Friday, 11 October 2024
AnalysisElectricitySolarWind

How solar geoengineering could disrupt wind and solar power

While potentially buying time for emissions cuts, solar geoengineering could hinder net-zero efforts by reducing wind and solar energy output.

FILE PHOTO: A general view of a palm oil plantation in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone on April 26, 2022. REUTERS/Willy Kurniawan/File Photo
AgricultureBiodiversityEnvironmentLegislationRegulations

Indonesia, Malaysia, EU work on guide for smallholders on EU deforestation rules

Indonesia, Malaysia, and the EU will create a practical deforestation guide for smallholders by November.

A glass of 20 year-old Cognac is seen at the Painturaud Freres wine cellar in Segonzac, France, October 9, 2024.  REUTERS/Lucien Libert
AnalysisBusinessEconomyElectric VehiclesLegislationPoliticsRegulationsTrade

In France’s Cognac, Beijing and Brussels’ EV spat spells disaster

In Cognac, French brandy producers and dealers of Chinese-made EVs face challenges from EU tariffs and China's retaliatory measures.

Tesla CEO and X owner Elon Musk rides in Tesla's robotaxi at an unveilling event in Los Angeles, California, U.S. October 10, 2024 in this still image taken from video. Tesla/Handout via REUTERS
AutomotiveElectric Vehicles

Tesla robotaxi event was long on promises, but investors wanted more details

Robotaxis topped Elon Musk’s to-do list Thursday night at Tesla’s long-awaited Hollywood unveiling.

FILE PHOTO: Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha Vaish/File Photo
AutomotiveBusinessCritical MineralsElectric VehiclesFinanceManufacturingMining

Northvolt: Cash-strapped EV-battery maker in talks for 200 million euros in funding

Northvolt announced job cuts, raising fears that Europe's top EV battery hope may falter amid low demand and Chinese competition.

Tall sign showing BP logo.
BusinessElectric VehiclesFuelOil

BP’s refining business sees lower margins as global oil demand stalls

BP follows Shell in reporting a drop in margins after the companies’ refining businesses suffered a downturn in global demand.

A Porsche Taycan electric vehicle (EV) is showcased at a Volkswagen media event in Beijing, China April 24, 2024. REUTERS/Josh Arslan/File Photo
AutomotiveBusinessEconomyElectric Vehicles

Porsche’s nine-month China sales plunge by third

Porsche on Friday posted a 29 per cent nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in...

Locals are worried the Mediterranean island's landscape will be ruined to produce energy then sent to other parts of Italy. (AFP)
AnalysisCoalElectricityIndigenousInfrastructurePoliticsWind

Renewables revolt in Sardinia, Italy’s coal-fired island

Sardinians sabotage wind turbines, resisting renewable projects they say exploit the island, as tensions over green energy rise.

Bosch logo is seen on a bike during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay/ File Photo
BusinessElectric VehiclesIndustryManufacturing

Bosch, Tenstorrent to collaborate on standardizing automotive chips

Plans include developing a standard method to use a building block of modern chips to create systems that can power vehicles with varying...

ScottishPower chief executive Keith Anderson will meet Sir Keir Starmer on Friday (Jordan Pettitt/PA)
BusinessEconomyElectricityIndustryInfrastructureManufacturingPoliticsRegulationsSolarStorageTransmissionUtilitiesWind

ScottishPower aims £12bn more at UK clean energy after Labour solar farms row

The investment comes alongside £8 billion from Danish energy giant Orsted and £2.5 billion from offshore wind power firm GreenVolt.

Tesla's robotaxi is displayed at an unveiling event in Los Angeles, California, U.S. October 10, 2024,  in this still image taken from a video. Tesla/Handout via REUTERS
BusinessElectric VehiclesIndustryManufacturingOpinion

‘Lot of sci-fi smoke and mirrors’: Investors, experts react to Tesla’s robotaxi unveil

Tesla's robotaxi reveal, featuring gull-wing doors and no steering wheel, disappointed investors with few details on production and plans.

AnalysisElectricitySolarWind

How solar geoengineering could disrupt wind and solar power

While potentially buying time for emissions cuts, solar geoengineering could hinder net-zero efforts by reducing wind and solar energy output.

