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ATMORE, Ala. (AP) — Alabama's first-ever use of nitrogen gas for an execution could gain traction among other states and change how the death penalty is carried out in the United States, much like lethal injection did more than 40 years ago, according to experts on capital punishment. Oklahoma and Mississippi already have laws authorizing the use of nitrogen gas for executions, and some other states, including Nebraska, have introduced measures this year to add it as an option. “This is a chapter in a long-running story in the United States,” Sarat said. A majority of states, 29, have either abolished the death penalty or paused executions, and there were just 24 executions carried out in five U.S. states in 2023, according to Washington, D.C.-based Death Penalty Information Center. “More states have abolished the death penalty since 2007 than in any other comparable 17-year period in American history,” Sarat noted.

Persons: — Alabama's, Steve Marshall, Kenneth Eugene Smith, ” Marshall, ”, Steven Harpe, Smith, gurney, John Q, Hamm, ” Hamm, Harpe, Justin Farris, ” Farris, “, Austin Sarat, ” Sarat, Clayton Lockett, Lockett, ” Ryan Kiesel, ” Kiesel, ” ___ Murphy Organizations: Alabama, Amherst College, Washington , D.C, American Civil Liberties Union Locations: Ala, United States, “ Alabama, Alabama, Oklahoma, Mississippi, Nebraska, Europe, U.S, Washington ,, Oklahoma City

☆ The tallest building in the US could be in... Oklahoma
▼ + stars: | 2024-01-25 | by ( Hana R. Alberts | ) www.businessinsider.com time to read: +2 min

Read previewThings are looking up — way up — for Oklahoma City. A California real-estate development firm said it wants to build the tallest tower in the US on an L-shaped plot in the Sooner State capital that currently holds a mundane parking lot. In December, Matteson Capital filed plans for an already eye-popping 1,750-foot-tall building for the site, located in a downtown Oklahoma City neighborhood called Bricktown. The current tallest building in the US is New York City's One World Trade Center, which stands at a patriotic 1,776 feet. AdvertisementDon't get too excited: To build a structure this big in Oklahoma City — where the current tallest building is the 844-foot-tall Devon Tower, home to a regional oil and natural gas company — Matteson will need to get city approval.

Persons: — Organizations: Service, Oklahoma City, Sooner State, Business, Matteson, Trade Center, Oklahoma City —, Oklahoma City Free Press, Free Press Locations: —, California, Sooner, Oklahoma City, Oklahoma, New York, Devon, Bricktown

The execution will be the first attempt to use a new execution method since the 1982 introduction of lethal injection, now the most common execution method in the United States. After he is given a chance to make a final statement, the warden, from another room, will activate the nitrogen gas. Three states — Alabama, Mississippi and Oklahoma — have authorized nitrogen hypoxia as an execution method, but no state has attempted to use the untested method until now. They stabbed her — multiple times.”The state has predicted the nitrogen gas will cause unconsciousness within seconds and death within minutes. Much of what is known about death by nitrogen gas comes from industrial accidents or suicide attempts.

Persons: Kenneth Eugene Smith, Smith, “, ”, Jeff Hood, Elizabeth Sennett, Sennett, gurney, Steve Marshall, Liz Sennett, Smith’s, ” Marshall, Charles Sennett Jr, Smith “, Mama, Robin M, Maher, Philip Nitschke, Nitschke, ” Nitschke, Robert Grass, Charles Sennett, John Forrest Parker Organizations: United States, Supreme, U.S, Prosecutors, WAAY, Circuit, Alabama, Associated Press, Veterinary Medical Association, United Nations Human Rights Locations: MONTGOMERY, Ala, Alabama, United, United States, Mississippi, Oklahoma, Colbert County

☆ HSBC sees limited stock market gains after record-setting rally, tells investors to wait for a better entry point
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The stock market may not go much higher for the rest of 2024, according to HSBC. "We expect to see better entry points once the market re-prices rates expectations." That's compared to market expectations of 140 basis points. "That slowing would likely dampen earnings growth expectations and increase recession probabilities." Tech and consumer discretionary sectors should see the highest earnings growth, according to the firm.

