Study: Fossil fuel plans would far overshoot climate goals

A U.N.-backed study has found that the world needs to cut by more than half its production of coal, oil and gas in the coming decade to maintain a chance of keeping global warming from reaching dangerous levels ByThe Associated Press October 20, 2021, 4:46 AM • 3 min read Share to FacebookShare to TwitterEmail … Read more

Bitcoin-mining power plant raises ire of environmentalists

An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant. Greenidge Generation runs a once-mothballed plant near the shore … Read more

BoE’s Tenreyro warns rate rise could be ‘self-defeating’; US jobless claims fall – business live

Rolling coverage of the latest economic and financial news Latest: US jobless claims finally fall below 300,000 Bank’s Tenreyro: rate hike could be self-defeating Sunak plays down help for businesses over gas hike Jim Ratcliffe: Industry ‘could shut down’ this winter as gas prices soar IEA: Energy surge could threaten recovery China factory gate inflation … Read more