Wednesday, 20 November 2024
FILE PHOTO: A banner depicting Ford Super Duty pickup truck is pictured outside Ford's Kentucky truck plant as a United Auto Workers (UAW) union members pickets after going on strike in Louisville, Kentucky, U.S. October 12, 2023.  REUTERS/Luke Sharrett/File Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourSemiconductorStorage

UAW says majority of workers at Ford joint-venture battery plant sign union cards

A majority of workers at a Ford Motor battery plant in Kentucky have signed cards indicating their support for the United Auto Workers,...

ClimateClimate FinanceEmissionsEnvironmentPolitics

COP29 president faces pressure over LSE climate academic detained in Azerbaijan

COP29 faces scrutiny as academics urge Azerbaijan to release detained climate professor Gubad Ibadoghlu amid health concerns.

FILE PHOTO: A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingPolitics

Stellantis again pauses Italy plants as minister wants new investments

Stellantis pauses production at two Italian plants amid EV challenges, as Rome demands clear investment plans to secure jobs.

Visitors look at a video about battery-powered ships in the showroom at the headquarters of Chinese EV battery maker CATL in Ningde, Fujian province.
Climate FinanceEmissionsEnvironmentUnited Nations

As Trump returns, China seizes chance for climate mantle

With Trump expected to take the U.S. out of climate diplomacy, China positions itself as a global climate leader at COP29.

FILE PHOTO: A view of an automated transport system in the clean room of U.S. chipmaker GlobalFoundries' new fabrication plant in Singapore September 12, 2023. REUTERS/Edgar Su/File photo
BusinessEconomyElectric Vehicles (EVs)IndustrySemiconductor

US finalizes $1.5 billion chips award for GlobalFoundries to expand production

GlobalFoundries secures $1.5B U.S. subsidy to expand semiconductor production in New York and Vermont, boosting chip supply chains.

The Cop29 UN Climate Summit was being held in Baku, Azerbaijan (Peter Dejong/AP)
BiodiversityClimateClimate FinanceEconomyEmissionsEnvironmentIndigenousPoliticsResiliencyUnited Nations

Lack of focus on nature and farming solutions at COP29, say campaigners

Campaigners at COP29 urge nations to prioritize nature-based solutions, like forests and soil, in climate finance and action plans.

A banner advertising the newly opened Electric Vehicle Center hangs at Ford's Cologne plant, which together with the Aachen site is affected by around 2,300 job cuts, as announced in February, in Cologne, Germany, June 12, 2023. REUTERS/Jana Rodenbusch/File Photo
AutomotiveBusinessElectric Vehicles (EVs)EmissionsTransport

Ford to cut European jobs as EV shift, Chinese rivals take toll

Ford to cut 14% of European workforce, citing EV losses, weak demand and rising competition.

A man stands next to the logo of the COP29 United Nations climate change conference, in Baku, Azerbaijan November 20, 2024. REUTERS/Maxim Shemetov/File Photo
ClimateClimate FinanceEmissionsEnvironmentPolitics

Climate finance talks face ‘hardest’ stage as COP29 nears end-game

COP29 finance talks heat up as negotiators tackle funding for climate adaptation, clean energy, and emission cuts amid a Friday deadline.

A view shows the ExxonMobil oil refinery in Port-Jerome-sur-Seine, France.
BiofuelsEmissionsNatural GasOilSustainable Aviation Fuel

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says

Major oil and gas companies plan 43 biofuel projects by 2030, boosting SAF production to cut emissions.

An image of campaigners holding 'pay up' signs.
ClimateClimate FinanceUnited Nations

‘Steep climb’ ahead as clock ticks on stalled climate talks

With two days left at COP29, wealthy nations have yet to disclose funding plans for developing countries on climate change.