A glass of 20 year-old Cognac is seen at the Painturaud Freres wine cellar in Segonzac, France, October 9, 2024.  REUTERS/Lucien Libert
AnalysisBusinessEconomyElectric VehiclesLegislationPoliticsRegulationsTrade

In France’s Cognac, Beijing and Brussels’ EV spat spells disaster

In Cognac, French brandy producers and dealers of Chinese-made EVs face challenges from EU tariffs and China's retaliatory measures.

Locals are worried the Mediterranean island's landscape will be ruined to produce energy then sent to other parts of Italy. (AFP)
AnalysisCoalElectricityIndigenousInfrastructurePoliticsWind

Renewables revolt in Sardinia, Italy’s coal-fired island

Sardinians sabotage wind turbines, resisting renewable projects they say exploit the island, as tensions over green energy rise.

Save Coastal Wildlife's Jenna Reynolds points at a pod of harbor seals swimming in Sandy Hook Bay, New Jersey (Save Coastal Wildlife)
AnalysisBiodiversityClimateElectricityEnvironmentIndigenousInfrastructurePoliticsWind

On US coast, wind power foes embrace ‘Save the Whales’ argument

Anti-wind power groups along the US East Coast blame whale strandings on offshore projects, despite no scientific evidence.

FILE PHOTO: A Tesla Model 3 vehicle drives using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023.     REUTERS/Mike Blake/File Photo
AnalysisBusinessElectric VehiclesIndustryLegislationManufacturingRegulations

Tesla gambles on ‘black box’ AI tech for robotaxis

Tesla's upcoming robotaxi reveal may showcase risky "black box" AI tech, lacking the safety transparency found in lidar-equipped competitors.

FILE PHOTO: An aerial view of the Deer Park Manufacturing Complex is seen in Deer Park, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif/File Photo
BusinessIndustryInfrastructureNatural GasOilRegulationsTransmission

Bodies recovered after deadly Texas refinery incident, says Pemex CEO

Bodies of victims of the chemical leak at Deer Park refinery have been recovered and an investigation into the incident launched.

Tesla's robotaxi is displayed at an unveiling event in Los Angeles, California, U.S. October 10, 2024,  in this still image taken from a video. Tesla/Handout via REUTERS
BusinessElectric VehiclesIndustryManufacturingOpinion

‘Lot of sci-fi smoke and mirrors’: Investors, experts react to Tesla’s robotaxi unveil

Tesla's robotaxi reveal, featuring gull-wing doors and no steering wheel, disappointed investors with few details on production and plans.

Tesla CEO and X owner Elon Musk rides in Tesla's robotaxi at an unveilling event in Los Angeles, California, U.S. October 10, 2024 in this still image taken from video. Tesla/Handout via REUTERS
AutomotiveElectric Vehicles

Tesla robotaxi event was long on promises, but investors wanted more details

Robotaxis topped Elon Musk’s to-do list Thursday night at Tesla’s long-awaited Hollywood unveiling.

Bosch logo is seen on a bike during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay/ File Photo
BusinessElectric VehiclesIndustryManufacturing

Bosch, Tenstorrent to collaborate on standardizing automotive chips

Plans include developing a standard method to use a building block of modern chips to create systems that can power vehicles with varying...

Save Coastal Wildlife's Jenna Reynolds points at a pod of harbor seals swimming in Sandy Hook Bay, New Jersey (Save Coastal Wildlife)
AnalysisBiodiversityClimateElectricityEnvironmentIndigenousInfrastructurePoliticsWind

On US coast, wind power foes embrace ‘Save the Whales’ argument

Anti-wind power groups along the US East Coast blame whale strandings on offshore projects, despite no scientific evidence.

FILE PHOTO: A general view of electric lines as demand for power surged during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O?Hare/File Photo
ElectricityInfrastructureTransmissionUtilities

PJM issues geomagnetic disturbance warning, flags limited risk to grid

PJM warns of possible geomagnetic disturbance affecting the power grid, but no significant impacts are expected until Oct 11.

