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The Energy Information Administration of the United States Department of Energy reported that in April, the use of renewable sources for generating electricity in the country for the first time exceeded the use of coal. In total, its production at the expense of renewable sources was 23%, while the share of electricity produced at the expense of coal was 20%. The agency notes that April data indicate a reduction in coal generation and an increase in electricity due to the wind and solar energy. Wind power production reached a record of 30.2 million megawatt-hours. The amount of solar energy produced amounted to 7.8 million megawatt-hours, repeating the record level of last June. The reduction of coal capacity will continue in the country. EIA estimates that in 2019, 4.1 gigawatts of coal will be decommissioned.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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