Regulator says deep-sea mining is a matter of time

Activists at a “Look Down action” rally to stop deep sea mining, outside the European Parliament in Brussels on March 6, 2023. Kenzo Tribouillard | Afp | Getty Images It’s likely only a matter of time before scraping the ocean floor for valuable metals becomes a reality, according to the head of the International Seabed … Read more

FBI informant charged with lying about Joe and Hunter Biden’s ties to Ukrainian energy company

WASHINGTON (AP) — An FBI informant has been charged with lying to his handler about ties between President Joe Biden, his son Hunter and a Ukrainian energy company. Alexander Smirnov falsely told FBI agents in June 2020 that executives associated with the Ukrainian energy company Burisma paid Hunter and Joe Biden $5 million each in … Read more

How to Make the Most of Energy Efficiency Tax Credits in 2024

Tax season: It’s certainly not a time of year most Americans look forward to. But it might be a reason to celebrate if you made certain energy-related improvements to your home last year — like adding solar panels. That’s because those home energy upgrades qualify for generous tax credits that could save you thousands of … Read more

U.S. energy chief concerned about China’s critical minerals dominance

Construction workers install equipment at a construction site of a lithium battery project on April 6, 2023 in Renshou County, Meishan City, Sichuan Province of China. Vcg | Visual China Group | Getty Images U.S. Energy Secretary Jennifer Granholm on Wednesday said the country is “very concerned” about China’s grip on the global supply chain … Read more

UK inflation holds steady at 4% in January as lower food prices help offset higher energy costs

LONDON — Inflation in the U.K. held steady at 4% in January as lower food prices helped offset an increase in energy costs, official figures showed Wednesday. The reading was better than expected as most economists expected inflation to rise modestly to around 4.2%. The Office for National Statistics said the monthly drop in food … Read more

Saudi energy minister pins Aramco’s oil capacity halt on green transition

Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images Saudi’s state-controlled oil giant Aramco suspended its capacity expansion plans because of the green transition, Energy Minister Abdulaziz bin Salman said Monday, stressing that the future of energy security lies with renewables.  “I think we postponed this [Aramco capacity] … Read more

India buying Russian oil keeps prices cheaper, says oil minister Puri

Hardeep Singh Puri, India’s minister of Petroleum and Natural Gas, at the ADIPEC conference in Abu Dhabi, United Arab Emirates, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images India keeps global crude prices affordable by buying oil from Russia, India’s energy minister said. “The world is grateful to India for buying Russian … Read more

As Sam Bankman-Fried awaits jail, FTX customers await full repayment

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY As Sam Bankman-Fried prepares to face sentencing next month for his criminal fraud conviction tied to the epic collapse of FTX in 2022, former customers of the crypto exchange have reasons to believe they could actually recoup their money. Bankman-Fried, who could … Read more

Functional beverage startup Odyssey grabs $6M to accelerate energy drink growth

Odyssey, a mushroom-based functional energy beverage maker, raised another $6 million in an equity investment to give it $14 million in total funding since launching its first drink two years ago. Odyssey’s products tap into the health benefits of Lion’s Mane and Cordyceps mushrooms to produce a drink that combines an energy boost with 2,750 … Read more

Siemens Energy swings to profit on order surge, sale of Indian stake

Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens. The German renewables firm reported … Read more