Toronto city council has taken a step toward banning misleading fossil fuel advertising on city property, building on recent federal anti-greenwashing rules and a similar proposal approved by the city's transit agency.The Toronto sign in Nathan Phillips Square is shown at city hall in Toronto on Thursday, Sept. 30, 2021. THE CANADIAN PRESS/Evan Buhler
ClimateEmissionsIndustryInfrastructureLegislationRegulations

Toronto takes step toward ban on misleading fossil fuel ads, following TTC move

Toronto moves toward banning misleading fossil fuel ads on city property, aligning with federal anti-greenwashing regulations.

O'Reilly Oilfield Services Ltd. has been fined $90,000 after pleading guilty to one count of failing to protect the health and safety of workers under its supervision. Pumpjacks are shown near Hardisty, Alta., on June 20, 2007. THE CANADIAN PRESS/Larry MacDougal
BusinessCourtsLabourNatural GasOilRegulations

Alberta company fined after worker severely burned in 2021 oil and gas site fire

O'Reilly Oilfield has been fined $90,000 after pleading guilty to one count of failing to protect workers under its supervision.

Parliamentary Budget Officer Yves Giroux waits to appear before the Senate Committee on National Finance, Tuesday, October 17, 2023 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
BusinessCarbon ManagementContracts for DifferenceEconomyEmissions MarketsFinancePoliticsRegulations

Canada’s PBO releases updated carbon price report after previous error sparked controversy

The parliamentary budget officer says his updated carbon price report is consistent with earlier findings, despite correcting an error.

BusinessEmissionsFinanceNatural GasOilPoliticsRegulations

Canada moves ahead with sustainable investing guidelines, but details still scarce

Canada's government is rolling out green taxonomies, meant to attract more investment for emissions-reducing projects.

Canadian federal climate policies and investments look increasingly fragile. Could ‘carbon contracts for difference’ help ensure the survival of long-term climate action in Canada? (Shutterstock)
AnalysisCarbon ManagementContracts for DifferenceEmissionsEmissions MarketsEnvironmentIndustryOpinionPoliticsRegulations

‘Carbon contracts for difference’ are not a silver bullet for climate action

Canadian climate policies appear fragile — could carbon contracts for difference secure long-term climate action and investments?

FILE PHOTO: ENI CEO Claudio Descalzi speaks during Abu Dhabi International Progressive Energy Congress (ADIPEC), in Abu Dhabi, United Arab Emirates, October 2, 2023. REUTERS/Amr Alfiky/File Photo
BiofuelsBusinessCarbon ManagementFuel

Eni CEO says U.S. funds showing confidence in group’s strategy

U.S. investment funds back Eni's spin-off strategy as CEO Descalzi highlights success with low-carbon ventures and talks with KKR.

FILE PHOTO: A view of the logo of German carmaker Volkswagen at the Volkswagen plant in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessEconomyElectric VehiclesFinanceIndustryManufacturingRegulationsTrade

Moody’s downgrades Volkswagen outlook to ‘negative’ due to operating weakness

Moody's cuts Volkswagen's outlook to "negative" citing weak performance, low volume growth, and restructuring challenges ahead.

FILE PHOTO: Stellantis CEO Carlos Tavares inaugurates the group's electrified dual-clutch transmission (eDCT) assembly facility in the Mirafiori complex in Turin, Italy, April 10,2024. REUTERS/Massimo Pinca/File Photo
AutomotiveBusinessElectric VehiclesIndustryManufacturing

Stellantis CEO says EU carbon rules are pushing industry costs up by 40%

Stellantis CEO Carlos Tavares noted EU carbon rules are raising auto industry costs as customers avoid pricey EVs.

FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020.  REUTERS/Lucy Nicholson/File Photo
BusinessCourtsElectric VehiclesIndustryLabourLegislationManufacturingRegulations

Swedish court upholds ruling against Tesla in labour dispute

The court upheld a preliminary ruling that Sweden's postal service Postnord does not need to deliver licence plates to Tesla.

A glass of 20 year-old Cognac is seen at the Painturaud Freres wine cellar in Segonzac, France, October 9, 2024.  REUTERS/Lucien Libert
AnalysisBusinessEconomyElectric VehiclesLegislationPoliticsRegulationsTrade

In France’s Cognac, Beijing and Brussels’ EV spat spells disaster

In Cognac, French brandy producers and dealers of Chinese-made EVs face challenges from EU tariffs and China's retaliatory measures.

