Energy Future Crown Jewel Creates Rift: Corporate Finance

The jockeying has begun for the prized asset of Energy Future Holdings Corp., which filed for bankruptcy in April with about $50 billion of debt after the largest leveraged buyout in history.

Natural gas prices surge on cold snap

Natural gas prices surged and demand reached an all-time high Tuesday as the coldest weather in decades descended upon much of the United States.

Exxon quarterly profit up slightly

(Reuters) - Exxon Mobil Corp said on Thursday its quarterly profit edged up, helped by higher earnings in its chemicals business but oil and gas production fell.

Europe Rejects Bid to Raise Cost of Carbon Emissions

LONDON — The European Parliament narrowly rejected an effort to raise companies’ costs of emitting greenhouse gases, a potential death blow to Europe’s world-leading effort to combat climate change.

Obama keeps coal in the crosshairs

President Obama got a little feisty on the climate change issue during Tuesday night's State of the Union.

U.S. closer to being major natural gas exporter

The United States is one step closer to becoming a major exporter of natural gas.A long awaited report from the Energy Department issued Wednesday said the benefits of exporting the gas far outweigh the costs.

Turning natural gas into diesel fuel

NEW YORK (CNNMoney) -- Near-record low natural gas prices have hurt the industry, but a technology that can turn cheap gas into more profitable diesel could keep demand high and mitigate the impact of falling costs.

Heating homes with gas gets cheaper

NEW YORK (CNNMoney) -- Good news for homeowners: Natural gas prices are the lowest they've been in years. And they're expected to fall even further, thanks to growing production and slack demand.