Tag: investment

Renewables to get most of $7.7 trillion power investments

Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.  More »

Norway oil spending expected to plunge on costs, political meddling

Oil and gas companies operating in Norway, western Europe’s biggest producer, predict investments will plunge 21 percent next year amid rising costs and increased political interference over offshore developments.  More »

Buffett to expand energy wager ‘as far as the eye can see’

Berkshire Hathaway Inc., which has struck deals to expand its utility business in Nevada and Western Canada, plans more investment in the industry, in part by betting on renewable power, Chairman Warren Buffett said.  More »

Fracking sucks money from wind while China eclipses US

U.S. President Barack Obama says natural gas can be a bridge from coal to a cleaner energy future. Investors are showing it’s more likely a bridge to nowhere.  More »

New York making $1B investment in solar power

New York Gov. Andrew Cuomo says the state is making a long-term, $1 billion investment in support of solar power.  More »

Company plans $2B Ethiopian power project on imploded volcano

Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.  More »

Bernanke: Energy ‘a bright spot’ in recovering economy

The national oil and gas boom may have created a quarter of the jobs U.S. employers have added to payrolls since the economic downturn began six years ago, former Federal Reserve Chairman Ben Bernanke said Friday.  More »

European green energy fears losing investments on ‘weak’ targets

Wind and solar power producers said they’re at risk of losing investment after the European Union’s executive arm scrapped proposals for a mandatory target on renewable energy in 2030.  More »

Activists to push DC fossil fuel investment ban

Environmental activists are planning a rally in support of legislation that would ban the District of Columbia from investing in companies with large reserves of fossil fuels.  More »

Bill would make Vermont 1st state to drop oil stocks

To Sen. Anthony Pollina, it makes sense that if Vermont wants to strike a blow against climate change, it should have its pension funds divest from oil, coal and other fossil fuel companies.  More »

Coal investors’ backlash draws parallels to tobacco

About $8 trillion of known coal reserves lie beneath the earth’s surface. The companies planning to mine and burn them are being targeted by a growing group of investors concerned with the greenhouse gases that will be made.  More »

Oil’s $5 trillion Permian boom threatened by $70 crude

Bryan Sheffield, a third-generation oil wildcatter in Texas’ Permian Basin, knows what he’ll do if crude drops to $80 a barrel: shut down half his drilling rigs.  More »
Page 1 of 212