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☆ Stocks making the biggest moves premarket: Chemours, Intel, BP and more
▼ + stars: | 2024-07-09 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Nvidia — Shares rose more than 1% after KeyBanc hiked its price target on the chipmaker to $180, implying upside of more than 40% from Monday's close. "Despite the impending launch of Blackwell in 2H24, we are not seeing any signs of a demand pause as demand for H100 remains robust," KeyBanc said. BP — The oil and gas giant's U.S.-listed shares fell more than 4% after the company warned it expects to report an impairment of up to $2 billion. Tempus AI — Shares popped nearly 4% after several Wall Street banks initiated coverage of the health-care diagnostics company with buy or overweight ratings. Helen of Troy — Shares of the Hydro Flask and Oxo parent fell more than 25% after a big earnings miss.

Persons: KeyBanc, Helen of Troy —, FactSet, —, Fred Imbert, Michelle Fox Theobald Organizations: UBS, Nvidia, Blackwell, BP, Nasdaq, Intel, Hydro Locations: Monday's, 2H24, U.S

☆ We're buying more shares of this industrial company with data center and health-care exposure
▼ + stars: | 2024-06-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Dover shares hit a rough patch this week, falling alongside many other industrials on concerns about the health of manufacturing after the release of soft PMI numbers Monday. Dover makes thermal connectors used in the liquid cooling of data centers, a process growing in popularity due to AI. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, DOV, Jim Cramer, Jim Organizations: Dover, Federal, CNBC Locations: Dover, Illinois

☆ We're buying more of our newest position and a health-care stock we have battled
▼ + stars: | 2024-05-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We are buying 75 shares of Dover at roughly $181.64 and 75 shares of GE Healthcare at roughly $78.31. We're also nibbling on more GE Healthcare. We also bought GE Healthcare on May 8. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, DOV, We're, Jay Saccaro, GEHC, Jim Cramer, Jim Organizations: Dover, GE Healthcare, GEHC, Club, Systems, GE, CNBC, Midland Manufacturing Locations: Dover, China

☆ We're initiating a position in a turnaround stock and buying more of another name
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Shortly after the opening bell, we will initiate a position in Dover by buying 100 shares at roughly $184.20. Meanwhile, total revenue was up 1% — the first positive growth since the first quarter of last year — to $2.09 billion, ahead of the expected $2.03 billion. That business posted 9.2% organic growth and total revenues of $543 million, far above the expected $495 million. Another standout business was pumps and process solutions, which had 4.5% organic growth and total revenue of $466 million, beating the expected $441 million consensus estimate. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, DOV, We'll, Jim Cramer, Jim Organizations: DuPont, Dupont, Management, Dover, Citi, CNBC Locations: Dover

☆ We're in the era of heat pumps — a market that experts say is 'set to skyrocket'
▼ + stars: | 2024-05-21 | by ( Pia Singh | ) www.cnbc.com time to read: +10 min

This old technology getting some fresh attention is a trend investors may not want to miss: Heat pumps. Heat pumps provide both air conditioning and heat — all in one device. Heat pumps could play a viable role in this regard," Muhedini said in a research note last week. The DOE also runs a Residential Cold Climate Heat Pump Technology Challenge , which is partnered with Trane, Carrier, and Johnson Controls, among other leading heat pump makers. In the chemicals sector, companies that produce more eco-friendly refrigerants for heat pumps could one day reap the benefits of recent legislation in the U.S. that will ban next year the production of heat pumps that use refrigerants with high levels of global warming potential.

