Microsoft founder Bill Gates, Amazon CEO Jeff Bezos, and several other billionaires have come together for a $1 billion venture fund that will invest in clean energy technology to combat…
Barclays is winding down its energy business within its ‘Macro’ trading division, the bank said in an internal memo. The move will affect dozens of jobs at the major business…
General Electric (GE) announced that it will be launching a four turbine project, which will store energy from the rotating blades of the turbine to collect water, which will then…
The Kuwaiti government gave the go-ahead to a request by the Kuwait Petroleum Corporation(KPC) to generate what would be the country’s largest oil company, according to ArabianBusiness.com. The new firm,…
Crude turns up on surprise inventory drawdown Crude turns positive on surprise record drawdown. A shocking revealation on U.S. crude inventories is beneficial for oil prices, but once crude goes…
Asian Development Bank (ADB), a Multilateral lender will extend a USD 500 million to help India expand its renewable energy footprint loan for installing solar rooftop systems. “ADB is set…
Chinese gasoline will attain the U.S. East Coast for the first time in nine years as a rush in New York prices helps ease an excess in Asia. Trafigura Group…
Mobile pay-as-you-go solar pioneer d.light on Sept. 21 announced that it has raised USD15 million in Series D equity from KawiSafi Ventures Fund, Energy Access Ventures, Omidyar Network and NewQuest…
Developing Asia will have to fork out $300 billion per year until 2050 if governments plan to sustain their last year Paris climate summit goals, the Asian Development Bank (ADB)…
Canada’s largest pipeline company, Enbridge Inc. made a stock-to-stock deal with Houston’s Spectra Energy Corp., valued at about USD 28 billion. The aim of the deal is to create an…
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