Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. The S&P 500 fell 1.5% Thursday and returned to big swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite sank 1.8%. The center of action was again the oil market, where the price of a barrel of Brent crude got as high as $101.59. Treasury yields climbed in the bond market on worries about higher inflation and fewer cuts to interest rates by the Federal Reserve.
The United Nations reports a global shift toward renewable energy, calling it a "positive tipping point." Tuesday's U.N. reports reveal that 92.5% of new electricity capacity in 2022 came from renewables, with wind and solar leading the way. Renewables like solar and wind are now significantly cheaper than fossil fuels, driving investment to $2 trillion last year. However, officials warn the transition is not happening fast enough, especially in regions like Africa. Despite booming renewables, fossil fuel production continues to rise due to increasing energy demands. U.N. Secretary-General Antonio Guterres calls on tech firms to power data centers completely with renewables by 2030.
SamTrans is moving ahead with its plans to transition from diesel to a hydrogen fuel cell electric fleet, with 10 buses already in operation a…
The California Air Resources Board will vote next month on changes to its landmark clean fuel program that would cut more greenhouse gases but…
In her first days as Mexico's new president, Claudia Sheinbaum made a point of distancing herself from the fossil fuel reliance promoted by her predecessor, Andres Manuel Lopez Obrador, and vowed to resume an energy transition that he halted. "We are going to boost renewable energies," she said, promising that 45% of Mexico's electricity will come from renewables by 2030. But experts say the country's first woman president will have to contend with legal constraints that she herself favored during the previous administration, constitutional reforms that strongly favor the Federal Electricity Commission, which runs traditional power plants.
BERLIN (AP) — Nations resumed talks on tackling global warming Monday with the aim of shaping a deal that might put the world on track to prev…
A Castro Valley man accused of stealing around 10,000 gallons of diesel fuel from gas stations throughout the Bay Area, including about 750 ga…
While prices at the pump stabilized nationwide and in the Bay Area in the past week, statewide the figures continued to inch upward.