Persons: hasn't, They're, William Thompson, Amantia, Muhedini, Thompson, Johnson, Jefferies, Stephen Volkmann, Trane, Andrew Kaplowitz, Deane Dray, Dray, Lennox, Owens, It's, they've, Nestle Organizations: UBS, McKinsey, Barclays, United Nations, UN, International Energy Agency, Johnson Controls, Carrier, Solutions, Citi, Wednesday, U.S . Department, DOE, Trane, RBC Capital, Johnson, Companies, Rockwell Automation, Honeywell International, Arkema, Unilever Locations: industrials, U.S, Paris, Trane, Monday's, Spain, Switzerland

☆ OpenAI gives a shoutout to Nvidia — plus, a new industrial stock joins our watchlist
▼ + stars: | 2024-05-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, it's, OpenAI, Mira Murati, Jensen Huang, We're, Jim's, Estee, Jim, Jim Cramer's Organizations: CNBC, Microsoft, Nvidia, Dover Corp, Clean Energy, Sustainability Technologies, Club, Vision, Bloomberg, Apple Vision, U.S, Jim Cramer's Charitable Locations: Illinois, Dover, U.S, China, Estee Lauder

☆ Six Things to Know About ‘Forever Chemicals’
▼ + stars: | 2024-04-10 | by ( Lisa Friedman | ) www.nytimes.com time to read: 1 min

Almost half the tap water in the United States contains PFAS, a class of chemicals linked to serious health problems. In April the Environmental Protection Agency announced that, for the first time, municipal utilities will have to detect and remove PFAS from drinking water. Here’s what you need to know. What are PFAS? Today there are nearly 15,000 per- and polyfluoroalkyl substances, which collectively go by the acronym PFAS, according to a database maintained by the E.P.A.

Persons: Dupont Organizations: Environmental Protection Agency Locations: United States

☆ Rising temperatures and floods leave cities with hefty bills. Startups are working to help them adapt to climate risks.
▼ + stars: | 2024-03-26 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +10 min

All of this has given rise to climate adaptation, a sector that aims to mitigate against and adapt to the risks associated with climate change. For James Brennan and Navjit Sagoo, two of the scientists behind climate risk analytics startup Climate X, it is imperative that adaption efforts go hand in hand with those working to curb rising temperatures. Indeed, Bank of America analysts predicted the climate adaptation industry would be worth $2 trillion a year by 2026. Climate X made its calculations based on the UN's Intergovernmental Panel on Climate Change's RCP8.5 scenario, which has been deemed to be a "very high" baseline for emissions. Mike Segar/ReutersAll hands on deckThe need for climate adaptation is clear but often overlooked until an extreme weather event occurs, according to Landesman and Chaudhury.

Persons: —, James Brennan, Navjit Sagoo, Abrar Chaudhury, Autarc, Bill Gates, Tucker Landesman, Helge Jørgensen, Mike Segar, Brennan, Sagoo Organizations: Service, Business, Bank of America, Climate, X, Deloitte, University of Oxford's, Business School, New York Times, New, London, Fabian Society, Tech, Breakthrough Energy Ventures, Goldman Sachs, Management, Air, International Institute for Environment, Development Locations: London, New York City, New York, California, Autarc , Massachusetts, Medellin, Colombia, Europe, PitchBook, Mamaroneck, Westchester County , New York, U.S

☆ A California man charged with smuggling greenhouse gases hints at the revival of a decades-long black market
▼ + stars: | 2024-03-09 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

But there's also a blooming black market in greenhouse gases. HFCs are commonly used in refrigerators and air conditioners, but they're also potent greenhouse gases. There's been a thriving black market for climate-altering refrigerant chemicals since the 1990s, at times as lucrative as selling cocaine. KAMIL KRZACZYNSKI/AFP via Getty ImagesThe black market "comes with the territory" of regulation, Doniger said. At the height of the CFC black market, many cars still used those refrigerants for their air conditioners.

Persons: there's, hydrofluorocarbons, they're, Adrees Latif, Michael Hart, Tara McGrath, There's, Hart, Carlo Allegri, David Doniger, HFCs, Avipsa, Victor Molina, KAMIL KRZACZYNSKI, Mahapatra, Doniger Organizations: Service, Department of, Business, Facebook, Department of Justice, Reuters, Natural Resources Defense Council, NASA, Environmental Investigation Agency, Getty, EPA, Department of Homeland Security, Department of Defense, DOJ, US Attorney's, Southern, of, New York Times, CFC Locations: San Diego, Mexico, Port of Miami, Montreal, Elk Grove Village , Illinois, AFP, United States, of California, HFCs, Europe

☆ He’s Accused of Smuggling, but Not Drugs or Guns: It’s Greenhouse Gases
▼ + stars: | 2024-03-05 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

On Monday, a California man became the first in the nation to be arrested and charged with smuggling the powerful gases into the United States, a felony offense, according to the United States Attorney’s Office for the Southern District of California. Mr. Hart then posted the refrigerants for sale on OfferUp, Facebook Marketplace and other sites, and sold them for a profit, federal agents say. Mr. Hart pleaded not guilty. He faces charges of conspiracy, importation contrary to law and sale of merchandise imported contrary to law. Attempts to reach lawyers for Mr. Hart were unsuccessful.

