Economy & Business

"Microsoft co-founder and billionaire Bill Gates is heading a $1 billion venture fund that will invest in clean energy technology to combat climate change."

"Investors controlling more than $5 trillion in assets have committed to dropping some or all fossil fuel stocks from their portfolios, according to a new report tracking the trend."

"In a few days, the water-bound wind turbines off of Rhode Island’s Block Island are expected to generate electricity commercially for the first time, and New Englanders are set to become the first in U.S. history to use electric power generated from an offshore wind turbine."

"Insurers should pay more heed to climate risk in their investment strategies to plug an annual $100 billion 'protection gap' of uninsured losses from natural catastrophes, a network of 29 global insurance players said in a report on Wednesday."

"A lot of leading companies have committed to getting all of their energy from renewable sources. Google has dispensed with its aspirational phase and will actually achieve this milestone in 2017, the company revealed Tuesday."

"Without “ambitious action” to reduce greenhouse gas emissions, the long-term effects of climate change may cost the U.S. government and American taxpayers tens of billions of dollars per year, a federal report released earlier this month has found."

"An agency inside the Obama administration poured billions into fossil fuel projects that will lead to global carbon emissions on a damaging scale".

"New York utility regulators are being sued by an environmental group over big subsidies for nuclear power plants."

"After years of trying fruitlessly to prop up energy markets, OPEC on Wednesday finally reached a consensus on production cuts, sending oil prices soaring. The problem is, the euphoria in the markets may not last."

"A symbol of America’s ailing infrastructure, Lock No. 52 on the Ohio River is responsible for a shipping bottleneck that hobbles commerce far and wide."