A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on Tuesday, March 5, 2019. Bloomberg | Bloomberg | Getty Images Oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats amid an … Read more
A liquefied natural gas tanker sails past a container terminal as it arrives in Yokohama, Japan, May 21, 2018. Tomohiro Ohsumi | Bloomberg | Getty Images Natural gas prices have plunged as the world grapples with an oversupply after a warmer-than-expected winter. The recent heyday in liquefied natural gas boosted prices and profits, spurring a … Read more
“There’s a massive difference in the amount of heat that our system is putting out when a user asks for heat to be comfortable versus a radiator which dumps tons of extra heat into the room,” says Vince Romanin, CEO of Gradient. “If they’re able to set that temperature on a per-room basis, not a … Read more
A week ago, fossil fuel companies pulled off an 11th-hour win in their fight to keep climate-friendly measures out of the next national homebuilding guidelines, successfully lobbying the private entity that writes the country’s model building codes to strip out rules that would make it cheaper for homeowners to go electric. Democrats in Congress called … Read more
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images In sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the … Read more
Schlumberger Limited logo and models of an oil rig and oil barrels are pictured in this illustration photo taken in Kyiv on 19 August, 2021. Nurphoto | Nurphoto | Getty Images The oilfield services giant SLB, formerly known as Schlumberger, is aiming to accelerate the deployment of carbon capture technology through an investment in Norway’s … Read more
FTX founder Sam Bankman-Fried faces sentencing Thursday in New York federal court for a massive fraud conspiracy that led to the collapse of his cryptocurrency exchange and a related hedge fund. Federal prosecutors want Bankman-Fried sentenced to between 40 to 50 years in prison. His defense team asked Manhattan federal court Judge Lewis Kaplan to … Read more
NEW YORK, US – JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. Fatih Aktas | Anadolu Agency | Getty Images In a letter to the Department of Justice, an FTX customer who lost $4 million when the exchange filed for bankruptcy in 2022 expressed disgust at a circulating narrative … Read more
Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter. Bankman-Fried’s fate will be announced in Manhattan on … Read more
Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty Images Heather Ferguson’s son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. At the time, Ferguson traveled to where her child was … Read more
