Houthi Red Sea Attacks Add $22 Billion to Shipping Company Valuations

Houthi Red Sea Attacks Add $22 Billion to Shipping Company Valuations

Houthi assaults on merchant ships as they sail through the Red Sea are driving up the shares of firms transporting everything from manufactured goods to oil and commodities. The combined market capitalization of the world’s largest publicly traded shipping companies has jumped by about $22 billion since Dec. 12, when the assaults really ramped up. … Read more

Why oil companies Shell and BP are building solar on farmland

Why oil companies Shell and BP are building solar on farmland

At Elm Branch Solar Farm, about an hour south of Dallas, Texas, a flock of sheep grazes among a vast field of solar panels. The flock’s shepherd, Amanda Stoffels, watches over it as the sheep munch on the grass and nap in the shade provided by the panels. Stoffels owns this land, but leases it … Read more

How gas station economics will change in the EV charging future

How gas station economics will change in the EV charging future

Cavan Images | Getty Images As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations.  In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including an RS Automotive in Takoma Park, Md., and a Shell station in Fulham, England, have made a full switch. Location, … Read more