fossil fuel

Exxon Mobil Corp's (NYSE:XOM) updated 2030 Plan reads like a subtle but unmistakable pivot: less capital headed toward low-carbon experiments, more firepower behind the assets that print money today. Track XOM stock here. The company now expects $25 billion in earnings growth and $35 billion in...

A climate activist connected with Extinction Rebellion was arrested inside Trump Tower in Manhattan on Wednesday after disfiguring a presidential seal in a protest drawing attention to government inaction on climate change. What Happened: Clad in a shirt that said "Join, or Die," the protester...

The European auto industry has decided not to contest the European Union’s (EU) decision to ban fossil-fuel vehicles by 2035, regardless of the outcome of the upcoming European parliamentary elections. What Happened: The European Automobile Manufacturers Association (ACEA), headed by Luca de...

Volkswagen AG (OTC: VWAGY) (OTC: VLKAF) reportedly said it is prepared for Europe's scheduled 2035 ban on new sale of fossil-fuel cars as the German automotive manufacturer ramps up its electric vehicle lineup. Volkswagen will be able to reduce its battery expenses via a 50% drop in cost...

In at least one segment of global energy demand, fossil fuel demand growth could peak by 2025. Tom Randall reports that Bloomberg New Energy Finance projects fossil fuel demand for electricity will finally hit its peak in another nine years. “You can’t fight the future,” the...