Persons: Stocks, Nicole Inui, Inui, Goldman Sachs Organizations: HSBC, Fed, Tech, Stock, Walmart, CVS Health, Procter & Gamble, Mondelez, Industries, Chevron, Citigroup Locations: Howden

☆ Here are Wednesday's biggest analyst calls: Apple, Netflix, Nvidia, Uber, Tesla, Microsoft, Amazon & more
▼ + stars: | 2024-01-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street: Citi reiterates Chipotle as buy Citi raised its price target on Chipotle to $2,699 per share from $2,292. "We are launching coverage of NKLA with an Outperform rating and a $2 price target." Polestar : On a Road to Nowhere - Initiating Coverage with a target price of $1.15, Underperform." Citi upgrades Sunoco to buy from neutral Citi said the oil and gas company is "compelling." Citi reiterates Microsoft as buy Citi raised its price target on the stock to $470 per share from $432 and said "ramping GenAI should keep growth accelerating."

Persons: Chipotle, Daiwa, Wells, Morgan Stanley, it's, Baird, Nikola, Bernstein, Biogen, Webster, Redburn, Tesla, Apple, Morgan Stanley downgrades PagerDuty, Gordon Haskett downgrades Uber, Gordon Haskett, Oppenheimer, PulteGroup, Wolfe Organizations: Citi, Verizon, Netflix, Amazon, EV, Devices, AMD, UBS, Apple, Uber, Deutsche Bank, Deutsche, Barclays downgrades, Barclays, Microsoft, BMO, HSBC, Stellantis, Entertainment, Nvidia, Wolfe Alpha, Valero, Phillips Locations: H1'24, Nowhere, China

WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from a former business partner of presidential son Hunter Biden who was seeking to overturn his criminal conviction for securities fraud. As is typical, the justices did not comment in leaving in place a federal appeals court ruling that reinstated the fraud conviction of Devon Archer. A lower court judge had earlier set aside a jury verdict that found Archer guilty of fraud and ordered a new trial. It was the second time the Supreme Court denied Archer's appeal. His conviction was overturned later that year before the court of appeals in New York reinstated it in 2020.

Persons: Hunter Biden, Devon Archer, Archer Organizations: WASHINGTON, Oglala Sioux, Biden Locations: Oglala, New York, Ukrainian

☆ I retired and moved to Thailand. It's cheap, and I feel more respected here than in the UK.
▼ + stars: | 2024-01-22 | by ( Rebecca Root | ) www.businessinsider.com time to read: +5 min

The 75-year-old Brit landed on Hua Hin, a beach town south of Bangkok, Thailand. south of Bangkok, Thailand. He spends his days swimming and sun bathing and said medical care is cheaper and faster. Choosing where I wanted to retire abroad was difficultI decided against a care home in the UK for myself. My family's reaction when I said I would retire in Thailand was, "We can't come to see you.

Persons: Jeffrey Ogden, Brit, Hua Hin, —, I've, I'd, I'm, Chiang Mai, didn't Organizations: Service, Sunshine International Locations: Bangkok, Thailand, Watford, United Kingdom, Spain, Caribbean, America, Australia, New Zealand, Vietnam, Indonesia, Malaysia, Asia, Pattaya, Hua

☆ Fire erupts at Russia's Novatek Baltic Sea terminal after explosions heard
▼ + stars: | 2024-01-21 | by ( ) www.cnbc.com time to read: +2 min

SAINT PETERSBURG, RUSSIA - 2022/06/15: Novatek Logo seen on the St. Petersburg International Economic Forum 2022 (SPIEF 2022). (Photo by Maksim Konstantinov/SOPA Images/LightRocket via Getty Images)A fire broke out at a Baltic Sea terminal belonging to Novatek, Russia's largest liquefied natural gas producer, regional officials said on Sunday, amid reports of explosions and Ukrainian drone sightings in the area. "There were no casualties as a result of the fire at the Novatek terminal in the port of Ust-Luga. St. Petersburg-based news outlet Fontanka said at least two drones were spotted in the sky flying towards St. Petersburg before the terminal caught fire. That came a day after an attack on a Russian Baltic Sea oil terminal that Russian officials said was unsuccessful.

