Tesla Offers an Unprecedented Look at the Bench Behind Elon Musk

(Bloomberg) — What they see was an unprecedented number of executives share the stage with Elon Musk, who irked some shareholders by acquiring Twitter for $44 billion last year and funding the deal at least in part by selling billions of dollars worth of Tesla stock. Twitter didn’t come up at all during the roughly … Read more

Reliance, Tata Bid for India’s $2.4 Billion Solar Incentives

Others showing interest include U.S. firm First Solar Inc. and Indian companies JSW Energy Ltd., Avaada Group and ReNew Energy Global Plc, according to the renewable energy ministry. It said a total of 11 companies entered the bidding, though the embattled Adani Group, one of the country’s largest solar panel makers, did not join in.

The $100 Billion Offshore Wind Industry Has a Whale Problem

“We believe that it’s going to destroy our tourism industry,” said Suzanne Hornick, a resident living in Ocean City, New Jersey, and a member of Protect Our Coast NJ. “When people come to Ocean City, they don’t want to look at an industrial park.” Meanwhile, companies developing the turbines argue that even on a clear day … Read more

Adani Group Hires Banks to Hold Fixed-Income Investor Calls

(Bloomberg) — Banks are setting up meetings with fixed-income investors over the next week on behalf of Adani Group, Adani Green Energy Ltd and Adani Transmission. The calls are scheduled for Feb. 16 and Feb. 21, according to a person familiar with the matter. Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, … Read more

Fed Officials Float Even Higher Rates After Brisk Inflation Data

Runners pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Monday, Aug. 13, 2018. Federal Reserve officials left U.S. interest rates unchanged in August and stuck with a plan to gradually lift borrowing costs amid strong growth that backs bets for a hike in September.

There Are Signs of Stronger China Rebound to Boost Oil, IEA Says

A tanker truck travels towards a petrochemical production complex on the outskirts of Shanghai, China, on Tuesday, March 1, 2022. Oil extended its relentless rally before an OPEC+ meeting as the International Energy Agency warned that global energy security is under threat following Russia’s invasion of Ukraine. Photographer: Qilai Shen/Bloomberg

Oil Rebounds as Key Pipeline Remains Shut and China Eases Curbs

Following the imposition of the price cap and related curbs, a backlog of tankers waiting to haul oil through Turkey’s vital shipping straits built up amid a dispute over insurance cover. That now appears to be clearing, with a port agent tally on Sunday showing 19 tankers waiting to pass through the Bosphorus and Dardanelles … Read more

Pacific Storm Will Pummel US With Snow, Floods and Tornadoes

Upwards of 2 inches of rain could drop suddenly in the valleys of Southern California Saturday into Sunday with up to 6 inches in coastal foothills and mountains, touching off floods and landslides, the US National Weather Service said. Then snow could fall by the foot in the Sierra Nevada range, as well as in … Read more

Russia Is Feeling the Pain of Europe’s Oil Embargo

Meanwhile, Europe isn’t scrambling for crude. Russia’s invasion of Ukraine, which has stoked inflation, including for food and energy, has undermined European economies to the point where, as I suggested back in early November, the world can easily handle the loss of Russian barrels, at least for now.