FILE PHOTO: Korea Zinc Chairman Yun B. Choi speaks during a press conference in Seoul, South Korea, November 13, 2024.   REUTERS/Kim Hong-Ji/File Photo
AnalysisBusinessCritical MineralsPoliticsRegulations

Analysis: Korea Zinc takeover battle tests Seoul’s resolve on tackling ‘Korea discount’

The Korea Zinc takeover battle highlights weak investor protections, fueling calls for reforms to tackle South Korea's "Korea discount."

entrus Energy's Technology and Manufacturing Center in Oak Ridge, Tenn., Wednesday, Nov. 20, 2024, after the company announced an expansion of its production of centrifuges at the Tennessee facility to be used for to enrich uranium, which fuels nuclear power plants, at its operations in Piketon, Ohio. (AP Photo/Jonathan Mattise)
AnalysisBusinessCritical MineralsElectricityNuclear PowerPoliticsRegulationsSmall Modular Reactors

As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically

Centrus Energy's $60M Tennessee expansion boosts U.S. uranium enrichment amid nuclear power growth and reduced reliance on Russia.

COP30 in Brazil will be the third consecutive year the UN's top climate talks have been held in a country that plans to expand domestic production of fossil fuels (AFP)
AnalysisClimateClimate FinanceCoalEmissionsEnvironmentIndigenousNatural GasOilPoliticsRegulationsUnited Nations

Brazil will not ‘shy away’ from fossil fuels as COP30 host: envoy

Brazil, host of COP30, won’t shy away from leading global talks on fossil fuel phaseout, despite being a major oil producer.

AnalysisClimateClimate FinanceEmissionsEnvironmentPoliticsUnited Nations

Multilateral development bank climate finance: The good, bad and the urgent

MDBs delivered a record $125B in climate finance in 2023, but adaptation funds lag; reforms and concessionality remain crucial.

A school of fish of 'Karachi' or 'Orestias Ascotanensis', swims inside a water source on Ascotan salt flat, in Ollague town area, in the Andean highlands, Antofagasta region, Chile October 31, 2024. REUTERS/Ivan Alvarado/File Photo
AnalysisBiodiversityClimateCritical MineralsEmissionsEnvironmentIndigenousMiningRegulations

Chile’s rare salt flat fish faces threat from lithium mining project

A rare fish thriving in Chile's hostile salt flat faces threats from lithium mining, sparking calls for ecosystem preservation safeguards.

FILE PHOTO: A girl walks past the debris and mud following the floods brought by Typhoon Gaemi, in Marikina City, Metro Manila, Philippines, July 25, 2024. REUTERS/Lisa Marie David/File Photo
AnalysisClimateEnvironmentIndigenousUnited NationsWeather

Is climate change making tropical storms more frequent? Scientists say it’s unclear

Climate change fuels stronger storms globally, with intense typhoons in Asia and record-breaking Atlantic hurricanes raising concerns.

entrus Energy's Technology and Manufacturing Center in Oak Ridge, Tenn., Wednesday, Nov. 20, 2024, after the company announced an expansion of its production of centrifuges at the Tennessee facility to be used for to enrich uranium, which fuels nuclear power plants, at its operations in Piketon, Ohio. (AP Photo/Jonathan Mattise)
AnalysisBusinessCritical MineralsElectricityNuclear PowerPoliticsRegulationsSmall Modular Reactors

As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically

Centrus Energy's $60M Tennessee expansion boosts U.S. uranium enrichment amid nuclear power growth and reduced reliance on Russia.

FILE PHOTO: A piece of equipment with an Nvidia logo is displayed at COMPUTEX in Taipei, Taiwan June 4, 2024. REUTERS/Ann Wang/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)RegulationsSemiconductor

Nvidia’s AI chip demand still booming but slowing sales growth worries investors

Nvidia’s Q4 forecast topped estimates, but shares fell as sky-high investor expectations and supply-chain snags challenge big revenue beats.

FILE PHOTO: Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir Cohen/File Photo
BusinessCourtsElectricityRegulationsSolarTrade

Billionaire Gautam Adani of India’s Adani Group indicted in US bribery case

Adani Group's Gautam Adani indicted in U.S. for $250M bribery scheme tied to $2B solar profits, deceiving investors, say prosecutors.

ClimateCourtsEmissionsEnvironmentLegislationPoliticsRegulationsUtilities

Judge puts stop to governor’s effort to remove Virginia from greenhouse gas initiative

The ruling said Virginia's Air Pollution Control Board exceeded its authority when it voted last year to exit the Regional Greenhouse Gas Initiative.

US auto executives are preparing for a potential pullback on electric vehicle mandates under the incoming Trump administration (AFP)
BusinessEconomyElectric Vehicles (EVs)Politics

Awaiting Trump, US auto execs further temper EV push

US automakers may slow EV production as Trump targets Biden's climate policies, including the $7,500 EV tax credit from the Inflation Reduction Act.