Persons: Maksim Konstantinov, Alexander Drozdenko, Drozdenko, Fontanka, Novatek Organizations: St ., Economic, Getty, Leningrad region's, Moscow, Kyiv Locations: SAINT PETERSBURG, RUSSIA, St, St . Petersburg, Novatek, Finland, Ust, Leningrad, Petersburg, Russia, Ukraine, Russia's, Bryansk, Baltic, Russian

☆ Premarket stocks: Buybacks could rebound this earnings season
▼ + stars: | 2024-01-19 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Stock buybacks struggled to recover last year after taking a hit in 2022, even as corporate earnings began to rebound. Investors view buybacks as an indication that a company’s leadership believes its own shares are undervalued and are confident about its future performance. Buybacks also tend to push up share prices due to the added demand. ONEOK, a natural gas company, on Wednesday unveiled a $2 billion share repurchase program. The week’s total for initial claims landed far below economists’ projections for 205,000 initial claims, according to FactSet estimates.

Persons: Stock buybacks, Buybacks, buybacks, “, ”, Howard Silverblatt, Dow, Sundar Pichai, Brian Fung, Pichai, ” Pichai, Read, —, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, Deutsche Bank, Wednesday, Deutsche, Federal Deposit Insurance Corporation, Dow Jones, Google, CNN, of Labor Locations: New York, Lennar, buybacks

☆ Red Sea crisis: Why escalating violence in the Middle East isn’t pushing up gas prices
▼ + stars: | 2024-01-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The prices of a barrel of Brent crude, the global oil benchmark, and West Texas Intermediate, the US oil benchmark, have barely moved. Now, however, analysts say economic factors — weaker demand in countries such as China and Germany, ample oil and gas supply — are superseding concerns about violence in the Middle East. Al Drago/Bloomberg/Getty ImagesGlobal oil demand growth is expected to almost halve this year, the International Energy Agency said in a report Thursday. At the same time, global oil supply is forecast to hit an all-time high, driven by record output from countries including the United States and Canada, the IEA said. Nan said relatively modest demand was also helping to prevent spikes in gas prices.

Persons: Brent, “, Homayoun, “ It’s, ”, Hope, Al Drago, That’s, Falakshahi, Xi Nan, Kpler, Wood Mackenzie, Nan Organizations: London CNN, Hamas, West Texas Intermediate, AAA, CNN, National Bureau of Statistics, Bloomberg, Getty, International Energy Agency, Organization of, Petroleum, Rystad Energy, Gas Infrastructure, LNG “ Locations: Red, Iran, Pakistan, Gaza, Ukraine, China, Germany, South Africa, Washington , DC, United States, Canada, Russia, OPEC, Europe, wean, Gas Infrastructure Europe, Africa, Qatar, United Kingdom

☆ Stocks making the biggest moves after hours: Discover, Alcoa, Talos Energy and more
▼ + stars: | 2024-01-17 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Discover Financial Services — Shares dropped nearly 7% after Discover Financial Services reported fourth-quarter results. The financial services company reported quarterly revenue of $4.20 billion that topped estimates of $4.10 billion, according to analysts polled by LSEG. Alcoa — Shares dropped nearly 3% after the aluminum producer reported fourth-quarter results. Alcoa posted a narrower-than-expected adjusted loss of 56 cents per share, compared to an expected loss of 86 cents per share, according to analysts polled by LSEG. Talos Energy — Shares of the oil and gas company dropped 5% after Talos Energy issued fourth-quarter revenue guidance in the range of $380 million to $395 million, compared to the $393.5 million expected by analysts polled by FactSet.

