US renewable energy growing rapidly, expert says

Barry Worthington: We’re seeing an era of energy independence FOX Business’ Liz Claman talks to U.S. Energy Association executive director Barry Worthington about the U.S. oil market. President Trump delivered remarks on Tuesday about energy in America, including how oil companies may be diversifying into renewables. Continue Reading Below "The reality that we're seeing [is] an era of energy independence […]

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‘Flight shame’ by Greta Thunberg boosts carbon-offset programs, and Frontier Airlines holds a ‘Green’ ticket giveaway

Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Here are select dispatches about the companies responding to customer demands and climate risk, the ESG investors and their advisers, and the enterprising individuals and scientists preparing for tomorrow. Guilt works? Campaigning by […]

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Aramco aims to diversify via Reliance energy stake

Saudi Aramco is buying a 20% stake — worth some $15 billion including debt — in India’s Reliance Industries’ oil and chemicals business, a move that would help match its enormous crude production with refining capacity, as it gears back up for a planned initial public offering. The move would represent one of Aramco’s biggest forays overseas, and comes as […]

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Reliance to launch Internet of Things, Jio Fibre across country

The investment cycle of Reliance Jio is complete, and about Rs 3.5 lakh crore has been invested in high-speed 4G network, he said. Mukesh Ambani on Monday said that Jio which has amassed over 340 million subscribers in less than three years, is now ready to fire four new growth engines including Internet of Things (IoT) for the entire country, […]

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Shell profit drops as lower oil prices offset rising production

Royal Dutch Shell PLC on Thursday said its profit plunged in the second quarter, with the company citing lower oil and gas prices and weaker refining margins, outweighing a rise in production. The British-Dutch oil giant RDS.A, -1.43%RDSA, -4.66%   said its quarterly profit on a current cost-of-supplies basis–a number similar to the net income that U.S. oil companies report–was $3.03 […]

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Molson Coors CEO to retire amid sales slump

Molson Coors Brewing Co. said its chief executive is stepping down as the company struggles with declining sales and a consumer shift away from light lagers to Mexican imports, craft beers, wine and spirits. Mark Hunter, who oversaw the acquisition of MillerCoors, making Molson the No. 2 brewer in the U.S., will retire in September, the company said. He will […]

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