Environment

These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC New York Gov. Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. For the next two years, unless a proof-of-work mining company uses 100% renewable energy, it
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In this article EDF-FR Follow your favorite stocksCREATE FREE ACCOUNT This image, from Sept. 2022, shows French President Emmanuel Macron speaking with workers on board a boat during a visit to the Saint-Nazaire Offshore Wind Farm. Stephane Mahe | AFP | Getty Images A facility described as “France’s first commercial-scale offshore wind project” is fully
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In this article RNO-FR ENGI-FR Follow your favorite stocksCREATE FREE ACCOUNT A Renault logo photographed in Bavaria, Germany. The French automotive giant says it’s targeting carbon neutrality in Europe by 2040 and globally by 2050. Igor Golovniov/Sopa Images | Lightrocket | Getty Images The Renault Group is working with French utility Engie on the development
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EU energy ministers fail to agree on a cap for natural gas prices. New emergency meeting due in mid-December. Kenzo Tribouillard | Afp | Getty Images BRUSSELS — European energy ministers failed to reach a compromise over a cap on natural gas prices after “heated,” “ugly” and “tough” discussions. The 27 EU leaders agreed in
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Sam Bankman-Fried, co-founder and CEO of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images FTX’s ex-CEO Sam Bankman-Fried blamed his “irrational decisions” on “sh—y” circumstances in a letter obtained by CNBC that was sent to employees of the bankrupt crypto exchange. Bankman-Fried said he “froze up
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Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in trying to settle investors’ nerves after the sudden collapse of FTX. In a note to shareholders on Tuesday, Silbert addressed all the “noise”
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Oil slides Disney ousts Chapek Salesforce growth concerns 1. Oil slides All four of the Club’s energy stocks — Coterra Energy (CTRA), Pioneer Natural Resources (PXD), Halliburton (HAL) and Devon
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Speaking late last month, U.S. President Joe Biden threatened to pursue higher taxes on oil company profits if industry giants do not work to cut gas prices. Brandon Bell | Getty Images Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, saying a lack of transparency over their global
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Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images Sweden’s prosecutor’s office said Friday that an investigation into gas leaks from two underwater pipelines
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