FILE PHOTO: U.S. Secretary of Energy Jennifer Granholm speaks at a press conference during the United Nations Climate Change Conference (COP29), in Baku, Azerbaijan November 15, 2024. REUTERS/Murad Sezer/File Photo
BusinessHydrogenPolitics

US awards up to $2.2 billion to speed clean-hydrogen development

U.S. awards $2.2B for Gulf Coast and Midwest hydrogen hubs to advance clean energy, cut emissions, and boost energy security.

Hydrogen storage tanks are visible in Puertollano, central Spain, Tuesday, March 28, 2023. A company hoping to build a massive wind-to-hydrogen energy project in western Newfoundland is eyeing other options as Canada's plan to supply Europe with green hydrogen energy have not yet come to pass. (AP Photo/Bernat Armangue)
BusinessElectricityHydrogenWind

Newfoundland wind-to-hydrogen company eyes data centre as international market lags

World Energy GH2 shifts focus to AI-powered data centers as Canada's green hydrogen market faces delays and high production costs.

BusinessEmissionsInfrastructureLegislationOilRegulationsTransmission

Alberta Energy Regulator orders Sunshine Oilsands to suspend wells, pipelines

Sunshine Oilsands Ltd. has been ordered to suspend its wells, facilities and pipelines for failing to meet regulatory obligations.

TC Energy headquarters in Calgary on July 30, 2024. THE CANADIAN PRESS/Todd Korol
BusinessCoalElectionsNatural GasOilPolitics

TC Energy CEO sees opportunity in Trump win as company refocuses on natural gas

As a company, TC Energy has already seen first-hand how business can flourish or be derailed by political winds south of the border.

A Nuclear Waste Management Organization senior transportation engineer explains transportation signage for waste uranium during a tour of NWMO's facility in Oakville, Ont., Tuesday, Dec. 12, 2023.  THE CANADIAN PRESS/Frank Gu
ElectricityEmissionsEnvironmentIndigenousLegislationNuclear FusionNuclear PowerPoliticsRegulations

Northern Ontario First Nation says yes in referendum on possible nuclear waste site

The town council of Ignace voted in favour earlier this year, and its counterpart Wabigoon Lake Ojibway Nation has now also voted yes.

Prime Minister Justin Trudeau takes part in a fireside chat with Michael Sheldrick, co-founder and Chief Policy, Impact and Government Affairs Officer at Global Citizen Now event on the sidelines of the G20 Summit in Rio de Janeiro, Brazil on Sunday, Nov. 17, 2024. THE CANADIAN PRESS/Sean Kilpatrick
ClimateEmissionsEmissions MarketsLegislationPoliticsRegulationsVoluntary Carbon Markets (VCMs)

Trudeau touts embattled carbon levy to global audience, says it faces misinformation

Prime Minister Justin Trudeau is defending his embattled carbon-pricing program on the world stage, and he argues that misinformation is threatening environmental progress.

FILE PHOTO: A drone view shows the aftermath of floods and landslides in the village of Donja Jablanica, Bosnia and Herzegovina, October 6, 2024.REUTERS/Marko Djurica/File Photo
ClimateClimate FinanceEmissionsEnvironmentIndigenousPoliticsUnited Nations

Bosnia needs to invest $6.8 billion to tackle climate change impact, World Bank says

Bosnia needs $6.8B in climate adaptation by 2030 to combat floods, air pollution, and ensure economic stability, says World Bank.

FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near  Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse/File Photo
BusinessEconomyElectric Vehicles (EVs)PoliticsRegulationsSemiconductorTrade

STMicro partners with Hua Hong as chipmakers need China, says CEO

STMicroelectronics partners with China's Hua Hong, citing local production as key to competing in the fast-evolving Chinese EV market.

FILE PHOTO: A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingPolitics

Stellantis again pauses Italy plants as minister wants new investments

Stellantis pauses production at two Italian plants amid EV challenges, as Rome demands clear investment plans to secure jobs.