A Porsche Taycan electric vehicle (EV) is showcased at a Volkswagen media event in Beijing, China April 24, 2024. REUTERS/Josh Arslan/File Photo
AutomotiveBusinessEconomyElectric Vehicles

Porsche’s nine-month China sales plunge by third

Porsche on Friday posted a 29 per cent nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in...

FILE PHOTO: Aerial photo shows farmers planting corn in the Kunjang rice fields, Kediri, East Java province, Indonesia, April 10, 2023, in this photo taken by Antara Foto. Antara Foto/Muhammad Mada/via REUTERS /File Photo
AgricultureEnvironment

Indonesia’s Prabowo to expand farmland by 3 million hectares for self-sufficiency

Indonesia's incoming president, Prabowo Subianto, vows to achieve food self-sufficiency in four years.

FILE PHOTO: Toyota Motor Corporation President Akio Toyoda speaks at a briefing on the company's strategies on battery EVs in Tokyo, Japan December 14, 2021. REUTERS/Kim Kyung-Hoon/File Photo
AutomotiveBusinessElectric VehiclesIndustry

Shift to EV-only future would spell job losses, Toyota chairman warns

A shift to an electric vehicle-only future could result in job losses for those in engine-related technology.

Boats of fisherfolk are anchored by a floating village, by the Tonle Sap in Kampong Chhnang province, Cambodia, Thursday, Aug. 1, 2024, (AP Photo/Heng Sinith)
BiodiversityEnvironment

Tonle Sap: Cambodian fishermen turn to raising eels as lake fish stocks decline

Climate change and deforestation impacting Tonle Sap lake have led Cambodian fishermen to raise eels.

A Sumatran orangutan, one of the species at risk from deforestation according to the new report (AFP)
AnalysisBiodiversityClimateEmissionsEnvironmentIndigenousReports

Indonesia biomass drive threatens key forests: report

Indonesia's plan to add wood-burning to its energy mix is fueling deforestation and threatening habitats of endangered species, a new report says.

FILE PHOTO: 'Cholita' a Spectacled bear walks on a tree at the dry forest of the Chaparri Natural Reserve in Peru's northern region of Lambayeque October 19, 2014. 'Cholita' was rescued when was living as a pet and is now in the process of adaptation to return to their natural habitat, living in semi-captivity. Picture taken October 19, 2014. REUTERS/Mariana Bazo/File Photo
BiodiversityClimateEnvironment

Record wildfires ravage Peru’s ecosystems and wildlife

A record number of fires tore through Peru over the past few weeks, wreaking havoc across the country's ecosystems.

FILE PHOTO: A drone view shows moored boats at the dry banks of Rio Amazonas during a drought in Santarem, Para state, Brazil October 8, 2024. REUTERS/Amanda Perobelli/File Photo
BusinessClimateEnvironmentIndigenousIndustryMaritimeTrade

Drought blocks shipping in another grains corridor in northern Brazil

Brazil's Amport reports grain transport on Tapajos waterway halted due to severe drought and low water levels in northern Brazil.

FILE PHOTO: Brine pools used to extract lithium are seen next to a lithium mining camp at the Salar del Rincon salt flat, in Salta, Argentina August 12, 2021. REUTERS/Agustin Marcarian/File Photo
AnalysisBusinessCritical MineralsElectric VehiclesManufacturingMining

Rio Tinto’s real prize: Arcadium’s lithium extraction technology

Rio Tinto's $6.7B Arcadium buyout will give it lithium filtration technology set to transform electronics, EV production.

FILE PHOTO: Indigenous leader Alessandra Korap Munduruku takes part in a protest for land demarcation and against President Jair Bolsonaro's government, in Brasilia, Brazil June 16, 2021. REUTERS/Ueslei Marcelino/File Photo
BiodiversityBusinessClimateEmissionsEmissions MarketsEnvironmentIndigenousPoliticsResiliency

Indigenous groups in Brazil say they weren’t consulted on carbon credits

Indigenous groups in Para, Brazil, say they weren’t consulted before a government deal to sell carbon offset credits for Amazon conservation.