Persons: Michael Hart, Hart Organizations: Craigslist, United States Attorney’s Office, Southern, Southern District of, Facebook Locations: California, United States, United, Southern District, Southern District of California, San Diego, coolants, Mexico

☆ Man charged with smuggling greenhouse gases from Mexico into US in first-of-a-kind prosecution
▼ + stars: | 2024-03-05 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —A California man was arrested and charged Monday with allegedly smuggling potent, planet-heating greenhouse gases from Mexico, marking the first such prosecution in the US, according to a statement from the US Attorney’s Office for the Southern District of California. He is then alleged to have sold them for a profit on sites including Facebook Marketplace and OfferUp. These greenhouse gases are short-lived in the atmosphere, but powerful — some are thousands of times more potent than carbon dioxide in the near-term. “The illegal smuggling of hydrofluorocarbons, a highly potent greenhouse gas, undermines international efforts to combat climate change,” said David M. Uhlmann, the assistant administrator for the EPA’s Office of Enforcement and Compliance Assurance. In 2016, nearly 200 nations including the US agreed to the Kigali Amendment to reduce planet-heating pollution from these greenhouse gases.

Persons: Michael Hart, Hart, Todd Kim, HFCs, ”, David M, Tara McGrath, ” Hart Organizations: CNN, US, Office, Southern, Southern District of, Facebook, Justice Department’s, Natural Resources, Environmental Protection Agency, EPA’s, UN Environment, AC, Department of Justice Locations: California, Mexico, Southern District, Southern District of California, San Diego, United States, Kigali

But industry experts say governments need to offer incentives for companies to bring sustainable AC technologies to market and scale up. Removing humidity requires cooling air to the point at which water vapour becomes a liquid to be drained. This inability to get rid of humidity without first cooling the air makes conventional ACs less efficient. The company's AC prototype uses these materials to dry out air, aiming to produce fewer emissions than traditional ACs. More than 1 billion people living in warm climates still lack access to cooling, according to nonprofit Sustainable Energy for All.

Persons: Pedro Rodriguez, Susana Vera, We've, Lily Riahi, Riahi, Sorin Grama, Grama, Gree, Daikin, Miki Yamanaka, Larissa Gross, UNEP's Riahi, Baolong Wang, Wang, Xavier Moya, Gloria Dickie, Katy Daigle, Simon Jessop, Josie Kao Organizations: Puerta del, REUTERS, Rights, International Energy Agency, United Nations Environment Programme's, Cool Coalition, Massachusetts Institute of Technology, Daikin's Global Environment Center, Sustainable Energy, Tsinghua University, University of Cambridge, Reuters, Thomson Locations: Puerta del Sol, Madrid, Spain, Seville, Europe, Spanish, Beijing, Indonesia, Britain, U.S

☆ Scientists said the ozone hole was recovering. That good news was premature, one study claims
▼ + stars: | 2023-11-21 | by ( Angela Dewan | ) edition.cnn.com time to read: +4 min

But in a new study published Tuesday, some scientists claim it may not be recovering at all, and that the hole may even be expanding. In a paper, published by Nature Communications, they found that ozone levels have reduced by 26% since 2004 at the core of the hole in the Antarctic springtime. They used historical data to compare that behavior and changing ozone levels, and to measure signs of ozone recovery. “Altogether, our findings reveal the recent, large ozone holes may not be caused just by CFCs,” Kessenich said. “Those events have been shown to have strongly decreased the ozone hole size,” he said, “so including those events would probably have nullified any long-term negative trend.”