A banner advertising the newly opened Electric Vehicle Center hangs at Ford's Cologne plant, which together with the Aachen site is affected by around 2,300 job cuts, as announced in February, in Cologne, Germany, June 12, 2023. REUTERS/Jana Rodenbusch/File Photo
AutomotiveBusinessElectric Vehicles (EVs)EmissionsTransport

Ford to cut European jobs as EV shift, Chinese rivals take toll

Ford to cut 14% of European workforce, citing EV losses, weak demand and rising competition.

Workers of Europe's largest carmaker Volkswagen AG gather during a briefing of the Works Council about VW's plans to close down three plants and lay off thousands of employees at the VW headquarters in Wolfsburg, Germany, October 28, 2024. Julian Stratenschulte/Pool via REUTERS/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)Labour

VW union proposes $1.6 billion of cuts, but no plant closures

Volkswagen workers offer €1.5B in cost savings to avoid plant closures, warning of historic conflict over deeper cuts and closures.

FILE PHOTO: Korea Zinc Chairman Yun B. Choi speaks during a press conference in Seoul, South Korea, November 13, 2024.   REUTERS/Kim Hong-Ji/File Photo
AnalysisBusinessCritical MineralsPoliticsRegulations

Analysis: Korea Zinc takeover battle tests Seoul’s resolve on tackling ‘Korea discount’

The Korea Zinc takeover battle highlights weak investor protections, fueling calls for reforms to tackle South Korea's "Korea discount."

A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China.
AviationBusinessElectric Vehicles (EVs)Transport

China’s Pony AI seeks up to $4.55 billion valuation in upsized US IPO

Pony AI aims to raise up to $260M in its U.S. IPO, the robotaxi firm announced Wednesday.

Indonesian President Prabowo Subianto arrives at the government palace to meet with Peru's President Dina Boluarte, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Lima, Peru November 14, 2024. REUTERS/Agustin Marcarian
ClimateCoalEconomyElectricityEmissionsEnvironmentIndigenousPoliticsSolar

Indonesia can reach net zero emissions before 2050, president says

Indonesia aims for net zero by 2050, retiring fossil fuels in 15 years and building 75 GW of renewables, says President Prabowo.

AnalysisEfficiencyElectric Vehicles (EVs)ElectricityRegulationsUtilities

In Australia, you will soon be able to power your house with your electric car. Here’s how

New standards bring V2G tech to Australia, letting EVs power homes, earn income, and stabilize the grid — expected by Christmas.

FILE PHOTO: Containers sit at a terminal at the Yangshan deepwater port during an organised media tour, in Shanghai, China October 10, 2024. REUTERS/Casey Hall/File Photo
BusinessEconomyLegislationPoliticsRegulationsTrade

Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll

U.S. tariffs on China could hit 40 per cent in 2025, cutting up to one per cent off China's growth amid debt risks...

COP30 in Brazil will be the third consecutive year the UN's top climate talks have been held in a country that plans to expand domestic production of fossil fuels (AFP)
AnalysisClimateClimate FinanceCoalEmissionsEnvironmentIndigenousNatural GasOilPoliticsRegulationsUnited Nations

Brazil will not ‘shy away’ from fossil fuels as COP30 host: envoy

Brazil, host of COP30, won’t shy away from leading global talks on fossil fuel phaseout, despite being a major oil producer.

A school of fish of 'Karachi' or 'Orestias Ascotanensis', swims inside a water source on Ascotan salt flat, in Ollague town area, in the Andean highlands, Antofagasta region, Chile October 31, 2024. REUTERS/Ivan Alvarado/File Photo
AnalysisBiodiversityClimateCritical MineralsEmissionsEnvironmentIndigenousMiningRegulations

Chile’s rare salt flat fish faces threat from lithium mining project

A rare fish thriving in Chile's hostile salt flat faces threats from lithium mining, sparking calls for ecosystem preservation safeguards.

A drone view shows solar panels on the roof of the favela residents.
EconomyElectricitySolarTransmissionWind

Solar power project in Brazil favelas hopes to shine in G20 spotlight

In Morro da Babilonia, Brazil, residents hope their local solar project will gain attention during Rio's G20 summit.

An image of Susana Muhamad, environment minister of Colombia, smiling at the camera.
Climate FinanceCoalElectricityEmissionsFuelOilSolarUnited NationsWind

Colombia’s government is eager for post-fossil fuels economy. But costs are a barrier

Colombia's president, Gustavo Petro, is set on transitioning from fossil fuels, prioritizing the green energy transition despite costs.