Persons: Fuller — H.B, Fuller Organizations: Discover Financial, Discover Financial Services, LSEG, Alcoa —, Alcoa, Talos Energy, FactSet, QuarterNorth Energy, Riley Securities Locations: LSEG .

The energy sector is under pressure, but some stocks within the space are poised for an upside breakout. These names are cheap, are expected to rise more than 10% to their average price targets and are trading below where they have been historically. Upside to average price target of more than 10%. The U.S-listed shares, which are trading 5% below their 200-day moving average, have a forward price-to-earnings ratio of 8.6. It's set to surge 26% to its average price target and is trading at a forward P/E of just 7.6.

Persons: Baker Hughes, It's, Bank of America's Christopher Kuplent, Kuplent, underperformed, Murray Auchincloss, Auchincloss, Bernard Looney Organizations: Energy, APA, CNBC, Equinor ASA, Bank of America's, BP Locations: China, Norwegian, U.S, 2Q23

Political Cartoons View All 253 ImagesHood and a correctional officer will be in the execution chamber when the warden activates the nitrogen gas system from an adjoining room. Witnesses, including attorneys, media witnesses and witnesses for the victim, will be watching the execution through windows from other adjoining rooms. Nitrogen gas makes up 78% of the air inhaled by humans and is harmless when inhaled with proper levels of oxygen. But nitrogen gas can become quickly deadly when it displaces adequate levels of oxygen. And the experts agree that nitrogen hypoxia is painless because it causes unconsciousness in seconds," the state argued.

Persons: Jeff Hood, Kenneth Smith, Smith, Hood, “ Smith, Elizabeth Sennett Organizations: The Alabama Department of Corrections, Prosecutors, Alabama Department of Corrections Locations: MONTGOMERY, Ala, Alabama

MONTGOMERY, Ala. (AP) — Attorneys for the first inmate slated to be put to death with nitrogen gas have asked a federal appeals court to block the execution scheduled later this month in Alabama. Kenneth Eugene Smith’s attorneys on Monday asked the 11th U.S. The question of whether Alabama will ultimately be allowed to attempt the nation’s first execution using nitrogen gas could end up before the U.S. Supreme Court. Smith’s attorneys appealed a judge’s Jan. 10 decision to let the execution go forward. The low-oxygen environment could cause nausea leading Smith to choke to death on his own vomit, his attorneys argued.

Persons: Kenneth Eugene Smith’s, Smith, ”, general’s, gurney, Prosecutors, Elizabeth Sennett, John Forrest Parker Organizations: Monday, Circuit, U.S, Supreme, Alabama Supreme Locations: MONTGOMERY, Ala, Alabama, U.S, Mississippi, Oklahoma

☆ Oil slips; investors eye Mideast developments
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: +2 min

Brent crude futures fell 31 cents, or 0.4%, to $77.98 a barrel by 0124 GMT after settling up 1.1% on Friday. The U.S. later said it shot down a missile fired at one of its ships from Houthi militant areas of Yemen. "As the Middle East conflict is currently not affecting oil production, the geopolitical risk premium priced in oil prices now appears modest based on the implied volatility of options," Goldman Sachs analysts said in a note. "While unlikely to materialize in our view, we estimate that oil prices would rise 20% in the first month of a Strait of Hormuz interruption, and may temporarily double in a less likely extended disruption." In Libya, people protesting against perceived corruption threatened to shut down two more oil and gas facilities after shutting the 300,000 barrel-per-day Sharara field on Jan. 7.

