Richest oil states should pay climate tax, says Gordon Brown
The world's richest oil states should pay a global windfall...
The world's richest oil states should pay a global windfall tax to help poorer nations combat climate change, ex-PM Gordon Brown has said.
He said countries such as Saudi Arabia, the UAE, Qatar and Norway benefited from a "lottery-style bonanza" last year, as the price of oil soared.
Mr Brown argues a $25bn (£20.4bn) levy would boost prospects of a deal on a climate fund for poorer countries. His intervention comes ahead of the COP28 summit in Dubai in November.
EQT CEO: Prioritize gas to avert the next energy crisis
Even with natural gas storage filled to capacity, rigid delivery systems and insufficient reliable energy...
Even with natural gas storage filled to capacity, rigid delivery systems and insufficient reliable energy supply leave the US and Europe vulnerable to another energy crisis, EQT Corp. President and CEO Toby Rice warned at the University of Texas's recent symposium. Rice underscored the need for increased investment in gas power generation and infrastructure to enhance energy security and gas market stability in both regions.
S&P 500 and Dow industrials moving lower Monday as Nasdaq ekes out an early gain
U.S. stocks opened lower Monday, extending last week’s losses...
U.S. stocks opened lower Monday, extending last week’s losses as Treasury yields climbed.The Dow Jones Industrial Average DJIA was down 0.2% soon after the opening bell, while the S&P 500 SPX shed 0.2% and the Nasdaq Composite COMP slid 0.3%, according to FactSet data, at last check. On Friday, the S&P 500 and Nasdaq each booked a third-straight weekly decline as rising bond yields hurt equities in the wake of the Federal Reserve’s policy meeting. The yield on the 10-year Treasury note was up nine basis points at around 4.53% on Monday morning.
US Gulf oil lease sale expansion order faces appeal
The Interior Department and environmental groups plan to ask the US Court of Appeals for the 5th Circuit...
The Interior Department and environmental groups plan to ask the US Court of Appeals for the 5th Circuit to block US District Judge James Cain's order to expand this week's upcoming US Gulf of Mexico oil and natural gas lease sale to its original coverage area. The administration withdrew more than 6 million acres from the sale to protect the endangered Rice's whale.
Usher tapped to headline 2024 Super Bowl halftime show in Las Vegas Feb. 11 (...
Usher tapped to headline 2024 Super Bowl halftime show in Las Vegas Feb. 11 (More) | Miami Dolphins beat Denver Broncos 70-20, scoring the most single game points by an NFL team since 1966 (More) | Taylor Swift spotted in luxury box at Kansas City game (More)
Meta is planning to release AI chatbots with their own personalities this week, per the WSJ.
