharma company. Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's standing by its overweight rating on shares of TSM. Morgan Stanley reiterates Delta as a top pick Morgan Stanley said Delta's push into "premium" will reward investors. Bank of America reiterates Micron as buy Bank of America said it sees further share gains for Micron. Morgan Stanley reiterates Planet Fitness as overweight Morgan Stanley said it's standing by its overweight rating on the fitness company.

Persons: Jefferies, Goldman Sachs, Goldman, it's, it's bullish, Hunt, Werner, Robinson, Morgan Stanley, Delta, Wells, Evercore, Bill, Tesla, Oppenheimer, Sweetgreen, Baird downgrades, Baird, Tommy Bahama Organizations: Microsoft, Barclays, Barclays downgrades J.B, J.B, C.H, Taiwan Semiconductor, DAL, " Bank of America, Nvidia, Broadcom, Bank of America, Micron, Devon Energy, Bloom Energy, Energy, Disney, underperform Bank of America, Baird downgrades Fifth, Bancorp, Royal Caribbean, Citi, Citigroup Inc, Royal Caribbean Cruises Ltd, TPG Inc, TPG, TE Connectivity, Chevron Corp, Citi downgrades Oxford Industries Locations: TSM, Wells Fargo, Devon, F1Q, Cincinnati, Royal, Oxford

☆ Here are investor Jenny Harrington's top income plays — and they all yield around 6% or higher
▼ + stars: | 2024-03-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

When income investor Jenny Harrington looks for top dividend stocks, names like Whirlpool come to mind. The home appliance manufacturer not only has a 6% dividend yield, but it has also gotten very cheap, Harrington said. She buys names that have a "reasonably high dividend yield" for her portfolio, which typically generates a 5% dividend yield or better. "We specifically focus on dividend income rather than dividend growth, because the objective of our portfolio is to generate a strong and sustainable income stream for our clients," Harrington said. WHR 1Y mountain Whirlpool's one-year performance She would also like to see the potential for earnings growth in the names she buys.

Persons: Jenny Harrington, Harrington, Jay Brown, Anthony Melone, Ted Miller, William Brown, cyclically Organizations: Whirlpool, Asset Management, Dow Jones U.S, SEC, Investment Management, Crown Castle, Clearway Energy, Clearway, L3Harris Technologies

☆ Zero-carbon energy generated a record 41% of US power in 2023
▼ + stars: | 2024-02-22 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

A record amount of renewable energy, led by solar, was added to the grid. It was the opposite story for wind power. They generated a record 41% of US power in 2023. Rowlands-Rees said that falling gas prices made it the cheapest form of energy in 2023. The power sector, as recently as 2016, was the top emitter.

Persons: BloombergNEF, Tom Rowlands, Rees, BloombergNEF's, Rowlands, —, Biden, Jeannie Salo Organizations: Service, Investments, Business, Companies, Industry, Schneider Electric, Toyota Locations: China, America, Japan, Southeast Asia, Coast, New York, Massachusetts, Georgia, North Carolina, Business

☆ U.S. 'very concerned' about China's dominance as a critical minerals supplier, energy chief says
▼ + stars: | 2024-02-14 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +1 min

U.S. Energy Secretary Jennifer Granholm on Wednesday said the country is "very concerned" about China's grip on the global supply chain for critical minerals. China is the undisputed leader in the critical minerals supply chain, accounting for roughly 60% of the world's production of rare earth minerals and materials. "It's one of the pieces of the supply chain that we're very concerned about in the United States. We do not want to be over reliant on countries whose values we may not share," Granholm told CNBC's Silvia Amaro on Wednesday when asked about China's dominance as a critical minerals supplier. "We know all countries want to ensure that we have a critical stockpile of critical minerals and that we are allowed to diversify the supplies of those stockpiles.

Persons: Jennifer Granholm, Granholm, CNBC's Silvia Amaro Organizations: Energy, Wednesday, International Energy, International Energy Agency Locations: China, United States, Paris, France, U.S, Australia, Canada

☆ The money is there for developing countries to shift to low-carbon energy by 2030: IFC
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe money is there for developing countries to shift to low-carbon energy by 2030: IFCIFC Managing Director Makhtar Diop outlines the private sector investment to carry out the energy transition in developing countries.

Persons: Makhtar Diop Organizations: IFC IFC

☆ Activist Bluebell believes BP is 50% undervalued compared to peers
▼ + stars: | 2024-02-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

The company's segments include gas & low-carbon energy, oil production & operations and customers & products. Its gas business includes upstream activities that produce natural gas, integrated gas and power, and gas trading. Its oil production & operations segment comprises upstream activities that produce crude oil, including Bpx Energy. As of Bluebell's October 4, 2023, letter to BP, BP traded on a price-earnings ratio of 6.7 times, a 44% discount to Chevron and ExxonMobil, which on average traded at 12 times. To make it even clearer how the market views BP's strategy, on February 7, 2023, when BP announced its partial retracement from this strategy, BP's share price rose 8% on the day and 17% on the week.

Persons: Giuseppe Bivona, Marco Taricco, Bivona, –, Helge Lund, Bluebell, BP's, Bernard Looney, Shell, Looney's, Looney, Pamela Daley, Solvay, Glencore, Ken Squire Organizations: BP Bunge, Bpx Energy, Castrol, Bluebell Capital Partners, Bluebell Partners, BP, ExxonMobil, Chevron, Bluebell, International Energy Agency, EV, Exxon, Shell, Mr, Renewables, Power, BP's Board, BlackRock, 13D Locations: bioenergy, Europe, Bluebell, Paris, Bioenergy, United States, U.S

☆ Will guilt-free long-haul flights ever be possible? Here’s what we know
▼ + stars: | 2023-12-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

Sustainable aviation fuel, or SAF, is a type of alternative jet fuel that can curb carbon emissions by up to 80%. The main reason for the slow adoption is that it’s still more expensive – between 1.5 to 6 times pricier than regular jet fuel. Boeing is not out of the race either, but doesn’t see a hydrogen long-haul plane as around the corner. On medium- and long-haul flights, we don’t see it as a direct source of propulsion until 2040. We would need to see magnitude-order changes [in batteries] for us to consider those for long-haul flights.

Persons: ”, Gary Crichlow, Gökçin Çınar, Ryan Faucett, Alexandre Doumenjou, Andreas Schäfer, Britten, “, Artemis, that’s, Boeing’s Faucett, “ You’re, Schäfer Organizations: CNN — Aviation, Boeing, “, Aviation Environment Federation, SAF, Airbus, University of Michigan, CNN, Virgin Atlantic, University College London, Cranfield Aerospace, Norman, Engineers, NASA, Critchlow Locations: London, Bangkok, New York, California, ZeroAvia

☆ BP enters Japan's power retail market
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCompanies Bp Plc FollowTOKYO, Nov 27 (Reuters) - BP (BP.L) said on Monday it has entered Japan's power market after receiving approval from the industry ministry to operate as a retail electricity provider. BP Energy Japan (BPEJ), part of BP's trading and shipping division, will operate the new business, according to the statement. Further details of the company's business plan were not immediately available. Reporting by Yuka Obayashi; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Yuka Obayashi, Janane Organizations: BP, REUTERS, Rights, BP Energy Japan, Thomson Locations: Vancouver , British Columbia, Canada, Japan

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