Latest Energy industry News

Protection sought for rare butterflies at Nevada site

Aug. 16, 2022 13:17 PM EDT

RENO, Nev. (AP) — Conservationists who are already suing to block a geothermal power plant where an endangered toad lives in western Nevada are now seeking U.S. protection for a rare butterfly at another geothermal project the developer plans near the Oregon line. The Center for...

Stocks extend gains on Wall Street; Walmart lifts Dow

Aug. 16, 2022 14:04 PM EDT

Stocks are higher on Wall Street in afternoon trading Tuesday as investors cautiously review mostly encouraging financial results from major retailers. The S&P 500 rose 0.5% as of 1:55 p.m. Eastern. The Dow Jones Industrial Average rose 314 points, or 0.9%, to 34,226 and the...

Environmental groups sue US over Puerto Rico dredging plan

Aug. 16, 2022 12:46 PM EDT

SAN JUAN, Puerto Rico (AP) — The Center for Biological Diversity filed a lawsuit Tuesday against the U.S government, accusing it of endangering wildlife and humans as it prepares to dredge and expand Puerto Rico’s biggest bay to accommodate massive tankers that will serve a new liquid natural...

What's in big Biden bill? Health, climate goals become law

Aug. 16, 2022 11:54 AM EDT

WASHINGTON (AP) — President Joe Biden arrived at the White House promising to “build back” America, and legislation he's signing Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea. Approved by the divided Congress, the bill brings the...

Buffett's firm buys more Apple shares while betting on oil

Aug. 16, 2022 11:13 AM EDT

OMAHA, Neb. (AP) — Warren Buffett's company bet more on high-tech darling Apple during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new...

Europe drought: German industry at risk as Rhine level falls

Aug. 16, 2022 09:02 AM EDT

BERLIN (AP) — Germany's main industry lobby group warned Tuesday that factories may have to throttle production or halt it completely because plunging water levels on the Rhine River are making it harder to transport cargo. The Rhine's level at Emmerich, near the Dutch border,...

Indonesian leader calls for unity, braces for global crises

Aug. 16, 2022 06:57 AM EDT

JAKARTA, Indonesia (AP) — Indonesia’s president called on all citizens to remain united, vigilant and alert as they face crises fueled by the war in Ukraine and coronavirus pandemic in his State of the Nation address Tuesday. After two years of remote meetings amid pandemic...

Asian shares mostly higher, echoing Wall Street rebound

Aug. 15, 2022 23:12 PM EDT

TOKYO (AP) — Asian shares mostly rose Tuesday after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China. The benchmark in Tokyo was little changed, erasing earlier gains, but indexes in South Korea, Australia and China gained...

New climate deal spurs hopes of more carbon storage projects

Aug. 15, 2022 19:13 PM EDT

GILLETTE, Wyo. (AP) — The rolling prairie lands of northeastern Wyoming have been a paradise of lush, knee-deep grass for sheep, cattle and pronghorn antelope this summer. But it’s a different green — greener energy — that geologist Fred McLaughlin seeks as he drills nearly...

Norway hits export record amid soaring gas prices

Aug. 15, 2022 15:23 PM EDT

STOCKHOLM (AP) — Norway's exports reached a record in July, driven mainly by natural gas prices that have soared since Russia's invasion of Ukraine. The Scandinavian country’s statistics agency on Monday said Norwegian exports reached 229 billion kroner ($24 billion) last month,...