"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-09-13T15:28:17Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/09/13/chevron-ceo-mike-wirth-climate-change-harlow-vpx.cnnbusiness"
data-branding-key="perspectives-no-logo"
data-video-slug="chevron ceo mike wirth climate change harlow vpx"
data-first-publish-slug="chevron ceo mike wirth climate change harlow vpx"
data-video-tags="banking, finance and investments,business and industry sectors,business, economy and trade,chevron corp,climate change,companies,company activities and management,company structure and ownership,energy and environment,energy and resources,energy and utilities,environment and natural resources,environmental regulation and policy,environmentalism,financial markets and investing,misc people,poppy harlow,securities trading,shareholders,stock markets"
data-details="">
Video Ad Feedback
This is what Chevron's CEO thinks about climate change
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-31T22:32:47Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/31/americans-face-high-utility-bills-yurkevich-dnt-lead-vpx.cnn"
data-branding-key=""
data-video-slug="americans face high utility bills yurkevich dnt lead vpx"
data-first-publish-slug="americans face high utility bills yurkevich dnt lead vpx"
data-video-tags="severe weather,weather,business and industry sectors,business, economy and trade,economic conditions,economic indicators,economy and economic indicators,energy and utilities,inflation"
data-details="">
Video Ad Feedback
'I can't withstand the heat': Americans behind on utility bills face extreme weather
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-26T14:30:15Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/26/european-union-reducing-gas-consumption-russia-supply-winter-firstmove-vpx.cnn"
data-branding-key=""
data-video-slug="european union reducing gas consumption russia supply winter firstmove vpx"
data-first-publish-slug="european union reducing gas consumption russia supply winter firstmove vpx"
data-video-tags="business and industry sectors,business, economy and trade,energy and utilities,energy consumption,european union,government organizations - intl,natural gas,oil and gas industry,clare sebastian,continents and regions,eastern europe,europe,misc people,russia,ukraine"
data-details="">
Video Ad Feedback
EU countries agree to reduce gas consumption to prep for winter
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-21T15:08:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/21/international-energy-agency-european-gas-consumption-firstmove-intl-ldn-vpx.cnn"
data-branding-key=""
data-video-slug="international energy agency european gas consumption firstmove intl ldn vpx"
data-first-publish-slug="international energy agency european gas consumption firstmove intl ldn vpx"
data-video-tags="business and industry sectors,business, economy and trade,continents and regions,energy and utilities,energy and utility policy,energy consumption,europe,government organizations - intl,international energy agency"
data-details="">
Video Ad Feedback
IEA director says Europe needs to lower gas consumption to prepare for winter
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-19T17:25:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/19/france-finance-minister-bruno-le-maire-russia-europe-gas-supply-uae-ctw-vpx.cnn"
data-branding-key=""
data-video-slug="france finance minister bruno le maire russia europe gas supply uae ctw vpx"
data-first-publish-slug="france finance minister bruno le maire russia europe gas supply uae ctw vpx"
data-video-tags="becky anderson,continents and regions,eastern europe,europe,france,middle east,middle east and north africa,misc people,russia,united arab emirates,western europe"
data-details="">
Video Ad Feedback
French finance minister says country prepping for cutoff of Russian gas supply
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-05T19:03:29Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/05/hungary-foreign-minister-russian-energy-purchase-ukraine-amanpour-intl-vpx.cnn"
data-branding-key=""
data-video-slug="hungary foreign minister russian energy purchase ukraine amanpour intl vpx"
data-first-publish-slug="hungary foreign minister russian energy purchase ukraine amanpour intl vpx"
data-video-tags="christiane amanpour,continents and regions,eastern europe,europe,government and public administration,government bodies and offices,government departments and authorities,hungary,international relations,international relations and national security,misc people,russia,state departments and diplomatic services,ukraine,russia-ukraine conflict,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Hungarian foreign minister on why the country is still buying Russian energy
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-10T15:02:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/10/low-price-gas-station-affil-vpx.ktvk-kpho"
data-branding-key="good-stuff"
data-video-slug="low price gas station affil vpx"
data-first-publish-slug="low price gas station affil vpx"
data-video-tags="arizona,continents and regions,north america,phoenix,southwestern united states,the americas,united states"
data-details="">
Video Ad Feedback
Hear why this gas station owner is selling gas at a loss