FILE PHOTO: Blacktip sharks swim off Santa Cruz Island, part of the Galapagos Islands, Ecuador.   Picture taken January 16, 2022. REUTERS/Santiago Arcos/File Photo
BiodiversityEconomyEnvironmentIndigenousPoliticsResiliency

Ecuador nature deal scrutiny has not slowed work on debt swaps, IDB says

An enquiry into Ecuador's debt-for-nature swap has not slowed work on the instruments, president of the Inter-American Development Bank said.

Before it turned off the switches in October 2022, the plant fed 121 megawatts into South Africa's grid (AFP)
AnalysisBusinessClimateCoalEconomyElectricityEmissionsIndigenousLabourPoliticsSolarWind

South Africa offers a lesson on how not to shut down a coal plant

South Africa’s Komati coal plant shutdown stalls green transition, leaving jobs lost and renewable projects delayed.

FILE PHOTO: A bucket wheel excavator processes coal at the Phola Coal Processing Plant near Witbank, in the Mpumalanga province, South Africa January 17, 2023. REUTERS/Siphiwe Sibeko/File Photo
ClimateCoalEconomyElectricityEmissionsEnvironmentIndigenousPoliticsSolarWind

European donors woo South Africa’s sceptical coal belt on green energy

European politicians and diplomats urge South Africa's coal communities to embrace renewables, promising support amid transition fears.

A dam built by a woman farmer in a Tunisian village has turned her into a local hero after it helped increase local growers' yields (AFP)
AnalysisBiodiversityClimateEnvironmentIndigenousPoliticsRegulationsResiliencyWeather

With EU funding, Tunisian farmer revives parched village

In Tunisia, a locally-built dam with EU funding helps farmers combat drought, boosting crop production despite water scarcity.

FILE PHOTO: The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo
BusinessCourtsNatural GasOil

Arbitration rules in favour of BP as sole buyer of Kosmos Energy’s Senegal LNG project

Kosmos Energy is barred from third-party LNG sales in the GTA project after a Paris arbitrator ruled in favor of BP.

A view of lakes caused by heavy rainfall between sand dunes in the desert town of Merzouga, near Rachidia, southeastern Morocco, Wednesday, Oct. 2, 2024. (AP Photo)
EnvironmentWeather

Water gushes through palm trees and sand dunes after rare rain in the Sahara Desert

A rare deluge in the Sahara Desert nourishes drought-stricken areas with water not seen for decades.

F1 is looking at a multitude of solutions and innovations to decarbonise, its head of ESG Ellen Jones has said (Andrew Matthews/PA)
Emissions

‘No silver bullet’ for decarbonising Formula One, ESG boss says

F1 aims for net zero by 2030, cutting 50 per cent of emissions from its 2018 baseline, and offsetting the rest through carbon...

The COP29 climate summit will take place from 11 to 22 November 2024 in Baku, Azerbaijan (AFP)
ClimateEmissionsEnvironmentPoliticsUnited Nations

Little progress at key meet ahead of COP29 climate summit

Key pre-COP29 meeting ends with little progress on funding a new climate finance deal, as rich countries fail to commit to amounts.

AnalysisElectricitySolarWind

How solar geoengineering could disrupt wind and solar power

While potentially buying time for emissions cuts, solar geoengineering could hinder net-zero efforts by reducing wind and solar energy output.

FILE PHOTO: Solar panels are seen along with a view of the neighborhood and lower Manhattan from the rooftop of Timber House in the Park Slope neighborhood of Brooklyn, New York, U.S., August 16, 2022.  REUTERS/Brendan McDermid/File Photo
Carbon ManagementEconomyElectricityEmissionsFuelLegislationPoliticsRegulationsReportsSolarWind

Countries’ renewable energy plans fall short of target, says IRENA

Governments' renewable energy plans fall 34% short of the U.N. goal to triple capacity by 2030, says an IRENA report.

FILE PHOTO: A general view of a palm oil plantation in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone on April 26, 2022. REUTERS/Willy Kurniawan/File Photo
AgricultureBiodiversityEnvironmentLegislationRegulations

Indonesia, Malaysia, EU work on guide for smallholders on EU deforestation rules

Indonesia, Malaysia, and the EU will create a practical deforestation guide for smallholders by November.

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