Minister accused of turning blind eye to EDO links to activists charged with trespass at Woodside CEO’s home

The Federal Government did not seek departmental advice if the taxpayer-funded Environmental Defenders Office was legally involved in an alleged trespassing incident at the Perth home of Woodside Energy boss Meg O’Neill. A response to a question on notice from Senate estimate hearings has revealed Environment Minister Tanya Plibersek did not consult the Department of … Read more

What Happens When Facebook Heats Your Home

For Big Tech, there are few better places to experiment with data center heating than in the Nordics. This idea works best when data centers can be connected to preexisting district heating systems, where a group of buildings share a common heating system instead of each having their own. These communal systems are commonplace in … Read more

The bulls are back on Wall Street

Snow covers the Charging Bull sculpture in the Financial District of Manhattan, New York City, New York, U.S., December 17, 2020. Jeenah Moon | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more

Maersk, MSC suspend Red Sea route amid Houthi attacks

An oil tanker anchored in the Red Sea off the coast of Yemen’s contested western province of Hodeida on July 15, 2023. Mohammed Huwais | Afp | Getty Images Oil prices traded mixed Tuesday as tankers shun the Red Sea on the back of heightened attacks by Iran-backed Houthi militants which have disrupted international shipping … Read more

Enphase Energy will lay off roughly 10% of workforce as part of restructuring plan

Igor Golovniov | LightRocket | Getty Images Enphase Energy will lay off 10% of its global workforce as part of a restructuring plan, the solar company disclosed in a regulatory filing on Monday. Enphase manufacturers microinverters that convert solar energy into usable electricity. The company’s stock is down 53% this year as high interest rates … Read more

Venezuela and Guyana pledge not to use force in territory dispute

TOPSHOT – Aerial view of the Essequibo region taken from Guyana on December 12, 2023. Venezuelan President Nicolas Maduro and his Guyanese counterpart, Irfaan Ali, will meet on December 14, 2023 in Saint Vincent and the Grenadines, on their countries’ growing dispute over the oil-rich region of Essequibo, amid mounting international warnings against escalating the … Read more

These EVs loses tax credits as U.S. boots China from supply chain

Electric vehicle demand could take a hit next year with several models expected to lose crucial tax credits as the U.S. moves to cut China out of its battery supply chain, according to top analysts. The Treasury and Energy Departments earlier this month laid out plans to end U.S. dependence on China and cajole carmakers … Read more

IEA says oil demand slowdown to persist in 2024 amid oversupply fears

A Petroleos de Venezuela SA oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023. Gaby Oraa | Bloomberg | Getty Images The International Energy Agency on Thursday said evidence of softening global oil demand is mounting and a slowdown is expected to continue into 2024, reaffirming a starkly different … Read more

What the COP28 deal means for the U.S. amid record oil and gas output

U.S. President Joe Biden meets with Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, D.C., US, on Friday, Sept. 16, 2022. Bloomberg | Bloomberg | Getty Images A landmark agreement to shift away from fossil fuels thrusts U.S. policy into the global spotlight, with campaigners demanding … Read more

Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday

A vehicle refuels at a Shell gas station in Hyattsville, MD, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Gas prices in the U.S. have fallen to the cheapest level of the year just as consumers prepare for the busy holiday shopping and travel season, according to data from the … Read more