Persons: ”, Hannah Kessenich, didn’t, ” Kessenich, —, Martin Jucker Organizations: CNN, Nature Communications, University of Otago, University of New, Science Media Center Locations: UN, Montreal, New Zealand, El, Southern, University of New South Wales, Australia

☆ Scientists predicted Earth's ozone hole would balloon in size this year, but now admit their calculations were wildly off the mark
▼ + stars: | 2023-11-01 | by ( Seth Borenstein | Associated Press | ) www.businessinsider.com time to read: +3 min

Scientists predicted that we'd see a huge ozone hole over the Antarctic in 2023. From September to mid-October, the ozone hole this year averaged 8.9 million square miles (23.1 million square kilometers), which is the 16th largest since satellites started tracking in 1979. It peaked this year at 10 million square miles (26 million square kilometers), about the size of North America. The ozone hole and thinning ozone layer has improved a bit thanks to the 1987 Montreal Protocol, when countries in the world agreed to stop producing many of the chemicals that deplete ozone, Newman said. The ozone hole was at its biggest in 2000 at nearly 11.6 million square miles (29.9 million square kilometers), according to NASA data.

Persons: —, Paul Newman, Newman, NASA Goddard Organizations: Service, NASA, National Oceanic, Atmospheric Administration, Goddard Flight, YouTube Locations: Tonga, North America, South America, Montreal

Instead this year’s ozone hole was about average size for the last 20 years, even a bit smaller than 2022’s, according to NASA and the National Oceanic and Atmospheric Administration. From September to mid October, the ozone hole this year averaged 8.9 million square miles (23.1 million square kilometers), which is the 16th largest since satellites started tracking in 1979. It peaked this year at 10 million square miles (26 million square kilometers), about the size of North America. The ozone hole and thinning ozone layer has improved a bit thanks to the 1987 Montreal Protocol, when countries in the world agreed to stop producing many of the chemicals that deplete ozone, Newman said. The ozone hole was at its biggest in 2000 at nearly 11.6 million square miles (29.9 million square kilometers), according to NASA data.

Persons: ”, Paul Newman, ” Newman, Newman, “, Seth Borenstein Organizations: NASA, National Oceanic, Atmospheric Administration, Goddard Flight, Twitter, AP Locations: North America, South America, Tonga, Montreal

(AP) — The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. “Today, EPA is taking a major step to protect people from exposure to this cancer-causing chemical.”Massachusetts Sen. Edward Markey, who has led the effort to ban TCE, welcomed the move. Political Cartoons View All 1215 Images“With this rule, we can see a future where we will no longer be manufacturing, processing and distributing a chemical known to be deadly,” Markey said. The chemical presents an “unreasonable risk of injury to health or the environment” in 52 of 54 uses in industrial and consumer products, the EPA has found. The 2016 law required the EPA to evaluate chemicals and put in place protections against unreasonable risks.

Persons: TCE, Michal Freedhoff, Massachusetts Sen, Edward Markey, ” Markey, “, Anne Anderson, Jimmy, Anne, ” Anderson, Frank, Matthew Daly Organizations: Environmental Protection Agency, of Chemical Safety, “, EPA, Woburn, Andersons, Chemical, Press Locations: WOBURN, Mass, U.S, United States, Massachusetts, Woburn ., America, Woburn, Washington

The Global Cooling Pledge – set to be announced at the upcoming United Nations climate summit, COP28 – represents a tough request given the cooling industry is only expected to grow. The emissions from both the refrigerants and the energy used in cooling now account for about 7% of global greenhouse gas emissions, and are expected to triple by 2050 as temperatures continue to rise. "We need cooling, but it has to become more efficient," UNEP Cool Coalition global coordinator Lily Riahi said. Another 13 commitments outlined in the draft pledge include establishing minimum energy performance standards for air conditioning by 2030, and including cooling emissions in countries' overall climate action plans, called Nationally Determined Contributions. The UNEP estimates that global efforts to tackle cooling emissions could have a significant impact by 2050, avoiding the release of up to 86 billion metric tonnes of carbon dioxide equivalent.

