Thursday, 23 January 2025
FILE PHOTO: Special envoy to the United Nations for climate change Michael Bloomberg speaks during the One-on-One discussion panel with International Monetary Fund (IMF) Managing Director Christine Lagarde on side of the IMF/World Bank spring meeting in Washington, U.S., April 19, 2018. REUTERS/Yuri Gripas/File Photo
ClimateClimate FinanceEmissionsPolitics

Bloomberg philanthropy to cover U.S. climate dues after Paris withdrawal

By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy arm said on Thursday it will provide funding to help cover...

FILE PHOTO: VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S.,  March 1, 2023. REUTERS/Lisa Baertlein/File Photo
BusinessElectric Vehicles (EVs)FinanceTrade

EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell

By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric...

A visitor views the Tesla Model 3 electric vehicle at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020.   REUTERS/Chris Helgren/File Photo
BusinessElectric Vehicles (EVs)

Tesla to raise prices of all cars in Canada from Feb. 1, website shows

(Reuters) -Tesla will raise prices of all its cars in Canada from Feb. 1, according to notices on its Canadian website, with prices...

An aerial view shows a solar park being built by 'F&S solar service' company near Erftstadt, western Germany (AFP)
BusinessSolar

Solar power surpasses coal in EU for first time

Solar overtook coal in the European Union’s electricity production in 2024, with the share of renewables rising to almost half the bloc’s power...

US President Donald Trump seeks to increase US oil production under his administration -- such as at this refinery in Detroit, Michigan -- but he may face challenges outside of his control (AFP)
AnalysisBusinessNatural GasOil

Trump push to ‘drill, baby, drill’ may hit industry roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week — but...

FILE PHOTO: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessOil

Oil prices extend losses on uncertainty over Trump tariff impact

By Nicole Jao NEW YORK (Reuters) -Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring...

A view of the production line for solar panels at photovoltaics systems maker Solarwatt in Dresden, Germany, May 4, 2022. REUTERS/Matthias Rietschel/File Photo
ElectricitySolar

Solar power overtook coal in EU’s electricity mix in 2024, Ember says

By Susanna Twidale (Reuters) – Solar power overtook coal in the European Union’s electricity mix for the first time last year, while wind...

FILE - Wind turbines spin at the Klettwitz Nord solar energy park near Klettwitz, Germany, Oct. 15, 2024. (AP Photo/Matthias Schrader, File)
ElectricityFuelPolitics

Europe posts record year for clean energy use as Trump pulls US toward fossil fuels

A record 47% of the European Union’s electricity now comes from solar and other renewables, a report Thursday said, in yet another sign...

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo
BusinessEconomyLiquefied Natural GasPolitics

US extends comment deadline on Biden-era LNG study to protect approvals

WASHINGTON (Reuters) – The U.S. has extended the comment period on a federal study of the economic and environmental impacts of the booming...

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo
BusinessEconomyInfrastructureNatural GasOil

Pipeline operator Kinder Morgan misses estimates for fourth-quarter profit

By Vallari Srivastava (Reuters) – U.S. pipeline operator Kinder Morgan said on Wednesday it remains bullish on growth in demand for natural gas...

US President Donald Trump seeks to increase US oil production under his administration -- such as at this refinery in Detroit, Michigan -- but he may face challenges outside of his control (AFP)
AnalysisBusinessNatural GasOil

Trump push to ‘drill, baby, drill’ may hit industry roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week — but...

A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025.  REUTERS/Todd Korol
AnalysisOilPolitics

Trump’s climate withdrawal creates rare discord with Big Oil

U.S. oil and gas producers welcome Trump's push for domestic energy but fear exiting climate deals could hurt global clean energy investments.

FILE PHOTO: Workers monitor the nickel melting process at a nickel smelter of PT Vale Tbk in Sorowako, South Sulawesi province, Indonesia, March 30, 2023. REUTERS/Ajeng Dinar Ulfiana/File Photo
AnalysisCritical MineralsOpinion

Column: Only Indonesia can help nickel recover from price bust

By Andy Home LONDON (Reuters) -Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so...

FILE PHOTO: Volkswagen ID. Buzz electric vehicles are lined up at the company's plant in Hanover, Germany, December 17, 2024. REUTERS/Fabian Bimmer/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)Manufacturing

Analysis: Volkswagen seeks new era in Germany with old methods

Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation.

