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After GameStop – a barely profitable company whose revenue fell by a fifth last year – announced Friday that it has raised $933mn in an equity offering, its shares enjoyed a 25 per cent jump yesterday.. Foto: Alex Kraus/Bloomberg

The valuation mystery: more clues

The last several decades have just been really strange. They have featured two epic bubbles, a once-in-a-lifetime financial crisis, a revolution in monetary policy and a global pandemic. Maybe it would be unrealistic to expect any market regularities to hold in such a whirlwind.. Foto: Vincent Thian/AP/NTB

The valuation mystery

This is not about David vs Goliath – just because you’re big doesn’t mean you’re in the wrong, writes Exxon chief Darren Woods.. Foto: Brendan McDermid/Reuters/NTB

Exxon vs Calpers: Inside the clash over shareholder rights and fiduciary duty

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Conoco’s chief executive Ryan Lance said on Wednesday that the deal «further deepens our portfolio» and adds «high-quality, low cost of supply inventory adjacent to our leading US unconventional position».. Foto: Elin Høyland

ConocoPhillips agrees to buy Marathon Oil in $22.5bn deal

The problem is not just that scaling up hydrogen is harder than hoped. There is also rising uncertainty over how useful it will actually turn out to be. This 2021-picture shows one of the worlds's first plants for the production of green hydrogen on the site of the "Shell Energy an Chemicals Park Rheinland" of Anglo-Dutch oil giant Shell in Wesseling, western Germany.. Foto: Ina Fassbender/AFP/NTB

Lex in depth: how the hydrogen hype fizzled out

Net flows into ESG ETFs totalled €7.1bn in the first quarter, down from €13.8bn in the previous three-month period.. Foto: Gunnar Lier

Flows to European ESG exchange traded funds halve in first quarter

Equinor’s oil and gas business accounted for roughly 80 per cent of its capital expenditure last year, and it aims to increase fossil fuel production more than 5 per cent by 2026.. Foto: Gorm K. Gaare

Investors challenge Equinor’s climate rhetoric

Rising petrol prices is bad news for Joe Biden as he struggles to convince Americans that price rises have been contained – and that they should give him another four years as president.. Foto: Alex Brandon/AP/NTB

Rising petrol prices create fresh headache for Biden

Will we have a quiet year in the oil market? That is the question posed in one of the panels in the FT’s Commodities Summit.. Foto: Martin Meissner/AP/NTB

Highlights from the FT’s Commodities Summit

World leaders agreed at COP28 to triple global renewable generation capacity by 2030 to 11,000GW — a tall order. To achieve it, there would need to be an average 800GW of capacity additions annually from 2022. To put that into perspective: that year, overall existing global wind capacity stood at 832GW and solar at 892GW.. Foto: SeongJoon Cho/Bloomberg

How quickly will fossil fuels be phased out?

Qatar made big bets on the market this week, announcing it will increase LNG production capacity by almost 85 per cent before the end of the decade.. Photo: AP/NTB

Global gas prices slide on weak demand and full stocks

The US is at an inflection point for solar, which is expected to be the leading source of growth in the country’s electric power sector through 2025. Solar panels are seen at the DTE O'Shea Solar Park work in Detroit.. Foto: Paul Sancya/AP/NTB

Biden’s clean energy conundrums

A gas flare burns past a pump jack in the Permian Basin area of Loving County, Texas, U.S., on Monday, Dec. 17, 2018. Once the shining star of the oil business, gasoline has turned into such a drag on profits that U.S. refiners could be forced to slow production in response. Photographer: Angus Mordant/Bloomberg. Foto: Angus Mordant/Bloomberg

Shale’s new era spells higher oil prices

Norways sovereign wealth fund, the world’s largest, is funded entirely by oil and gas revenues. The countrys balancing act to avoid being termed a hypocrite is getting tougher and tougher.. Foto: Carina Johansen/NTB

How big a hypocrite is Norway on energy matters?

