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Energy

Michael McTague | Equities.com |

Part 1 of this series looked at the successful executive and his or her image as a person of wealth. Perhaps we should refer to those individuals as apparently wealthy.

Part 2 looks a more enterprising group of wealth seekers. They claim to have found a secret means of gaining wealth. We have all run into them. At parties, they tell their private insights on getting rich. Here are several of the most irritating claims such people make.


Kimberly Redmond | Equities.com |

Former BP plc (NYSE: BP) chief executive officer and soon-to-be-retiring Glencore plc (OTC: GLNCY) chairman Tony Hayward is launching a new special purpose acquisition company (SPAC) focused on clean energy projects in Europe.

According to Sky News, Hayward's Energy Transition Partners seeks to raise 175 million euros ($207 million) with a listing on the Euronext Amsterdam stock exchange.


Kimberly Redmond | Equities.com |

The US Department of Energy (DOE) is allocating $27 million in federal funding for the research and development of projects focused on converting energy more efficiently from waves into carbon-free electricity.

In a press release, the DOE said the resources are intended to “advance wave energy technologies toward commercial viability” and support the Biden Administration’s clean energy goal of net-zero emissions by 2050.


Reuters | Equities.com |

U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is "greener gas" that has been certified as coming from low-emission operations or from renewable sources such as landfills.

EQT Corp, Chesapeake Energy and liquefied natural gas firms Cheniere Energy and NextDecade Corp are among the companies considering low-carbon certifications from groups such as Denver-based Project Canary. Gas certified as "responsibly produced" and contributing less emissions could get up to 5% above market prices, or up to 15-cents per thousand cubic feet (mcf), proponents say.


Reuters | Equities.com |

Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but spending will fall far short of meeting urgent climate goals.

More of the $1.9 trillion in investment is projected to shift toward electricity than ever, with more than $820 billion due to earmarked for power - the sixth year in a row it will outstrip investment in traditional oil and gas.


Reuters | Equities.com |

Colonial Pipeline ramped up deliveries to fuel-starved markets up and down the East Coast on Friday following a nearly week-long outage caused by hackers, as Washington sought to reassure motorists that supplies would return to normal soon.

The strike on the nation's largest fuel pipeline was most disruptive cyberattack on record, triggering days of widespread panic buying that led filling stations across the U.S. Southeast to run out of gasoline, and pushing pump prices to their highest in years.


Kimberly Redmond | Equities.com |

The Walt Disney Company (NYSE: DIS) announced a major upgrade to its Walt Disney World Resort in Orlando, Florida, that will enable the property to obtain nearly half of its power from solar energy within two years.

Disney and Reedy Creek Improvement District are partnering with local utility companies to develop two new 75 megawatt solar facilities, the company announced Thursday.