Bolivia's Economy Minister Marcelo Montenegro speaks during a press conference, in La Paz, Bolivia November 14, 2024. REUTERS/Claudia Morales
BiodiversityClimateEmissions MarketsEnvironmentIndigenousVoluntary Carbon Markets (VCMs)

Bolivia to sell $5 billion in carbon credits to stem rampant forest loss

Bolivia aims to sell $5 billion worth of carbon offset credits, the government announced on Thursday, in a bid to stop rampant forest...

A parched field is pictured in Balkh province, Afghanistan.
Climate FinanceEnvironmentUnited NationsWeather

UN moves to unlock stuck climate financing for Afghanistan, agencies say

UN agencies push for climate funds for Afghanistan, stalled since the Taliban's 2021 takeover, officials say.

Botswana's newly elected President Duma Boko annuonced plans to diversify the diamond-dependent economy (AFP)
BusinessEconomyElectricityPoliticsRegulationsSolar

New Botswana leader eyes cannabis, sunshine to lift economy

Botswana's President Duma Boko unveils plans to diversify the economy via solar energy, medicinal cannabis, and tech innovation.

AnalysisEconomyElectric Vehicles (EVs)EmissionsEnvironmentTradeTransport

Electric vehicles in Africa: what’s needed to grow the sector

To make the most of the electric mobility revolution, sub-Saharan African countries need policies and incentives to localise production and invest in green...

A climate activist holds a placard as people call for climate justice resistance against oil and gas corporations and to end fossil fuels outside the Cape Town International Convention Centre during the Southern Africa Oil and Gas Conference in Cape Town, South Africa , September 13, 2023. REUTERS/Esa Alexander/File Photo
BusinessEmissionsEmissions MarketsPoliticsRegulationsVoluntary Carbon Markets (VCMs)

South Africa’s revised carbon tax to be harsher but with more offsets, Treasury says

South Africa is one of the world's top 15 greenhouse gas emitters and the only country in Africa with a carbon tax.

A pumpjack operates at a drilling site in Baku, Azerbaijan.
Climate FinanceEmissionsHydropowerOilRegulationsSolarWind

Azerbaijan is the host of the UN’s climate conference, shining a spotlight on the petrostate

Countries will gather in Azerbaijan for COP29 — a place that was one of the birthplaces of the oil industry.

A view shows a venue of the COP29 United Nations climate change conference, in Baku, Azerbaijan November 20, 2024. REUTERS/Aziz Karimov
BiodiversityClimateEmissionsEnvironmentIndigenousPoliticsUnited Nations

At COP29, more than 50 countries sign UN sustainable tourism declaration

Over 50 nations pledge at COP29 to align tourism with climate goals, addressing its 8.8 per cent emissions impact through reforms.

ClimateClimate FinanceEmissionsEnvironmentPolitics

COP29 president faces pressure over LSE climate academic detained in Azerbaijan

COP29 faces scrutiny as academics urge Azerbaijan to release detained climate professor Gubad Ibadoghlu amid health concerns.

Visitors look at a video about battery-powered ships in the showroom at the headquarters of Chinese EV battery maker CATL in Ningde, Fujian province.
Climate FinanceEmissionsEnvironmentUnited Nations

As Trump returns, China seizes chance for climate mantle

With Trump expected to take the U.S. out of climate diplomacy, China positions itself as a global climate leader at COP29.

The Cop29 UN Climate Summit was being held in Baku, Azerbaijan (Peter Dejong/AP)
BiodiversityClimateClimate FinanceEconomyEmissionsEnvironmentIndigenousPoliticsResiliencyUnited Nations

Lack of focus on nature and farming solutions at COP29, say campaigners

Campaigners at COP29 urge nations to prioritize nature-based solutions, like forests and soil, in climate finance and action plans.

A man stands next to the logo of the COP29 United Nations climate change conference, in Baku, Azerbaijan November 20, 2024. REUTERS/Maxim Shemetov/File Photo
ClimateClimate FinanceEmissionsEnvironmentPolitics

Climate finance talks face ‘hardest’ stage as COP29 nears end-game

COP29 finance talks heat up as negotiators tackle funding for climate adaptation, clean energy, and emission cuts amid a Friday deadline.

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