Coal Is Fueling Bitcoins Meteoric Rise
December 18, 2017

Bitcoin has a dirty secret.

The cryptocurrency has wowed markets this year with breakneck gains as investors flocked to an asset that exists only in cyberspace. But the laborious creation of each digital bitcoin by private computer networks has real-world Continue reading

GE to Cut 12,000 Jobs in Its Power Business
December 16, 2017

General Electric Co. plans to cut 12,000 jobs in its power business as the company’s new leaders look to slash costs and stabilize the beleaguered manufacturer.

The reductions, accounting for about 18 percent of GE Power’s workforce, include both professional Continue reading

Worlds Biggest Wealth Fund Wants Out of Oil and Gas
November 19, 2017

The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks.  

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to Continue reading

Norway Idea to Exit Oil Stocks Is Shot Heard Around the World
November 19, 2017

Norway’s proposal to sell off $35 billion in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.

The Nordic nation’s $1 trillion sovereign wealth fund said Continue reading