Persons: Joe Biden, Goldman Sachs, Martin Luther King Organizations: U.S, . West Texas, British Locations: Yemen, Red, Iran, Gaza, United States, Strait, Hormuz, Libya, U.S

Video posted Monday to X by Al Jazeera showed hundreds of people rushing toward what appeared to be an aid truck in what the news outlet said was Gaza City. The Associated Press could not immediately independently verify the video and it was not clear when the video was filmed. Political Cartoons View All 253 Images“People in Gaza risk dying of hunger just miles from trucks filled with food,” said WFP Executive Director Cindy McCain. Israel blames Hamas for the high death toll, saying its fighters make use of civilian buildings and launch attacks from densely populated urban areas. The U.S., as well as the U.N., have continued to push Israel to ease the flow of aid.

Persons: Israel, Al Jazeera, ”, Cindy McCain, “, Khan Younis, Moshe Tetro, John Kirby, Israel “, “ We’re, Benjamin Netanyahu, ___ Magdy, ___ Organizations: Associated Press, Food Program, UNICEF, World Health Organization, Ministry, Hamas, White, National Security, CBS, ” Locations: RAFAH, Gaza, Israel, Gaza City, Egypt, Ashdod, Rafah, U.S, Cairo, Goldenberg, Tel Aviv, israel

☆ An Uber and Lyft driver took 2 years off to recover from leukemia. He says the pay now isn't enough to get by anymore — and he's ready to find a new gig.
▼ + stars: | 2024-01-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

After driving for Uber and Lyft for eight years, Richard H. was diagnosed with leukemia in the summer of 2021. Thousands of Americans with disabilities or other health issues nationwide are embracing gig work to pay their bills, especially since many are unable to work traditional office roles. Many value gig work, as they can work around medical appointments or recovery days and strategize when to work to maximize their earnings. AdvertisementStill, many gig drivers say their earnings aren't enough to cover basic expenses, with some falling behind on rent or car bills. Advertisement"Once I get a full-time gig, I may not even have to do driving," Richard said.

Persons: Uber, Richard H, Richard, it's, he's, He's, I'm, I'd, —, hasn't Organizations: Service, Business Locations: Phoenix

☆ 2 boomers from Chicago who bought homes in Florida share why they're retiring in the Sunshine State — and what they miss about Illinois
▼ + stars: | 2024-01-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Two boomers who are moving to Florida for retirement say the state meets their retirement goals. The Illinois to Florida move in particular was one of the largest US migration patterns between 2021 and 2022. Daniel Mehalek, 61Daniel Mehalek, 61, lived in the Chicago area his whole life. Compared to Chicago, he's paying more on flood, homeowner's, and car insurance in Florida, though it's offset by the over $15,000 in Illinois state taxes he won't have to pay when he relocates. "Insurance is a challenge right now, but I still feel like that's a better situation overall than being in Illinois and paying the property and state taxes," Ron said.

Persons: boomer, —, It's, hasn't, Daniel Mehalek, He's, Mehalek, I'm, Florida hasn't, Ron, he's Organizations: Service, Sunshine State, Business, Chicago, Fortune, Boeing, Citadel, Caterpillar, Illinois, Sarasota Locations: Florida, New York , California , New Jersey, Georgia, Illinois, The Illinois, Georgia , Texas, North Carolina, Chicago, Burr, California, Bonita Springs, Naples —, Wisconsin, Sarasota, New Jersey, Tampa Bay

☆ Photographs show the dramatic transformation of San Francisco’s salt ponds
▼ + stars: | 2024-01-10 | by ( Nell Lewis | ) edition.cnn.com time to read: +8 min

But these shades are not mixed on a palette, they are unfiltered snapshots of San Francisco Bay’s salt ponds. Barbara BoissevainAlthough perhaps less photogenic, the shift is a positive sign, says Dave Halsing, executive project manager of the South Bay Salt Ponds Restoration Project. Today, Cargill still operates 12,000 acres of salt ponds, capable of crystallizing half a million tons of sea salt each year. She remembers visiting the salt ponds for the first time during a science class in third grade. She started by going up in the air once a year to photograph the salt ponds.

