San Francisco may be known for its fog, but the city wants to turn the sunny days it does get into power for its buildings.
The San Francisco Board of Supervisors on Tuesday unanimously passed legislation that would require new construction that is shorter than 10 floors to install solar panels or solar water heaters on top of both new residential and commercial buildings.
According to California law, all new buildings with 10 floors or less must have at least 15% of their rooftops designated as solar ready — meaning not in the shade. San Francisco now requires those buildings to actually use it for solar panels.
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While the long-awaited Doha meeting disappointed energy investors who expected an output freeze deal, shale industry pioneer Harold Hamm, who didn't "have a whole lot of hope" in the Sunday meeting, told CNBC that the crude glut will be balanced the second half of this year.
The founder and CEO of Continental Resources , who previously told CNBC that "the fundamentals of supply and demand were really close," reiterated during a "Power Lunch" interview on Monday that this year's third-quarter will absorb most of the excess oil supply, which in turn will lead to "stronger pricing."