Persons: Tyrone Siu, –, Noah Horowitz, Lily Riahi, Gloria Dickie, Katy Daigle, Alexandra Hudson Organizations: China Import, Export Fair, Canton Fair, REUTERS, Reuters, United, Programme's, Cool Coalition, International Energy Agency, UNEP, Coalition, Alexandra Hudson Our, Thomson Locations: Canton, Guangzhou, China, India, United States, Nations, United Arab Emirates, Kigali, Montreal, Dubai, London

Refrigerants used in fridges, freezers and cars change from a fluid to a gas to transport heat away from the place you want cooled. In refrigerators, the refrigerant starts as a liquid and expands into a gas, which forces it to cool down. The refrigerant then flows through condenser coils where it releases its heat out and cools back into a liquid. The cycle starts over when the refrigerant enters the expansion device, where the fluid spreads out, cools, and once again turns into a gas. Methane, the second most important greenhouse gas after carbon dioxide is 28, or 28 times worse.

Persons: hasn’t Organizations: Environmental Protection Agency, EPA, AP Locations: fridges, Phoenix , Arizona, Dubai, Montreal, Kigali, United States

They're “the most potent greenhouse gases known to modern science,” as one research paper put it and they're growing fast. With the Environmental Protection Agency required to phase out one family of the chemicals 85% by 2036, the push is on to develop and spread cleaner alternatives. With more than 200 million gasoline cars in the U.S. alone, Groll said that amounts to approximately 100 million pounds of refrigerant leaking out into the atmosphere each year. The need to minimize refrigerant leaks has spurred a reuse and reclamation industry. ___Associated Press climate and environmental coverage receives support from several private foundations.

Persons: Jennifer Byrne, Byrne, ” Byrne, Eckhard Groll, Groll, Danielle Wright, “, let’s, ” Wright, Mike Armstrong, ”, Anthony Nash, ” Armstrong, Christopher Cappa, Davis, ” Cappa, Wright, Jarad Mason, Mason Organizations: PHILADELPHIA, Environmental Protection Agency, Purdue University, Supermarkets, Gas, University of California, Trane Technologies, Harvard University, AP Locations: West Philadelphia, U.S, Dallas , Texas, Toledo , Ohio, Punta Gorda , Florida, Americas, refrigerants

Lawmakers have sent him bills aiming to reduce greenhouse gas emissions from buildings, help schools adapt to the changing climate and ease the cost to taxpayers for the cleanup of orphan oil and gas wells. Newsom said he would sign a bill requiring companies making more than $1 billion in annual revenue to disclose a wide range of greenhouse gas emissions. BUILDING EMISSIONSLawmakers sent a bill to Newsom’s desk requiring state regulators to find an approach to reduce planet-warming emissions from buildings. The sector makes up about a quarter of California's greenhouse gas emissions, the state estimates. Another bill requiring the California Energy Commission to create a plan to help schools adapt to climate change effects reached Newsom's desk this year.

Persons: Gavin Newsom, Newsom, ”, Ann Alexander, Alexander, Sen, Lena A, Gonzalez, didn't, ___ Sophie Austin, @sophieadanna Organizations: —, Lawmakers, United, Natural Resources Defense Council, California Department of Conservation, Western States Petroleum Association, U.S . Energy Information Administration, California Energy Commission, Assembly, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, — California, United Nations, New York, In California, California, Los Angeles County

☆ Governors, Biden administration push to quadruple efficient heating, AC units by 2030
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: +5 min

Climate Alliance and the Biden administration are expected to announce a pledge Thursday to quadruple the number of heat pumps in U.S. homes by 2030, from 4.7 million to 20 million. Heat pumps use little electricity, yet are able to heat and cool buildings. Buildings account for more than 30% of global greenhouse gas emissions. The pledge on heat pumps is a collection of state initiatives to work toward the goal of ramping down emissions to zero by 2050. Alliance governors have pledged to collectively reduce their greenhouse gas emissions by at least 26% by 2025 and at least 50% by 2030, compared to 2005 emission levels.