Persons: CNN — Barbara Boissevain’s, Mark Rothko, Dunaliella, Barbara Boissevain, Dave Halsing, ”, Boissevain, “, David Maisel Organizations: CNN, Cargill, Menlo Park, Meta, Facebook, Kehrer Verlag, San Jose State University Locations: Francisco, Salt, Manhattan, Dunaliella salina, Silicon, Menlo, Ravenswood Ponds

☆ These stocks will be the biggest S&P 500 winners of 2024, according to analysts
▼ + stars: | 2024-01-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Using the CNBC Pro Stock Screener Tool , we looked for S & P 500 stocks that analysts project will have the best performance in 2024 according to their consensus price targets. Halliburton's stock price dipped 8.1% last year, while shares of Marathon Oil similarly went down, losing 10.9%. Analysts' consensus price targets on both stocks indicate more than 34% upside over the next 12 months from Friday's close. Their average price targets suggest shares of Delta Air Lines and United Airlines Holdings have upside of more than 31% and 42%, respectively. Analysts have a consensus price targets of $95.20 on the stock, suggesting shares could gain roughly 28% this year, adding to its 18.3% gains in 2023.

Persons: Stocks, Morgan Stanley, Raymond James, Cowen's, Helane Becker, Becker, Bernstein, Stacy Rasgon Organizations: Nvidia, Warner Bros, CNBC, Halliburton, Marathon Oil, Analysts, UBS, Airlines, Delta Air Lines, United Airlines Holdings, American Express, . Insurance, Arch, Evercore ISI, Arch Capital, Discovery, Moderna Locations: Friday's

☆ Inflation has created a dark cloud over how everyday Americans view the economy
▼ + stars: | 2023-12-25 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

There's rising hope that monetary policymakers have successfully cooled inflation without tipping the economy into a recession. Yet closely watched survey data from the University of Michigan shows consumer sentiment, while improving, is a far cry from pre-pandemic levels. Inflation vs. the job marketContinued strength in the labor market is something economists expected to sweeten everyday Americans' views of the economy. While the Michigan index compiles questions focused on financial conditions and purchasing power, the Conference Board's more closely gauges one's feelings about the job market. A hot job market can be a double-edged sword for sentiment, Michigan's Hsu noted.

Persons: Scott Olson, Kyle Connolly, Connolly, she's, Joanne Hsu, we're, Hsu, That's, Camelia, Kuhnen, Michigan's Hsu, UNC's Kuhnen, Karen Dynan, Marissa Lyda, Lyda, She's, there's, There's, Harvard's, Dynan, Jerome Powell, Kevin Lamarque Organizations: Toyota, Facebook, Federal Reserve, University of Michigan, Bureau of Labor Statistics, Labor Department, Conference, University of North, U.S . Treasury Department, Walmart, Federal, Committee Locations: Chicago , Illinois, Florida's panhandle, Michigan, University of North Carolina, Harvard, Phoenix, Portland, Kroger, Washington , U.S

☆ The Biden administration unveiled its hydrogen tax credit proposal, estimated to deliver $140 billion in revenue and 700,000 jobs by 2030
▼ + stars: | 2023-12-22 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Officials estimate the hydrogen production credits can deliver $140 billion and 700,000 jobs by 2030. Administration officials estimate the hydrogen production credits will deliver $140 billion in revenue and 700,000 jobs by 2030 — and help the US produce 50 million metric tons of hydrogen by 2050. Firms that produce hydrogen using fossil fuels get less. The Fuel Cell & Hydrogen Energy Association includes more than 100 members involved in hydrogen production, distribution and use, including vehicle manufacturers, industrial gas companies, renewable developers and nuclear plant operators. Some of the money will flow to regional networks, or "hubs," of hydrogen producers, consumers and infrastructure that the Biden administration is also trying to kickstart with a $7 billion program.

