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FILE PHOTO: A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, in the western Indian state of Gujarat, February 11, 2014. REUTERS/Amit Dave/File Photo
AnalysisElectricityReportsSolar

Solar can provide 20% of world electricity on northern summer solstice, thinktank says

LONDON – The world has enough solar power capacity to generate a fifth of its midday peak electricity needs on the longest day...

FILE PHOTO: Electricity transmission towers stand over a coffee farm in Santo Antonio do Jardim February 6, 2014. REUTERS/Paulo Whitaker/File Photo
BusinessElectricityInfrastructureNewsUtilities

Brazil tightens rules to renew energy distribution concessions

The Brazilian government issued on Thursday tighter guidelines for the extension of energy distribution contracts, easing the advanced cancellation of concessions and allowing...

BusinessCarbon ManagementClimateEmissionsFinanceFuelNews

Denmark awards first licenses to explore CO2 storage options on land

Denmark has awarded the first three licenses to investigate large-scale storage of carbon dioxide in geological formations on land, the Danish Energy Agency...

FILE PHOTO: A Nikola Hydrogen Fuel Cell EV is displayed during the press day preview of the Los Angeles Auto Show in Los Angeles, California, U.S. November 16, 2023.  REUTERS/David Swanson/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Nikola plans 1-for-30 reverse stock split to comply with Nasdaq listing rules

US manufacturer of heavy-duty commercial EVs Nikola on Thursday announced a 1-for-30 reverse stock split to comply with Nasdaq listing rules

FILE PHOTO: Gas flares are seen at the state-owned oil company PDVSA, in Punta de Mata, Venezuela April 5, 2023. REUTERS/Leonardo Fernandez Viloria
ClimateEmissionsEnvironmentFuelLiquefied Natural GasNewsOil

Oil companies flare more natural gas, defying effort to eliminate practice

Oil companies around the world burned off the most natural gas in five years while increasing intensity of the highly polluting practice

FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
BusinessFuelInfrastructureNatural GasNewsOilTransmission

Brazil agency nears decision amid Petrobras pressure to explore offshore Equatorial Margin

BRASILIA/RIO DE JANEIRO – The head of Brazil’s environmental agency said on Wednesday that he expects a decision soon on state-owned oil company...

Fiel photo: Brazil's President Luiz Inacio Lula da Silva attends the sworn-in ceremony of Brazilian state-run oil firm Petrobras CEO Magda Chambriard in Rio de Janeiro, Brazil, June 19, 2024. REUTERS/Ricardo Moraes/File photo
BusinessEconomyFinanceFuelNewsOilPolitics

New Petrobras CEO says president wants firm to boost national economy

RIO DE JANEIRO – The chief executive of Brazilian oil giant Petrobras, Madga Chambriard, said the country’s president asked her to work toward...

BusinessClimateEconomyEnvironmentFinanceNewsPoliticsResiliencyWeather

Caribbean Development Bank chief says ‘no time to waste’ on climate action

The Caribbean Development Bank's acting president called for immediate action to fund efforts to protect the region's coastlines and population from the growing...

FILE PHOTO: India's Minister for Information Technology Ashwini Vaishnaw addresses the audience in Gandhinagar, India, July 28, 2023. REUTERS/Amit Dave/File Photo
EconomyFuelMaritimeNewsOilPoliticsRailTradeTransport

India approves $9-billion port to boost trade with Europe

India's new deep-water port will include terminals to accommodate "mega vessels" and terminals for petroleum, automobiles and other imports.

FILE PHOTO: The Fisker logo is shown on the back of a Fisker Ocean electric SUV vehicle at one of the company’s sales, service ands delivery centers in Vista, California, U.S., May 22, 2024.   REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

EV startup Fisker’s U.S. units file for bankruptcy

Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a...

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