Crypto is not replacing the U.S. dollar, Bitfury CEO Brian Brooks says

Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former US Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstanding around cryptocurrencies is that if they’re “not doing a great job of replacing the US dollar, then crypto is failing in its mission,” Brooks, now the … Read more

Climeworks, carbon dioxide removal company, building Iceland plant

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a … Read more

DroneSeed uses swarms of drones to reseed forests after wildfires

Fire seasons are now longer and the destruction more intense, as fires burn hotter and spread to more drought-stricken ground. Since the start of this year, 32,247 wildfires have burned just over 3.3 million acres in the United States, according to the National Interagency Fire Center. An early start to the season, and an especially … Read more

NATO outlines climate strategy amid Russia’s war in Ukraine

A naval exercise led by US Naval Forces Europe-Africa, and executed by the NATO Naval Striking and Support Forces, in the Baltic Sea on June 6, 2022. Russia’s onslaught in Ukraine is almost certain to eclipse other security concerns at NATO’s Madrid summit this week. Jonathan Nackstrand | Afp | Getty Images The super-polluting military … Read more

De Nora IPO priced at 13.50 euros per share; $2.8 billion valuation

De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week. The initial public offering was priced at 13.50 euros … Read more

Why the U.S. has a massive power line problem

A section of the NECEC corridor in Johnson Mountain Township is covered with straw on Tuesday, November 30, 2021. Crews put down the straw for erosion control. Portland Press Herald | Portland Press Herald | Getty Images For the past six years, energy companies and Maine residents have been in a fierce stand-off over the … Read more

Exxon Mobil CEO Darren Woods on energy transition, gas prices

Exxon Mobile CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $ 5, causing strife for all drivers, according to AAA. In an interview with CNBC’s David Faber, Woods cautioned against a government … Read more

All new passenger cars will be electric by 2040

Even Exxon Mobil thinks electric vehicles are the future. The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric, CEO Darren Woods told CNBC’s David Faber in an interview. In 2021, just 9% of all passenger car sales were electric vehicles, including plug-in hybrids, according to … Read more

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisition company, or SPAC. Polestar’s stock began trading on the Nasdaq exchange one day after it completed its merger with the SPAC Gores Guggenheim. The … Read more

Exxon Mobil CEO Darren Woods wants higher price on carbon

Exxon Mobil CEO Darren Woods would like the US government to help incentivize some of the clean energy innovations his company is developing, like biofuels and direct air capture of carbon dioxide. In an interview with CNBC’s David Faber, the leader of one of the largest oil and gas companies in the world said direct … Read more