energy and resources

Europe agrees to oil and gas windfall tax amid 'insane race' to tame energy crisis

Europe agrees to oil and gas windfall tax amid ‘insane race’ to tame energy crisis

London CNN Business  —  EU governments agreed Friday to tax the windfall profits of oil and gas companies and to cap the revenues of some electricity generators as the cost of Europe’s energy crisis spirals higher. But energy ministers from the 27 EU member states failed to reach an agreement on a proposal by the …

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Tropical Storm Ian: 'Substantial loss of life' possible in Florida as storm takes aim at South Carolina

Tropical Storm Ian: ‘Substantial loss of life’ possible in Florida as storm takes aim at South Carolina

Editor’s Note: Affected by the storm? Use CNN’s lite site for low bandwidth. You also can text or WhatsApp your Ian stories to CNN +1 332-261-0775. CNN  —  Hurricane Ian’s vicious combination of winds, rain and storm surge caused at least a dozen deaths, flooded homes, cut off roadways and left millions of Florida residents …

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Big oil companies are spending millions to appear 'green.' Their investments tell a different story, report shows

Big oil companies are spending millions to appear ‘green.’ Their investments tell a different story, report shows

CNN  —  Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and lobbying activities don’t live up to their planet-friendly claims, according to a new report. An analysis from London-based energy and climate think-tank InfluenceMap found that the amount of climate-positive messaging used by five major …

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