Energy

Canceled orders, excess stock, disrupted supply chains: The pandemic has laid bare some fundamental challenges with the way our clothes are designed, ordered, manufactured and sold — or landfilled, incinerated or sold on secondary markets. These impacts have been compounded by COVID-19, but the inefficient and resource-intensive apparel industry needed a redesign well before the
0 Comments
Even whiskey is going electric. Distilleries have long been difficult operations to electrify due to the large heat loads it requires to turn grain into one of humanity’s oldest vices, alcohol. But Diageo’s new 72,000-square-foot distillery is designed to be completely carbon-neutral. According to Diageo, it should avoid more than 117,000 metric tons of annual carbon
0 Comments
Plenty of prognostications, including this one from the World Economic Forum, tout the integral role artificial intelligence could play in “saving the planet.”  Indeed, AI is integral to all manner of technologies, ranging from autonomous vehicles to more informed disaster response systems to smart buildings and data collection networks monitoring everything from energy consumption to
0 Comments
Wind turbine from different perspective. fernando arias | Moment | Getty Images A consortium made up of Shell and Eneco is to develop an offshore wind farm that will incorporate a range of “technology demonstrations” including floating solar and hydrogen produced by electrolysis. The 759 megawatt (MW) Hollandse Kust (noord) facility will be subsidy free
0 Comments
South Belridge Oil Field is the fourth-largest oil field in California and one of the most productive in the U.S. David McNew | Getty Images Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus
0 Comments
The world’s biggest automakers are ramping up their carbon commitments even as they struggle to build back in the wake of the pandemic.  This week, Germany’s BMW took the plunge and set a goal to reduce its carbon emissions per car by at least one-third by 2030. Like its peers, BMW plans to reach those targets through a combination of
0 Comments
The sustainability ambitions of the world’s largest cloud software companies — Amazon, Google, Microsoft and Salesforce — have been well-documented. The broad semiconductor industry’s position to date, however, has been less transparent and less ambitious, with the highly visible exceptions of AMD, IBM and Intel.  That stance is shifting, as the sector contemplates the explosive
0 Comments
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Oil prices were steady on Tuesday, erasing gains earlier in the session, as rising coronavirus cases dampened the outlook for demand and countered optimism over more U.S.
0 Comments
In the four years since Nancy Mahon assumed responsibility for CSR and sustainability strategy at The Estée Lauder Companies — she’s currently senior vice president of corporate citizenship and sustainability — her team has launched a series of new initiatives that are a “first” among her organization’s sector. The list includes the company’s first virtual
0 Comments
Longtime GreenBiz friend Bruce Klafter died July 18 after a short and intense bout of pancreatic cancer. Bruce most recently was a vice president of sustainability strategy and outreach at Flex in Silicon Valley. GreenBiz co-founder and President Pete May reflects on his interaction with Bruce over the years. And below, we provide memories of Bruce
0 Comments
Who is responsible for emissions? Where did they originate? How can we be sure? A global coalition fronted by former Vice President Al Gore promises granular insights and data into those sources — down to individual power plants, ships or factories. Climate TRACE (short for Tracking Real-time Atmospheric Carbon Emissions) intends to use a massive worldwide network
0 Comments
A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area – Yugra, in the West Siberian petroleum basin. Alexei Andronov | TASS via Getty Images Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told CNBC, with the three-month period through to
0 Comments
A clutch of major multinational corporates including Microsoft, Danone, Nike, Unilever, Starbucks and Mercedes-Benz together have launched a new forum dedicated to sharing resources, tactics and strategies aimed at speeding up the business community’s transition to net zero.  The Transform to Net Zero initiative launched Tuesday will see members of the coalition — which also include
0 Comments
Digital Transformation and Industry 4.0 are complex concepts, and many manufacturers struggle to sort through what it means and how to approach the topic.  Meanwhile, manufacturing and process businesses continue to face ongoing labor crunches and a mass retirement wave (taking significant tribal knowledge with them), which add to the urgency and stress to understand
0 Comments
CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.
0 Comments
Anything with “technology convergence” and “climate change” in the same sentence captures my attention. Contextualize it in the “making or breaking of human civilization as we know it” and I’m hooked — and admittedly a tad skeptical. That’s why I buckled up and dug into the recent 90-page report put forth by think tank RethinkX,
0 Comments
South Belridge Oil Field is the fourth-largest oil field in California and one of the most productive in the U.S. David McNew | Getty Images Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer. In
0 Comments
A charging station for electric cars on Kurfürstendamm, Berlin. Jens Kalaene | picture alliance | Getty Images The chief executive of Volvo Cars described plug-in hybrids as a “very popular concept” on Tuesday, but emphasized the need for government support when it comes to charging infrastructure. Plug-in hybrid electric vehicles, or PHEVs, are cars which
0 Comments
More than 1,000 global leaders have implemented recommendations from the Task Force on Climate-related Financial Disclosure as part of their climate action plans. But many organizations are still grappling with how, exactly, to do this. TCFD reporting offers a standardized framework for companies to disclose information on climate-related financial risk to their investors and stakeholders
0 Comments
Some positive news: Recent GreenBiz research finds the number of women in sustainability leadership positions has grown dramatically over the past decade — today, 58 percent of sustainability executives in large companies are female, as are 54 percent in smaller firms. Participation rates aren’t the only change: Pay gaps between genders have narrowed. But there
0 Comments
Chhatrapati Shivaji Terminus train station (previously named Victoria Terminus) and central Mumbai, India Peter Adams | Getty India will likely register a current account surplus again in the three months that ended in June — but it would be for all the “wrong reasons,” an economist told CNBC.  The current account captures the difference between a country’s
0 Comments
One of Europe’s largest generators of renewable energy, Statkraft, said Friday that Nordic power prices had been “pushed down” in the second quarter due to high levels of snow melt. Announcing its results for the period, the company cited “significant hydrological surplus due to high snow reservoirs” as putting pressure on prices.  In addition, issues
0 Comments
It isn’t often I have the mindspace to proactively follow up on every commitment proclaimed by the companies I cover. But I recently paused to catch up about one that has particular relevance as more companies act to address their Scope 3 emissions reductions, those generated by supply chains and customers: AMD’s bold pledge back
0 Comments