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-23T02:00:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/23/fuel-prices-gas-breakdown-js-orig.cnn"
data-branding-key=""
data-video-slug="fuel prices gas breakdown js orig"
data-first-publish-slug="fuel prices gas breakdown js orig"
data-video-tags="banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,economic conditions,economic indicators,economy and economic indicators,energy and resources,energy and utilities,energy commodities,energy economic indicators,financial markets and investing,inflation,oil and gas industry,oil prices,price increases"
data-details="">
"
data-timestamp-html=""
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-08T15:11:51Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/08/oecd-secretary-general-global-economic-report-russia-oil-embargo-inflation-firstmove-vpx.cnn"
data-branding-key=""
data-video-slug="oecd secretary general global economic report russia oil embargo inflation firstmove vpx"
data-first-publish-slug="oecd secretary general global economic report russia oil embargo inflation firstmove vpx"
data-video-tags="business, economy and trade,celebrities,continents and regions,developing countries,eastern europe,economic conditions,economic development,economic indicators,economy and economic indicators,europe,inflation,julia chatterley,non-profit and ngo organizations,organisation for economic co-operation and development,russia,russia-ukraine conflict,trade and development,ukraine,unrest, conflicts and war"
data-details="">
Video Ad Feedback
OECD secretary-general explains global cost of the Russian oil embargo
Germany just took a step closer tofinding a long-term, greener replacement for Russian natural gas and coal.
German power producer RWE
(RWEOY) and Norwegian state-owned energy firm Equinor on Thursday announced plans to build hydrogen-fueled power plants in Germany over the next few years, as well as a major pipeline between the two countriesto feed them.
The agreement — which is not yet legally binding — is part of Germany’s efforts to phase out all coal-fired power stations by 2030 and decarbonize its energy sector. Berlin has pivoted dramatically away from Russia as a source of energy since its invasion of Ukraine, and needs to find secure alternative suppliers.
“Through this collaboration we will strengthen the long-term energy security for Europe’s leading industrial country,” Anders Opedal, Equinor’s CEO and president, said in a joint statement.
The power plants, jointly owned by RWE and Equinor, will initially run on natural gas produced in Norway before transitioning to “blue” hydrogen, also produced in Norway using natural gas and pumped through the underwater pipeline, the companies said.
More than 95% of the carbon dioxide emitted during the production of hydrogen will be captured and stored under the seabed, they added. Equinor plans to develop a 2 gigawatt production capacity for “blue” hydrogen by 2030.
The ultimate aim is to generate so-called “green” hydrogen using renewable energy produced by offshore wind farms, they said, without providing target dates.
The European Union has a target to build a 40 gigawatt renewable hydrogen production capacity by 2030.
“There is an urgent need for a rapid ramp up of the hydrogen economy,” Markus Krebber, RWE’s chief executive, said in the statement. “Blue hydrogen in large quantities can make a start, with subsequent conversion into green hydrogen supply.”
The companies did not state how many power plants they intend to build, or the value of their joint investments.
Norway is now Europe’s biggest supplier of natural gas, according toEU official statistics. Ever since Russia started slashing its exports to the bloc in retaliation for European sanctions over the war in Ukraine, the Nordic country has ramped up its own exports to help fill the gap.
“In the midst of the energy crisis, we see how important Norway is as a reliable supplier of gas to Europe, but we also see how crucial it is that we switch more quickly to more renewable energy.” Norwegian prime minister Jonas Gahr Stoere told reporters in Oslo on Thursday, according to a Reuters report.
Just before Russia invaded Ukraine in late February, Germany scrapped plans to use the Nord Stream 2 pipeline, which was built by Gazprom to deliver up to 55 billion cubic meters of natural gas per year — or more than half of Germany’s annual consumption.
In the months that followed, Russia dramatically cut flows of natural gas through the Nord Stream 1 pipeline. Flows on that pipeline stopped altogether in August when it shut for repairs. It didn’t reopen.
Both pipelines were hit a month later by a series of explosions. Denmark and Sweden have said the infrastructure was deliberately targeted, and Sweden’s security service has said that it cannot be ruled out “that a foreign power is behind it.”
Suspicion has fallen on Russia as the only actor in the region believed to have both the capability and motivation to deliberately damage the pipelines. The Kremlin has denied striking the pipelines.
After the explosions, NATO vowed to mount a “united and determined response” if the damage proved to be deliberate.
— Charles Riley and Julia Horowitz contributed reporting.