Persons: —, Biden, Jesse Jenkins, David M, Turk, Joe Biden, Elizabeth Flores, Rachel Fakhry, Marty Durbin, Frank Wolak, Wolak, Chuck Schmitt, Jennifer M, Granholm Organizations: Biden, Service, Princeton University, Energy, Cummins, Generation, Star Tribune, Getty, Natural Resources Defense Council, US Chamber, Department of Energy, Fuel Cell, Hydrogen Energy Association, SSAB, AP Locations: Fridley , Minnesota, United States, SSAB Americas, American, Pennsylvania, California

COP28 president Sultan Ahmed Al Jaber speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo on December 1, 2023. "We delivered world first after world first," the UAE summit presidency said in a further social media update. And we have language on fossil fuels in our final agreement." Many believed the COP28 summit could only be considered a success if it resulted in a deal to phase out all fossil fuels. COP28 President Sultan al-Jaber sparked a backlash earlier this month after he claimed there is "no science" behind calls for a phase-out of fossil fuels.

Persons: Sultan Ahmed Al Jaber, Ludovic Marin, Licypriya Kangujam, Sean Gallup, Wopke Hoekstra, Alok Sharma, Sharma, CNBC's, Simon Stiell, We're, John Kerry, Selma de Montgomery, Avinash Persaud, Mikhail Gitarskiy, Sultan al, Jaber, he'd, Al Organizations: Food Systems, Dubai Expo, Afp, Getty Images, UAE Consensus, UAE, United Arab Emirates, Getty, Russian, BBC, Abu, Abu Dhabi National Oil Co Locations: Dubai, UAE, United Arab, United Arab Emirates, Pacific, Caribbean, Latin America, Africa, Asia, North America, Paris, United States, China, Denmark, Barbados, Moscow, Abu Dhabi

So far, Woods' plans have turned investors demanding an energy transition strategy into believers - at least on climate. At the same time, the company plans to have a leading role in the vehicle electrification business. Reuters GraphicsMORE OIL VS GREEN AMBITIONExxon's ambitious agenda includes starting up the world's largest hydrogen power plant by 2027. RISKY BUSINESSThe $17 billion budget for low carbon technologies as the company's total revenue grows next year "will continue to rise", the CEO said. Spending in low carbon currently is constrained by scarcity of customers willing to sign up for contracts and insufficient regulations, Woods said.

Persons: Darren Woods, Carlos Barria, Woods, ”, Paul Sankey, Sankey, Chris James, Dan Ammann, Goldman Sachs, Neil Mehta, Ammann, Brian Weeks, Chris Bohn, Sabrina Valle, Richard Valdmanis, Gary McWilliams, Anna Driver Organizations: ExxonMobil, Economic Cooperation, REUTERS, Exxon Mobil, Natural Resources, Chevron, Reuters, Exxon, Sankey Research, Carbon Solutions, Thomson Locations: Asia, San Francisco , California, U.S, United States, Sankey, Americas, Brazil, Guyana, Texas, Gulf of Mexico, Houston, Dubai

☆ Activists protest against fossil fuel industry at COP28 climate summit
▼ + stars: | 2023-12-05 | by ( Alexander Cornwell | ) www.reuters.com time to read: +3 min

[1/2] Climate activists protest against fossil fuel emitters, demanding action and more contributions to the Loss and Damage Fund, during the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates, December 5, 2023. Chiponda argued that language calling for the phase-out of "unabated" fossil fuels was merely a distraction that would allow for their continued use. Governments at COP26 agreed to phase down the use of unabated coal, the most polluting of fossil fuels. This year, countries remain split over what role fossil fuels should play in the future. Jaber has made a point of including the fossil fuel industry at the summit, insisting that oil and gas companies should be part of discussions on tackling climate change.

Persons: Amr Alfiky, Lorraine Chiponda, Chiponda, Sultan Al Jaber, Jaber, Thomas Joseph, Jainno Congon, Alexander Cornwell, Katy Daigle Organizations: Damage, United Nations, United Arab Emirates, REUTERS, Rights, United, COP26, Reuters, Thomson Locations: Dubai, United Arab, COP28, Glasgow, Paris, United Arab Emirates, UAE, California

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