FILE - President Donald Trump talks about the Endurance all-electric pickup truck, made in Lordstown, Ohio, at the White House, Sept. 28, 2020, in Washington. (AP Photo/Evan Vucci, File)
AnalysisElectric Vehicles (EVs)Politics

What’s next for EVs under President Trump?

WASHINGTON (AP) — President Donald Trump signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under...

FILE PHOTO: An offshore oil rig is pictured off the coast of Huntington Beach, California, U.S., November 14, 2024.  REUTERS/Mike Blake/File Photo
AnalysisBusinessPoliticsRegulations

Explainer: Can Trump overturn Biden’s offshore drilling ban?

By Nate Raymond (Reuters) – President Donald Trump in an executive order on Monday revoked a ban imposed by former Democratic President Joe...

FILE PHOTO: U.S. President Donald Trump delivers remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025.  REUTERS/Carlos Barria/File Photo
ElectricityFuelPolitics

Senate panel easily approves Trump’s picks to run energy, interior departments

By Timothy Gardner WASHINGTON (Reuters) -U.S. Senate committees on Thursday approved President Donald Trump’s choices to run energy and environmental policy – officials...

FILE PHOTO: A visitor stands next to a BYD Sealion 7 EV car at the 41st Thailand International Motor Expo, in Bangkok, Thailand, November 29, 2024. REUTERS/Athit Perawongmetha/File Photo
BusinessCourtsElectric Vehicles (EVs)Politics

Chinese EV makers file challenges to tariffs at EU court

By Philip Blenkinsop BRUSSELS (Reuters) -Chinese electric vehicle makers BYD, Geely and SAIC have challenged the EU’s import tariffs at the Court of...

FILE - A drill rig stands at a Fervo Energy geothermal site near Milford, Utah, Nov. 26, 2023. (AP Photo/Ellen Schmidt, File)
ElectricityGeothermalNatural GasOilPolitics

With Trump pivot back to pro-oil and gas policies, one renewable energy finds favor

As promised, President Donald Trump began reversing the country’s energy policies his first day in office with a spate of orders largely favoring...

FILE PHOTO: A visitor looks at Nissan Motor's electric vehicle (EV) model Leaf at its showroom in Yokohama, Japan, November 3, 2023. REUTERS/Kim Kyung-Hoon/File Photo
BusinessElectric Vehicles (EVs)Trade

Nissan to procure EV batteries from SK On for US market, Nikkei reports

TOKYO (Reuters) – Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea’s SK On from around...

US President Donald Trump seeks to increase US oil production under his administration -- such as at this refinery in Detroit, Michigan -- but he may face challenges outside of his control (AFP)
AnalysisBusinessNatural GasOil

Trump push to ‘drill, baby, drill’ may hit industry roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week — but...

FILE PHOTO: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessOil

Oil prices extend losses on uncertainty over Trump tariff impact

By Nicole Jao NEW YORK (Reuters) -Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring...

A visitor views the Tesla Model 3 electric vehicle at the Canadian International Auto Show in Toronto, Ontario, Canada February 18, 2020.   REUTERS/Chris Helgren/File Photo
BusinessElectric Vehicles (EVs)

Tesla to raise prices of all cars in Canada from Feb. 1, website shows

(Reuters) -Tesla will raise prices of all its cars in Canada from Feb. 1, according to notices on its Canadian website, with prices...

Grand Chief Stewart Phillip, President of the Union of B.C. Indian Chiefs, waits for a news conference to begin in Vancouver, on Thursday, Feb. 20, 2020. THE CANADIAN PRESS/Darryl Dyck
OilPolitics

B.C. First Nations leader reverses stance on pipeline as Trump tariff threat looms

VANCOUVER — The president of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline project...

Alberta Premier Danielle Smith addresses party members at the UCP annual meeting in Red Deer, Alta., Saturday, Nov. 2, 2024.THE CANADIAN PRESS/Jeff McIntosh
CoalPoliticsRegulations

Smith says taxpayers must be protected from lawsuits as Alberta lifts coal moratorium

EDMONTON — Alberta Premier Danielle Smith says the province had taxpayers in mind when it decided to lift a ban on new coal...

Bloc leader Yves-François Blanchet speaks with reporters in the foyer of the House of Commons, Tuesday, Dec 17, 2024 in Ottawa.  THE CANADIAN PRESS/Adrian Wyld
ElectricityPolitics

Cutting energy to U.S. in response to Trump tariffs is ‘absurd,’ says Bloc Québécois leader

OTTAWA — The leader of the Bloc Québécois says Canada is playing with fire by suggesting it could cut oil or electricity exports...