The 18-year recent history of Visma’s ownership is, in exaggerated form, the story of private equity’s broader evolution – in multiple ways.. Foto: Terje Pedersen/NTB

The thinking barbarians: how private equity has evolved

Tech investors have to ask whether a given company’s increasing returns are sustainable or not. They need to be able to tell a BlackBerry from an Apple.. Foto: Lucas Jackson/Reuters/NTB

Where increasing returns come from

Last week, Joe Biden announced the most significant intervention in US LNG in a decade. If Biden loses out to Donald Trump in November, the former president has already vowed to restart approvals on his «very first day back».. Foto: Leah Millis/Reuters/NTB

A closer look at Joe Biden’s LNG export freeze

Britain’s flagship Hinkley Point C nuclear plant has been delayed until 2029 at the earliest, with the cost spiralling to as much as £46bn.. Foto: Kin Cheung/AP/NTB

UK nuclear plant hit by new multiyear delay and could cost up to £46bn

The International Energy Agency estimates that China more than doubled its solar generation capacity.. Foto: STR/AFP/NTB

China’s green tech surge could turn global climate politics on its head

IEA executive director Fatih Birol has argued that the organisation’s analysis shows that oil demand will peak this decade.. Foto: Gunnar Lier

IEA signals ‘substantial surplus’ as oil demand growth slows

BlackRock chief executive Larry Fink has been searching for years for the right private markets partner.. Foto: Lucas Jackson/Reuters/NTB

How the $12.5bn BlackRock-GIP deal is set to shake up investment management

The SOEs’ renewable investment drive was sparked by President Xi Jinping’s 2020 climate pledges.. Foto: Leah Millis/AP/NTB

China’s ‘dinosaur’ state-owned enterprises make a green pivot

Venezuela’s President Nicolás Maduro has dramatically raised the stakes in his country’s border dispute with Guyana. Foto: Pedro Rances Mattey/AFP/NTB

Venezuela raises stakes in dispute with Guyana over oil riches

American crude oil production reached a fresh all-time high of 13.2mn barrels a day in September, according to figures released last week, more than any other country and accounting for about one in eight barrels of global output.. Foto: Angus Mordant/Reuters/NTB

Oil market caught by surprise as US output surges

CBDCs’ proponents champion them on financial inclusion grounds, as a way of providing digital financial services to the unbanked. Yet countries such as India have shown that there are more practical ways to do this. Provide residents with a unique digital identifier, mandate the banks to provide low-cost, no-frills accounts, and install a system to facilitate interbank transactions through mobile phones. Voilà: problem solved.. Foto: Dhiraj Singh/Bloomberg

CBDCs still have not found their raison d'être

What is notable about the steadiness of the job market is that signs of a pretty significant economic slowdown — not to say a recession — are accumulating quickly elsewhere.. Foto: Drew Angerer/AFP/NTB

The jobs market is still tight

Northvolt has made a breakthrough in a new battery technology used for energy storage. The photo shows mockup of a Northvolt battery. Foto: Jonathan Nackstrand/AFP/NTB

Northvolt in new sodium-ion battery breakthrough

Donald Trump’s proposed overhaul of climate and energy policy has alarmed Democrats and environmental campaigners.. Foto: Mike Stobe/AFP/NTB

Donald Trump would gut Joe Biden’s landmark IRA climate law if elected

Olivier Blanchard er tidligere sjeføkonom i Det internasjonale pengefondet (IMF). Han er bekymret for at statsgjelden i USA kan vokse eksplosivt.. Foto: Jim Watson/AFP/NTB

Olivier Blanchard on debt explosions

The UK government wants to increase UK offshore wind capacity almost fourfold to 50GW by 2030, requiring rapid development of projects.. Foto: Stephane Mahe/Reuters/NTB

UK government to increase offshore wind subsidies by 66%

US and China agreed to accelerate the rollout of renewable energy to displace their heavy reliance on fossil fuels. Foto: Doug Mills/AP/NTB

US and China agree to boost green energy in climate action ‘gesture’

Fiscal doves have a calming response: Japan. There, public-sector debt runs above three times GDP, and the Bank of Japan has bought most of the government bonds for a decade without causing a disaster.. Foto: James Whitlow Delano/Bloomberg

Bad consumer sentiment is not surprising

The 31-year-old former billionaire Sam Bankman-Fried, who faces decades in prison after being convicted of fraud and money laundering, has always been eager to spin his own story.. Foto: Saul Loeb/AFP/NTB

Sam Bankman-Fried: the fallen ‘king of crypto’

The fund would trade stocks, options, currencies, commodities and other assets, Horwitz told potential backers.. Foto: Angela Weiss/AFP/NTB

US media veterans back new trading firm with financial news arm

«Fossil fuels are at the root of this crisis. We must work together to develop a comprehensive global clean energy access approach to accelerate the transition away from fossil fuels,» said a statement signed by 15 ministers, including some from poorer countries such as Ethiopia, Vanuatu and Samoa.. Foto: SeongJoon Cho/Bloomberg