Persons: Biden, Washington Governor Jay Inslee, Stephen Porder, Amanda Smith, we've, Janet Mills, Ali Zaidi Zaidi, Kathy Hochul, Alexandra Rempel Organizations: U.S . Climate Alliance, Washington Governor, Brown University, U.S, Heat, International Energy Agency, New, University of Oregon Locations: Brooklyn, New York City, U.S, Pennsylvania, Providence , Rhode Island, Maine, Washington , New York, California, Paris

Persons: Biden, Jay Inslee, Stephen Porder, ”, Amanda Smith, we’ve, Janet Mills, “, Ali Zaidi Zaidi, Kathy Hochul, Alexandra Rempel Organizations: U.S . Climate Alliance, Washington, Brown University, U.S, Heat, International Energy Agency, “, New, University of Oregon, AP Locations: U.S, Pennsylvania, Providence , Rhode Island, Maine, Washington , New York, California, Paris

☆ Mojave wants to make air conditioning more sustainable. Check out the 12-slide pitch deck it used to raise a $12.5 million seed round.
▼ + stars: | 2023-09-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A startup making air conditioning systems more efficient has just raised a $12.5 million seed round co-led by VC funds At One Ventures and Fifth Wall, which invests in real estate tech. California-based Mojave has developed an air conditioning system that uses 50% less energy and 20% less refrigerant than existing systems, it claims. A heating, ventilation, and air conditioning (HVAC) system's footprint is mainly split between the energy used to control the temperature and what it takes to remove humidity, the research found. The "big breakthrough" was finding a way to cool the desiccant with cool air, Farese said. The startup is tackling the outdoor air system (DOAS) market, which refers to systems that precondition air coming into a building from outside.

Persons: Philip Farese, Farese, DOAS Organizations: One Ventures, Palo Alto Research, PARC, National Renewable Energy Laboratory, Xerox PARC, Xerox Ventures, Starlight Ventures Locations: California, Mojave

☆ Russia's Novatek has developed its own LNG-producing technology
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

Companies Novatek PAO FollowMOSCOW, June 13 (Reuters) - Russian company Novatek (NVTK.MM) said on Tuesday it has developed its own technology to produce large-scale volumes of liquefied natural gas (LNG), a key step in boosting LNG production and raising Russia's global share in the fuel market. The company said it obtained a Russian patent for its proprietary technology called "Arctic Mix" for large-scale natural gas liquefaction using mixed refrigerants. Novatek also said the production process has been developed to implement the company's large-scale projects on gravity-based structures with a production capacity of more than 6 million tonnes per year for one producing line. Russia lacks LNG production technologies following withdrawal of Western companies with their know-how last year over Moscow's actions in Ukraine. "This innovation is an important step towards the localization of liquefaction process trains in alignment with the Company's strategic objective to develop LNG technologies in Russia," Novatek said.

Persons: PAO, Novatek, Vladimir Soldatkin, David Evans Organizations: Thomson Locations: MOSCOW, Russia, Ukraine

☆ Singapore's love affair with air conditioning shows a Catch 22 of climate change
▼ + stars: | 2023-06-09 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

Thankfully, Chee said, his home has five air conditioners – one in each bedroom and a larger unit in the living room. “I drank plenty of water, took cold showers and kept the air conditioning on for the entire weekend. Indeed, in this city, air conditioning has become almost a way of life. But Singapore’s love affair with air conditioning has an enormous cost. Here are some possible solutions 02:39 - Source: CNNBreaking the loopStill, experts say there are ways to break the air conditioning doom-loop.

Persons: Chee Kuan Chew, ” Chee, “, Mo Kio, Chee, Lee Kuan Yew, Edgar Su, Suhaimi Abdullah, Matthias Roth, Roth, Radhika Khosla, ” Khosla, Heng Chye Kiang, Smart, Heng Organizations: CNN, Reuters, Economic, International Energy Agency, Urban, United States Environmental Protection Agency, National University of Singapore, United Nations, Montreal Protocol, Oxford University’s Smith School of Enterprise, Environment, Bloomberg, Getty, Singapore’s National Environment Agency, NEA, ”, National University of Singapore’s School of Design Locations: Singapore, New York City, Japan, United States, ”, Kigali, Montreal, Orchard

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