The community of Apex, Nvt., is seen from Iqaluit on August 2, 2019. THE CANADIAN PRESS/Sean Kilpatrick
ClimateEmissionsReports

Parts of tundra releasing more carbon than they absorb: study

Parts of the Arctic tundra are now releasing more planet-warming gases than they absorb, an international study published Tuesday suggests, upending a millennia-old...

FILE PHOTO: FILE PHOTO: Power-generating windmill turbines are seen at an offshore wind farm, Kriegers Flak, in the Baltic Sea between Denmark, Sweden and Germany, September 6, 2021. Ritzau Scanpix/Olafur Steinar Gestsson/via REUTERS/File Photo/File Photo
ClimateElectricityNuclear PowerOffshore WindWind

Wind, not nuclear, is the best way to meet Sweden’s climate goals, leading think tank says

STOCKHOLM (Reuters) – The cheapest way for Sweden to meet its expected rise in demand for electricity and goal of net zero emissions...

FILE PHOTO: European Commission Executive Vice-President Valdis Dombrovskis attends the U.S.-EU Trade and Technology Council in Leuven, Belgium April 5, 2024.  REUTERS/Johanna Geron/Pool/File Photo
EconomyElectricityFuelPolitics

EU open to US energy, arm sales talks to stave off tariffs

By Marta Fiorin and Cecile Mantovani DAVOS, Switzerland (Reuters) – The European Union is open to discussing purchases of energy and arms from...

The poll found Scots would rather oil and gas came from the UK than from abroad (PA)
BusinessEconomyNatural GasOilPolitics

Most Scots want more North Sea oil and gas to meet energy needs, poll finds

More than seven in 10 Scots back drilling in the North Sea to reduce the country’s reliance on foreign imports, a survey has...

The skeletons of an abandoned nuclear site are seen at Enel's power plant in Montalto di Castro, central italy, April 27, 2011. REUTERS/Max Rossi   (ITALY - Tags: ENERGY ENVIRONMENT)
ElectricityNuclear Power

Italy’s plan for return to nuclear power ready by end-2027, minister says

Italy aims to finalise by the end of 2027 a plan allowing the use of nuclear power again after it was banned almost...

An aerial view shows a solar park being built by 'F&S solar service' company near Erftstadt, western Germany (AFP)
BusinessSolar

Solar power surpasses coal in EU for first time

Solar overtook coal in the European Union’s electricity production in 2024, with the share of renewables rising to almost half the bloc’s power...

FILE PHOTO: The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessNatural GasOil

ConocoPhillips takes over as sole operator of gas project in Malaysia, Petronas says

(Reuters) – Malaysia’s Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in...

FILE PHOTO: VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S.,  March 1, 2023. REUTERS/Lisa Baertlein/File Photo
BusinessElectric Vehicles (EVs)FinanceTrade

EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell

By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric...

FILE PHOTO: Workers monitor the nickel melting process at a nickel smelter of PT Vale Tbk in Sorowako, South Sulawesi province, Indonesia, March 30, 2023. REUTERS/Ajeng Dinar Ulfiana/File Photo
AnalysisCritical MineralsOpinion

Column: Only Indonesia can help nickel recover from price bust

By Andy Home LONDON (Reuters) -Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so...

FILE PHOTO: A man is seen amid air pollution during sunrise, in Bangkok, Thailand, January 20, 2025. REUTERS/Chalinee Thirasupa/File Photo
BusinessPolitics

Thai cabinet approves collection of carbon tax

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday agreed to levy a carbon tax of 200 baht ($5.88) per ton of carbon emissions, a...

File Photo: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessOil

US crude futures down $1 a barrel on Trump plan to boost fossil fuel output

U.S. crude futures for March delivery fell by $1.06 to $76.33 a barrel by 2315 GMT on Monday.

FILE PHOTO: People work during the construction of the Nestor Kirchner gas pipeline in Macachin, La Pampa, Argentina April 26, 2023. REUTERS/Martin Cossarini/File Photo
BusinessElectricityFuel

Argentina logs largest energy trade surplus in 18 years in win for Milei

BUENOS AIRES (Reuters) – Argentina logged its largest energy trade surplus in nearly two decades last year, the energy secretariat said on Tuesday,...

FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
Critical MineralsMineralsMining

Brazil’s Cosan unloads stake in miner Vale

The move was "based solely on the goal of optimizing its capital structure," the Brazilian conglomerate said.

FILE PHOTO: Fernanda Jerez, a Chuquicamata copper mine underground mining project worker, poses for a picture, in Calama, Chile, February 6, 2024. REUTERS/Pablo Sanhueza/File Photo
BusinessCritical MineralsLabourMineralsMining

Analysis: Codelco workers fear copper production push hard to maintain

The company is targeting annual production of 1.7 million metric tons by the end of the decade.

FILE PHOTO: A woman shops for groceries at a market in Lima, Peru July 17, 2018.  REUTERS/Mariana Bazo/File Photo
Critical MineralsEconomy

Copper giant Peru sees economy expand for eighth straight month

Peru's GDP grew 3.93% in November 2023, marking eight months of expansion, driven by strong agriculture and fishing sectors.

FILE PHOTO: The headquarters of Argentina's state energy company YPF is seen in Buenos Aires, Argentina February 10, 2021. Picture taken February 10, 2021. REUTERS/Matias Baglietto/File Photo
BusinessFuelNatural GasOil

JPMorgan upgrades YPF, expecting further growth for Argentine energy sector

In 2024, YPF's shares soared more than 150% amid a major rally in Argentine stocks.

Lesotho King Letsie III says renewable energy could transform his country's economy (AFP)
BusinessClimate FinanceEconomyElectricityFuelHydropowerSolarWind

Lesotho’s king pitches green energy to Davos elites

King Letsie III of Lesotho urges global leaders in Davos to invest in his nation's green transition.

This is a locator map for Yemen with its capital, Sanaa. (AP Photo)
ClimateEnvironmentMaritimePoliticsTransport

Tanker hit by Yemen rebels that threatened Red Sea spill has been salvaged

The Sounion had been a disaster in waiting in the waterway, with 1 million barrels of crude oil aboard.

FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo
BusinessFuelLiquefied Petroleum Gas

Saudi Aramco and Sonatrach cut LPG prices for January

LPG is used mainly as fuel for cars, heating and as a feedstock for other petrochemicals.

FILE PHOTO: A drone view shows cityscape in Riyadh, Saudi Arabia - December 1, 2024 REUTERS/Mohammed Benmansour/File Photo
BusinessCarbon ManagementSolarWind

Saudi Arabia’s non-oil private sector keeps growing solidly in December, PMI shows

Saudi Arabia's non-oil private sector ended 2024 strong, highlighting progress under 'Vision 2030.'

FILE PHOTO: Special envoy to the United Nations for climate change Michael Bloomberg speaks during the One-on-One discussion panel with International Monetary Fund (IMF) Managing Director Christine Lagarde on side of the IMF/World Bank spring meeting in Washington, U.S., April 19, 2018. REUTERS/Yuri Gripas/File Photo
ClimateClimate FinanceEmissionsPolitics

Bloomberg philanthropy to cover U.S. climate dues after Paris withdrawal

By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy arm said on Thursday it will provide funding to help cover...

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessOilPoliticsTrade

Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says

By Nidhi Verma NEW DELHI (Reuters) – Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers,...

'I believe that many countries will continue moving in the direction of green energy,' said Saulo (AFP)
ClimatePolitics

Global green energy push likely to continue despite Trump climate retreat: UN

Donald Trump’s decision to withdraw the United States from the Paris climate agreement should not slow the global momentum towards renewable energy investments...

FILE PHOTO: Suntory Holdings CEO Takeshi Niinami who is also the Chairperson of Japan Association of Corporate Executives, also known as Keizai Doyukai in Japan, speaks during a Reuters Newsmaker event in Tokyo, Japan September 11, 2024.  REUTERS/Issei Kato/File Photo
ElectionsManufacturingTrade

Japan firms must prepare for Trump tariff fallout, Suntory chief says in Davos

Japanese companies remain bullish about investing in the U.S. but need to prepare for supply chain shocks.

FILE PHOTO: A driver holds his hands just underneath the steering wheel during a live-demonstration of Aptiv's self-driving vehicle in Las Vegas, Nevada, U.S., January 7, 2018.  REUTERS/Alexandria Sage/File Photo
AutomotiveBusinessElectric Vehicles (EVs)

Aptiv to separate electrical distribution systems business

By Nathan Gomes (Reuters) -Aptiv said on Wednesday it would separate its electrical distribution systems (EDS) business into a new company, as it...

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