Future of fossil fuels leaves nations at odds ahead of UN climate summit

«Offshore wind projects around the world have faced a triple whammy of high supply chain inflation, rising interest rates and a reluctance on the part of governments to adjust auction parameters to respond to these new market conditions as they prioritise keeping costs to consumers down,» says Simon Virley, UK head of energy at KPMG.. Foto: Stephane Mahe/Reuters/NTB

The struggles of the offshore wind industry

«High-quality development» is one of President Xi Jinping’s favourite slogans.. Foto: Leah Millis/AFP/NTB

China’s EV sector burns bright but cannot offset property’s woes

«Looking at the world today or tomorrow, no one can convince me that oil and gas represent safe or secure energy choices for countries and consumers worldwide,» IEA chief Fatih Birol told the Financial Times.. Foto: Øyvind Elvsborg

IEA warns energy companies against banking on strong oil demand

[The increase in long-term yields] is really happening in term premiums, which is the compensation for holding longer-term securities, and not principally a function of the market looking at the [fed funds] rate, said Fed chair Jay Powell in a recent speech.. Foto: Kevin Dietsch/AFP/NTB

Is the term premium rubbish?

The oil embargo that followed the Yom Kippur War ultimately led to the unanchoring of US inflation and forced the Federal Reserve, under Paul Volcker (right), to crush the economy.. Foto: Applewhite/AP/NTB

Why the term premium is rising

Didier Reynders, the acting competition commissioner, said cheap Chinese imports could threaten European businesses.. Foto: Pontus Lundahl/AFP/NTB

EU considers anti-subsidy probe into Chinese wind turbines

De lange rentene i USA har steget mye, også etter at sentralbanksjef Jerome Powell presenterte beslutningen om å holde styringsrenten i ro den 20. september i år.. Foto: Evelyn Hockstein/Reuters/NTB

The September rate spike

Indias Prime Minister Narendra Modi has laid out an ambitious target to build 500 gigawatts of non-fossil fuel capacity by 2030.. Foto: Hindustan Times/Getty Images

India’s dream of green energy runs into the reality of coal

In the US, Fed chair Jay Powell reaffirmed the central bank’s belief that it needs to keep rates higher for longer to account for the fact that growth has held up surprisingly well in the world’s largest economy.. Foto: Elizabeth Frantz/Reuters/NTB

A ‘milestone’ moment: why economists think the global cycle of rate rises is over

Analysts said Prince Abdulaziz bin Salman’s stance could yet become a self-fulfilling prophecy: rising prices risk complicating central banks’ exit strategies and hampering global demand for oil.. Foto: Yves Herman/Reuters/NTB

Hedge funds add fuel to oil price rally with bets on rise above $100

«It’s not about … jacking up prices, it’s about making the decisions that are right when we have the data,» said Prince Abdulaziz bin Salman, the energy minister of Saudi Arabia, this week.. Foto: Ronald Zak/AP/NTB

Saudi Arabia’s energy minister says oil cuts not about ‘jacking up prices’

A Liquefied Natural Gas (LNG) tanker into the harbor area at the port of Zeebrugge, a major hub for the transshipment of LNG. The tanker was pictured in 2012.. Foto: Jock Fistick/Bloomberg

EU must curb Russian gas supply to avoid being ‘held hostage’

In a letter to Wopke Hoekstra, the Dutch nominee to be EU climate commissioner, European Commission president Ursula von der Leyen said he should «intensify efforts» to present «an ambitious, forward looking strategy» for the technology when he takes up his role.. Foto: Valeria Mongelli/AFP/NTB

New EU climate chief to explore controversial carbon capture strategy

Demonstranter i New York viste i 2008 sin avsky mot at finanseliter slapp billig unna finanskrisen. De brukte sin økonomiske makt til å sikre at de ikke ville måtte lide konsekvenser for krisen de selv hadde skapt.. Foto: Spencer Platt/AFP/NTB

Når markedsøkonomien truer demokratiet

Grant Shapps told the Financial Times that the government would meet its goals in a «realistic and rational way», and that included pumping oil and gas from the North Sea during a transition to net zero.. Foto: Anna Gordon/Reuters/NTB

UK ‘absolutely committed’ to net zero, says Shapps