Innovation

The Breakthrough Energy Coalition, an influential group of investors and institutions led by Bill Gates that is committed to investing in technology to solve energy and climate challenges, on Monday committed more than $1 billion to back emerging technologies.

Scotland-based oilfield services provider The Weir Group plc continues to expand its U.S. onshore holdings, the latest deal being the acquisition of Oklahoma’s Mathena Inc.

Dramatically increasing the production of domestic natural gas, oil and coal offers the United States its best opportunity to create sustainable jobs, but political wrangling stands in the way of achieving that goal, according to a new report from the Manhattan Institute for Policy Research.

BP plc on Thursday said the Deepwater Horizon rig explosion and Macondo well blowout had spurred innovation and collaboration, resulting in new technology that will provide ways to deal with future offshore disasters.

BP plc on Thursday said the Deepwater Horizon rig explosion and Macondo well blowout had spurred innovation and collaboration, resulting in new technology that will provide ways to deal with future offshore disasters.

In an effort to encourage innovation and spur the use of systems that would allow vehicles to run on alternative fuels including natural gas and electricity, the Environmental Protection Agency (EPA) has proposed the streamlining of the fuel conversion system approval process.